Transparent & Compliant Trust Audits
Trusts are required to maintain proper financial records and undergo audit as per applicable Trust laws and regulatory requirements.
N D Savla & Associates provides specialized audit and assurance services for trusts and NGOs to ensure compliance, transparency, and proper utilization of funds.
What is Audit under Trust Act?
Audit under the Trust Act involves examination of financial records of a trust to ensure correctness, transparency, and compliance with applicable laws.
It includes:
- Verification of income and expenses
- Review of utilization of funds
- Compliance with trust regulations
- Reporting to Charity Commissioner (if applicable)
- Preparation of audit reports
Scope of Trust Audit
- Audit of charitable trusts and NGOs
- Verification of donations and grants
- Compliance with regulatory filings
- Review of internal controls
- Support for annual submissions
Documents Required
- Books of accounts
- Bank statements
- Donation records and receipts
- Expense bills and vouchers
- Trust deed and registration documents
Audit Process (Step-by-Step)
- Understanding trust activities and structure
- Review of books and financial records
- Verification of transactions
- Compliance check with applicable laws
- Preparation of audit report
- Support for filing and submissions
Risks of Non-Compliance
- Penalties under trust laws
- Issues with Charity Commissioner approvals
- Loss of donor trust and credibility
- Regulatory scrutiny and legal complications
Why Choose N D Savla & Associates?
Accurate Audits
Ensuring transparency and compliance.
Trust Specialists
Experienced in NGO and trust audits.
Timely Compliance
Meeting statutory deadlines efficiently.
End-to-End Support
From audit to regulatory filings.
Compliance Focus
Aligned with trust regulations.
Trusted Advisory
Reliable support for trust operations.