Financial disclosure obligations for LLPs require bookkeeping, an annual statement of account and solvency, filing, audit, and penalties. LLPs must maintain proper books of account at the registered office using double-entry accounting; prepare a Statement of Account and Solvency within six months of year end signed by designated partners; file that statement with the Registrar in prescribed form, manner and fees; and have accounts audited under prescribed rules, with possible governmental exemptions. Statutory penalties apply for failure to file and for failure to maintain books, prepare the statement, or comply with audit requirements, affecting both the LLP and its designated partners.