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S P C M & Associates Chartered Accountants INDEPENDENT AUDITOR’S REPORT To, The Members of MAHARASHTRA BRIDGE ASSOCIATION We have audited the accompanying financial statements of MAHARASHTRA BRIDGE ASSOCIATION, which comprise of the balance sheet as at 31st March, 2015 and the Income and Expenditure Account for the year ended on that date. Management’s Responsibility for the financial statements The association’s managing committee is responsible for the preparation of these financial statements in accordance with applicable statutes including The Bombay Public Trusts Act , 1950.This responsibility includes design, implementation and maintenance of internal control relevant to the preparation of the financial statements that are free from material misstatement, whether due to fraud or error. Auditor’s Responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with standards of auditing issued by Institute of Chartered Accountant of India. Those standards require that we comply with the ethical requirement and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedure to obtain audit evidence about the amount and disclosures in the financial statements. The procedure selected depends on the auditor’s judgment, including the assessment of risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessment, the auditor considers internal control relevant to the trusts preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances. An audit also include evaluating the appropriateness of accounting policies used and the reasonableness of the accounting estimates made by the management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Basis for Qualified Opinion The transaction/balances in respect of following accounts have been debited to profit and loss account as the following accounts have been eliminated: Particulars 1) 2) 3) 4) Bank of India – Pune Bank of India – Thane Dena Bank –Thane Interest Accrued and due Balance as per Last Balance Sheet Rs. 25/Rs. 677.62/Rs.781/Rs. 5854/- Qualified Opinion In our opinion and to the best of our information and accounting to the explanations given to us, except the effects of the matters described in the “Basis for Qualified Opinion” paragraph, the financial statements of MAHARASHTRA BRIDGE ASSOCIATION for the year ended 31st March, 2015 are prepared , in all material respects, in accordance with applicable statutes including The Bombay Public Trusts Act, 1950. Other Reporting Responsibility Our reports on the matter required to be reported by the The Bombay Public Trusts Act, 1950 and the rules there under is attached at Annexure A. For SPCM & Associates Chartered Accountants ICAI FRN No. 112165W CA Pradeep Katariya Partner Memb No. 038607 Place: Pune Date: 02/09/2015