ARTICLE 8: AUDIT
Posted: Wed Sep 10, 2025 7:14 pm
ARTICLE 8: AUDIT
8.1 Annual Audit:
An annual financial audit must be conducted by an independent Chartered Accountant (CA) or a similarly qualified auditor appointed by the Leadership.
8.2 Scope of Audit:
The audit shall verify all income and expenditures; confirm the existence and valuation of assets and liabilities; ensure compliance with financial bylaws; and detect any misappropriation, fraud, or financial irregularity.
8.3 Audit Report:
A comprehensive written audit report must be submitted to the President, Vice-President, and Managing Committee within 30 days of the audit's completion.
This report shall be maintained in both physical and digital form for a minimum of 10 years.
8.4 Member Access:
Members may request to review the audited financial statements upon written application to the Secretary, to be conducted under supervision at a pre-arranged time.
8.5 Special Audit:
The Leadership may order a special audit at any time if fraud, malpractice, or a serious financial complaint is suspected.
8.6 Regulatory Compliance:
All audits shall be conducted in accordance with the Tamil Nadu Societies Registration Act, 1975, and other applicable financial regulations.
8.1 Annual Audit:
An annual financial audit must be conducted by an independent Chartered Accountant (CA) or a similarly qualified auditor appointed by the Leadership.
8.2 Scope of Audit:
The audit shall verify all income and expenditures; confirm the existence and valuation of assets and liabilities; ensure compliance with financial bylaws; and detect any misappropriation, fraud, or financial irregularity.
8.3 Audit Report:
A comprehensive written audit report must be submitted to the President, Vice-President, and Managing Committee within 30 days of the audit's completion.
This report shall be maintained in both physical and digital form for a minimum of 10 years.
8.4 Member Access:
Members may request to review the audited financial statements upon written application to the Secretary, to be conducted under supervision at a pre-arranged time.
8.5 Special Audit:
The Leadership may order a special audit at any time if fraud, malpractice, or a serious financial complaint is suspected.
8.6 Regulatory Compliance:
All audits shall be conducted in accordance with the Tamil Nadu Societies Registration Act, 1975, and other applicable financial regulations.