MISC Annual Report 2017

149 Corporate Governance 7KH GLUHFWRUV DUH UHVSRQVLEOH LQ HQVXULQJ WKDW WKH DQQXDO DXGLWHG ƓQDQFLDO VWDWHPHQWV RI WKH *URXS DQG RI WKH &RPSDQ\ DUH GUDZQ up in accordance with the provisions of the Companies Act, 2016, the Main Market Listing Requirements and the requirements of the applicable approved Financial Reporting Standards issued by the Malaysian Accounting Standards Board. 7KH GLUHFWRUV DUH DOVR UHVSRQVLEOH WR HQVXUH WKDW WKH DQQXDO DXGLWHG ƓQDQFLDO VWDWHPHQWV RI WKH *URXS DQG RI WKH &RPSDQ\ SUHVHQW D WUXH DQG IDLU YLHZ RI WKH VWDWH RI DIIDLUV RI WKH *URXS DQG RI WKH &RPSDQ\ DV DW WKH ƓQDQFLDO \HDU HQG DQG RI WKHLU ƓQDQFLDO SHUIRUPDQFH DQG FDVK ŴRZV IRU WKH ƓQDQFLDO \HDU WKHQ HQGHG ,Q SUHSDULQJ WKH DQQXDO DXGLWHG ƓQDQFLDO VWDWHPHQWV RI WKH *URXS DQG RI WKH &RPSDQ\ IRU WKH ƓQDQFLDO \HDU HQGHG 'HFHPEHU the directors have ensured that, appropriate and relevant accounting policies are adopted and consistently applied, reasonable and prudent estimates are made and going concern basis was adopted. The directors are responsible to ensure that the Group and the Company keep accounting records which disclose with reasonable DFFXUDF\ WKH ƓQDQFLDO SRVLWLRQ RI WKH *URXS DQG WKH &RPSDQ\ ZKLFK HQDEOH WKHP WR HQVXUH WKDW WKH ƓQDQFLDO VWDWHPHQWV FRPSO\ ZLWK the Companies Act, 2016, the Main Market Listing Requirements and the requirements of the applicable approved Financial Reporting Standards issued by the Malaysian Accounting Standards Board. The directors have the overall responsibilities for taking such steps that are reasonably available to them to safeguard the assets of the Group and the Company to prevent and detect fraud and other irregularities. STATEMENT OF DIRECTORS' RESPONSIBILITY

RkJQdWJsaXNoZXIy NDgzMzc=