Page 139 - report_2012_13-1
P. 139
Annexure
1. Adequacy of internal audit system
The internal audit was conducted upto 2012-13 by Chartered Accountant and found to be adequate.
2. Adequacy of internal control system
Adequate internal control system was in place for areas seen by audit.
3. System of physical verification of fixed assets
The physical verification of fixed assets had been conducted during 2012-13 and no discrepancy was
noticed.
4. System of physical verification of inventory
The physical verification of inventory had been conducted upto 2012-13 and no discrepancy was
noticed.
5. Regularity in payment of statutory dues
As per accounts, no payments over six months in respect of statutory dues were outstanding as on
31.3.2013.
