Financial Statement - Statement of Management Responsibility
Financial Statement - Statement of Management Responsibility
In preparing the financial statements, Management is responsible for assessing the company’s ability to
continue as a going concern, disclosing as applicable, relevant information that would enable users to
determine the same.
This is in part using the principle of minimizing company risks before considering major course of
action in its operations as there are still available and more realistic alternatives.
The management as primary user of said Financial Statements has the prerogative and discretion as to
disclosure and distribution of the same.
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President