The Federal Democratic Republic of Ethiopia Audit Services Corporation INDEPENDENT AUDITOR'S REPORT ON THE ACCOUNTS OF MINISTRY OF INNOVATION AND TECHNOLOGY OPEN DATA INITIATIVE (ODI) PROJECT GRANT NUMBER TFOA1329 REF. NO P156400 We have audited the accompanying financial statement of Ministry of Innovation and Technology, Open Data Initiative (ODI) Project, financed under the International Bank for Reconstruction and Development/ International Development Association, ("World Bank") Grant No. TFOA1329, Reference No P156400, which comprises the statement of sources and uses of funds for the period from 27 October 2015 to 30 November 2018 and a summary of significant accounting policies and other explanatory information. Responsibility for the Financial Statement Ministry of Innovation and Technology is responsible for the preparation and fair presentation of the financial statement in accordance with the Ethiopian Government's Manual of the Federal Accounting System which is based on a modified cash basis of accounting, and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. Auditor's Responsibility Our responsibility is to express an opinion on this financial statement based on our audit. We conducted our audit in accordance with International Standards on Auditing. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statement is free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statement. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statement, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity's preparation and fair presentation of the financial statement in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the financial statement. 2 251-011-5515222 Fax 251-011-551308-3 --E-mail: ASC@ethionet.com 2 5720 251-011-5535012 251-011-5535015 251-011-5535016 INDEPENDENT AUDITOR'S REPORT ON THE ACCOUNTS OF MINISTRY OF INNOVATION AND TECHNOLOGY OPEN DATA INITIATIVE (ODI) PROJECT GRANT NUMBER TFOA1329 REF. NO P156400 (continued) We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinion In our opinion, the financial statement gives a true and fair view of the sources and uses of funds of Ministry of Innovation and Technology, Open Data Initiative (ODI) Project, financed under the International Bank for Reconstruction and Development/ International Development Association, ("World Bank") Grant No.TFOA1329, Reference No P156400, for the period from 27 October 2015 to 30 November 2018. Report on other requirements As required by the World Bank guidelines we report that, to the extent we can assess: a) all external financing has been used in accordance with the conditions of the relevant financing agreement, with due attention to economy and efficiency, and only for the purposes for which the financing was provided; b) goods and services financed have been provided in accordance with the relevant financing agreement and disbursement letters; c) the statement, together with the procedures and internal controls involved in its preparation can be relied upon to support the related withdrawals; and d) adequate supporting documentation has been maintained to support claims to the World Bank for reimbursements of expenditures incurred. 25 July 2019 2 INDEPENDENT AUDITOR'S REPORT ON THE ACCOUNTS OF MINISTRY OF INNOVATION AND TECHNOLOGY OPEN DATA INITIATIVE (ODI) PROJECT GRANT NUMBER TFOA1329 REF. NO P156400 FOR THE PERIOD FROM 27 OCTOBER 2015 TO 30 NOVEMBER 2018 Note USD Birr SOURCES Direct payment by the World Bank 35,700 955,091 Reimbursement _,087 141,734 40,87 1,096,825 USES Payment to consultant 3 35,700 955,091 Training Costs ,087 141,734 4 2 1,096,825 EXCESS OF SOURCES OVER USES FOR THE PERIOD NM NIL 3 INDEPENDENT AUDITOR'S REPORT ON THE ACCOUNTS OF MINISTRY OF INNOVATION AND TECHNOLOGY OPEN DATA INITIATIVE (ODI) PROJECT GRANT NUMBER TFOA1329 REF. NO P156400 NOTES TO THE FINANCIAL STATEMENT 1. PROJECT INFORMATION A Grant Agreement was signed on 27 October 2015 between the Federal Democratic Republic of Ethiopia (FDRE) and the International Bank for Reconstruction and Development/ International Development Association, ("World Bank") acting as administrator of grant funds provided by various Donors under the Trust Fund for Statistical Capacity Building III (Trust Fund), for a grant amount not to exceed three hundred thousand United States Dollars (USD 300,000). The objective of the Project is to enhance transparency through the implementation of actions and recommendations emanating from the country's Open Data Readiness Assessment (ODRA) and the action plan. The Project consists of the following parts: Part 1: National Open Data Guidelines Formulation Support to draft, finalize, and disseminate the National Open Data Guidelines in participatory manner involving all relevant stakeholders. Part 2: Ensuring the Quality of Open Data Portal Development and its Utilization a) Support to review the technical assessment study, design document, and the final open data portal to ensure quality compliance with the international standards, all through the provision of technical advisory services, training, and goods to operationalize the open data portal; b) Strengthen the demand side for open data initiative to develop applications and services by accessing the open data portal through carrying out awareness raising exercises and training activities; Part 3: Implementation Support Support for the coordination, administration, procurement, financial management, monitoring and evaluation of the Project. 4 INDEPENDENT AUDITOR'S REPORT ON THE ACCOUNTS OF MINISTRY OF INNOVATION AND TECHNOLOGY OPEN DATA INITIATIVE (ODI) PROJECT GRANT NUMBER TFOA1329 REF. NO P156400 NOTES TO THE FINANCIAL STATEMENT (continued) 2. SIGNIFICANT ACCOUNTING POLICIES The principal accounting policies adopted by the Project are stated below. a. Basis of preparation This financial statement has been prepared in accordance with the Ethiopian Government's Manual of the Federal Accounting System which is based on a modified cash basis of accounting. b. Currency This financial statement is presented in Birr. Transactions in foreign currencies are translated into Birr at the approximate rates of exchange prevailing at the dates of the transactions. 5 INDEPENDENT AUDITOR'S REPORT ON THE ACCOUNTS OF MINISTRY OF INNOVATION AND TECHNOLOGY OPEN DATA INITIATIVE (ODI) PROJECT GRANT NUMBER TFOA1329 REF. NO P156400 NOTES TO THE FINANCIAL STATEMENT (continued) 3. PAYMENT TO CONSULTANTS Date USD Exchange Rate Birr Initial payment 14/07/2017 3,570 23.6085 84,282 Second payment 01/10/2017 3,570 23.7681 84,852 Final payment 10/09/2018 28,0 27.5195 785,957 35,7M9 4. DATE OF AUTHORIZATION The Director General for Administrative Affairs of the Ministry authorized the issue of this financial statement on 25 July 2019. 6