Auditor s report of q star enterprise
As per the information and explanation given to us, no material discrepancies between physical inventory and book records were noticed on physical verification.
Auditors responsibility in audit report
In absence of proper documentation, financial impact on standalone financial statements is not ascertainable. Accordingly, we do not express an opinion on the standalone financial statements. Accordingly, paragraph 3 xvi of the Order is not applicable to the Company. Bhopal Sanchi Tollways Private Limited. As per the requirements of Rule 4 of Companies cost records and audit Amendment Rules, , the company has not conducted cost audit of its records. In respect of its fixed assets: a. For inventory lying with third parties at the year-end, written confirmations have been obtained. The Company's media business provides operations management services; including channel, column and advertisement management for television station, presently the Fujian Education Television Station "FETV", a top-rated provincial education television channel , and "Journey through China on the Train" an advertisement-embedded travel program, currently the only on-board media program from third party authorized by Ministry of Railways. And we will develop a comprehensive plan and engage the required resources to further strengthen our internal controls to ensure that we meet our obligations as a U. These amounts have been ascertained by the management based on their estimates. The subsidiary company has lodged claim and the matter is under arbitration. In the absence of sufficient appropriate audit evidence, we are unable to determine any possible impact thereof on the loss for the year and on the balance of cash and cash equivalent and Borrowed Funds. We have nothing to report in this regard. Accordingly, paragraph 3 xiv of the Order is not applicable to the Company.
The management is of the opinion that based on their analysis of balances and due to various reasons these balances were not payable and hence written back. Under section 3 i of the Act, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
Auditor s report of q star enterprise
However, it has given interest free unsecured loans covered under section of the Companies Act, which is in non-compliance of provisions of section 7. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards. Your auditors from Cruz Electronic products aspire to help you confine any review chance in components misstatement for all the evaluation connected with reports receivable to help you 5 proportion. To that extent loss and reserves are understated and Assets are overstated. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Many clients of the company have en-cashed Bank Guarantee on account of various reasons. We plan to strengthen our finance team with additional qualified personnel and training in US GAAP reporting requirements. Basis for Disclaimer of Opinion 1. Delima Small business Essay or dissertation Small sample. We report that: i. The Company has complied with the provisions of Section of the Act, in respect grant of loans, making investments and providing guarantees and securities, as applicable. And we will develop a comprehensive plan and engage the required resources to further strengthen our internal controls to ensure that we meet our obligations as a U. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the standalone financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error. No formal submission of these claims has been made to clients.
In respect of these loans; a. In our opinion, this periodicity of physical verification is reasonable having regard to the size of the Company and the nature of its assets.
However, future events or conditions may cause the Company to cease to continue as a going concern. The company has not made provision for interest on these dues on account of delay in depositing them. In respect of statutory dues: a. As detailed in Note No. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control thatwe identify during our audit.
Role of an auditor accounting
In respect of inventories, a. Prime Infrapark Private Limited. According to the information and explanations given to us, the title deeds of immovable properties recorded as fixed assets in the books of account are held in the name of the company. In absence of communication with client and proper documentations, we are unable to determine any possible impact thereof on the loss for the year. In our opinion and according to the information and explanations given to us, in respect of loans, investments, guarantees, and security, provisions of section has been complied with. Encik Zayed mainly because typically the Handling Representative and also their better half Puan Hashimah. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the standalone financial statements of the current period and are therefore the key audit matters. We have, however, not made a detailed examination of the records with a view to determine whether they are accurate or complete. Management is of the opinion that these amounts will be recovered in due course from respective parties and there is no need for any provision. We have nothing to report in this regard.
According to the information and explanations given to us, undisputed amounts payable in respect thereof, which were outstanding as at March 31, for a period of more than six months from the date of becoming payable are as follows: Nature of Dues Period to which amount relates Due Date.
based on 89 review