Explain about the Directors' Responsibility Statement covering the aspect of its authentication under the provisions of the Companies Act, 2013?

According to Sec 134(5) of the Companies Act, 2013, the Directors' Responsibility Statement shall, state that- in the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to material departures; the directors had selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the company at the end of the financial year and of the profit and loss of the company for that period; the directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities; he directors had prepared the annual accounts on a going concern basis; and the directors, in the case of a listed company, had laid down internal financial controls to be followed by the company and that such internal financial controls are adequate and were operating effectively. the directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively. The Directors' Responsibility Statement is an integral part of Board Report u/s 134 of the Act. The Board Report is approved by the Board of directors of the company and signed by the chairman of the company if so, authorized by the Board or by two directors one of whom shall be the Managing Director. Thus, after the Board's report is approved and signed, the Directors Responsibility Statement stands authenticated by the Board and no separate authentication thereof is required.