ANSAB NEPAL PROJECT AUDIT Project: FCPF Capacity Building on REDD+ for Southern Civil Society Organizations and Local Communities in East Asia and the Pacific Region Project Donor: The World Bank AUDIT REPORT For the period: 1 August 2017 to 16 July 2018 Submitted by: KB Chitracar & Co. Chartered Accountants Bhanimandal,Lalitpur PO Box: 2043, Kathmandu, Nepal Tel:+977-1-5000027 Email:info@kbc-ca.com.np Website:www.kbc-ca.corn.np KB Chitracar & Co 14 March 2019 To, Dr. Bhishma P. Subedi Executive Director ANSAB Nepal Kathmandu, Nepal Submission of report on audit of FCPF Capacity Building on REDD+ for Southern Civil Society Organizations and Local Communities in East Asia and the Pacific Region Project We have completed the audit of the " FCPF Capacity Building on REDD+ for Southern Civil Society Organizations and Local Communities in East Asia and the Pacific Region Project" implemented by ANSAB Nepal under agreement with the World Bank for the period from 1 August 2017 to 16 July 2018. We are submitting our Independent auditors' report on the Fund Accountability Statement of the project along with explanatory notes. We have not issued management letter with audit recommendations as we did not identify any material weakness in internal control or noncompliance of substantial nature. We thank the management and staffs of ANSAB Nepal for their support in completion of the audit. CA Komal Chitracar KB Chitracar & Co Chartered Accountants Bh nc Lamprco box: 23 ka:rnandu ta"5000027 e-na a kb:-ccrn.np KB Chitracar & Co Independent Auditor's Report To, Dr. Bhishma P. Subedi Executive Director ANSAB Nepal Kathmandu, Nepal We have audited the accompanying financial statements of ANSAB Nepal for the project "FCPF Capacity Building on REDD+ for Southern Civil Society Organizations and Local Communities in East Asia and the Pacific Region Project" for the period from I August 2017 to 16 July 2018. The financial statement, comprising the Fund Accountability Statement for the stated period and Explanatory Notes thereon is the responsibility of ANSAB Nepal's management. Our responsibility is to express an opinion on theses financial statements based on our audit. We have conducted our audit in accordance with Nepal Standards on Auditing. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe our audit provides a reasonable basis for our opinion. In our opinion, the Fund Accountability Statement referred to above presents fairly, in all material respects, the result of the activities of the project for the period from 1 August 2017 to 16 July 2018 in accordance with the basis of accounting provided in Note 2 of the Explanatory Notes to the Fund Accountability Statement. CA Komal Chitracar KB Chitracar & Co Chartered Accountants Date: 14 March 2019 Kathmandu, Nepal Bln manda La[tpLr o box 043 a mandu tel:5000027 e-maa r kbc-cacco.np ANSAB Nepal The World Bank Grant No. TF0AS386 Project: FCPF Capacity Building on REDD+ Under agrcement with The World Bank dated 31 iLuly 2017 Project Life: I August 2017 to 31 December 2019 FUND ACCOUNTABILITY STATIENT for the period from I August 2017 to 16 July 2018 BudgetA Actual (for the period Particulars (for project fr 0.8 2017 lf) fromn 01.08. 2017 to 16.07. 2018) USD USD Opening Balance 0 0 Fund Transfer this period 179,036.00 Expenditure Component 1: Aaioinal Capacity Building and 317,800 89,836.00 A uareness Raisin 1.4 Building capacity of CSOs and LCs through training 89,836.00 on REDDI and organizing meeting with national decision makers Component 2: Regional Exchange and Sharing of 139,500 21,104.00 Lessons Learned 2.1 Organize launch and regional experience sharing 20,862.46 and learning workshops_ 2.2 Dissemination of knowledge products and lessons 241.54 learned Component 3: Management M & E and Reporting 72,811 21,336.72 Total Expenditure 530,111 132,276.72 Balance of fund as July 16, 2018 46,759.28 Explanatory Notes/form an integral part of this statement. For and on behalf of ANSAB Nepal As per our annexed report $M r Puja Parajuli Dr. Bhishma P. Subedi CA Konal Chitracar Manager, Admin & Finance Executive Dictor KB Chitracar & Co., Chartered Accountants Date: 14 March 2019 Kathmandu, Nepal Page | 1