Andhra Bank has informed that in the limited review report of the Bank for the quarter ended December 31, 2007, the Auditors of the Bank have made the following observations:
Effect of the non-provision of the liability for Employees Benefits in accordance with the Accounting Standard (AS - 15) (Revised 2005) issued by Institute of Chartered Accountants of India (as mentioned at Note 7) and its consequential impact on the profit, the reserves and the capital adequacy ratio which has not been ascertained..
Effect of the non-provision of the liability for Employees Benefits in accordance with the Accounting Standard (AS - 15) (Revised 2005) issued by Institute of Chartered Accountants of India (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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