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Statement of Managements Responsibility For Financial Statements CORPORATION

Management is responsible for preparing and fairly presenting the company's 2022 and 2021 financial statements according to the relevant financial reporting framework. This includes assessing the company's ability to continue as a going concern. The board of directors is responsible for overseeing the financial reporting process and approving the financial statements, which are then submitted to shareholders. The independent auditor, appointed by shareholders, audited the financial statements according to auditing standards and expressed an opinion on whether they fairly present the company's financial position.

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132 views1 page

Statement of Managements Responsibility For Financial Statements CORPORATION

Management is responsible for preparing and fairly presenting the company's 2022 and 2021 financial statements according to the relevant financial reporting framework. This includes assessing the company's ability to continue as a going concern. The board of directors is responsible for overseeing the financial reporting process and approving the financial statements, which are then submitted to shareholders. The independent auditor, appointed by shareholders, audited the financial statements according to auditing standards and expressed an opinion on whether they fairly present the company's financial position.

Uploaded by

Donnie Ray Distajo
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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STATEMENT OF MANAGEMENT’S RESPONSIBILITY

FOR FINANCIAL STATEMENTS

The Management of ALLAN MARINE SUPPLY CORPORATION 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 the
prescribed financial reporting framework 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 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 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 stockholders.

CONRADO L. PIOQUINTO, CPA, the independent auditor appointed by the stockholders, has
audited the financial statements of the company in accordance with 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.

____________________
NINO S. LO
Chairman of the Board

____________________
MAGDALENA SIA
Chief Financial Officer

Signed this ____ day of ______________.

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