Page 170 - DJML Annual Report 24-25

DJ MEDIAPRINT & LOGISTICS LIMITED

statements, our responsibility is to read the other
information and, in doing so, consider whether the
other information is materially inconsistent with the Our objectives are to obtain reasonable assurance
standalone financia stateme or our knowledge about whether the standalone financial statements as
obtained during the course of our audit or otherwise
a whole are free from material misstatement, whether
appears to be materially misstated.
due to fraud or error, and to issue an auditor’s report that
If, based on the work we have performed, we conclude includes our opinion. Reasonable assurance is a high
that there is a no material misstatement of this other level of assurance, but is not a guarantee that an audit
information; we are required to report that fact. We have conducted in accordance with SAs will always detect
nothing to report in this regard. a material misstatement when it exists. Misstatements
can arise from fraud or error and are considered material
if, individually or in the aggregate, they could reasonably
be expected to influence the economic decisions of
The Company’s Board of Directors is responsible users taken on the basis of these standalone financial
for the matter stated sectio 134(5 of the statements.
with respect to the preparation of these standalone
financia stateme tha give a true and fair vie of As part of an audit in accordance with SA’s, we exercise
the financia position, financia performance, tota professional judgment and maintain professional
skepticism throughout the audit. We also:
comprehensive income, changes in equity and cash
flo of the Compa accordance the Ind • Identify and assess the risks of material

and other accounting principles generally accepted in misstateme of the standalone financia
India. This responsibility also includes maintenance of statements, whether due to fraud or error, design
adequate accounting records in accordance with the and perform audit procedures responsive to those
provisions of the Act for safeguarding the assets of risks, and obtain audit evidence that is sufficient
the Company and for preventing and detecting frauds and appropriate to provide a basis for our opinion.
and other irregularities; selection and application of The risk of not detecting a material misstatement
appropriate accounting policies; making judgments and resulting from fraud is higher than for one resulting
estimates that are reasonable and prudent; and design, from error, as fraud may involve collusion, forgery,
implementation and maintenance of adequate internal intentional omissions, misrepresentations, or the
financial controls, that were operating effectively override of internal control.
for ensuring the accuracy and completeness of the • Obtain an understanding of internal financial
accounting records, relevant to the preparation and controls relevant to the audit in order to design
presentatio of the financia stateme tha give a true
audit procedures that are appropriate in the
and fair view and are free from material misstatement, circumstances. Under sectio 143(3 of the Act,
whether due to fraud or error.
we are also responsible for expressing our opinion
In preparing the standalone financial statements, on whether the Company has adequate internal
management is responsible for assessing the financia contro syste place and the operating
Company’s ability to continue as a going concern, effectiveness of such controls.
disclosing, as applicable, matters related to going
• Evaluate the appropriateness of accounting policies
concern and using the going concern basis of
used and the reasonableness of accounting
accounting unless management either intends to
estimates and related disclosures made by
liquidate the Company or to cease operations, or has
Management.
no realistic alternative but to do so.
• Conclude on the appropriateness of management’s
The Board of Directors are responsible for overseeing use of the going concern basis of accounting and,
the Company’s financial reporting process.
based on the audit evidence obtained, whether a

167 Annual Report 2024-25