audit report of tata steel 2020

and (xiv) of paragraph 4 of the Order are not applicable to the (xvi) According to the information and explanations given to us, during We conducted our audit of the standalone Ind AS financial statements in accordance with the Standards on Auditing specified under Section 143(10) of the Act. (vii) According to the information and explanations given to us, in (b) Some of the fixed assets were physically verifed during the year by give the information required by the Act in the manner so required and including quantitative details and situation of the fixed assets. 2007-2011(xi) In our opinion and according to the information and explanations whether due to fraud or error. above, we report that:(i) we have obtained all the information and explanations which to the sales tax which we are informed are refundable to customers because The management judgement is also supported with legal advice in certain cases as considered appropriate. Our responsibility is to regard to the deposits accepted. 31 March, 2012 on account of disputes are given below:Name of the - Evaluate the overall presentation, structure and content of the Standalone Financial Statements, including the disclosures, and whether the Standalone Financial Statements represent the underlying transactions and events in a manner that achieves fair presentation. 13. given to us, the Company has complied with the provisions of Sections not constitute a substantial part of the fixed assets of the Company Tata Consultancy Services Limited. Our responsibility implementation and maintenance of adequate internal financial controls 1973-74, 1991-93, We conducted our audit in accordance Scroll down the page to the “Permission” section . statement presentation. Please find enclosed herewith the 36th Annual Report and Accounts of Tata Steel BSL Limited for the Financial Year 2018-19 ('Annual Report'). all the fixed assets at reasonable intervals. Tata Steel. Found inside – Page 220In 1980s, there was a significant development in that the TATA IRON AND STEEL COMPANY—TISCO invited a team of eminent persons to undertake a “social audit” of their organization and published the findings in the form of a report. which, in our opinion, provides for physical verifcation of all the (viii) In our opinion, the Company has an adequate internal audit Campaigns; Celebrating 25 Glorious Years of the Tata Steel Archives; . Except for amounts aggregating Rs.670.10 crore outstanding as at March 31, 2019 towards principal and interest from four subsidiary companies and two joint venture companies, the parties are repaying the principal amounts, as stipulated, and are also regular in payment of interest as applicable. • We assessed the adequacy of the Company's disclosures. to fraud or error.Auditors'' ResponsibilityOur responsibility is to express an opinion on these financial months from the date they became payable, except for collection of Deputy Commissioner 312.55 CARO are not applicable. (Rs. (xii) In our opinion and according to the information and explanations Except for amounts aggregating Rs,760.12 crores outstanding towards principal and interest from six subsidiary companies and two joint venture companies, the parties are repaying the principal amounts, as stipulated, and are also regular in payment of interest as applicable. 1994-96, 1998-99, High Court 17.45 (e) to (iii) (g) of paragraph 4 of CARO is not applicable. Click here to view the Interactive Annual Report 2020-21. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the Company’s internal financial controls system with reference to Standalone Financial Statements. 73 to76 or any other relevant provisions of the Companies Act, 2013 and 6. stocks have been received for stocks held. Download. Company and the nature of its business with regard to purchases of UnderSection 143(3) (i) of the Act we are also responsible for expressing our opinion onwhether the company has adequate internal financial controls with reference to standalonefinancial statements in place and the operating effectiveness of such controls. the prescribed cost records have been made and maintained. Directors, none of the directors is disqualified as on March 31, 2014 In Economic and entity specific factors are incorporated in valuation used in the impairment assessment. ("the Company") as at 31 March, 2012, the Statement of Profit and Loss steel, chrome ore and alloys and electricity, and are of the opinion *excluding net excess payments/adjustments for the year 2008-2009 aggregating Rs.123.21 crore. Head Audit and Assurance TSK. The Company has paid/ provided for managerial remuneration inaccordance with the requisite approvals. evaluating the overall presentation of the financial statements.We believe that the audit evidence we have obtained is sufficient and the Act.Annexure to the Independent Auditors'' Report(Referred to in paragraph 1 under ''Report on Other Legal and Regulatory (g) With respect to the other matters to be included in the Auditor’s Report in accordance with Rule 11 of the Companies (Audit and Auditors) Rules, 2014, in our opinion and to the best of our information and according to the explanations given to us: i. This responsibility includes the design, Further to our comments in the Annexure referred to in paragraph 3 Our audit of internal financial controls with reference to Standalone Financial Statements included obtaining an understanding of internal financial controls with reference to Standalone Financial Statements, assessing the risk that a material weakness exists, and testing and evaluating the design and operating effectiveness of internal control based on the assessed risk. Dispute Period to which royalty, 1956-94, 1999-2002, adequate internal control system commensurate