BT 2002 Annual Report Download - page 71

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Statement of directors' responsibility
for preparing the financial statements
The directors are required by law to prepare ®nancial
statements for each ®nancial year which give a true and fair
view of the state of affairs of the company and the group as
at the end of the ®nancial year and of the pro®t or loss and
cash ¯ows of the group for that period.
The directors consider that, in preparing the ®nancial
statements for the year ended 31 March 2002 on pages 72
to 135 the company has used appropriate accounting
policies, consistently applied and supported by reasonable
and prudent judgements and estimates. The directors also
consider that all applicable accounting standards have been
followed and con®rm that the ®nancial statements have
been prepared on the going concern basis.
The directors are responsible for ensuring that the
company keeps accounting records which disclose with
reasonable accuracy at any time the ®nancial position of the
company and which enable them to ensure that the
®nancial statements comply with the Companies Act 1985.
The directors are also responsible for taking such steps
that are reasonably open to them to safeguard the assets of
the group and to prevent and detect fraud and other
irregularities.
The auditors' responsibilities are stated in their report to
the shareholders.
70 BT Group Annual Report and Form 20-F 2002