Artículo 1.5. PS 1 Paragraph 1.5

This Practice Statement does not specify which entities are required to prepare management commentary, how frequently entities should do so, who should authorise management commentary for issue or the level of external assurance to which management commentary should be subjected. Note Throughout this Practice Statement, the term ‘management’ refers to the body(s) or individual(s) who are responsible for authorising management commentary for issue. Depending on an entity’s circumstances (such as local law or regulation), that could include the entity’s governing body.