108 DATASONIC GROUP BERHAD DATASONIC GROUP BERHAD DIRECTORS’ RESPONSIBILITIES STATEMENT IN RESPECT of the Audited Financial Statements GOVERNANCE 05 The Directors are required by the Companies Act 2016 (the “Act”) to prepare the financial statements for each financial year which have been made out in accordance with applicable Malaysian Financial Reporting Standards, International Financial Reporting Standards, the requirements of the Act in Malaysia and the Main Market Listing Requirements of Bursa Malaysia Securities Berhad. The Directors are responsible to ensure that the financial statements give a true and fair view of the state of affairs of the Company and the Group at the end of the financial year, and of the results and cash flows of the Company and the Group for the financial year. In preparing the financial statements, the Directors ensured that the Management has: a) Adopted appropriate accounting policies and applied them consistently; b) Made judgements and estimates that are reasonable and prudent; and c) Prepared the financial statements on a going concern basis. The Directors are responsible to ensure that the Company and the Group keep accounting records which disclose the financial position of the Company and the Group with reasonable accuracy, enabling them to ensure that the financial statements comply with the Act. The Directors are responsible for taking such steps as are reasonably open to them to safeguard the assets of the Company and the Group, and to detect and prevent fraud and other irregularities.
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