FINANCIAL REPORTING PROCEDURES. 6.1 The Directors have established procedures which provide a reasonable basis for them to make proper judgments as to the financial position and prospects of the Group, taken as a whole, and the Group maintains a system of internal accounting controls sufficient to provide reasonable assurances that (i) transactions are executed in accordance with management’s general or specific authorisations; (ii) transactions are recorded as necessary to permit preparation of complete and accurate returns and reports to regulatory bodies as and when required by them and financial statements in accordance with the relevant generally accepted accounting principles and applicable accounting requirements; (iii) access to assets is permitted only in accordance with management’s general or specific authorisation; and (iv) the recorded accountability for assets is compared with existing assets at reasonable intervals and appropriate action is taken with respect to any differences; (v) each of the Company and its Subsidiaries has made and kept books, records and accounts which, in reasonable detail accurately and fairly reflect the transactions and dispositions of assets of such entity and provide a sufficient basis for the preparation of combined financial statements and notes thereto in accordance with the relevant generally accepted accounting principles and applicable accounting requirements; and (vi) all charges against the Group have been registered in accordance with all applicable Laws. The Group’s current management information and accounting control system has been in operation for at least three years (or since incorporation, whichever is shorter) during which none of them has experienced any difficulties with regard to (i) through (vi) above.
6.2 The Company and each other member of the Group has devised and maintained, and currently maintains, established systems, procedures and controls (including accounting and management systems) that would ensure that the Directors have been and will be able to and will make a proper assessment of the financial position and prospects of the Company and other members of the Group, both before and after completion of the Global Offering.
FINANCIAL REPORTING PROCEDURES. Each Group Company has in place procedures which provide for a reasonable basis for its directors to make proper judgements as to its state of affairs, performance and prospects.
FINANCIAL REPORTING PROCEDURES. 4.1 The Company covenants with and irrevocably undertakes to Xxxxxxx Xxxxxx and RBC that it shall implement as soon as reasonably practicable following Admission and at all times comply with the recommendations in relation to financial reporting procedures and accounting compliance controls referred to and/or set out in the Long Form Report. Admission Document Board Resolutions Dealing Code Directors’ Declarations Directors’ Powers of Attorney Directors’ Responsibility Letters Legal Due Diligence Report Lock-in and Orderly Marketing Agreements Long Form Report Nomad and Joint Broker Agreement Placing Letters Placing Proof Presentation Press Announcement Registrars Agreement Selling Shareholders’ Power of Attorney Short Form Report Verification Notes Working Capital Report Executed as a deed ) for and on behalf of ) /s/ Xxxx Xxx Xxx RESACA EXPLOITATION, INC. )
FINANCIAL REPORTING PROCEDURES. 6.1 The Directors have established procedures which provide a reasonable basis for them to make proper judgements as to the financial position and prospects of the Group, taken as a whole, and the Group maintains a system of internal accounting controls sufficient to provide reasonable assurances that (i) transactions are executed in accordance with management’s general or specific authorisations; (ii) transactions are recorded as necessary to permit preparation of complete and accurate returns and reports to regulatory bodies as and when required by them and financial statements in accordance with the relevant generally accepted accounting principles and applicable accounting requirements; (iii) access to assets is permitted only in accordance with management’s general or specific authorisation; and (iv) the recorded accountability for assets is compared with existing assets at reasonable intervals and appropriate action is taken with respect to any differences; (v) each Group Company has made and kept books, records and accounts which, in reasonable detail accurately and fairly reflect the transactions and dispositions of assets of such entity and provide a sufficient basis for the preparation of consolidated financial statements and notes thereto in accordance with the relevant generally accepted accounting principles and applicable accounting requirements; and
FINANCIAL REPORTING PROCEDURES. The Directors have established procedures which provide a reasonable basis for them to make proper judgements as to the financial position and prospects of each Group Company and the Group taken as a whole, and each of the Directors has had explained to them by the Company's legal advisers the nature of their responsibilities and obligations as directors of a company whose shares are admitted to trading on AIM under the AIM Rules for Companies and each Director understands what is required of him so as to enable holders of the Company's shares and the public to appraise the position of each Group Company and the Group and avoid the creation of a false market in the Company's shares.
