Advanced Computer Software Group plc Annual report 2013

Statement of directors’responsibilitiesThe directors are responsible for preparing theannual report, and the Group and Parent Companyfinancial statements in accordance with applicablelaw and regulations.Company law requires the directors to prepare Groupand Parent Company financial statements for eachfinancial year. As required by the AIM Rules of theLondon Stock Exchange they are required to preparethe Group financial statements in accordance withIFRSs as adopted by the EU and applicable law andhave elected to prepare the Parent Company financialstatements in accordance with UK AccountingStandards and applicable law (UK Generally AcceptedAccounting Practice).Under company law, the directors must not approvethe financial statements unless they are satisfied thatthey give a true and fair view of the state of affairsof the Group and Parent Company and of their profit orloss for that period. In preparing each of the Group andParent Company financial statements, the directors arerequired to:The directors are responsible for keeping adequateaccounting records that are sufficient to show andexplain the Parent Company's transactions and disclosewith reasonable accuracy at any time the financialposition of the Parent Company and enable them toensure that its financial statements comply with theCompanies Act 2006. They have general responsibilityfor taking such steps as are reasonably open to themto safeguard the assets of the Group and to preventand detect fraud and other irregularities.The directors are responsible for the maintenanceand integrity of the corporate and financial informationincluded on the Company's website. Legislation inthe UK governing the preparation and disseminationof financial statements may differ from legislation inother jurisdictions.> > select suitable accounting policies and then applythem consistently;> > make judgements and estimates that are reasonableand prudent;> > for the Group financial statements, state whether theyhave been prepared in accordance with IFRSs asadopted by the EU;> > for the Parent Company financial statements, statewhether applicable UK Accounting Standards havebeen followed, subject to any material departuresdisclosed and explained in the financial statements;and> > prepare the financial statements on the goingconcern basis unless it is inappropriate to presumethat the Group and the Parent Company willcontinue in business.22Advanced Computer Software Group plcAnnual Report 2013