What are the roles and responsibilities of chartered accountants in reporting FCRA violations by NGOs
Explore the duties of chartered accountants in identifying and reporting FCRA violations committed by NGOs.
Chartered Accountants play a crucial role in identifying and reporting FCRA violations by NGOs. Their duties in this context include:
- Reviewing financial transactions and records of NGOs to detect any discrepancies or irregularities that may point towards FCRA violations.
- Ensuring compliance with FCRA regulations and guidelines in all financial reporting activities of the NGO.
- Reporting any suspected FCRA violations to the appropriate authorities promptly and accurately.
- Offering guidance to NGOs on maintaining accurate and transparent financial records to prevent inadvertent FCRA violations.
- Staying updated on FCRA regulations and amendments to provide informed advice to NGOs.
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4 months ago