Divine Management Responsibility For Financial Statements

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Management responsibility for financial statements. In order to discharge managements responsibility for the integrity of the financial statements the Company maintains a system of internal accounting controls. Managements Responsibility for the Financial Statements The preparation and presentation of the accompanying consolidated financial statements Managements Discussion and Analysis MDA and all financial information are the responsibility of management and have been approved by the Board of Directors. Managements Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with Thai Financial Reporting Standards and for such internal control as management determines is necessary to enable the preparation of financial statements that are free.

An example of an estimate is the useful life of property plant and equipment used to calculate depreciation as shown in the preceding note 3 d. Management is responsible for the preparation and fair presentation of these financial statements in accordance with the International Financial Reporting Standard for Small and Medium-sized Entities 2 and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement whether due to fraud or error. Both the internal auditors and independent auditors have full and free access to the Finance.

These controls are designed to provide reasonable assurance that the Companys assets are safeguarded transactions are executed and. The consolidated financial statements where necessary include amounts which are based on the best estimates and judgment of management. Get detailed data on venture capital-backed private equity-backed and public companies.

In order to discharge managements responsibility for the integrity of the financial statements the Company maintains a system of internal accounting controls. These financial statements have been prepared in conformity with International Financial Reporting Standards IFRS using the best estimates and judgments of management where appropriate. The management undertakes responsibility regarding no material misstatements being present in the financial statements that have been prepared.

20 Revised Statement of Managements Responsibility on January 26 2017. Ad See detailed company financials including revenue and EBITDA estimates and statements. Given the fact that the financial statements are primarily prepared by the organization yet management should ensure that they are able to account for a couple of important aspects.

Ad Find Visit Today and Find More Results. Revised Statement of Managements Responsibility SMR Over the Financial Statements On January 30 2017 the Securities and Exchange Commission SEC issued a Notice stating that the SEC en Banc resolved to issue Financial Reporting Bulletin FRB No. Get detailed data on venture capital-backed private equity-backed and public companies.