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Management of the Company is responsible for the preparation and presentation of the financial statements and the accompanying notes, the MD&A, and other information contained in this report. Additionally, it is management's responsibility to ensure that the Company complies with the laws and regulations applicable to its activities.
The Company's management is held accountable by the Board of Directors (Directors), each member of which is elected annually by the shareholders of the Company. The Directors are responsible for reviewing and approving the financial statements and the MD&A. Responsibility for the review and approval of the company's financial statements and MD&A is delegated by the Directors to the Audit Committee. Golden Band's audit committee is constituted in accordance with Multilateral Instrument 51-110Audit Committees1.
Additionally, the Audit Committee pre-approves audit and non-audit services provided by the Company's external auditors. The auditors are appointed annually by the shareholders to conduct an audit of the financial statements in accordance with generally accepted auditing standards. The external auditors have complete access to the Audit Committee to discuss audit, financial reporting, and related matters resulting from the annual audit as well as assist the members of the Audit Committee in discharging their corporate governance responsibilities.
1http://www.albertasecurities.com |
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