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Separate Audit Report of the Comptroller & Auditor General of India on the accounts
of Centre for Cultural Resources and Training, New Delhi for the year ended 31 st
March 2013

We have audited the attached Balance Sheet of Centre for Cultural Resources and Training (CCRT),
New Delhi as at 31 March 2013, Income & Expenditure Account and Receipts & Payment Account for the
year ended on that date under Section 20(1) of the Comptroller and Auditor General’s (Duties, Powers &
Conditions of Service) Act, 1971. The audit has been entrusted for the period up to 2013-14. These financial
statements are the responsibility of the CCRT’s management. Our responsibility is to express an opinion on
these financial statements based on our audit.

2. This Separate Audit Report contains the comments of the Comptroller and Auditor General of India on
the accounting treatment only with regard to classification, conformity with the best accounting practices,
accounting standards and disclosure norms, etc. Audit observation on financial transactions with regard to
compliance with the Law, Rules & Regulations (Propriety and Regularity) and efficiency-cum performance
aspects, etc., if any, are reported through Inspection Reports/CAG’s Audit Reports separately.

3. We have conducted our audit in accordance with auditing standards generally accepted in India.
These standards require that we plan and perform the audit to obtain reasonable assurance about whether
the financial statements are free from material misstatements. An audit includes examining, on a test
basis, evidences supporting the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by management as well as
evaluating the overall presentation of financial statements. We believe that our audit provides a reasonable
basis for our opinion.

4. Based on our audit, we report that:
1. We have obtained all the information and explanations, which to the best of our knowledge and belief
were necessary for the purpose of our audit.
2. The Balance Sheet, Income & Expenditure Account and Receipts and Payments Account dealt with
by this report have been drawn up in the format approved by the Ministry of Finance.
iii. In our opinion. proper books of accounts have been maintained by the CCRT in so far as it appears
from our examination of such books.
IV, We further report that:

A. Balance Sheet
A.1 Liabilities
A.1.1 Current Liabilities and Provisions (Sch 7) `` `` ` 74.66 lakh

An amount of ` 55.97 lakh was depicted as Provision for Expenses in Schedule 7 for known liabilities.
This has resulted in overstatement of ‘Provisions’ and understatement of ‘Current Liabilities’ by the like amount.
A.2 Assets

A.2.1 Fixed Assets (Sch 8) ` ` ` ` ` 2425. 82 lakh
A.2.1.1 Civil work amounting to ` 7.79 lakh carried out for building under construction was depicted in ‘Fixed
Assets’ instead of ‘Work in Progress’. This has resulted in overstatement of fixed assets and understatement
of ‘Work in Progress’ by ` 7.79 lakh each.
B. Income and Expenditure Account
B.1 Expenditure

B.1.1 Providing of depreciation amounting to ` 1.37 lakh on civil works relating to the building under
construction resulted in overstatement of expenditure and understatement of ’Works in Progress’ by
` 1.37 lakh.