Auditors issue unmodified opinion on audited standalone results for FY ended March 31, 2019
Netripples Software has told BSE that its statutory auditors, M/s B S & Associates, Chartered Accountants, issued an Audit Report with an Unmodified Opinion on the company's Audited Standalone Financial Results for the year ended March.
By ScoutQuest · · 2 min read
- Audit Opinion
- Unmodified Opinion
- Financial Results
- Audited Standalone Financial Results for the year ended March 31, 2019
- Board Approval Date
- May 19, 2019
What the company has said
Netripples Software has sent BSE a declaration about the audit of its annual accounts. It states that the statutory auditors, M/s B S & Associates, Chartered Accountants, issued an Audit Report with an Unmodified Opinion on the company's Audited Standalone Financial Results for the Financial Year ended March 31, 2019.
What an unmodified opinion means
- An unmodified opinion is the auditors' clean opinion. It means the auditors did not qualify, disclaim or give an adverse view on the financial statements they audited.
- In simple terms, the auditors did not flag a disagreement or a reservation about the numbers as presented.
- It is different from a modified opinion, where auditors raise a specific concern or exception.
When the results were approved
- The audited standalone financial results for the year ended March 31, 2019 were approved at the Board Meeting held on May 19, 2019.
- The declaration itself is dated May 19, 2019 and is addressed to the Manager, Department of Corporate Services, BSE Limited.
Why this type of update matters to a shareholder
- It tells you the audit of the annual accounts is complete and how the auditors have signed off on them.
- An unmodified opinion is generally received as a routine, reassuring disclosure about the quality of the reported numbers.
- This declaration accompanies the results and does not, by itself, change anything about the company's business.
Identification details in the letter
- The letter is shared under BSE scrip code 542117.
- The company's registered office is shown at Habsiguda, Hyderabad, Telangana State.
- The letter is signed by the Managing Director, with DIN 00719970.
How to read this
Treat this as the formal sign-off on the company's annual accounts for the year ended March 31, 2019. For the actual performance of the year, the audited standalone financial results themselves are the document to read, since this letter is a declaration about the auditors' opinion rather than a statement of profit or loss.
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