OFFICE OF THE ACCOUNTANT GENERAL (AUDIT)[ASSAM. BELTOLA,GUWAHATI-781 029 No. FINAT/AC-WB/NERLP/2017-18/604 Date: 29.12.2017 To The Project Director, North East Rural Livelihoods Pr'bject, Regional Project Management Unit, Ministry of DONEAR, Govt. of India, House No.102, Dilip Huzuri Path P.0-Assam Sachivalaya, Dispur Guwahati-781006 Sub: Issue of Audit Certificate on World Bank Aided-North East Rural Livelihoods Project (Credit No. 5035-IN) for the year 2016-17. Ref: Letter No. PD/NERLP/2010-11/56/PT-I1/182 dated 22.06.2017 Sir, With reference to the subject cited above, I am to forward herewith two copies of Audit Certificates on the expenditure incurred in respect of World Bank Assisted "North East Rural Livelihood Project" (Cr. No. 5035-IN) for the year 2016-17. This is for your information and necessary action please. Yours faithfully, Enclo: As stated above Sr. Ad fficer /FINAT 5 iAw ,_7fft r,r-78 1 029 OFFICE OF THE ACCOUNTANT GENERAL (AUDIASSATM 029LTOLA,GJWAHATI-70V ffT qqq -.gy. .W / AC -WB/NERLP/ 2017-18/604 ftiq: 29.12.2017 AUDIT CERTIFICATE The Project Director, North East Rural Livelihoods Project, Regional Project Management Unit, Ministry of DONEAR, Govt. of India, House No.102, Dilip Huzuri Path P.0-Assam Sachivalaya, Dispur Guwahati-781006 Report on the Pr-oject Finanicial tatemnents We have audited the accompanying financial statements of the World Ank Assisted-North East RualI Lelhoods Project (Credit No. 5035-IN) which comprise the Statement of Sources and Applications of Funds and the Reconciliation of Claims to Total Applications of Funds for the year ended 31.03.2017. These statements are the responsibility of the Project's management. Our responsibility 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 & 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 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 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 North East Rural Livelihoods Poe_ct for the year ended 31.03.2017 in accordance with the 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 reimbursements of expenditures incurred; and (b) except for ineligible expenditures as detailed in the audit observations' appended to this audit report at Annexure, expenditures are eligible for financing under LoanCredit Agreement. During the course of the audit, SOEs/FMRs (application No.PD/NERLP/2010-11/56/PT-/i82 dated 22.06.2017 and amount of T1,61,29,n4,886.00) and the concerned documents were examined and these can be relied upon to support reimbursement under the Loan / Credit Agreement. This Certificate/report is issued without prejudice to CAG's right to incorporate the audit observations relating to this project in the Report of CAG of India for being laid before Parliament /State or UT Legislature. *An Annexure containing Audit observations on utilization of the World Bank assistance, is enclosed to this Certificate. (S.S.DUDHWAL) Sr. Deputy Accountant General/GS