What are the responsibilities of chartered accountants in reporting FCRA violations by NGOs in India
Chartered accountants have been asked to report Foreign Contribution Regulation Act violations by NGOs.
- Chartered accountants are responsible for conducting audits of NGOs' financial records to identify any potential FCRA violations.
- They must report any suspicious activities or transactions related to foreign contributions that may violate FCRA regulations.
- Chartered accountants should maintain professional integrity in their reporting and adhere to ethical standards when dealing with such sensitive matters.
- If they come across any irregularities or non-compliance with FCRA provisions, they are obligated to report it to the appropriate authorities for further investigation and action.
- Chartered accountants play a crucial role in ensuring transparency and accountability in the utilization of foreign funds by NGOs in India.
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6 months ago