iilpipes.com

The Directors confirm compliance with the Corporate and Financial Reporting Framework of the SECP Code of Governance for the following: 

1. The financial statements, prepared by the management of the company, present fairly its state of affairs, the result of its operations, cash flows and changes in equity.
2. Proper books of accounts of the company have been maintained in the manner required under the Companies Ordinance 1984.
3. Appropriate accounting policies have been consistently applied in preparation of financial statements and accounting estimates are based on reasonable and prudent information.
4. International Accounting Standards, as applicable in Pakistan have been followed in preparation of financial statements.
5. The system of internal audit control is sound in design and has been effectively implemented and monitored.
6. There are no significant doubts upon the Company's ability to continue as a growing concern.
7. There is no material departure from the best practices of corporate governance, as detailed in the listing regulations.