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Statement of Management Responsibility For Financial Statements

The management of Poro Sea Lovers Association Inc. is responsible for preparing and fairly presenting the 2020 financial statements according to reporting standards and for maintaining proper internal controls. Management must assess the company's ability to continue operating as a going concern and disclose any relevant matters. The Board of Directors oversees the financial reporting process by reviewing and approving the statements and schedules before submitting them to shareholders.

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596 views2 pages

Statement of Management Responsibility For Financial Statements

The management of Poro Sea Lovers Association Inc. is responsible for preparing and fairly presenting the 2020 financial statements according to reporting standards and for maintaining proper internal controls. Management must assess the company's ability to continue operating as a going concern and disclose any relevant matters. The Board of Directors oversees the financial reporting process by reviewing and approving the statements and schedules before submitting them to shareholders.

Uploaded by

RizzvillEspina
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
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STATEMENT OF MANAGEMENT RESPONSIBILITY

FOR FINANCIAL STATEMENTS


 

The management of Poro Sea Lovers Association Inc.  is responsible for the preparation and
fair presentation of the financial statements including the schedules attached therein for the
years ended 2020 in accordance with the prescribed financial reporting indicated therein,
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 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 (Trustees) is responsible for overseeing the Company’s financial
reporting process.

The Board of Directors (Trustees) reviews and approves the financial statements including
the schedules attached therein, and submits the same to the stockholder or members. 

                                               
Chairman of the Board

                                               
Chief Executive Officer

                                               
Chief Financial Officer
 

Signed this          day of                                   .


STATEMENT OF MANAGEMENT RESPONSIBILITY
FOR FINANCIAL STATEMENTS
 

The management of Poro Marine Protected Area Management Council Inc.  is responsible
for the preparation and fair presentation of the financial statements including the schedules
attached therein for the years ended 2020 in accordance with the prescribed financial
reporting indicated therein, 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 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 (Trustees) is responsible for overseeing the Company’s financial
reporting process.

The Board of Directors (Trustees) reviews and approves the financial statements including
the schedules attached therein, and submits the same to the stockholder or members. 

                                               
Chairman of the Board

                                               
Chief Executive Officer

                                               
Chief Financial Officer
 

Signed this          day of                                   .

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