Manager - Finance & Accounts
58337 Points
Joined June 2010
Hi Shaikh,
Yes, under The Rajasthan Public Trust Act, 1959, there is a prescribed format for the Audit Report that the auditor needs to submit to the Assistant Charity Commissioner.
Key points:
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The audit report should comply with the requirements laid down under Section 35 of the Act.
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It must provide details of the receipts and payments, income and expenditure, and the assets and liabilities of the Trust.
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The auditor’s report should certify the correctness of accounts and verify that the funds have been applied according to the objectives of the trust.
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The report usually includes observations on compliance with the provisions of the Act.
While the Act itself doesn’t prescribe a very rigid standardized format, the Rajasthan Charity Commissionerate generally provides a guideline or proforma to be followed, often available on their official website or through their office.