Page 187 - Annual Report 2019-20

ANNEXURE – II
Independent Auditor’s Report to Governing Body of Vigyan Prasar
REPORT ON THE AUDIT OF FINANCIAL STATEMENTS
Opinion
We have audited the Balance sheet, Income and Expenditure Account& Receipt and Payment Account of Vigyan Prasar for the period ended 31 March 2020.
In our opinion, and according to the information and explanations given to us, the accompanying said financial statement, including a summary of significant accounting policies and other explanatory information, give a true and fair view of the financial position and the financial performance for the year then ended in accordance with the Accounting Standards issued by the Institute of Chartered Accountants of India (ICAI).
Basis for Opinion
We conducted our audit in accordance with the Standards on Auditing (SAs) issued by ICAI. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are independent of the entity in accordance with the Code of Ethics issued by ICAI and we have fulfilled our other ethical responsibilities in accordance with the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Key Audit Matter
We have determined there are no Key Audit Matters to communicate in our report
Emphasis of matter
i) VigyanPrasar had organized India International Science Festival for which it had received a grant of Rs 20,87,39,802. After conclusion of the Festival, there are advances amounting to Rs 69,80,397 outstanding as at March 31, 2020. These advances are subject to confirmation
ii) Advances other than mentioned above amounting to Rs 7,17,89,423.00 . These advances are subject to confirmation
iii) Sundry debtors and creditors, and parties to whom advances have been given are subject to confirmation
iv) Our opinion is not qualified with respect to matter stated here
Other matter
Limitation in extent of audit procedures
i) Because of ongoing COVID-19 epidemic , there were travel restrictions during the lock down and also post lock down This prevented us from visiting the organization and hence the audit was executed remotely by accessing the books of accounts remotely and obtaining audit
VIGYAN PRASAR ANNUAL REPORT 2019-2020
187