The management of XXXX is responsible for preparing and fairly presenting the company's consolidated financial statements for the year ended December 31, 20XX in accordance with Philippine Financial Reporting Standards. This responsibility includes designing internal controls over financial reporting and making reasonable accounting estimates. The Board of Directors reviews and approves the financial statements before submitting them to shareholders, and an independent auditor audits the statements and issues an opinion on whether they fairly represent the company's financial position.
The management of XXXX is responsible for preparing and fairly presenting the company's consolidated financial statements for the year ended December 31, 20XX in accordance with Philippine Financial Reporting Standards. This responsibility includes designing internal controls over financial reporting and making reasonable accounting estimates. The Board of Directors reviews and approves the financial statements before submitting them to shareholders, and an independent auditor audits the statements and issues an opinion on whether they fairly represent the company's financial position.
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A Sample Format of a Statement of Management's Responsibility
The management of XXXX is responsible for preparing and fairly presenting the company's consolidated financial statements for the year ended December 31, 20XX in accordance with Philippine Financial Reporting Standards. This responsibility includes designing internal controls over financial reporting and making reasonable accounting estimates. The Board of Directors reviews and approves the financial statements before submitting them to shareholders, and an independent auditor audits the statements and issues an opinion on whether they fairly represent the company's financial position.
The management of XXXX is responsible for preparing and fairly presenting the company's consolidated financial statements for the year ended December 31, 20XX in accordance with Philippine Financial Reporting Standards. This responsibility includes designing internal controls over financial reporting and making reasonable accounting estimates. The Board of Directors reviews and approves the financial statements before submitting them to shareholders, and an independent auditor audits the statements and issues an opinion on whether they fairly represent the company's financial position.
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STATEMENT OF MANAGEMENTS RESPONSIBILITY
FOR THE FINANCIAL STATEMENTS
The Management of XXXX. is responsible for the preparation and fair
presentation of the consolidated financial statements for the year ended December 31, 20XX, including the additional components attached therein, in accordance with the Philippine Financial Reporting Standards. This responsibility includes designing and implementing internal controls relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error, selecting and applying appropriate accounting policies, and making accounting estimates that are reasonable in the circumstances. The Board of Directors reviews and approves the financial statements and submits the same to the stockholders of the Company. XXXX, the independent auditor appointed by the stockholders, has audited the financial statements of the Company in accordance with the Philippine Standards on Auditing, and in its report to the stockholders has expressed its opinion on the fairness of presentation upon completion of such audit.