Page 142 - CCRT-Annual-Report-2016-17-flip

Annexure

1. Adequacy of internal audit system

• The internal audit was conducted upto 2016-17 by a Chartered Accountant Firm and
found to be adequate.

2. Adequacy of internal control system

• Response of Management regarding audit objections was not effective as 14 paras for
the period from 2013-2016 were outstanding.

3. System of physical verification of fixed assets

• The physical verification of fixed assets had been conducted during 2015-16 and no
discrepancy was found.

4. System of physical verification of inventory

• The physical verification of inventory had been conducted up to 2016-17 and no
discrepancy was found.

5. Regularity in payment of statutory dues

• Statutory dues on account of TDS amounting to Rs. 995/- was outstanding for more
than six months as on 31.03.2017. However. TDS amounting to Rs. 995 deducted
from DAVP, New Delhi was deposited with Income Tax Account against wrong PAN
Number .

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