&lt;p class=&quot;MsoNormal&quot; style=&quot;margin-bottom:10.0pt;line-height:115%;mso-pagination:
none;mso-layout-grid-align:none;text-autospace:none&quot;&gt;&lt;span lang=&quot;EN&quot;&gt;Our approach towards any assignment is based on
the following steps :&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;margin-bottom:10.0pt;line-height:115%;mso-pagination:
none;mso-layout-grid-align:none;text-autospace:none&quot;&gt;&lt;span lang=&quot;EN&quot;&gt;&amp;nbsp;&lt;/span&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;margin-bottom:10.0pt;line-height:115%;mso-pagination:
none;mso-layout-grid-align:none;text-autospace:none&quot;&gt;&lt;span lang=&quot;EN&quot;&gt;&amp;nbsp;Understand
the client and fill up the &quot;Know Your Client&quot; [KYC] form.&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;margin-bottom:10.0pt;line-height:115%;mso-pagination:
none;mso-layout-grid-align:none;text-autospace:none&quot;&gt;&lt;span lang=&quot;EN&quot;&gt;&amp;nbsp;&lt;/span&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;margin-bottom:10.0pt;line-height:115%;mso-pagination:
none;mso-layout-grid-align:none;text-autospace:none&quot;&gt;&lt;span lang=&quot;EN&quot;&gt;Understand the industry in which the client is&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;margin-bottom:10.0pt;line-height:115%;mso-pagination:
none;mso-layout-grid-align:none;text-autospace:none&quot;&gt;&lt;span lang=&quot;EN&quot;&gt;&amp;nbsp;&lt;/span&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;margin-bottom:10.0pt;line-height:115%;mso-pagination:
none;mso-layout-grid-align:none;text-autospace:none&quot;&gt;&lt;span lang=&quot;EN&quot;&gt;Understand the local laws, rules and regulation
in which the client operates&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;margin-bottom:10.0pt;line-height:115%;mso-pagination:
none;mso-layout-grid-align:none;text-autospace:none&quot;&gt;&lt;span lang=&quot;EN&quot;&gt;&amp;nbsp;&lt;/span&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;margin-bottom:10.0pt;line-height:115%;mso-pagination:
none;mso-layout-grid-align:none;text-autospace:none&quot;&gt;&lt;span lang=&quot;EN&quot;&gt;Plan the assignment&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;margin-bottom:10.0pt;line-height:115%;mso-pagination:
none;mso-layout-grid-align:none;text-autospace:none&quot;&gt;&lt;span lang=&quot;EN&quot;&gt;&amp;nbsp;&lt;/span&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;margin-bottom:10.0pt;line-height:115%;mso-pagination:
none;mso-layout-grid-align:none;text-autospace:none&quot;&gt;&lt;span lang=&quot;EN&quot;&gt;Prepare templates for requirements and issue the
list of requirements to the clients, in advance&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;margin-bottom:10.0pt;line-height:115%;mso-pagination:
none;mso-layout-grid-align:none;text-autospace:none&quot;&gt;&lt;span lang=&quot;EN&quot;&gt;&amp;nbsp;&lt;/span&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;margin-bottom:10.0pt;line-height:115%;mso-pagination:
none;mso-layout-grid-align:none;text-autospace:none&quot;&gt;&lt;span lang=&quot;EN&quot;&gt;Request for third party confirmation / external
evidences, directly, from the client company\'s&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;margin-bottom:10.0pt;line-height:115%;mso-pagination:
none;mso-layout-grid-align:none;text-autospace:none&quot;&gt;&lt;span lang=&quot;EN&quot;&gt;&amp;nbsp;&lt;/span&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;margin-bottom:10.0pt;line-height:115%;mso-pagination:
none;mso-layout-grid-align:none;text-autospace:none&quot;&gt;&lt;span lang=&quot;EN&quot;&gt;•Trade debtors,&amp;nbsp;
Trade creditors,&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;margin-bottom:10.0pt;line-height:115%;mso-pagination:
none;mso-layout-grid-align:none;text-autospace:none&quot;&gt;&lt;span lang=&quot;EN&quot;&gt;•Bankers,&amp;nbsp;
Lawyers,&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;margin-bottom:10.0pt;line-height:115%;mso-pagination:
none;mso-layout-grid-align:none;text-autospace:none&quot;&gt;&lt;span lang=&quot;EN&quot;&gt;•Staff / key personnel&amp;nbsp; Shareholders, investors, etc.&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;margin-bottom:10.0pt;line-height:115%;mso-pagination:
