To Central Statutory Auditors Bank of Baroda: We Acknowledge That
To Central Statutory Auditors Bank of Baroda: We Acknowledge That
To Central Statutory Auditors Bank of Baroda: We Acknowledge That
Dear Sirs,
This letter is provided in connection with your audit the financial statements of
Bank of Baroda (hereinafter referred to as “the Bank”) for the year ended March 31,
2020 for the purpose of expressing an opinion on whether the financial statements
of the Bank give a true and fair view of the it’s financial position for the year 2019-
20 in accordance with generally accepted accounting principles in India. We
understand that this letter has been requested by you in terms of SA 600 on using
the work of Another Auditor.
We confirm receipt of instructions from the Bank requesting us to perform the work
on the financial statements of Adoni Branch (hereinafter referred to as “the Branch
”) of the Bank for the financial year 2019-20 so that the same are considered for
consolidation. We also confirm receipt of copy of your presentation which was
presented by one of the SCA’s firm at the meeting of the Bank and the Branch
Auditors held during the month of March 2020.
In connection with the work that we will perform on the financial statements of the
Branch, we understand that we need to draw your attention to those matters arising
from our work on the financial statements which we believe you need to be aware of
in your audit of the financial statements of the Bank.
We acknowledge that:
1. The financial statements of the Branch will be included in the financial
statements of the Bank.
2. You intend to use our work for the audit of the financial statements of the Bank
and our report on the financial statements of the Branch will be relied upon
and referred to by you.
3. There were no limitations on the scope of our audit that limits our ability to
provide you with any information that you or the Bank has requested.
We confirm that :
1. The instructions issued by the Bank were clear and there were no ambiguities
and we have complied with such instructions.
2. While auditing the financial statements including various certificates and
returns of the Branch, we have performed audit procedures that an auditor is
required to perform in terms of Guidance Note on Audit of Bank (Edition
Revised 2018) issued by the Institute of Chartered Accountants of India.
Thanking you,
Yours faithfully,
Date: 23-05-2020
Place: Hyderabad