OFFICE OF THE ACCOUNTANT GENERAL (G &SSA), KERALA,
THIRUVANANTHAPURAM - 695 001
No.SGS II (HQ)/ IV/EAP/16-31/VTIP/18-19/2019-20/ E
Dated egDecember, 2019.
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 2018-19 -forwarding of.
Audit Report on the Annual Financial Statement for 2018-19 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 faithfully,
( AnuJose)
Senior Deputy Accountant General (SGS-II)
Copy to:
1. The Secretary,
Department of E onomic Affairs,
Ministry of Fin ce,
Government of dia, New Delhi 110001.
2. The Director G neral (Report Central),
Office of the C mptroller and Auditor General of India,
Pocket 9, Dee  yal Upadhyay Marg,
New Delhi - 1 0124.
(Anu Jose)
Senior Deputy Accountant General (SGS-II)
t**r/ Email: agaukerala@cag.gov.in     *w / Fax : 0471 - 2331326         f4tNOT / Telephone : 0471 2330799


AUDIT REPORT ON THE REVISED FINANCIAL STATEMENT OF
VOCATIONAL TRAINING IMPROVEMENT PROJECT FOR THE YEAR ENDED
31 MARCH 2019
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 2019. 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 2019 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. 54.01 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,                                 (fu Jose)
1V' December 2019.                      Senior Deputy Accountant General (SGS-II)


Appendix
Audit Observations
Nil
Thiruvananthapuram                               ( Anu Jose)
December 2019.                   Senior Deputy Accountant General (SGS-II)