Statement of directors responsibilities in respect of the financial

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Statement of directors responsibilities in respect of the financial Powered By Docstoc
					Statement of directors’ responsibilities in respect of the
financial statements

Company	law	requires	directors	to	prepare	financial	statements	for	each	accounting	period	which	give	a	true	and	fair	view	of	 	
the	state	of	affairs	of	the	Company	and	the	Group	at	the	end	of	the	accounting	period	and	of	the	profit	or	loss	of	the	Group		
for	that	period.

In	preparing	the	financial	statements	the	directors	are	required	to:

• select	suitable	accounting	policies	and	then	apply	them	consistently;
• make	judgements	and	estimates	that	are	both	reasonable	and	prudent;
• state	whether	applicable	accounting	standards,	International	Financial	Reporting	Standards	as	adopted	by	the	European	
  Union	or	UK	Generally	Accepted	Accounting	Practice,	as	appropriate,	have	been	followed,	subject	to	any	material	
  departures	being	disclosed	and	explained	in	the	notes	to	the	financial	statements;	and
• provide	additional	disclosures	when	compliance	with	the	specific	requirements	is	insufficient	to	enable	users	to	
  understand	the	impact	of	particular	transactions,	other	events	and	conditions	on	the	financial	position	and	financial	
  performance	of	the	entity.

The	directors	are	responsible	for:

• keeping	proper	accounting	records	which	disclose	with	reasonable	accuracy	at	any	time	the	financial	position	of	the	
  Company	and	the	Group	and	enable	them	to	ensure	that	the	financial	statements	comply	with	company	law	and,	for	the	
  Group,	Article	4	of	the	International	Accounting	Standards	Regulation;	and
• taking	reasonable	steps	to	safeguard	the	assets	of	the	Company	and	the	Group	and	to	prevent	and	detect	fraud	and	
  other	irregularities.

The	directors	are	responsible	for	the	maintenance	and	integrity	of	the	Company’s	website.	Financial	information	published	
on	the	website	is	based	on	legislation	in	the	UK	governing	the	preparation	and	dissemination	of	financial	statements	that	
may	be	different	from	comparable	legislation	in	other	jurisdictions.




28		 Spirent	Communications	plc	Annual	Report	2007