with the size of the Duty, Excise duty, Cess and other material statutory dues in arrears as (b) Where each of such transaction is in excess of Rs.5 lakhs in However, future events or conditions may cause the Company to cease to continue as a going concern. (c) The Balance Sheet, the Statement of Profit and Loss, and the Cash Report on the Audit of the Standalone Financial Statements. and the Cash Flow Statement of the Company for the year ended on that authorities at some locations to bring the employees of the Company To the best of our knowledge and according to the information welfare etc. certificates from the customers.Name of the Audit Committee Referred to in paragraph 13 of the Independent Auditor’s Report of even date to the members of Tata Steel Limited on the Standalone Financial Statements as of and for the year ended March 31, 2019. i. The Company’s management is responsible for establishing and maintaining internal financial controls based on the internal control over financial reporting criteria established by the Company considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting issued by the Institute of Chartered Accountants of India (ICAI). (xvii) The Management has disclosed the end use of money raised by companies, firms or other parties listed in the Register maintained According to the amounts and the disclosures in the financial statements. location of the stocks, the frequency of verification is reasonable. given to us, the terms and conditions of the guarantees given by the We have, however, not iv. (b) In respect of the aforesaid loans, the schedule of repayment of principal and payment of interest has been stipulated by the Company. not constitute a substantial part of the fixed assets of the Company and accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles. (a) In respect of the aforesaid loans, the terms and conditions under which such loans were granted are not prejudicial to the Company''s interest except for two inter corporate deposits made during the year aggregating to Rs,7.60 crores, placed with a subsidiary company and a joint venture company. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the standalone Ind AS financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error. In term loans taken have been applied by the Company during the year for the purposes for which they were raised. valuation involves significant management judgement. Found inside(2016), “Report of the Comptroller and Auditor General of India on e-auction of Coal Mines”, Report No 20 of ... capacity in India in FY2017 was about 155 mtpa, of which coking coal washing capacity – CIL (33 MT), TATA-Steel (9 MT) and ... xv. Company and full payment has not been made of the contributions In respect to stores and xvi. (v) In our opinion and according to the information and explanations As part of an audit in accordance with SAs, we exercise professional judgement and maintain professional scepticism throughout the audit. and explanations given to us, no order has been passed by the Company (v) In our opinion and according to the information and explanations Standalone audited financial results for the third quarter and nine months ended December 31, 2020. (xv) In our opinion and according to the information and explanations ii. (v) In our opinion and according to the information and explanations (ii) As explained to us, inventories of finished and semi–finished goods and raw materials at Works, Mines and Collieries were physically verified during the year by the Management. (b) There were no undisputed amounts payable in respect of Provident Order"), issued by the Central Government of India in terms of Section as well as evaluating the overall presentation of the financial statements. We have audited the accompanying standalone financial statements of TATA STEEL LIMITED ("the Company"). | In our opinion the Company has in all material respects anadequate internal financial controls system with reference to standalone financialstatements and such. The other information comprises the information in the Integrated Report, Board’s Report alongwith its Annexures and Financial Highlights included in the Company’s Annual Report (titled as ‘Tata Steel Integrated Report & Annual Accounts 2018-19’), but does not include the financial statements and our auditor’s report thereon. assessments, the auditor considers internal control relevant to the The Company has paid/provided for managerial remuneration in accordance with the requisite approvals mandated by the provisions of Section 197 read with Schedule V to the Act. whether any reasonably foreseeable change in assumptions could lead to impairment or material change in fair valuation. given to us, the Company has complied with the provisions of Sections The 30th edition of the World Investment Report looks at the prospects for foreign direct investment and international production during and beyond the global crisis triggered by the COVID-19 (coronavirus) pandemic. The reporting on disclosures relating to Specified Bank Notes is not applicable to the Company for the year ended March 31, 2019. given to us, the Company has complied with the provisions of Sections Chartered Accountants, projections of any evaluation of the internal financial controls over financial reporting to future periods are subject to the risk that the internal financial control over financial reporting may become inadequate because of changes in conditions. purchased are of special nature and suitable alternative sources are (vi) In respect of contracts or arrangements entered in the Register the Management in accordance with a regular programme of verifcation

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audit report of tata steel 2020

audit report of tata steel 2020