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FR
AMEER Of K
CELIDAE Financial
STATEMENTS
Consolidated Balance Sheet
It includes I consolidated Profit Lass St
Consolidated cash St
consolidated
flow
statement
of
changes in Equity
 farpmpofcrimmper
Di E Diven
g Indian
Accounting As Based
Standard Based
INDI
Aspeesection
parent
any its Standalone fin sets
company along
with
Parent's
off shall also prepare
Consolidated financial
out Insolidated
statement of its Components
As As of its
Amponents
A Sfs
Essonnes itslament
of
Section 12acal It provides that the preparation
AdoptingAudit lesof
stand alone AS ofa holding co
also applies to CES
 In the A 1 Parent co
of bgfwwgppnowdtdo.fm

Sff Ifs Ifs Lais

Shall
have
to
so sof
of of 9 present
Parent group Components
components
as well its
gdagteps.TV
AGM
the the same
Attach such
4 AOC 1 along
f s in
with its EI
ExemptionfhomConsoubationmmunte

n
In case of Posa
In case of WIS
partially
Lowsmissimaryl
woqwo.ie J
SUBSIDIARY
conditions
__t
In India
7 Neither heisted outside India Saine
nah
in the process
of heating
27 The Immediate Parent
co is Located in India
of prepared Cfs 4 filed Sang
with Roc as pee
Applicable
Compliance
of
Accounting Standards
37 It must have Intimated
its 0thee Menelsees I'm
waiting 4 having
Evidenceof
proof1
such Intimation
L
That they don't have
objection if co
CG also doesn't presentConsolid
NII r
may
Soo Moto Coe ated FI
on Application
can grant Exemption

Definitions CImpeutautfae Auditof CFD

AspeeAI Aspee Iaions

N out Associate
in which Investor
has significant same
Influence
Neither Sub nor J

Control
Cant
either Directly or

one when Investor

Indirectly
man than 50 has over
nights
Investec has ability
of votingnights
effect the returns
to
Control one through its power
man over

them an Investee
halfof
Compositionof theft
Joint Conte JI 5.471
A venture where 2 man
have
parties will same
control over Economic
as
Activity per
Contractual Agreement
 I Netuesuets
Iaulagllingtuleed
Partof

amid.IT inaityinsassiaay
attributable to suchattributable
to its
not

parents
owned controlled by
parent
Subsidiary an
entity same
controlled by a

parent

Parent's RESENSIBITY Pup Presentation

off
Parent's
Cfs is up
other than that below
toll are

the

obtainingGolidation
Identifying Identifying
its
Identify
its its Convee
Related Accurate Adjustments sin
Components repeatable
Glinda Paties Complete
of
their fin
Segment GAAP
RP Tan Fin Info
Info in its
of Harmonization
Cfs components
Actuating
 policies

Auditor's Responsibilities

A Auditaisobped
Ats

Tocheck To repeat
ensued
whether Express
that on matters
CFS are an
opinion matters Guinea
apes on TEFof V14 Us
AFRF are Enquired 14313
Cfs
B
SAlatment Complianan

SABI t
plan his Audit weak of CFS
to Carry out Cfs Audit
II Timely Efficiently Effectively

ICSID To obtain understanding about

Ids of entity
I Tsystems
toplan his Audit
Meof
 procedures

To use his Professional judgment

Igntulation
Audit procedures in Such
Draft
isms

Assessment
Risk procedures to Lowest Acceptable Level

CoE To ensure that Cfs are

being
as sts
prepared per of Parent
its Components Complying
Same

AFROS

Other Auditor's To that Need

ensure
if
wall arises CFS Auditor
may
use weak Another
of
Auditor in Case he is not
the Same Auditor of other
components

he Can't
SAE If
He 8
may
 O
Audit

Compliance d
ofSA 600 No Needto
comply
SA 600

shall obtain MRL from

Steffy
t
Parent's Agt TCWG
stating that
CFS prepared as
are
per
AFRA
They approve Cfs ai take
deep of its preparation
They considered all matters
which are material for
Cfs preparation

SA
3ft white doing Sfs Audit
Audit Shall be consider
Materiality Materiality
ed separate for all
components
d
E But while Doing CFS
a
O Audit following are the
Considerations

