BT 2003 Annual Report Download - page 74

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Statement of directors’ responsibility
for preparing the financial statements
The directors are required by law to prepare financial
statements for each financial 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 financial year and
of the profit or loss and cash flows of the group for
that period.
The directors consider that, in preparing
the financial statements for the year ended 31 March
2003, on pages 75 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 confirm that the financial 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 financial position of the company and which enable
them to ensure that the financial 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.
BT Annual Report and Form 20-F 2003 73