Recommendation Director Responsibility Statement In Board Report

PricewaterhouseCoopers Incs audit report is presented on page 9.

Director responsibility statement in board report. Gold Fields Annual Financial Report 2014 Statement of responsibility by the Board of Directors The directors are responsible for the preparation integrity and fair presentation of the financial statements of the Company and of the Group comprising the separate and consolidated statements of financial position at 31 December 2014 and the. Section 134 3 clause b mandates that the number of board meetings held in the financial year shall be disclosed in the Board report. Statement of directors responsibilities in respect of the Annual Report and the financial statements.

The annual financial statements were approved. The board is responsible for the overall governance management and strategic direction of the organisation and for delivering accountable corporate performance in accordance with the organisations goals and objectives. Being a director is a big responsibility.

The directors are responsible for preparing the Annual Report and the Group and Company financial statements in accordance with applicable law and regulations. These are designed to provide reasonable but not absolute assurance as to the reliability of the annual financial statements to adequately safeguard verify and maintain accountability of assets and to prevent and detect material misstatement and loss. 1346 The Boards report and any annexures thereto under sub-section 3 shall be signed by its chairperson of the company if he is authorised by the Board and where he is not so authorised shall be signed by at least two directors one of whom shall be a managing director or by the director where there is one director.

According to section 2172 AA the Boards report is also to include a Directors Responsibility Statement indicating therein i that in the preparation of the annual accounts the applicable accounting standards have been followed along with proper explanation relating to material departures. Four meetings of the Board were held during the year ended 31st March 2019. Statement of responsibility by the Board of directors The directors are responsible for the preparation integrity and fair presentation of the annual financial statements of the Royal Bafokeng Platinum Group.

Directors responsibility statement discussed in detail later Details in respect of frauds reported by auditors under sub-section 12 of section 143 other than those which are reportable to the Central government this clause was inserted by the Companies Amendment Act 2015 wef. Shareholders the board of directors and committees of the board has audited the annual financial statements. Sub-section 1 of section 134 of the Act provides that the financial statement including consolidated financial statement if any shall be approved by the Board of Directors before they are signed on behalf of the Board by the chairperson of the company where he is authorised by the Board or by two directors out of which one shall be managing director if any and the Chief Executive Officer.

I followed in the preparation of the Annual Accounts the applicable Accounting Standards with proper explanation relating to material departures if any. The annual accounts has been prepared in accordance with the applicable accounting standards. Overview Our strategic objectives Statement of responsibility by the Board of Directors Certificate of the Company Secretary Chief executive officer and the financial directors responsibility statement Audit and Risk Committee report Directors report for the Group and Company Independent auditors report to the shareholders of Royal Bafokeng Platinum Limited Consolidated statement of.