NGO audit in Lucknow, Uttarpradesh are required to have their accounts audited by a chartered accountant or a company auditor. The audit provisions for NGOs in Lucknow are outlined in the following laws and regulations:
- The Companies Act, 2013: Under this act, all registered companies, including NGOs, are required to have their accounts audited annually.
- The Income Tax Act, 1961: NGOs that are eligible for tax exemptions under this act are required to have their accounts audited annually.
- The Foreign Contribution Regulation Act (FCRA), 2010: NGOs that are registered under the FCRA must have their accounts audited annually by a chartered accountant.
- The Registrar of Societies or the Charity Commissioner: Depending on the state in which the NGO is registered, the Registrar of Societies or the Charity Commissioner may also require the NGO to submit audited financial statements.
The audit report should be prepared in accordance with the applicable accounting standards and should include a balance sheet, an income and expenditure statement, and a cash flow statement. The auditor should also provide an opinion on the fairness and accuracy of the financial statements and should report any non-compliance or irregularities found during the audit.
The following are the documents that are generally required for NGO audit:
- Books of Accounts
- Minutes of the meeting
- Bank Statements
- Receipts and vouchers
- Annual Report
- Address proof of the organization
- Trust Deed
- Memorandum of Association and bye-laws
- Proof of registration
- Audited Financial Statements of previous years (if available)
- PAN card and GST registration (if applicable)
- Objectives of the organization
- Details of the trustees or managing committee
- Details of the activities carried out by the organization