Marico Bangladesh Limited

Components YES/NO Comment

TITLE
Does the report Yes Marico Bangladesh Limited contains
contain a title? a title in the Auditors Report

Does it state-- Yes In the audit report of Marico

independent auditors Ltd. there is a headline like
report this:

Independent auditors
report

ADDRESSEE
Is it addressed to the Yes It is stated that this way,
appropriate
To the Share Holders of Marico
addressee?
Bangladesh Limited.
(for example
shareholders)

Introductory paragraph
Is the entitys name Yes Marico Bangladesh Limited
present?

Does it state that Yes

the financial
statements have
been audited?
Does it identify each Yes Consolidated Statement of
 of the financial Financial Position.
statements? Consolidated Statement of
Profit or Loss.
Consolidated Statement of

Comprehensive Income.
Consolidated Statement of

Changes in Equity.
Consolidated Statement of
Cash flows.
Does it refer to a Yes It refers to a summary of the
summary of the significant accounting policies
significant and other explanatory notes and
accounting policies all related financial statements.
and other
explanatory
information?
Does it specify the Yes Its specified date was 31st March,
date or period 2015.
covered by the
financial
statements?

Components YES/NO Comment

MANAGEMENTS
RESPONSIBILITY
PARAGRAPH
Does the report Yes The Auditors Report of
include a section with Marico Bangladesh
the heading Limited has a section of
Managements Managements
Responsibility for the Responsibility for the
financial statements? Financial Statement.
Does the audit report Yes Management is
describe responsible for the
managements preparation and fair
responsibility for the presentation of these
preparation of financial statements in
financial statements in accordance with
accordance with Bangladesh Financial
financial reporting
Reporting Standards
framework?
(BFRSs).

Does this section state Yes Management determines

the other
responsibilities of
management with
respect to financial
statement preparation,
internal control,
accounting principles
and policies?
necessary to enable the
preparation of financial
statements that are free
from material
misstatement whether due
to fraud or error
 Components Yes/No COMMENT

AUDITORS
RESPONSIBILITY
PARAGRAPH
Does the report Yes The Auditors Report
include a section with includes a section with the
heading Auditors heading-Auditors
Responsibility for the Responsibility
financial statements?
Does the auditors report Yes It states that :
state that the responsibility
Our responsibility is to
of the auditor is to express
express an opinion on
an opinion on the financial
these financial statements
statements based on the
based on our audit.
audit?
Does the auditors report Yes We conducted our audit
state that the audit has been in accordance with
conducted in accordance Bangladesh Standards on
with Bangladesh Standards
on Auditing?
Does the report state that
whether the auditor believes
that the audit evidence the
auditor has obtained is
sufficient and appropriate
to provide a basis for the
auditors opinion?
Does the report state any
reference to audit
procedures, inherent
limitation of the audit
reasonable assurance etc.?
Components YES/NO
AUDITORS OPINION
PARAGRAPH
Does the Auditor's Yes
Auditing (BSAs). Those
standards require that we
comply with ethical
requirements and plan and
perform the audit to
obtain reasonable
assurance about whether
the financial statements
are free from material
misstatement.
Yes It states that we have
obtained all the
information and
explanations which to the
best of our knowledge
and belief were necessary
for the purpose of our
audit and made due
verification
COMMENT
It includes a section with the
 Report include a heading Opinion.
section with the
heading
"Opinion"?

Type of Opinion CHEC COMMENT

K
BOX
MODIFIED OPINION

UNMODIFIED

OPINION

Criteria for auditors opinion COMMENT

to be recognized as YES/NO
UNMODIFIED OPINION
1.Does Auditor's Opinion Yes The Opinion
section use the phrase Section uses the
phrase present
present fairly, in all
fairly, in all
material respects or give a
material
true and fair view in case of respects.
unmodified opinion?
2.Does the auditor's opinion No It does not
identify the jurisdiction of identify the
origin of the framework in jurisdiction as
the financial
case of not following BFRS
statements are
or IPSAS?
prepared in
accorddance
with Bangladesh
Financial
Reporting
Standards(BFRS
s).

OTHER REPORTING YES/NO COMMENT

RESPONSIBILITIES
Do the Auditors have any Yes The report
states some
additional responsibility
additional
than the Auditor's responsibility
responsibility? other than the
Auditors
responsibility.

(If yes) Are these other Yes The

reporting responsibilities responsibilities
are stated in a
are included in a separate
separate
section named 'Report on
section under a
Other Legal and named Report
Regulatory Requirements? on Other Legal
and Regulatory
Requirement.
 Type of opinion YES/N COMMENT
O

Modified Opinion
Qualified Opinion

Adverse Opinion

Disclaimer Opinion

Criteria for Identifying whether the modified opinion is

qualified, adverse or disclaimer opinion:

Criteria for auditors YES/ COMMENT

opinion to be recognized NO
as QUALIFIED OPINION
Is the opinion expressed by using the phrase -------
except for?
Does the auditor conclude that
misstatements or undetected misstatements
in the financial statements are material but --------
not pervasive?

Criteria for auditors opinion to YES/NO

be recognized as ADVERSE COMMENT
OPINION
Does the auditor concludes -------
detected or undetected
misstatements in the financial
statements are both material
and pervasive?

Criteria for auditors opinion COMMENT

to be recognized as YES/N
DISCLAIMER OPINION O
Does the auditor conclude detected or
undetected misstatements in the financial
statements? --------
Does the report avoid expressing an --------
opinion?

BASIS FOR MODIFIED OPINION

(Should be included before modified opinion paragraph)

IN RELATION TO:
Qualified opinion
Adverse opinion
Disclaimer opinion

Emphasis of Matter
Paragraph
Contents Audit Yes/No Comment
questions
Para-6 1. What is the The auditor considers
reason for necessary to draw
emphasis of users attention to a
matter matter presented or
paragraph? disclosed in the
financial statements
that is fundamental to
users understanding
of financial
statements.
2. Does the It does not contain
report contain any emphasis of
the emphasis No matter paragraph.
of matter
paragraph?
3. Does the
matters of the
emphasis of
matter
------
paragraph in
the auditors
report
materially
misstated in
the financial
statements?
4. Does the
emphasis of
 the matter
paragraph
include the ------
information
presented in
financial
statements?
5. Does the
paragraph
mention that
emphasis of
------
matter doesnt
mean
modification?

Components YES/ COMMENT

NO

SIGNATURE OF THE
AUDITOR
 Does the report Yes It contains the signature of the
contain name of auditor and the name of the audit
the firm and firm is:
signature of the
A Qasem & Co.
auditor?
Some of the
important dates
Financial From 1 April 2014 to 31
period March,2015

Audit report April 22, 2015

date
Audit report
deadline July 29, 2015

Annual report April 2014 to March 2016

date
AUDITORS
ADDRESS
Is the location in the Yes In Dhaka, the auditor practices.
jurisdiction where the
auditor practices
mentioned in the audit
report?