Separately Compute Materiality

the as a what
for group
The above computed Materiality
Shall be used to Assess
Consolidate
Appropriateness
of Adjustmud

As being the ComponentAuditors

already have Computed
they
Considered Materiality on

their own in their thed Resew

The CFS Auditor shall ensure

Impede to include the Matney

of
pact
that Considerations
of component
Auditor Andreas it is in CRI
as
Mand FIeptanasew
Componentnot
 0
9 tape 1 D.tl
to
which might Not be
laundered by Fsof
different Cawponent

L
Harmonization
confTackitt
Weeden
Aeusolidation Subsequent
u

enacts
ofAlec of Ady
1
GAAP
Whey whey
fy ff
is sane is
Diff

AUDIT THE CONSOLIDATION

puget shell

E md
wdf
1dFYTFdimhdTF.TT
tht Yaiih7 transfer'omeeign

Geunal Controls its Components

Components
Application fs
controls
ifaey
 MTE
mwygw.my Deterring the
Extent
of of
Auditprocedures useof other
on the base's Auditor's mark
of
Roman
Co ordinating
of
Consolidation work to be
performed

Completeness
If COMIPONENT

shall see
g
Auditor
shall obtain while doing
list of all the preparing ers
componentsfrom whether such
Parent Co Components
were

properly Included
or
To ensure the Completeness
of components not
Auditer shall perform following procedures
Review his Audit walking papers of previousYean
Make How Mary Included
Management Enquiry u n Excluded
Method why
Identify Management's
Review
of Identificationofcomponents
 patens f e
to understand that
shareholding pattern
Review Joint Ventures Joint Arrangements entered
n other Arrangements not Included
Review Section 186 Registers
Statutory
Identify the changes in Sh holding Pattern

84 Exclusions Allowed for Consolidation

I otonouster

co follows
AI
If Ind 1s
I d
on these Components
Notuch
Shall be Excluded Exceptions

I
Exclusions
Allowed
when dulationship whether d
of component
with
is longterm Exclusion

is severe restriction Allowed

parent on components only if
TEMPORARY
which impairs their subsidiary's
nights to transfer anInvestment
funds to parent
i Exclusions as
 I per

Consolidatintobedemen
on Line to him
Basis
Auditor shall cheek
any changes in status like
WE D Ju to Associate
2 Sub to Associate
3 Associate to 3 u sub etc

If
as pee As If as
Peggy
d
Fs of parate Componate I
Combined on timeto time Asper IND As
Assets
Cfs
Lab III
Income
Expenditures 103 G CRIME
Cashflows
11 JointArrangements
Calculation
of Glw CI Associates
n a
Minority Interestetc 21 J.ve

Complianceof
d
ASI
 AS 23
AS 27

CONSOLIDATION ADJUSTMENTS

PERMANENT CONSOLIDATION ADS

mm mm

Meaning Auditprocedures
Such Consolidation shall cheek that such
Adjustments which 2 Calculations Appropee

are made only on Main focus on Pre Aca

first Occassien reserves of Components

Buton Subseauent Dateof Investments in

crassieniftheleis Components
In
Any Chang SHI Pee Acqueseaues divided
Hogging
appropriately
LMajae PCI au
Minoring
I Int
T Monitor changes due to
m
Determination Determination tubsequent ASfoh
of ofAttributable
Gw ICE of Amponentgsimp
 y group
to MINORITY Parent choose to
INTEREST may
show one single figure

Iffy
incfs instead of
Goodwillfrom one comp
figures c
pgomoni

CURRENT CONSOLIDATION ADJUSTMENTS

Audit Procedures
Meazing
Carried out Verify the Memorandum
checonds
Emery Yeaefae
Consolidation Tuteaguoup balances Adj
are Eliminated
to Eliminate
Futea group ten Unifoeminity in Afcpolicies
Tuten Group Balancer maintained

