NGO Audit /annual Report
Audits are established as public trusts under trust laws or as files formed under the Societies Registration Act or as companies ed under of the Companies Act 1956.
If you are filing an income tax return or e-return feel free to explore our site as our guidelines will be of great help. If you want to buy our plan to help you with tax e-filing, communicate with our Tax Experts and file your income tax return correctly and without any hassle. Moreover, subscribing our site will update you with the latest modification and changes occurred in the IT rules as per the Finance Act.
audited under the respective incorporation law or Act Audit under the Societies Act Trust Act or Companies 1956 it under Income Tax Act from the requirement of audit under the incorporation law Income Tax Act 1961 also provides for a compulsory audit under section 12A(b) Under the Income-tax law audit becomes necessary where the total income of an organization exceeds the maximum amount which is not chargeable to Income Tax in any previous year. The accounts of an organization have to be compulsorily audited as required under section 12A(b) of the Act.
NGOs (non-governmental organizations) also publish annual reports. The report details all aspects of the NGOs dealings for the past year.
This brief guide will try to explain the meaning of an NGO’s annual report, along with its objectives, purpose, and best practises when preparing the report.
For the best results, it is imperative to hire an award-winning annual report design agency. The agency adopts visual storytelling ideas to transform a dull annual report into a strong piece of brand communication. Let’s get right into the intricacies of an NGO annual report.
What is the meaning of an NGO annual report?
Non-profit annual reports are an in-depth and comprehensive reporting of an NGO’s activities. It outlines an NGO’s accomplishments. An audited annual accounts section is also added to the report. The report also acts as a marketing tool.
The sections and contents within an NGO annual report slightly differ from a corporate annual report. The sections within an NGO annual report include:
An introductory message by the President of the NGO (or a leading authority)
List of governing body members
NGO organizational chart & governance structure
List of projects and activities conducted
Achievements of the NGO
NGO case studies, with NGO success stories
An audited NGO accounts summary