ANNUAL REPORT OF INFOSYS 2007-08 PDF

Infosys investors can now download the company’s financial filings from till present. Access PDFs of annual reports, quarterly reports and Form Fs. , First Quarter Report · Second Quarter Report · Third Quarter Report. Awards for Excellence Annexure to the directors’ report Auditors’ report Consolidated financial statement Corporate governance report. Annual Report – New Game. New Rules. “One cannot manage change. One can only be ahead of it.” – Peter Drucker. In the cacophony of our.

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Our audit involves performing procedures to obtain audit evidence about the adequacy of the internal financial controls system over financial reporting and their operating effectiveness. In our opinion and according to the information and explanations given to us, the Company has complied with the provisions of Sections and of the Act in respect of grant of loans, making investments and providing guarantees and securities, as applicable.

Thus reporting under Clause 3 vi of the order is not applicable to the Company. The Company has maintained proper records showing full particulars, including quantitative details and situation of fixed assets.

Thus reporting under Clause 3 vi of the order is not applicable to the Company vii.

Because of the inherent limitations of internal financial controls over financial reporting, including the possibility of collusion or improper management override of controls, material misstatements due to error or fraud may occur and not be detected. The Company has a program of verification to cover all the or of fixed assets in a phased manner which, in our opinion, is reasonable having regard to the size of the Company and the nature of its assets.

The Company is not a nidhi company and hence, reporting under Clause 3 xii of the Order is not applicable to the Company. We conducted our audit of the standalone financial statements in accordance with the Standards on Auditing specified under Section 10 of the Act. According to the information and explanations given to us, the records examined by us and based on the examination of the conveyance deeds provided to repoort, we report that, the title deeds, comprising all the immovable properties of land and buildings which are freehold, are held in the name of the Company as at the Balance Sheet date.

Quick Links for infosys. Ben g aluru partner. Hence reporting under Clause 3 viii of the Order is not applicable to the Company. Y to F. 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 financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.

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Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol. During the year, the Company has not made any preferential allotment or private placement infosyys shares or fully or partly paid convertible debentures and hence, reporting under Clause 3 xiv of the Order is not applicable to the Company xv.

These responsibilities include the design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the orderly and efficient conduct of its business, the safeguarding of its assets, the prevention and detection of frauds and errors, the accuracy and completeness of the accounting records, and the timely preparation of reliable financial information, as required under the Companies Act, Management”s Responsibility for Internal Financial Controls The Board of Directors of the Company 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.

The schedule of repayment of principal and payment of interest has been stipulated and repayments or receipts of principal amounts and interest have been inflsys as per stipulations. There has been no delay in transferring amounts, required to be transferred, to the Investor Education and Protection Fund by ifnosys Company.

An audit involves performing procedures to obtain audit evidence about the amounts and the disclosures in the standalone financial statements.

Ramesh Ben g aluru partner April 13, Membership number: During the year, the Company has not made any preferential allotment or private placement of shares or fully or partly paid convertible debentures and hence, reporting under Clause 3 xiv of the Order is not applicable to the Company.

Also, 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, or that the degree of compliance with the policies or procedures may deteriorate. In our opinion and according to the information and explanations given to us, during the year the Company has not entered into any non-cash transactions with its directors or persons connected to its directors and hence provisions of Section of the Companies Act, are not applicable to the Company xvi.

In conducting our audit, we have taken into account the provisions of the Act, the accounting and auditing standards and matters which are required to be included in the audit report under the provisions of the Act and the Rules made there under and the Order issued under Section 11 of the Act.

Annual Report 2007-08

The Company is not a nidhi company and hence, reporting under Clause 3 xii of the Order is not applicable to the Company xiii. Auditors” Responsibility Our annuwl is to express an opinion on these standalone financial statements based on our audit. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our audit opinion on the standalone financial statements.

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The maintenance of cost records has not been specified by the Central Government under Section 1 of the Companies Act, for the business activities carried out by the Company. The Company has not raised moneys by way of initial public offer or further public offer including debt instruments or term loans and hence reporting under Clause 3 ix of the Order is not applicable to the Company. Our audit of internal financial controls over financial reporting included obtaining an understanding of internal financial controls over financial reporting, 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.

Quarterly & Annual Reports

Our responsibility is to express an opinion on the internal financial controls over financial reporting of the Company based on our audit. According to the information and explanations given to us, the Company has granted unsecured loans to three bodies corporate, covered in the register maintained 2070-08 Section of the Companies Act,in respect of which:.

According to the information and explanations given to us, in respect lf statutory dues: Accordingly, reporting under Clause 3 ii of the Order is not applicable to the Company. Opinion In our opinion, to the best of our information and according to the explanations given to us, the Company has, in all material respects, an adequate internal financial controls system anunal financial reporting and such internal financial controls over financial reporting were operating effectively as at March 31,based on the internal control over financial reporting criteria annal 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.

The Company is in the business of providing software services and does not have any physical inventories.

Infosys Ltd – Annual Report | UN Global Compact

The Company has not taken any loans or borrowings from financial institutions, banks and government or has not issued any debentures. Dion Global Solutions Limited.

Limitations of Internal Financial Controls over Financial Reporting Because of the inherent limitations of internal financial controls over financial reporting, including the possibility of collusion or improper management override of annua, material misstatements due to error or fraud may occur and not be detected.

According to the information and explanations given to us, the Company has granted unsecured loans to three bodies corporate, covered in the register maintained under Section of the Companies Act,in respect of which: