Statements of K.J. Somaiya Institute of Engineering and Information Technology
K. J. Somaiya Institute of Engineering and Information Technology was established in 2001.
KJSIEIT’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.