REVIEW REPORT TO THE MEMBERS ON STATEMENT OF COMPLIANCE WITH BEST PRACTICES OF CODE OF CORPORATE GOVERNANCE
We have reviewed Statement of Compliance with the best practices contained in the Code of Corporate Governance prepared by the Board of Directors of J.A. TEXTILE MILLS LIMITED to comply with the Listing Regulation No.37 and Chapter No. XI of the Karachi and Lahore Stock Exchange respectively where the company is listed.
The responsibility for compliance with the Code of Corporate Governance is that of the Board of Directors of the Company. Our responsibility is to review, to extent where such compliance can be objectively verified, whether the statement of Compliance reflects the status of the Company’s Compliance with the provisions of the Code of Corporate Governance and report if it does not. A review is limited primarily to inquiries of the Company personnel and review of various documents prepared by the Company to comply with the Code.
As part of our audit of financial statements we are required to obtain an understanding of the accounting and internal control systems sufficient to plan the audit and develop an effective audit approach. We have not carried out any special review of the internal control system to enable us to express an opinion as to whether the Board’s statement on internal control covers all controls and the effectiveness of such internal controls.
Based on our review nothing has come to our attention which causes us to believe that the statement of Compliance does not appropriately reflect the company’s compliance, in all material respects, with the best practices contained in the Code of Corporate Governance.
Dated:20-01-2003 M.YOUSAF DIL SALEEM &CO.
Faisalabad. Chartered Accountants
Home | Annual Reports | Second Quarterly Reports | First Quarterly Reports | Contact Us | About us
All Rights reserved by JA Software development team.
J.A. Textile Mills Ltd.
16 C, People's Colony
Faisalabad 38090, PAKISTAN
Tel: 92-41-721953-6
Fax: 92-41-712399