Page 138 - CCRT-Annual-Report-2016-17-flip

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 2017

We have audited the attached Balance Sheet of Centre for Cultural Resources and Training (CCRT), New Delhi
as at 31 March, 2017. 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 effeciency-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 and Income & Expenditure Account/Receipts & Payments Account dealt with
by this report have been drawn up in the Uniform Format of Accounts 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)- ` 29.85 crore
A.1.1.1 There were missing library books of ` 0.59 lakh and obsolete items of ` 57.34 lakh, which were
not accounted for in the annual accounts for the year 2016-17. This has resulted in overstatement
of Fixed Assets as well as Capital Fund by ` 57.93 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.2.2 Current Assets, Loans, Advances etc. (Schedule 11)- ` 1.06 crore.
A.2.2.1 CCRT had depicted the following advances in the annual accounts for the year 2016-17 (Schedule
11-loans, advances and other assets), which remained outstanding for long periods:
(` in Lakh)
SI. No. Particulars Amount pending Pending since
1. Advance for Film (Plan) 2.40 2001-02
2. Advance to Regional Centre Hyderabad (Plan) 0.78 2007-08
3. Advance to individual for documentation work 0.20 2002-03
These long pending advances need to be reviewed and provision to be made or the amounts be
written off with the approval of the competent authority.
This was also reported in the previous year's report but remedial action was not taken.

138