FINANCIAL REPORTING PROCEDURES. The Directors have established procedures which provide a reasonable basis for them to make proper judgements as to the financial position and prospects of the Group, taken as a whole, and the Group maintains a system of internal accounting controls sufficient to provide reasonable assurance that (i) transactions are executed in accordance with management's general or specific authorisations; (ii) transactions are recorded as necessary to permit preparation of complete and accurate returns and reports to regulatory bodies as and when required by them and financial statements in accordance with the relevant generally accepted accounting principles and applicable accounting requirements;
(iii) access to assets is permitted only in accordance with management's general or specific authorisation; and (iv) the recorded accountability for assets is compared with existing assets at reasonable intervals and appropriate actions taken with respect to any differences. The Group's current management information and accounting control system has been in operation for at least three years (or since incorporation, whichever is shorter) during which none of them has experienced any difficulties with regard to (i) through (iv) above or with regard to ascertaining at any point in time the differences in real time between budgeted and actual expenses.
FINANCIAL REPORTING PROCEDURES. The Directors have established procedures which provide a reasonable basis for them to make proper judgements as to the financial position and prospects of the Group, taken as a whole, and the Group maintains a system of internal accounting controls sufficient to provide reasonable assurance that (!) transactions are executed in accordance with management's general or specific authorisations; (ii) transactions are recorded as necessary to permit preparation of complete and accurate returns and reports to regulatory bodies as and when required by them and financial statements in accordance with the relevant generally accepted accounting principles and applicable accounting requirements; (iii) access to assets is permitted only in accordance with management's general or specific authorisation; and (iv) the recorded accountability for assets is compared with existing assets at reasonable intervals and appropriate actions taken with respect to any
FINANCIAL REPORTING PROCEDURES. 7.1 The Directors have established procedures which provide a reasonable basis for them to make proper judgements as to the financial position and prospects of the Group, taken as a whole, and the Group maintains an effective system of internal controls sufficient to provide reasonable assurance that (i) transactions are executed in accordance with management’s general or specific authorisations; (ii) transactions are recorded as necessary to permit preparation of complete and accurate returns and reports to regulatory bodies as and when required; (iii) access to assets is permitted only in accordance with the relevant internal control procedures; (iv) the recorded accountability for assets and liabilities is checked against the existing assets and records prepared by third parties including bank statements at reasonable intervals and appropriate actions taken with respect to any differences; (v) notifiable transactions, connected transactions, disclosable interests, irregularities or matters or other transactions are readily identified and reported to management of the Group and any regulatory bodies as and when required in accordance with the relevant applicable Laws including the CSRC Rules, the Listing Rules, the Codes on Takeovers and Mergers and Share Buy-backs, the SFO, the Companies (WUMP) Ordinance and the Companies Ordinance; and (vi) the policies and procedures governing (i) to (v) above and any other corporate governance policies are documented properly and the implementation of such corporate governance policies are monitored by the responsible persons.
7.2 Each of the Company and its Subsidiaries maintains a system of internal accounting controls sufficient to provide reasonable assurance that each of the Company and its Subsidiaries has made and kept books, records and accounts which, in reasonable detail, accurately and fairly reflect the transactions and dispositions of assets of such entity and provide a sufficient basis for the preparation of consolidated financial statements in accordance with HKFRSs.
7.3 Each of the Company and Subsidiaries has established and maintains and evaluates disclosure and corporate governance controls and procedures to ensure that (i) material information relating to the Company or any Subsidiary is made known in a timely manner to the Company’s board of Directors and management by others within those entities, and (ii) the Company and the Board comply in a timely manner with the requirements of the CSRC Rule...
FINANCIAL REPORTING PROCEDURES. The Directors have established procedures which provide a reasonable basis for them to make proper judgments as to the financial position and prospects of the EARNZ Group.
FINANCIAL REPORTING PROCEDURES. The Directors have established procedures which provide a reasonable basis for them to make proper judgements on an ongoing basis as to the financial position and prospects of the Company and the Group and each of the Company and its subsidiaries maintains a system of internal accounting controls sufficient to provide reasonable assurance that:
2.8.1 transactions are executed in accordance with management’s general or specific authorisations;
2.8.2 transactions are recorded as necessary to permit preparation of returns and reports, complete and accurate in all material respects, to regulatory bodies as and when required by them and financial statements in accordance with IFRS; and
2.8.3 access to the Group’s assets is permitted only in accordance with management’s general or specific authorisation.
