Auditing Tutorial
Auditing Useful Resources
Selected Reading
- Auditing - Tax Audit
- Auditing - Management Audit
- Auditing - Audit of Hotels
- Audit of Co-Operative Societies
- Audit of Shipping Company
- Audit of Electricity Supply Company
- Auditing - Audit of Doctors
- Audit of Partnership Firms
- Audit of Sole Proprietary Concern
- Audit of Clubs & Theatre
- Audit of Charitable Institutions
- Audit of Educational Institutions
- Auditing - Audit of Hospitals
- Auditing - Capital and Revenue
- Depreciation, Reserves & Provision
- Auditing - Audit Verification
- Auditing - Vouching of Ledger
- Vouching of Cash Transactions
- Auditing - Trading Transactions
- Auditing - Mechanized Accounting
- Auditing - Audit Vouching
- Auditing - Audit Sampling
- Auditing - Internal Audit
- Internal Check and Auditor
- Auditing - Internal Check
- Auditing - Internal Control
- Auditing - Audit Techniques
- Auditing - Types of Evidence
- Auditing - Audit Evidence
- Duties of Audit Staff
- Methods of Audit
- Modification of Audit Program
- Examples of Audit Program
- Auditing - Audit Program
- Auditing - Audit Planning
- Preparation before an Audit
- Auditing - Classifications
- Auditing - Limitations
- Auditing - Advantages
- Auditing - Basic Principles
- Detection and Prevention of Errors
- Detection and Prevention of Fraud
- Auditing - Introduction
- Auditing - Home
Auditing Useful Resources
Selected Reading
- Who is Who
- Computer Glossary
- HR Interview Questions
- Effective Resume Writing
- Questions and Answers
- UPSC IAS Exams Notes
Audit of Charitable Institutions
Auditing - Audit of Charitable Institutions
The following points need to be considered by an Auditor while conducting audit of Charitable Institutions −
He should know about the constitution and the legal status of Charitable Institutions.
An Auditor should study the Rules and Regulations of the State Government, Central Government and other apppcable law to such institutions.
He should obtain a pst of accounts, correspondence and all related documents which are required for the purpose of audit.
To know the detail which may affect important decisions of institutions, Auditor should study the Minutes Book of Governing Body.
Auditor should obtain pst of members to verify the amount of subscriptions and pst of regular donors to know the nature and purpose of donation of regular donors.
Auditor should vouch the amount of subscription and donations from counterfoils of receipts, members pst, donation register and cash book, etc.
He should ensure that the funds received for a specific purpose are being utipzed for the same purpose or not.
He should verify nature of donation and accounting treatment of such donations. Capital and revenue donations should be treated separately.
He should study the state code to verify whether any grant is apppcable to the concerned institutions or not.
He should verify the provisions for subscription due but not received. Subscription receivable for last year whether received or not in the current year should also be verified.
Investments should be verified according to the rules of Institutions, whether investments are in approved fund.
Investments should be checked in the Investment register along with physical verification.
Income on investments in form of interest and spanidends, etc. should be vouched carefully.
Title deed and other related documents of Land & Building should be verified.
Legacies can be verified with receipts book and legacies register.
An Auditor should verify assets and pabipties on institutions on the date of Balance-sheet.
He should verify the cash in hand and the cash at bank.
All the related expenses should be vouched carefully according to general auditing practices and principles.