Audit of Trusts, Societies & NGOs

Our limited review and interim financial review services at Singh Gulati & Associates are designed to provide credible assurance over quarterly and interim reporting in accordance with SEBI, stock exchange, and regulatory requirements. We perform analytical reviews, inquiries, and limited testing of key transactions to ensure that financial statements are free from material misstatement.

While the scope is narrower than a statutory audit, our approach emphasizes accuracy, transparency, and compliance. We examine revenue recognition, expense booking, provisioning, related-party transactions, and disclosures to identify anomalies that could impact stakeholder trust.

These reviews give management and boards early visibility into potential issues, enabling corrective action before the annual audit. They also strengthen investor confidence by demonstrating the company’s commitment to transparent and reliable reporting throughout the year.

By combining global best practices with sector-specific expertise, our interim reviews deliver actionable insights, ensure compliance with quarterly reporting obligations, and enhance governance frameworks without causing operational disruptions.

Key Features / Scope of Work

• Examination of books of accounts, grants, and donations received.

• Verification of fund utilization in line with stated objectives.

• Compliance review under the Societies Registration Act, Indian Trusts Act, and applicable state laws.

• Audit of exemptions and filings under the Income Tax Act (Sections 12A, 80G, etc.).

• Assessment of compliance with FCRA and donor-specific conditions.

• Verification of utilization certificates and program expenditure tracking.

• Review of internal controls, governance processes, and fund flow management.

• Recommendations to improve transparency, accountability, and operational efficiency.