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AUDITOR'S
REPORT ON THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st DECEMBER 1998.
The Board of Directors,
Bhutan National Bank,
Thimphu, Bhutan
We have audited the attached Balance Sheet of Bhutan
National Bank as at 31st December, 1998 and the
relative Profit and Loss Account for the year ended
on that date and report as follows :-
1. Our examination was made in accordance with the
generally accepted auditing standards and accordingly
included such test of accounting records and other
auditing procedures as we considered appropriate
for the purpose of our audit.
2. We have obtained all the information and explanations
which to the best of our knowledge and belief were
necessary for the purpose of our audit.
3. In our opinion, proper books of accounts have
been kept by the bank so far as appears from our
examination of those books.
4. The Balance Sheet and Profit and Loss Account
dealt with by this report have been prepared on
the basis of generally accepted accounting principles
and are in agreement with the books of account.
The said accounts give the information required
by the generally accepted accounting standards and
Principles in the manner so required and exhibit
a true and fair view:
a) In case of the Balance Sheet, the state of affairs
of the Bank as at 31 st December, 1998 and
b) In case of the Profit and Loss Account of the
profit of the Bank for the year ended on that date
25th March, 1999
DELOITTE HASKINS AND SELLS
CHARTERED
ACCOUNTANTS |
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