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SMR2020

The document is a statement of management's responsibility for the financial statements and income tax return of PROJ. 8 MUNOZ TM KALAW TRANSPORT CORPORATION for the year ended December 31, 2020. It states that management is responsible for preparing the financial statements according to the relevant framework and for implementing internal controls. Management is also responsible for assessing the company's ability to continue as a going concern. The board of directors reviews and approves the financial statements. An independent auditor has examined the financial statements and expressed an opinion on the fairness of presentation. Management also affirms that the income tax return has been accurately prepared according to tax regulations and that all applicable tax returns and payments have been filed and paid.

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G4 AMOYO ANGELICA NICOLE
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28 views2 pages

SMR2020

The document is a statement of management's responsibility for the financial statements and income tax return of PROJ. 8 MUNOZ TM KALAW TRANSPORT CORPORATION for the year ended December 31, 2020. It states that management is responsible for preparing the financial statements according to the relevant framework and for implementing internal controls. Management is also responsible for assessing the company's ability to continue as a going concern. The board of directors reviews and approves the financial statements. An independent auditor has examined the financial statements and expressed an opinion on the fairness of presentation. Management also affirms that the income tax return has been accurately prepared according to tax regulations and that all applicable tax returns and payments have been filed and paid.

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G4 AMOYO ANGELICA NICOLE
Copyright
© © All Rights Reserved
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Download as DOCX, PDF, TXT or read online on Scribd
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STATEMENT OF MANAGEMENT’S RESPONSIBILITY

FOR FINANCIAL STATEMENTS

The Management of PROJ. 8 MUNOZ TM KALAW TRANSPORT CORPORATION is responsible for the
preparation and fair presentation of the financial statements including the schedules
attached therein for the calendar year ended December 31, 2020, in accordance with the
prescribed financial reporting framework indicated therein, and for such internal control
as management determines is necessary to enable the preparation of the financial
statements that are free from material misstatements, whether due to fraud or error.

In preparing the financial statements, management is responsible for assessing the


Company’s ability to continue as a going concern, disclosing, as applicable matters
related to going concern and using the going concern basis of accounting unless
management either intends to liquidate the company or to cease operations, or has no
realistic alternative but to do so.

The Board of Directors review and approves the financial statements including the
schedules attached therein.

Jeffrey James Jacinto, an independent auditor, appointed by the management has


examined the financial statement of the company in accordance with Philippine Standard
on Auditing, has expressed its opinion on the fairness of presentation upon completion of
such audit.

Chairman of the Board/President

Cooperative Treasurer

Audit Committee

Signed this 1st day of December, 2022


STATEMENT OF MANAGEMENT’S RESPONSIBILITY
FOR INCOME TAX RETURN

The Management of PROJ. 8 MUNOZ TM KALAW TRANSPORT CORPORATION is responsible for all
information and representation contained in the Annual Income Tax Return for the year
ended December 31, 2020. Management is likewise responsible for all information and
representation contained in the financial statements accompanying the Income Tax
Return covering the same reporting period. Furthermore, the Management is responsible
for all information and representation contained in all the other tax returns filed for the
reporting period, including, but not limited, to the value added tax and /or percentage tax
returns, withholding tax returns, documentary stamp tax returns, and any all other tax
returns.

In this regard, the Management affirms that the attached audited financial statements for
the year ended December 31, 2020 and the accompanying Annual Income Tax Return
are in accordance with the books and records of PROJ. 8 MUNOZ TM KALAW TRANSPORT
CORPORATION is complete and correct in all material respects. Management likewise
affirms that:

a) The Income Tax Return has been prepared in accordance with the provision of the
National Internal Revenue Code, as amended, and pertinent tax regulations and
other issuances of the Department of Finance and the Bureau of Internal Revenue;
b) Any disparity of figures in the submitted reports arising from the preparation of the
financial statements pursuant to financial accounting standards and the
preparation of the income tax return pursuant to tax accounting rules has been
reported as reconciling items and maintained in the individual’s books and records
in accordance with the requirements of Revenue Regulations No. 8-2007 and other
relevant issuances;
c) PROJ. 8 MUNOZ TM KALAW TRANSPORT CORPORATION has filed all applicable tax returns,
report and statements required to be filed under Philippines tax laws for the
reporting period, and all taxes and other impositions shown there on to be due and
payable have been paid for the reporting period, except those contested in good
faith.

Chairman of the Board/President

Cooperative Treasurer

Audit Committee

Signed this 1st day of December, 2022

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