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Auditor's Report: To The Shareholders of R. S. Agro & Fertilizer Chemical Industries LTD | PDF | Financial Audit | Audit
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Auditor's Report: To The Shareholders of R. S. Agro & Fertilizer Chemical Industries LTD

This auditor's report summarizes the audit of the financial statements of R. S. Agro & Fertilizer Chemical Industries Ltd. for the year ended 30 June 2008. The auditor expresses the opinion that the financial statements present a true and fair view of the company's financial position, performance, and cash flows in accordance with applicable financial reporting and regulatory standards. The auditor also confirms that the examination was sufficient to form this opinion, that management has maintained proper records and books, and that expenditures were for legitimate business purposes.

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140 views2 pages

Auditor's Report: To The Shareholders of R. S. Agro & Fertilizer Chemical Industries LTD

This auditor's report summarizes the audit of the financial statements of R. S. Agro & Fertilizer Chemical Industries Ltd. for the year ended 30 June 2008. The auditor expresses the opinion that the financial statements present a true and fair view of the company's financial position, performance, and cash flows in accordance with applicable financial reporting and regulatory standards. The auditor also confirms that the examination was sufficient to form this opinion, that management has maintained proper records and books, and that expenditures were for legitimate business purposes.

Uploaded by

Arman Hossain Warsi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Auditor’s Report

To the Shareholders of R. S. Agro & Fertilizer Chemical Industries Ltd.

We have audited the accompanying financial statements of R. S. Agro & Fertilizer Chemical
Industries Ltd. which comprise the statement of financial position as of 30 June 2008, statement
of comprehensive income, statement of changes in equity and statement of cash flows for the
year then ended, and a summary of significant accounting policies and other explanatory
information.

Management Responsibilities for the Financial Statements

Management is responsible for the preparation and fair presentation of these financial
statements in accordance with Bangladesh Financial Reporting Standards as well as Bangladesh
Accounting Standards where applicable, and for such internal control as management determines
is necessary to enable the preparation of financial statements that are free from material
misstatement, whether due to fraud or error.

Auditor’s Responsibility

Our responsibility is to express an opinion on these financial statements based on our audit. We
conducted our audit in accordance with Bangladesh Standards on Auditing. Those standards
require that we comply with ethical requirements plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free from material
misstatement. An audit involves performing procedures to obtain audit evidence about the
amounts and disclosures in the financial statements. The procedures selected depend on the
auditor’s judgment including the assessment of the risks of material misstatement of the
financial statements, whether due to fraud or error. In making those risk assessments, the
auditor considers internal control relevant to the entity’s preparation and fair presentation of the
financial statements in order to design audit procedures that are appropriate in the
circumstances, but not for the purpose of expressing an opinion on the effectiveness of the
entity’s internal control. An audit also includes evaluating the appropriateness of accounting
policies used and the reasonableness of accounting estimates made by management, as well as
evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a
basis for our audit opinion.

Opinion

In our opinion, the financial statements give a true and fair view of the financial position of R. S.
Agro & Fertilizer Chemical Industries Ltd. as of 30 June 2008, and its financial performance and
its cash flows for the year then ended in accordance with Bangladesh Financial Reporting
Standards and comply with the Companies Act 1994, Securities and Exchange Rules 1987 and
other applicable laws and regulations.
We also report that:

a) our examination and checking of records, relevant books of accounts, registers,


schedules and financial statements were sufficient to enable us to form an informed and
assessed opinion on the authenticity and accuracy of the financial statements;

b) we have obtained all the information, explanations and documents as required by us;

c) the company’s management has followed relevant provisions of laws and rules in
managing the affairs of the company. Proper books of accounts, records and other
statutory books have been properly maintained;

d) the statement of financial position and comprehensive income are in agreement with the
said books of account maintained by the company and examined by us; and

e) the expenditure incurred and payments made were for the purpose of the company’s
business for the year.

Dhaka, ACNABIN
13 May 2012 Chartered Accountants

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