Carphone Warehouse 2002 Annual Report Download - page 26

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Company law requires the Directors to prepare financial statements for each financial period which give a true and fair view of the state of
affairs of the Company and Group and of their profit or loss for that period. In preparing those financial statements, the Directors are required to:
• Select suitable accounting policies and then apply them consistently;
• Make judgements and estimates that are reasonable and prudent;
• State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the
financial statements; and
• Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in
business.
The Directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial
position of the Company and Group and enable them to ensure that the financial statements comply with the Companies Act 1985. They are
also responsible for taking such steps as are reasonably open to them to safeguard the assets of the Company and Group and to prevent
and detect fraud and other irregularities.
24 The Carphone Warehouse Group PLC Annual Report 2002
Statement of Directors’ responsibilities