confidence - Investing In Africa

Statement of Management’s Responsibility for Financial ReportingThe financial statementsof the Group and of theBank have been preparedby management, which isresponsible for their integrity,consistency, objectivity andreliability. InternationalFinancial Reporting Standards,as well as the requirementsof the Banking Act 2004and the guidelines issuedthereunder, have beenapplied and managementhas exercised its judgementand made best estimateswhere deemed necessary.20statement ofmanagement’sresponsibilityfor financial reportingThe Bank has designed andmaintained its accounting systems,related internal controls andsupporting procedures, to providereasonable assurance that financialrecords are complete and accurateand that assets are safeguardedagainst loss from unauthorised use ordisposal. These supporting proceduresinclude careful selection and trainingof qualified staff, theimplementation of organisationand governance structuresproviding a well-defineddivision of responsibilities,authorisation levels andaccountability for performance,and the communication of theBank’s policies, procedures manualsand guidelines of the Bank of Mauritiusthroughout the Bank.