Page 193 - Tata_Chemicals_yearly-reports-2021-22

01 INTEGRATED 73 STATUTORY 178 FINANCIAL
REPORT
REPORTS
STATEMENTS
Standalone

reasonable detail, accurately and fairly reflect the transactions and controls, material misstatements due to error or fraud may occur
dispositions of the assets of the Company; (2) provide reasonable and not be detected. Also, projections of any evaluation of the
assurance that transactions are recorded as necessary to permit internal financial controls with reference to Standalone Financial
preparation of Standalone Financial Statements in accordance Statements to future periods are subject to the risk that the
with generally accepted accounting principles, and that receipts internal financial controls with reference to Standalone Financial
and expenditures of the Company are being made only in Statements may become inadequate because of changes in
accordance with authorizations of management and directors of conditions, or that the degree of compliance with the policies or
the Company; and (3) provide reasonable assurance regarding procedures may deteriorate.
prevention or timely detection of unauthorized acquisition, use,
or disposition of the Company’s assets that could have a material For B S R & Co. LLP
effect on the Standalone Financial Statements. Chartered Accountants
Firm’s Registration No: 101248W/W-100022
Inherent Limitations of Internal Financial
controls with Reference to Standalone Financial
Statements Vijay Mathur
Because of the inherent limitations of internal financial controls Partner
with reference to Standalone Financial Statements, including Mumbai Membership No: 046476
the possibility of collusion or improper management override of April 29, 2022 UDIN: 22046476AIAYFT9792

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