Directors' Duties in relation to Financial Reporting

As per the Companies Act, directors are responsible to present and lay before the company, at its annual general meeting, financial statements that:

• comply with Accounting Standards 
• give true and fair view of the profit and loss, and the state of affairs of the company. 

In addition, directors of a company incorporated in Singapore are responsible to maintain a system of internal accounting controls and keep proper accounting and other records that will enable the preparation of true and fair profit and loss accounts and balance-sheets.

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