none;mso-layout-grid-align:none;text-autospace:none&quot;&gt;&lt;span lang=&quot;EN&quot;&gt;•Associate companies / related parties / business
associates&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;margin-bottom:10.0pt;line-height:115%;mso-pagination:
none;mso-layout-grid-align:none;text-autospace:none&quot;&gt;&lt;span lang=&quot;EN&quot;&gt;•Determine the audit risks&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;margin-bottom:10.0pt;line-height:115%;mso-pagination:
none;mso-layout-grid-align:none;text-autospace:none&quot;&gt;&lt;span lang=&quot;EN&quot;&gt;•Issue letter of engagement&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;margin-bottom:10.0pt;line-height:115%;mso-pagination:
none;mso-layout-grid-align:none;text-autospace:none&quot;&gt;&lt;span lang=&quot;EN&quot;&gt;•Perform the assignment&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;margin-bottom:10.0pt;line-height:115%;mso-pagination:
none;mso-layout-grid-align:none;text-autospace:none&quot;&gt;&lt;span lang=&quot;EN&quot;&gt;Our audit is planned and performed in accordance
with the International Standards on Auditing.&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;margin-bottom:10.0pt;line-height:115%;mso-pagination:
none;mso-layout-grid-align:none;text-autospace:none&quot;&gt;&lt;span lang=&quot;EN&quot;&gt;&amp;nbsp;&lt;/span&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;margin-bottom:10.0pt;line-height:115%;mso-pagination:
none;mso-layout-grid-align:none;text-autospace:none&quot;&gt;&lt;span lang=&quot;EN&quot;&gt;Those standards require that the audit comply
with ethical requirements and plan and perform the audit to obtain reasonable
assurance whether the financial statements are free from material misstatement.&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;margin-bottom:10.0pt;line-height:115%;mso-pagination:
none;mso-layout-grid-align:none;text-autospace:none&quot;&gt;&lt;span lang=&quot;EN&quot;&gt;&amp;nbsp;&lt;/span&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;margin-bottom:10.0pt;line-height:115%;mso-pagination:
none;mso-layout-grid-align:none;text-autospace:none&quot;&gt;&lt;span lang=&quot;EN&quot;&gt;An audit involves performing procedures to obtain
audit evidence about the amounts and disclosures in the financial statements.&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;margin-bottom:10.0pt;line-height:115%;mso-pagination:
none;mso-layout-grid-align:none;text-autospace:none&quot;&gt;&lt;span lang=&quot;EN&quot;&gt;&amp;nbsp;&lt;/span&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;margin-bottom:10.0pt;line-height:115%;mso-pagination:
none;mso-layout-grid-align:none;text-autospace:none&quot;&gt;&lt;span lang=&quot;EN&quot;&gt;The procedures selected depend on the auditor
team\'s judgment, including the assessment of the risk of material misstatement
of the financial statements, whether due to fraud or error. In making those
risk assessments, the auditor consider internal control relevant to the
company\'s preparation and fair presentation of the financial statements in
order to design audit procedures that are appropriate in the circumstances, but
not for the purpose of expressing an opinion on the effectiveness of the
company\'s internal control.&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;margin-bottom:10.0pt;line-height:115%;mso-pagination:
none;mso-layout-grid-align:none;text-autospace:none&quot;&gt;&lt;span lang=&quot;EN&quot;&gt;&amp;nbsp;&lt;/span&gt;&lt;/p&gt;&lt;p style=&quot;margin-top: 2.88pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in; direction: ltr; unicode-bidi: embed; word-break: normal;&quot;&gt;

























































&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;margin-bottom:10.0pt;line-height:115%;mso-pagination:
none;mso-layout-grid-align:none;text-autospace:none&quot;&gt;&lt;span lang=&quot;EN&quot;&gt;An audit also includes evaluating the
appropriateness of accounting policies used and the reasonableness of
accounting estimates made by the management, as well as evaluating the overall
presentation of the financial statements.&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;