Orind Exports Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:
The Auditors have observed that provision for deferred tax and provision for employees benefits as required in accordance with Accounting Standard 22 and Accounting Standard 15 (Revised) respectively issued by the Institute of Chartered Accountants of India have not been determined and made in the accounts and adjustment for foreign exchange fluctuation, the effect of which is not likely to be material in the opinion of the management has not been carried out. The Auditors have been informed that such provision and adjustment shall be made at the year end.
The Auditors have observed that provision for deferred tax and provision for employees benefits as required in accordance with Accounting Standard 22 and Accounting Standard 15 (Revised) respectively issued by the Institute of Chartered Accountants of India have not been determined and made in the accounts and adjustment for foreign exchange fluctuation, the effect of which is not likely to be material in the opinion of the management has not been carried out. The Auditors have been informed that such provision and adjustment shall be made at the year end.
No comments:
Post a Comment