SHARMA SAURABH & CO.

CHARTERED ACCOUNTANTS

Compilations and Review

Where an audit may not be necessary, we can assist you by performing a review of your financial statements and providing a limited form of assurance as to whether any material modifications should be made to those financial statements for them to be presented in accordance with Accounting Standards or another comprehensive basis of accounting. Based on our knowledge and understanding of your business and industry, we will perform inquiry and analytical procedures to obtain a reasonable basis to express such limited assurance.

A compilation involves assembling data from your records and presenting it in an appropriate financial statement format. For some businesses, this statement is sufficient enough to meet management needs, as well as the needs of certain third parties.

We shall utilize a variety of diagnostic tools, including analytic procedures, inquiries and general miscellaneous analyses of any items which may appear unusual and require explanation.

A review differs significantly from an audit, in which the auditor provides reasonable assurance that the financial statements, taken as a whole, are free of material misstatement. A review does not contemplate obtaining an understanding of the entity’s internal control, assessing fraud risk, tests of accounting records, and other procedures ordinarily performed in an audit.