D Mallik and Company 078

D MALLIK AND COMPANY

Chandragiri-10, Kathmandu
Nepal
COP No. : 1429

Pan No : 300331235

Membership No : RA-4903 “KHA”
Firm Regd. No. : 2352
Mobile No : 9841611508
Email : [email protected]
INDEPENDENT AUDITOR’S REPORT

To the Managing Director
Let’s Trip Nepal Pvt Ltd
Chandragiri
Report on the Audit of the Financial Statements
Qualified Opinion
We have audited the financial statements of M/s Let’s Trip Nepal Pvt Ltd, which comprise the statement of Financial
Position as at Ashadh 31, 2078, the Statement of Profit or Loss and Statement of Cash Flows for the year ended including a
summary of Significant Accounting Policies and Notes to Accounts.
In our opinion, the accompanying Financial Statements present fairly, in all material respects, the Financial Position of the
Company as at Ashadh 31, 2078 and its Financial Performance and its Cash Flows for the year then ended in accordance
with Nepal Accounting Standards (NASs).
Basis for Qualified Opinion

We conducted our audit in accordance with Nepal Standards on Auditing (NSAs). Our responsibilities under those
standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our
report. We are independent of the Company in accordance with the ICAN Code of Ethics for Professional Accountants
(ICAN Code) and we have fulfilled our other ethical responsibilities in accordance with the ICAN Code. We believe that the
audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Management’s Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of the financial statements in accordance with NASs
and for such internal control as management determines is necessary to enable the preparation of financial statements
that are free from material misstatement, whether due to fraud or error. In preparing the financial statements,
management is responsible for assessing the Company’s ability to continue as a going concern, disclosing, as applicable,
matters related to going concern and using the going concern basis of accounting unless management either intends to
liquidate the company or to cease operations, or has no realistic alternative but to do so. Those charged with governance
are responsible for overseeing the Company’s financial reporting process.
Auditor’s Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatement, whether due to fraud or error, and to issue an auditor’s report that include our opinion.
Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with NSA’s
will always detect a material misstatement when it exists.
Misstatements can arise from fraud or error and are considered material if, individually or in aggregate, they could
reasonably expect to influence the economic decisions of users taken on the basis of these financial statements.
As a part of audit in accordance of NSAs, we exercise professional judgement and maintain professional scepticism
throughout the audit. We also:
Identify and assess the risk of material misstatement of the financial statement whether due to fraud or error, design and
perform audit procedure responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide
an opinion. The risk of not detecting a material misstatement resulting from fraud is higher than one resulting from error,
as fraud may involve collusion, forgery, intentional omission, misrepresentation, or the override of internal control.
 Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are
appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of
internal control.
 Conclude an appropriateness of management use of going concern basis of accounting and, based in audit
evidence obtained, whether a material uncertainty exists related to events or condition that may cast significant
doubt on the company’s ability to continue as going concern. If we conclude that a material uncertainty exists,
we are required to draw attention in our auditor’s report to the related disclosures in the consolidated financial
statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit
evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the
Company to cease to continue as going concern.
 Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and
related disclosures made by management.
 Evaluate the overall presentation, structure, and content of financial statement including the disclosures, and
whether the financial statements represent the underlying transactions and events in a manner that achieves fair
presentation.
 Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business
activities to express an opinion on the financial statements. We remain solely responsible for an audit opinion.
We communicate with those charges with governance regarding, among other matters, the planned scope and timing of
the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our
audit.
Dinesh Chandra Mallik

(Registered Auditor)
D MALLIK & COMPANY
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D MALLIK AND COMPANY

Membership No : RA-4903 “KHA”

Firm Regd. No. : 2352

INDEPENDENT AUDITOR’S REPORT

Let’s Trip Nepal Pvt Ltd

Report on the Audit of the Financial Statements

Basis for Qualified Opinion

Management’s Responsibility for the Financial Statements

Dinesh Chandra Mallik

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