Expert NGO Audit Services to Ensure Compliance & Transparency

At LEGOMARK INDIA, we specialize in providing NGO Audit Services to ensure your non-profit organization remains compliant with all applicable laws and regulations. An NGO audit is a crucial process that enhances transparency, accountability, and trust in your organization’s financial operations. Our team of expert auditors works closely with NGOs, charitable organizations, and trusts to deliver accurate and reliable NGO audit services, helping you maintain credibility and attract support from donors, government agencies, and stakeholders.

What is an NGO Audit?

An NGO audit is a comprehensive examination of an NGO’s financial records to ensure accuracy, proper fund utilization, and compliance with regulatory requirements such as Section 80G, Section 12A, and FCRA. The primary objectives of an NGO audit are:

• Verifying the accuracy of financial statements.

• Ensuring proper utilization of donations and grants.

• Checking compliance with Income Tax and FCRA regulations.

• Enhancing financial transparency and accountability.

Importance of NGO Audit

1. Ensures Transparency: Strengthens donor trust by ensuring funds are managed responsibly.

2. Enhances Accountability: Helps prevent misuse or mismanagement of funds.

3. Legal Compliance: Ensures adherence to Income Tax and FCRA regulations.

4. Improves Credibility: A well-audited NGO attracts more donors, grants, and corporate partnerships.

5. Builds Donor Confidence: Verified financials make donors more willing to contribute.

Types of NGO Audits We Offer

At LEGOMARK INDIA, we provide a range of NGO audit services, including:

• Financial Audit: Verifies financial records for accuracy and compliance.

• Compliance Audit: Ensures adherence to 80G, 12A, and FCRA regulations.

• Internal Audit: Evaluates internal controls to prevent fraud and errors.

• Tax Audit: Reviews tax-related documents and ensures proper filing of Income Tax Returns (ITR).

Documents Required for NGO Audit

To ensure a smooth and accurate NGO audit, you will need the following documents:

1. Registration Documents:

• NGO Registration Certificate (Trust, Society, or Section 8 Company).

• 80G and 12A Certificates (for tax exemption eligibility).

• FCRA Registration Certificate (if receiving foreign donations).

2. Financial Statements:

• Balance Sheet and Income & Expenditure Statement.

• Cash Flow Statement and Bank Reconciliation Statements.

3. Donation Details:

• Donation Receipts (including donor name, PAN, and amount received).

• Grant Documentation for funds received.

4. Tax and Regulatory Compliance:

• Income Tax Returns (ITR) for the relevant financial year.

• TDS Returns, FCRA Returns, and GST Returns (if applicable).

5. Governance and Management Documents:

• Board Resolutions and Minutes of Meetings.

• List of Governing Body Members.

6. Other Relevant Documents:

• Project Reports showing the impact of NGO activities.

• Employee Salary Records and statutory compliance details.

NGO Audit Process at LEGOMARK INDIA

Our structured NGO audit process ensures accuracy and compliance:

1. Consultation & Document Collection: We gather necessary documents and assess compliance requirements.

2. Financial Review & Analysis: Our auditors examine financial records, donation receipts, and tax documents.

3. Audit Execution: We perform thorough checks to verify fund utilization and compliance.

4. Compliance Verification: Ensures adherence to Income Tax, 80G, 12A, and FCRA regulations.

5. Audit Report Preparation: We provide a detailed report highlighting audit findings and recommendations.

6. Submission & Compliance Support: Assistance in filing audit reports with tax authorities and addressing compliance issues.

Why Choose LEGOMARK INDIA for NGO Audit?

• Expert Auditors: Qualified professionals with vast experience in NGO audits.

• Comprehensive Services: Covering all aspects, from financial to compliance audits.

• Transparent Process: Ensuring complete clarity and adherence to regulations.

• Timely & Efficient: We ensure audits are completed before deadlines to maintain compliance.

• Affordable & Reliable: High-quality audit services at competitive rates.

Get Your NGO Audit Done Today!

Ensure transparency, accountability, and compliance with LEGOMARK INDIA’s NGO Audit Services. Contact us today to schedule your NGO audit and keep your organization on the right track!