It is practically not possible to study all aspects of risk management including the risk profile of instruments and processes in their entirety thoroughly during the limited time period of a review. Based on our methodology for conducting analysis/review, we performed an analysis of the instruments/ processes & held discussions with the process owners & other key people in the process which helped us in identifying specific areas where gaps may exist leading to opportunities for improvement.
As it is practically not possible to study all aspects of a process in its entirety thoroughly during the limited time period of an audit/review, consequently the views published on this website may not necessarily comment on all the function / process related matters perceived as important by the management.
The matters raised in this website are primarily those which have been observed during the course of our audit / review and are not necessarily a comprehensive statement of all the weaknesses that exist or all improvements that could be made.
The procedures performed do not constitute an audit, a review, or a compilation of the financial statements or any part thereof, not an examination of management’s assertions concerning the effectiveness of the internal control systems or an examination of compliance with laws or other matters.