OFFICE OF THE ACCOUNTANT GENERAL (G &SSA), KERALA,
THIRUVANANTHAPURAM - 695 001
Dedcateo Tno  P
No.SGS II (IQ)/ IV/EAP/16-31'VTIP/17-18 2018-19
Dated N, November, 2018.
To
The State Project Director
Vocational Training Improvement Project
Directorate of Training,
Thycaud, Thiruvananthapuram.
Sir,
Sub: World Bank assisted Vocational Training Improvement Project (VTIP) - Cr.
No.4319 IN -Audit Report on the accounts for the year 20i7-i8 -forwarding of.
Audit Report on the Annual Financial Statement for 2017-18 relating to World
Bank assisted Vocational Training Improvement Project (VTIP) is forwarded herewith. A
Management Letter containing recommendations that require your attention and also for
improvement of internal control is issued separately.
Yours  aithfully.
Anu Jose)
Deputy Accountant General (SGS-1l)
Copy to:
1. The Se retary,
Depart ent of Economic Affairs,
Ministr of Finance,
Govern ent of India, New Delhi 110 001.
2. The Di ctor General (Report Central),
Office f the Comptroller and Auditor General of India.
Pocket . Deendayal Upadhyay Marg.
New Delhi 110124.
Anu Jose
Deputy Accountant General (SGS-ll)
t-#r7/ Email agaukerala@cag.gov.in      *z /Fax :0471 -2331326             MO   /Telephone: 0471 2330799


AUDIT REPORT ON THE REVISED FINANCIAL STATEMENT OF VOCATIONAL
TRAINING IMPROVEMENT PROJECT FOR THE YEAR ENDED 31 MARCH 2018
We have audited the accompanying financial statements of the Vocational Training
Improvement Project financed under World Bank Loan No. 4319 IN which comprise the
statement of source and application of funds and the reconciliation of claims to total
applications of funds for the year ended 31 March 2018. These statements are the
responsibility of the project's management. Our responsibility is to express an opinion
on the accompanying financial statements based on our audit.
We conducted our audit in accordance with the auditing standards promulgated by the
Comptroller and Auditor General of India. Those standards require that we plan and
perform the audit to obtain reasonable assurance about whether the financial statements
are free of material misstatement. Our audit examines, on a test basis, evidence
supporting the amounts and disclosures in the financial statements. It also includes
assessing the accounting principles used and significant estimates made by management,
as well as evaluating the overall financial statement presentation. We believe that our
audit provides a reasonable basis for our opinion.
In our opinion, the financial statements present fairly, in all material respects, the sources
and application of funds of Vocational Training Improvement Project for the year ended
31 March 2018 in accordance with Government of India accounting standards.
In addition, in our opinion, (a) with respect to SOEs, adequate supporting documentation
has been maintained to support claims to the World Bank for reimbursement of
expenditures incurred; and (b) except for the ineligible expenditures as detailed in the
audit observations appended to this audit report expenditures are eligible for financing
under the Loan/Credit Agreement. During the course of the audit, SOEs for Rs. 31.86
lakh from Government of Kerala and the connected documents were examined and
these can be relied upon to support reimbursement under the Loan/Credit Agreement.
This report is issued without prejudice to CAG's right to incorporate the audit
observations in the report of CAG of India for being laid before Parliament/State
legislature.
Thiruvananthapuram,                               (Anu Jose)
Q , November, 2018.                     Deputy Accountant General (SGS-ll)


Appendix
Audit Observations
Nil
Thiruvananthapuram                               ( Anu Jose)
2   November 2018.                    Deputy Accountant General (SGS-ll)