We draw attention to Schedule-B (Allocation of Management Expenses), Gross premium income against Marine Insurance was Tk. 200,524,784 during the year under audit and on the basis of IDRA's circular No. 280/Ain/2019 dated 3 February 2019 maximum limit of management expenditure that can be incurred is Tk. 51,631,196.00. The company has made management expenditure of Tk. 57,608,878.07 which is Tk. 5,977,682.07 excess over the allowable limit. Our opinion is not modified in respect of this matter.