Andhra Bank has informed that in the limited review report of the Bank for the quarter ended June 30, 2007, the auditors of the Bank have made the following observations:
Non-provision of the liability for Employees Benefits in accordance with the Accounting Standard (AS - 15) (Revised 2005) issued by ICAI (as mentioned at note 7) and its consequential impact on the profit, the reserves and the capital adequacy ratio which has not been ascertained.
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