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In this regards. management maintains a system of accounting and reporting which provides for the necessary internal controls to ensure that the transactions are properly authorized and recorded, assets are safeguarded against unauthorized use or disposition and liabilities are recognized.
What is PSPDC ?
Paco Soriano Pandacan Development Cooperative (PSPDC) is responsible for all information and representations contained in the financial statements. The financial Statements have been prepared in confirmity with financial reporting standards applicable to cooperatives in the philippines and reflect amounts that are based on the best estimates and informe judgement of management with an appropriate consideration to materiality.
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