Axis Bank
BSE: 532215 | NSE: AXISBANK | ISIN: INE238A01026 | Banks - Private Sector
- Directors Report
- Chairman's Speech
- Auditors Report
- Notes To Accounts
- Accounting Policy
- Finished Products
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| Auditor's Report | Year End : Mar '09 |
1. We have audited the attached balance sheet of Axis Bank Limited (the Bank) as at 31 March 2009 and also the profit and loss account and cash flow statement for the year ended on that date, annexed thereto. These financial statements are the responsibility of the Banks management. Our responsibility is to express an opinion on these financial statements based on our audit. 2. We conducted our audit in accordance with auditing standards generally accepted in India. Those Standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. 3. The balance sheet and profit and loss account are drawn up in conformity with Forms A and B (revised) of the Third Schedule to the Banking Regulation Act, 1949, read with Section 211 of the Companies Act, 1956. 4. We report that: a) We have obtained all the information and explanations, which to the best of our knowledge and belief were necessary for the purposes of our audit and have found them to be satisfactory; b) In our opinion, the transactions of the Bank which have come to our notice have been within its powers; c) In our opinion, proper books of account as required by law have been kept by the Bank so far as appears from our examination of those books and proper returns adequate for the purposes of our audit have been received from the Banks branches; d) The balance sheet, profit and loss account and cash flow statement dealt with by this report are in agreement with the books of account; e) In our opinion, the balance sheet, profit and loss account and cash flow statement dealt with by this report comply with the accounting standards referred to in sub-section (3C) of Section 211 of the Companies Act, insofar as they apply to banks; f) On the basis of written representations received from the directors, as on 31 March 2009, and taken on record by the Board of Directors, we report that none of the directors is disqualified from being appointed as a director in terms of clause (g) of subsection (1) of Section 274 of the Companies Act, 1956; g) In our opinion and to the best of our information and according to the explanations given to us, the said accounts give the information required by the Companies Act, 1956 in the manner so required for banking companies, and give a true and fair view in conformity with the accounting principles generally accepted in India; i. in case of the balance sheet, of the state of the affairs of the Bank as at 31 March 2009; ii. in case of the profit and loss account, of the profit for the year ended on that date; and iii. in case of cash flow statement, of the cash flows for the year ended on that date. For S.R. Batliboi & Co. Chartered Accountants per Viren H. Mehta Partner Membership No.: 048749 Place: Mumbai Date : 20 April 2009 |
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| Source : Religare Technova | |
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