Page 149 - CCRT-Annual-Report-2017-18

Annexure

1. Adequacy of internal audit system

• The internal audit was conducted upto 2017-18 by a Chartered Accountant Firm and
found to be adequate.

2. Adequacy of internal control system

• Fraud of Government money amounting to Rs. 51.50 lakh under Cultural Talent Search
Scheme came to light in 2017-18. This indicates weak internal control in CCRT. The internal
control needs to be strengthened.

3. System of physical verification of fixed assets

• The physical verification of fixed assets had been conducted only upto 2016-17.

4. System of physical verification of inventory

• The physical verification of inventory had been conducted only upto 2016-17.

5. Regularity in payment of statutory dues

• No payments for over six months in respect of statutory dues were outstanding as on
31.03.2018.

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