Akshaya Patra - Annual Report 2015

Management Discussion and Analysis
Management discussion and analysis report analysing the current performance and assessing the future plans
of the organisation are presented in a separate section forming part of the Annual Report. ( Refer page number 69.)
Awards and Accolades
During the year the Foundation had received recognition from various quarters. These have been separately covered
in a section forming part of the Annual Report. ( Refer page number 51.)
Transparency
The Foundation strives to ensure transparency in all spheres of the Organisation.
Auditors and Auditors’ Report
All branches are subjected to periodic internal audits. Two reputed Chartered Accountants Firms are appointed to carry
out internal audits one for Northern region and another for Southern region branches. Their reports are reviewed by the
Audit Committee through the Audit Department of the Foundation.
M/s B S R & Co, LLP, Chartered Accountants, having Registration No.: 101248W/W-100022, are the statutory auditors of the
Foundation and they have audited the financial statements that have been attached in the Annual Report and have
expressed an unqualified report which does not call for any further comments.
M/s KPMG are the Independent Auditors of the Foundation for the financial statements prepared under International
Financial Reporting Standards. They have audited the said financial statements and have expressed an unqualified report
which does not call for any further comments.
Trust Governance
The details of Governance Philosophy and Governance Model of the Foundation have been covered in a separate section
of this Annual Report. ( Refer page numbers 39-40.)
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