Page 156 - CCRT-Annual-Report-2015-16

Separate Audit Report of the Comptroller & Auditor General of India
on the accounts of Centre for Cultural Resources and Training
for the year ended 31 March 2016

We have audited the attached Balance Sheet of Centre for Cultural Resources and Training (CCRT),
New Delhi as at 31 March, 2016. Income & Expenditure Account and Receipts & Payments 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 2018-
19. 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 (C&AG) 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/C&AG’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 :
i. 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.
ii. The Balance sheet, Income & Expenditure Account and Receipts and Payments Account
dealt with by this report have been drawn up in the Uniform Format of Account prescribed
by Ministry of Finance, Government of India.
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 Assets
A.1.1 Fixed Assets (Schedule 8)- Rs. 30.63 crore
A.1.1.1 There were missing library books of ` 0.63 lakh and obsolete items of ` 11.88 lakh, which
were not accounted for in the annual accounts for the year 2015-16. This has resulted in
understatement of Expenditure and overstatement of Fixed Assets by ` 12.51 lakh.
This was also reported in the previous year’s report but remedial action was not taken by the
Management despite assurance given by it.
A.1.2 Current Assets, Loans, Advances etc. (Schedule 11)- ` 1.89 crore.
A.1.2.1 CCRT had depicted the following advances in the annual accounts for the year 2015-16
(Schedule 11-loans, advances and other assets), which remained outstanding till 31 March
2016:

(` in Lakh)
SI. No. Particulars Amount pending Pending since
1. Advance for Film 2.40 2001-02
2. Advance to individual for documentation work 0.20 2002-03
3. Advance to Regional Centre Hyderabad 0.78 2007-08

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