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PART 5
OVERSEEING THE INTEGRITY OF DISCLOSURE
Paragraph 510 RESPONSIBILITIES OF MANAGEMENT AND THE BOARD OF DIRECTORS BMO Financial Group
188th 2005 Annual Report, Statement of Management's Responsibility for Financial Information Scroll to page 95 "Statement of Management's Responsibility for Financial Information". This statement outlines management's responsibility for the presentation and preparation of the MD&A; the Board of Directors’ review and approval of the MD&A is also noted. Furthermore, reference is made to the company's comprehensive system of internal controls. Cameco Corporation 2005 Annual Report, Report of Management’s Accountability Scroll to page 67 “Report of Management’s Accountability”. Management acknowledges its responsibility for the information disclosed in the MD&A and notes the existence of systems, procedures, and controls to ensure the reliability of information used internally and reported externally. Canadian Imperial Bank of Commerce
2005 Annual Accountability Report, Financial Reporting Responsibility Scroll to page 97 “Financial Reporting Responsibility”.
This section describes the regulations to which the MD&A adheres. It also notes that the Audit Committee reviews the MD&A and recommends it for approval by the Board of Directors. Suncor Energy
2005 Annual Report, Management’s Statement of Responsibility for Financial Reporting Scroll to page 62 “Management’s Statement of Responsibility for Financial Reporting” In the opening paragraph of this section, management expresses its responsibility for the preparation of the MD&A. The final paragraph indicates that the Board of Directors, through its Audit Committee, “reviews the effectiveness of the company’s financial reporting systems, management information systems, internal control systems and internal auditors.” The same paragraph indicates that the Audit Committee reviews the annual MD&A and recommends its approval to the Board of Directors. Telus Corporation 2005 Business Review, Management's Report Scroll to page c64 “Management’s Report”. The second paragraph of the second column describes the role of TELUS’ CEO and CFO in evaluating the effectiveness of disclosure controls and procedures as they pertain to the MD&A. TransAlta Corporation
2005 Annual Report, Management's Responsibility Scroll to page 69 “Management’s Responsibility”. Management assumes responsibility for the presentation and preparation of the MD&A and references the standards to which the discussion adheres. This section employs cautionary language when describing the uncertainty of future results. |