Adjustments
Harmonization
Parent
ofAfc policiesby
Mgt
Intra Group Interest Those
Afl policies which well
paid neatened Mgtfe
Impracticable togetHarmonized
Fudebtness etc
Intra group profits Calculation
of Metrics
 Resets transferred

defying DeffTaxpayment Ady

Tocomp fromcompost
Harmonizing Afcpolicies
Ensure the subsidiaries Pail
of PIE are Included in Cfsfrom the
Conversion GARP Day it became till it Ceases
of
ifdifferent to become

Subsequent Events
OTHER PROCEDURES
a When Hgs Sappy
WhenCH'ds Auditetshell
B
DiffFy
Differed Tax payments a
Gain understanding
arising on temporary of Mgtprocedures
Differences to mediateRisk
Movement in Cavity
B
attributable to N Goodwill Shall be
MI watered Date
ofAcquisition
be Tested
for Impairment
Lass at BlsDate
Every
As
of components
Shall be drawn
to Same As Date
up
Parent
of 1
 If any
dates
different Repenting

Effectof
Subsequent Events
btw those Date shallbe
Adjusted

As pee AS AsperIMDAs
I
6month Imonthe
Diff Diff

InfumationstobeDisclasedincfsm
Auditor shall check that following Rufo Shall
disclosed in CFL
Amount Net Assets
of
Net Assets to consolidated
Assets to

Amount Met share in profitsaetasses

of
of Net share in profits to
Consolidated profits aetases
 Amant
of other Comprehensive
Income i of OCI to Consolid

OCI

ReportinGONCasnt

II L
Consideration SA 705CR
of SAS
SA Goo optional

Jgase
I d d d d
when when when where when

parent Parent Component Component Componut

Auditor Auditor isnt
isalso
Auditor Auditor
isnotan
depots departs Audited
Component's Auditor under curdle
Auditor of Accounting Auditing
Component
FRAMEWORK FRAMEWORK

differentfrom differentfrom
Parent's
Parent's
AE AE
WEI WhenPauentecampouthuditasaren
Save

Mimamsa
The CFS shall Express an opinion on

fairness
of
C Peiest

C NTA

CASEI WhenParentAuditarisdiffenty
component Auditor
from
Then Parent Audited

dpthallbun.de
SA
E
II
white
SAFE
Tulare Parent use
Drafting the
Consolidated Auditor's the mark
 of Comp
Auditor that
repay
Parent Audited Shall
Parent Auditor Shall
Ensure to include d
Disclose the Disclose
Component's Mod
anagnitate Contribution
Reservations w.at
of
Components as FS Audited of Component's
Revenue
it in his Other Auditor Pail
as he
by Assets
repent
Can't Ignore it cashflow
wet
Ican't challenge
NetAmt
to consolidated
above
the Considerationof Netto figuresof
Materiality by along with

Componut Auditors I
So that Divided deep GPA C A
Disclosed
Can be Understood

CASEIII when Component's Auditor repent under

 ffudtotfuA.tw
There are 2 options
e
when Component's
If Auditor
Componut's
an
Auditor's familiar
with with Parent's
unfamiliar
A Framework Acc Fam Group
of Accounting Manual
Parent
t d
Parent's Then Component shall
Itis
tagtmesponsibility its As in
prepare
to Convert the Accordance with
Parents

Fs of Component as
A.cc.fm from the
Parent's A F
per beginning
as
they
I have knowledge
Later on shall do might
it Group Aking
Consolidation Adjustment of
Manual
d d
Parent Auditor Shall
It will prevent
his Audit
 apply 1
procedures
to check any Adjustments
Such Consol Adj Due to which
to
Adjustments will
be Eliminated
CAS Auditor shall
be able to check
that FS areas per
Group Ageing
Manual
Parent Auditor Can
decide whether or
not to believe
the components
Audit repeat
walk

case I when the Component's Auditae

ti
mIiE

mof.mg eEas.ugoaMau

In this Case in order to Madutatu

Consistency Aud Frauenael
 of
to enable Parent Auditae to
Audit
rely upon component's
repeat
1
The Component's FS shall be Audited
as Tudin GAAS
pee

CASSIE t CompountisNotAuditidut

I
Auditae Should Consider On Audited
Components in Eucalaeating the

Possible Effects
of
Modifications Ifaey
d
because he was unable to obtain

SA AE on it Compoundes
are Unaudited