Page 132 - flipbook-ubp-IR

INTRODUCTION ABOUT US MANAGEMENT APPROACH
STATEMENT OF DIRECTORS’ RESPONSIBILITIES
FOR THE YEAR ENDED JUNE 30, 2022
Statement of Directors’ responsibilities in respect of the preparation of financial statements
and internal control
The Directors are responsible for the preparation of financial statements which give a true and fair view of the financial position, financial performance and cash flows of the Company. In so doing, they are required to:
• select suitable accounting policies and apply them consistently;
• make judgements and estimates that are reasonable and prudent;
• comply with the provisions of the Companies Act 2001 and the International Financial Reporting Standards (IFRS), and explain any material departure thereto;
• prepare the financial statements on a going concern basis unless it is inappropriate to presume that the Company will continue in business in the foreseeable future.
The Directors are also responsible for the proper maintenance of accounting records which disclose at any time and with reasonable accuracy, the financial position and performance of the Company. They are also responsible for maintaining an effective system of internal control and risk management, for safeguarding the assets of the Company and for taking all reasonable steps to prevent and detect fraud and other irregularities.
The Directors acknowledge that they have exercised their responsibilities as described above and confirm that they have complied with the above requirements in preparing the financial statements for the year ended June 30, 2022. They also acknowledge the responsibility of the external auditors to report on these financial statements and to express an opinion as to whether they are fairly presented. They further acknowledge that they have ensured compliance to the Code of Corporate Governance (the “Code”) and provided reasons in case of non-compliance with the Code.
The Directors confirm that there is an outsourced internal audit function. The Board also confirm that proper accounting records have been maintained during the year ended June 30, 2022 and that nothing has come to their attention which could indicate any material breakdown in the functioning of the internal control system and have a material impact on the trading and financial position of the Company.
On behalf of the Board
Jean-Claude Béga
Chairman
September 27, 2022
Stéphane Ulcoq
Group CEO
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UBP INTEGRATED REPORT 2022