26.1.1 The assurance of accuracy of disclosure is a duty of the board. A brief statement of this responsibility will appear in the reports and accounts.
26.1.2 The corporation may appoint a person to oversee disclosure matters.
26.1.3 Information will be prepared, audited and disclosed based on approved accounting standards and regulation.
26.1.4 Approved accounting standards should be promoted.
26.2 Internal control systems
26.2.1 The board is responsible for ensuring high quality internal control systems.
26.2.2 Internal controls should provide for the integrity of corporate data, and the existence of appropriate controls will be verified periodically independently to ensure it appropriateness.
26.2.3 The Directors will report on the effectiveness of the company’s internal controls effectiveness particularly the following:
A- Rules governs Audit committee , including its delegated responsibilities; B- Criteria to measures independence of the external auditors; C- Information on internal audit function.
26.3 Liability
The Directors should be liable to the shareholders, corporation and third parties to the extent determined by local laws and regulations.
