CARO 2020: Point 14 (Internal Audit System)

(a) Whether the company has an internal audit system commensurate with the size and nature of its business

(b) Whether the reports of the Internal Auditors for the period under audit were considered by the statutory auditor

• The Company has an internal audit system commensurate with the size and nature of its business.
• The internal audit reports of the Company issued till the date of the audit report, for the period under audit have been considered by us.

• In our opinion and based on our examination, the Company has an adequate internal audit system commensurate with the size and the nature of its business.
• We have considered the internal audit reports of the company, for the year under audit, issued till the date of this audit report.   

• In our opinion the Company has an adequate internal audit system commensurate with the size and the nature of its business.
• We have considered, the internal audit reports issued to the Company during the year and covering the period upto March 2022.

• Based on information and explanations provided to us and our audit procedures, in our opinion, the Company has an internal audit system commensurate with the size and nature of its business.
• We have considered the internal audit reports of the Company issued till date for the period under audit.

• In our opinion the Company has an adequate internal audit system commensurate with the size and the nature of its business.
• We have considered, the internal audit reports issued to the Company during the year and covering the period up to December 2021 and the final internal audit report where issued after the balance sheet date covering the period January 2022 to March 2022 for the period under audit.

• In our opinion the Company has an adequate internal audit system commensurate with the size and the nature of its business.
• We have considered, the internal audit reports for the year under audit, issued to the Company during the year and till date, in determining the nature, timing and extent of our audit procedures.

• In our opinion and according to the information and explanations given to us, the Company has an adequate internal audit system commensurate with the size and nature of its business.
• We have considered the internal audit reports for the year under audit issued to the Company during the year and till date, in determining nature, timing and extent of our audit procedure.

• In our opinion the Company has an adequate internal audit system commensurate with the size and the nature of its business.
• We have considered, the internal audit reports for the year under audit, issued to the Company, in determining the nature, timing and extent of our audit procedures.

• Based on information and explanations provided to us and our audit procedures, in our opinion, the Company has an internal audit system commensurate with the size and nature of its business. 
• We have considered the internal audit reports of the Company issued till date for the period under audit.

• In our opinion the Company has an adequate internal audit system commensurate with the size and the nature of its business.
• We have considered, the internal audit reports for the year under audit, issued to the Company during the year and till date, in determining the nature, timing and extent of our audit procedures.

• Based on information and explanations provided to us and our audit procedures, in our opinion, the Company has an internal audit system commensurate with the size and nature of its business.
• We have considered the internal audit reports of the Company issued till date for the period under audit.

• Based on information and explanations provided to us and our audit procedures, in our opinion, the Company has an internal audit system commensurate with the size and nature of its business.
• We have considered the internal audit reports of the Company issued till date for the period under audit.