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Old October 9th, 2017, 10:24 AM
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Default Auditors of HDFC Bank

Hi I would like to have the information about the Auditor of HDFC Bank and audited the financial report of HDFC Bank for the year 2016-2017?
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Old October 9th, 2017, 11:24 AM
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Default Re: Auditors of HDFC Bank

Deloitte Haskins & Sells Chartered Accountants (Firm’s Registration No. 117365W) Porus B. Pardiwalla Partner (Membership No. 40005) Mumbai April 21, 2017 are the auditors of HDFC Bank as well as have audited the financial report of HDFC Bank for the year 2016-2017.

Deloitte Haskins and Sells Chartered Accountants have examined the going with independent money related proclamations of HDFC BANK LIMITED, which contain the Balance Sheet as at 31st March, 2017, the Statement of Profit and Loss and the Cash Flow Statement for the year at that point finished, and a rundown of the huge bookkeeping arrangements and other logical data.

Managements Responsibility for the Standalone Financial Statements The Banks Board of Directors is in charge of the issues expressed in Section 134(5) of the Companies Act, 2013 as for the readiness of these independent money related explanations that give a genuine and reasonable perspective of the monetary position, budgetary execution and money streams of the Bank as per the arrangements of Section 29 of the Banking Regulation Act, 1949, bookkeeping standards for the most part acknowledged in India, including the Accounting Standards endorsed under Section 133 of the Act, in so far as pertinent to banks, and the rules issued by the Reserve Bank of India.

This duty additionally incorporates support of sufficient bookkeeping records as per the arrangements of the Act for defending the benefits of the Bank and for avoiding and recognizing fakes and different inconsistencies; determination and use of suitable bookkeeping strategies; making judgments and assessments that are sensible and reasonable; and outline, execution and upkeep of satisfactory interior money related controls, that were working viably to ensure the exactness and culmination of the bookkeeping records, significant to the planning and introduction of the independent monetary proclamations that give a genuine and reasonable view and are free from material misquote, regardless of whether because of extortion or blunder.

Auditors Responsibility

The duty is to express a feeling on these independent monetary articulations in light of our review. In leading the review, it has considered the arrangements of the Act, the bookkeeping and evaluating gauges and matters which are required to be incorporated into the review report under the arrangements of the Act and the Rules made thereunder. It led our review of the independent budgetary explanations as per the Standards on Auditing determined under Section 143(10) of the Act.

Those Standards require that it conform to moral necessities and design and play out the review to get sensible affirmation about whether the independent money related explanations are free from material misquote. A review includes performing strategies to get review prove about the sums and the exposures in the independent money related explanations.

The systems chose rely upon the examiners judgment, including the evaluation of the dangers of material misquote of the independent monetary explanations, regardless of whether because of misrepresentation or mistake. In making those hazard evaluations, the inspector considers inner monetary controls pertinent to the Banks arrangement of the independent budgetary proclamations that give a genuine and reasonable view, with a specific end goal to configuration review systems that are suitable in the conditions.

A review likewise incorporates assessing the propriety of the bookkeeping strategies utilized and the sensibility of the bookkeeping gauges made by the Banks Directors, and assessing the general introduction of the independent money related proclamations.

It trusts that the review confirm acquired by us is adequate and suitable to give a premise to its review supposition on the independent money related articulations. Conclusion In our feeling and to the best of its data and as indicated by the clarifications given to the company, the previously mentioned independent money related explanations give the data required by the Banking Regulation Act, 1949 and the Act in the way so required and give a genuine and reasonable view in similarity with the accounting standards for the most part acknowledged in India, of the situation of the Bank as at 31st March, 2017, and its benefit and its money streams for the year finished on that date.
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