Statements of K. J. Somaiya Institute of Technology
K J Somaiya Institute of Technology was established in 2001. KJSIT’s Accounts section maintains Books of accounts, prepares Balance sheets, Income & Expenditure accounts and gets it audited from Internal and External Auditors. Every year, on auditing and finalizing the accounts, Auditors issue Audit Reports with membership No., sign and seal.
Audited accounts statements provide an outside look at accounting operations and the overall fiscal health of the institute and are required to be published and submitted to various statutory bodies such as, Fees Regulating Authority - for Students Fees Fixation, AICTE - for approval and affiliation, University of Mumbai, NAB, NAAC and others.