The role of audit in the NGO sector
Non-Governmental Organisations (NGOs) play a significant role in the social and economic development of any economy. Over time, there has been a substantial increase in the activities of Indian NGOs. A sound accounting and financial reporting framework is an important ingredient for promoting accountability and for the development of the NGO sector.
Legal forms under which NGOs operate
NGOs in India typically operate under one of the following legal forms:
- Societies registered under the Societies Registration Act, 1860.
- Public Trusts registered under state-specific Public Trusts Acts (e.g., Bombay Public Trusts Act, 1950).
- Trusts registered under State enactments.
- Other NGOs set up under any other Central or State enactment.
- Section 8 Companies under the Companies Act, 2013.
How we help
Our firm, with qualified Chartered Accountants and experienced professionals, provides a range of audit and assurance services to all the above types of NGOs in accordance with their respective Acts and relevant statutes, the Income Tax Act, 1961, and the Foreign Contribution (Regulation) Act, 2010.
Talk to a partner.
A 30-minute call with a partner — no deck, no follow-up email blasts. Just a read on whether we’re the right team to audit your NGO / Trust / Society / Section 8 Company.