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SMR FOR SEC Sample

The management of Company Name is responsible for preparing and fairly presenting the company's financial statements for 2021 and 2022 according to Philippine Financial Reporting Standards. Management is also responsible for implementing internal controls over financial reporting and assessing the company's ability to continue as a going concern. The Board of Directors oversees the financial reporting process and approves the financial statements. Navarro Amper & Co., the company's independent auditor, has audited the financial statements and expressed its opinion on whether they fairly represent the company's financial position in accordance with auditing standards.

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Ann Cristine Cabebe
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1K views1 page

SMR FOR SEC Sample

The management of Company Name is responsible for preparing and fairly presenting the company's financial statements for 2021 and 2022 according to Philippine Financial Reporting Standards. Management is also responsible for implementing internal controls over financial reporting and assessing the company's ability to continue as a going concern. The Board of Directors oversees the financial reporting process and approves the financial statements. Navarro Amper & Co., the company's independent auditor, has audited the financial statements and expressed its opinion on whether they fairly represent the company's financial position in accordance with auditing standards.

Uploaded by

Ann Cristine Cabebe
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

COMPANY LOGO

STATEMENT OF MANAGEMENT’S RESPONSIBILITY


FOR FINANCIAL STATEMENTS

The Management of Company Name, (a wholly-owned Subsidiary of Immediate Parent)


(the “Company”), is responsible for the preparation and fair presentation of the financial
statements, including the schedules attached therein, for the years ended December 31, 2022
and 2021, in accordance with Philippine Financial Reporting Standards, 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.

In preparing the financial statements, Management is responsible for assessing the Company’s
ability to continue as a going concern, disclosing as applicable, matters related to going
concern and using the going concern basis of accounting unless Management either intends to
liquidate the Company, or to cease operations, or has no realistic alternative but to do so.

The Board of Directors is responsible for overseeing the Company’s financial reporting process.

The Board of Directors reviews and approves the financial statements, including the schedules
attached therein, and submits the same to the shareholders.

Navarro Amper & Co., the independent auditor appointed by the shareholders, has audited the
financial statements of the Company in accordance with Philippine Standards on Auditing, sand
in its report to the shareholders, has expressed its opinion on the fairness of presentation upon
completion of such audits.

Chairman

President & CEO

Treasurer

Signed this __ day of ____, 2023.

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