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It outlines that management is accountable for all information included in the Statement of Financial Position and related reports, including performance, cash flows, budget versus actual amounts, changes in net assets/equity, and the notes for the fiscal year. It also states that financial statements are prepared in accordance with Philippine Public Sector Accounting Standards and reflect management’s best estimates and informed judgment, supported by internal controls.",{"@graph":63,"@context":119},[64,80,102],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":41,"@type":70,"position":76},"https://docshare.wps.com/template/letters/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/annex-g-managements-responsibility-for-financial-statements/179548/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/annex-g-managements-responsibility-for-financial-statements/179548.png","ImageObject",442,249,{"name":88,"@type":89},"Lucas Vance","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/octet-stream","2026-10-23","2026-09-02",true,{"@type":98,"interactionType":99,"userInteractionCount":101},"InteractionCounter",{"@type":100},"ViewAction",9,{"@type":103,"mainEntity":104},"FAQPage",[105,111,115],{"name":106,"@type":107,"acceptedAnswer":108},"What does management assume responsibility for in this Annex G statement?","Question",{"text":109,"@type":110},"Management is responsible for all information and representations in the accompanying financial statements, including the Statement of Financial Position and related reports and notes for the year then ended.","Answer",{"name":112,"@type":107,"acceptedAnswer":113},"Which financial statements are referenced as part of the accompanying set?",{"text":114,"@type":110},"The template references the Statement of Financial Position, Statement of Financial Performance, Statement of Cash Flows, Statement of Comparison of Budget and Actual Amounts, Statement of Changes in Net Assets/Equity, and the Notes to Financial Statements.",{"name":116,"@type":107,"acceptedAnswer":117},"How does the template describe the preparation standard and basis of estimates?",{"text":118,"@type":110},"It states that the financial statements are prepared in conformity with the Philippine Public Sector Accounting Standards and generally accepted state accounting principles, and that amounts are based on management’s best estimates and informed judgment with consideration for materiality.","https://schema.org",{"og:url":78,"og:type":121,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":123,"canonical":78},"index,follow",{"doc_id":125,"site_id":56},179548,1790683138,{"code":4,"msg":5,"data":128},{"doc_id":125,"user_id":129,"nickname":88,"user_avatar":130,"doc_module":9,"category_id":40,"category_name":41,"doc_title":59,"doc_description":61,"doc_content":131,"file_id":132,"file_url":133,"file_type":134,"file_size":135,"view_count":101,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":9,"language":136,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":137,"faqs":138,"seo_title":139,"seo_description":61,"update_tm":140,"read_time":4},549768064622,"https://ap-avatar.wpscdn.com/davatar_6f874abed73319feea01a86fa6f0fab8","Annex G\n________________________________\nAgency/Entity Letterhead\nSTATEMENT OF MANAGEMENT’S RESPONSIBILITY FOR FINANCIAL STATEMENTS\nThe management of ____________ (Name of Department/Agency/Entity)_____________ is responsible for all information and representations contained in the accompanying Statement of Financial Position as at ____________________ and the related Statement of Financial Performance, Statement of Cash Flows, Statement of Comparison of Budget and Actual Amounts, Statement of Changes in Net Assets/Equity and the Notes to Financial Statements for the year then ended.  The financial statements have been prepared in conformity with the Philippine Public Sector Accounting Standards and generally accepted state accounting principles, and reflect amounts that are based on the best estimates and informed judgment of management with an appropriate consideration to materiality.\nIn this regard, management maintains a system of accounting and reporting which provides for the necessary internal controls to ensure that transactions are properly authorized and recorded, assets are safeguarded against unauthorized use or disposition and liabilities are recognized.","cbCaikEzsXmfbFJJ","https://ap.wps.com/l/cbCaikEzsXmfbFJJ","doc",30720,"English","# Statement of Management’s Responsibility for Financial Statements","[{\"question\":\"What does management assume responsibility for in this Annex G statement?\",\"answer\":\"Management is responsible for all information and representations in the accompanying financial statements, including the Statement of Financial Position and related reports and notes for the year then ended.\"},{\"question\":\"Which financial statements are referenced as part of the accompanying set?\",\"answer\":\"The template references the Statement of Financial Position, Statement of Financial Performance, Statement of Cash Flows, Statement of Comparison of Budget and Actual Amounts, Statement of Changes in Net Assets/Equity, and the Notes to Financial Statements.\"},{\"question\":\"How does the template describe the preparation standard and basis of estimates?\",\"answer\":\"It states that the financial statements are prepared in conformity with the Philippine Public Sector Accounting Standards and generally accepted state accounting principles, and that amounts are based on management’s best estimates and informed judgment with consideration for materiality.\"}]","Annex G - Management’s Responsibility for Financial Statements | DOC",1788337370]