The Company has robust internal systems and processes in place for smooth and efficient conduct of business and complies with relevant laws and regulations. A comprehensive delegation of power exists for smooth decision making which is being further reviewed to align it with changing business environment and speedier decision making. Elaborate guidelines for preparation of accounts are followed consistently for uniform compliance. In order to ensure that all checks and balances are in place and all internal control systems are in order, the Company’s internal Audit Department conducts an exhaustive internal audit regularly to all the offices under the Company. The Audit Teams raises observations relating to irregularities to develop the internal control system etc. Accordingly, the Auditee take necessary action to settle the same. If the relies are not satisfactory, it is reported to the management immediately for action. Besides this, the Company’s internal Audit Department plays a vital role in settlement of government audit objections. The Audit Department of the Company functionally reports to the Company’s Audit & Finance Committee. The Company’s Audit & Finance Committee guides the internal audit.