3.

Key Audit Matters

Key audit matters are those matters that, in our professional judgment, were of most significance
in our audit of the financial statements of the current period. These matters were addressed in
the context of our audit of the financial statements as a whole, and in forming our opinion
thereon, and we do not provide a separate opinion on these matters.

Sr.
No Key Audit Matter Our Response
.

Principal Audit Procedures

We assessed the Company’s
of the new revenue accountin
Our audit approach consisted
Accuracy of recognition, measurement, presentation and disclosures of effectiveness of the internal c
revenues and other related balances in view of adoption of Ind AS 115 Evaluated the design of intern
“Revenue from Contracts with Customers” (new revenue accounting the new revenue accounting s
standard) Selected a sample of continu
The application of the new revenue accounting standard involves operating effectiveness of the
1
certain key judgements relating to identification of distinct performance of the distinct performance ob
obligations, determination of transaction price of the identified price. We carried out a combi
performance obligations, effect of variable considerations and the and observation, re-performa
appropriateness of the basis used to recognise revenue at a point in of operation of these controls
time or over a period of time. Tested the relevant informatio
change management controls
information used in recording
with the new revenue accoun
Our procedures did not identi