AUDIT OFFICE. Public Disclosure Authorized. 03 February Public Disclosure Authorized

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1 Public Disclosure Authorized TELEPHONE: P.O. Box 13 FAX: APIA, SAMOA Website: Please address all correspondences to the Controller and Auditor General AUDIT OFFICE 03 February 2016 Public Disclosure Authorized Public Disclosure Authorized Afioga Lavea Tupaimatuna lulai Lavea Chief Executive Officer Ministry of Finance CBS Buildina SAMOA AGRICULTURE COMPETITIVENESS ENHANCEMENT PROJECT (SACEP) SIGNED AUDIT OPINION AND AUDITED FINANCIAL REPORT AND MANAGEMENT LETTER REPORT FOR THE YEAR ENDED 30 JUNE 2015 Please find enclosed is the signed audit opinion and one set of the audited financial reports for the Samoa Agriculture Competitiveness Enhancement Project for the year ended 30 June Also included are the signed management letter report and our invoice for the audit for the same period. We would like to thank your good self and staff for your cooperation and assistance. Should you have any further queries please do not hesitate to contact me on Ma lo'u fa'aaloalo lava, Violet Roebeck-Fasavalu ACTING CONTROLLER AND AUDITOR-GENERAL Public Disclosure Authorized

2 TELEPHONE: P.O. Box 13 FAX: APIA, SAMOA Website: Please address all correspondences to the Controller and Auditor General AUDIT OFFICE REPORT OF THE AUDIT OFFICE TO THE MINISTRY OF FINANCE - GOVERNMENT OF SAMOA We have audited the accompanying Summary of Expenditures ("Financial Report") on Samoa Agriculture Competitiveness Enhancement Project (SACEP) relating to IDA Loan WSO & TF12179 under the Ministry of Finance Ledger Account No , Retroactive Financing and Imprest Account No maintained by the Central Bank of Samoa for the period Js July ' June Responsibility of the Management for the Financial Report The accompanying set of financial report is the responsibility of the management of the National Executing Agencies and Ministry of Finance. The policy of the National Executing Agencies and Ministry of Finance is to prepare the financial report in accordance with the requirements of the Donor/Lender - World Bank, and on the cash disbursements basis. On this basis, lent/donor funds are recognized when received and expenditure is recognized when paid rather than when incurred. The Executing Agencies and Ministry of Finance are also responsible for monitoring and ensuring all relevant project arrangements are in accordance with the Grant Agreement and Loan Agreement between the Government of Samoa and the World Bank signed on the 4h May Auditor's Responsibility Our responsibility is to express an opinion on these financial reports based on our audit. We conducted our audit in accordance with International Standards on Auditing (ISA), Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial reports are free from material misstatements and that expenditures comply with the contractual requirements of the Donor/Lender - World Bank. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial reports. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement in the financial reports, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the preparation of the project financial reports in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the project's internal controls. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the presentation of the financial reports. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinion In our opinion, the financial report present fairly, in all material respects, the Expenditures for the Samoa Agriculture Competitiveness Enhancement Project (SACEP) for the period ended 30 June We have obtained all the information and explanations that we require, to conclude that management has kept proper accounting records that support and validate the financial information disclosed in the financial report and the funds for the project have been used for purposes of the project in accordance with the requirements of the Project Agreements and Loan Disbursement Handbook of the Donor - World Bank. 03 February 2016 Violet Roebeck-Fasavalu Apia, Samoa ACTING CONTROLLER AND AUDITOR GENERAL

3 SAMOA AGRICULTURE COMPETITIVENESS ENHANCEMENT PROJECT IDA & TF Project Financial Statements for the Financial Year ended 30 June Management Verification 2. FY14/15 Project Financial Statement Ending 30 h June 2015

4 SAMOA AGRICULTURE COMPETITIVENESS ENHANCEMENT PROJECT IDA & TF Project Accounts For the Financial Year Ended 30 June 2015 I, Lavea Tupa'imatuna lulai Lavea, Chief Executive Officer, of the Ministry of Finance, Apia, Samoa verify that: - the accompanying Project Accounts for the year ended 30 June 2015, are to the best of my knowledge, a correct and accurate record of transactions for the said period. (Lavea pa'imatuna lulai Lavea) CHIEF XECUTIVE OFFICER Dated: 3 rd February 2016.

5 SAMOA: AGRICULTURE COMPETITIVENESS ENHANCEMENT PROJECT FY14/15 PROJECT FINANCIAL STATEMENT ENDING 30 June 2015 Table of Contents 1 Bank Reconciliation 2 Expenditure By Components 3 Detailed Expenditure 4 Disbursement Category 5 Notes to Accounts

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ENHANCED ROAD ACCESS PROJECT IDA GRANT H884-WS and PRIF TF Project Financial Statements for the Financial Year ended 30 June 2016

Public Disclosure Authorized Public Disclosure Authorized 1. Management Verification ENHANCED ROAD ACCESS PROJECT IDA GRANT H884-WS and PRIF TF 017563 Project Financial Statements for the Financial Year