Audit of NGOs (Non-Governmental Organizations) is important to ensure transparency and accountability in their financial operations. NGOs operate in various fields such as education, healthcare, environment, human rights, and social welfare. They receive funding from various sources such as donations, grants, and government schemes.
The audit of NGOs is governed by various laws and regulations, including the Societies Registration Act 1860, State Trust Acts, Foreign Contribution (Regulation) Act, Income Tax Act 1961, and other relevant statutes. NGOs are required to maintain proper books of accounts and records of all their financial transactions.
The audit of NGOs involves a review of financial statements, compliance with laws and regulations, and evaluation of internal controls. The auditor also checks the proper utilization of funds and the effectiveness of the NGO’s programs and activities.
Our firm provides various audit and assurance services to NGOs, including statutory audit, tax audit, internal audit, and compliance audit. We also help NGOs to comply with the regulatory requirements and improve their financial reporting and governance practices.