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INFY » Topics » AUDITORS REPORT TO THE MEMBERS OF INFOSYS TECHNOLOGIES LIMITED

This excerpt taken from the INFY 6-K filed Jan 18, 2005.

AUDITORS’ REPORT TO THE MEMBERS OF INFOSYS TECHNOLOGIES LIMITED

 

We have audited the attached Balance Sheet of Infosys Technologies Limited (the Company) as at 31 December 2004, the Profit and Loss Account and Cash Flow Statement of the Company for the quarter and nine months ended on that date, annexed thereto. These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these financial statements based on our audit.

 

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.

 

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;

 

(b) in our opinion, proper books of account have been kept by the Company so far as appears from our examination of those books;

 

(c) the Balance Sheet, the Profit and Loss Account and the Cash Flow Statement dealt with by this report are in agreement with the books of account;

 

(d) in our opinion, the Balance Sheet, the Profit and Loss Account and the Cash Flow Statement dealt with by this report comply with the Accounting Standards issued by the Institute of Chartered Accountants of India, to the extent applicable; and

 

(e) in our opinion and to the best of our information and according to the explanations given to us, the said accounts give a true and fair view in conformity with the accounting principles generally accepted in India:

 

  (i) in the case of the Balance Sheet, of the state of affairs of the Company as at 31 December 2004;

 

  (ii) in the case of the Profit and Loss Account, of the profit of the Company for the quarter and nine months ended on that date; and

 

  (iii) in the case of the Cash Flow Statement, of the cash flows of the Company for the quarter and nine months ended on that date.

 

for BSR & Co

(formerly Bharat S Raut & Co.)

Chartered Accountants

 

Subramanian Suresh

Partner

Membership No. 83673

 

Bangalore

12 January 2005

 

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