The document defines NPOs as private organizations that pursue activities to relieve suffering, promote the interests of the poor, protect the environment, provide basic social services, or undertake community development. NPOs are usually granted tax exemptions. NPOs obtain funding from sources like sponsorship funds, admission fees, grants, donations, and fundraising campaigns. The goal of auditing NPOs is to express an opinion on whether the organization used its funds in a financially sound manner by reviewing financial books and verifying inventories and expenditures.

2. MEANING OF NPO
Voluntary effort has always been an integral part
of Indian culture and social tradition. The World
Bank defines NPOs as “private organizations
that pursue activities to relieve
suffering, promote the interests of the
poor, protect the environment, provide basic
social services, or undertake community
development”. Registered NPOs are usually
granted tax exemptions .

3. Activities undertaken by
NPO’s
I. Sport-O-Pedia
II. World HABITAT Day
III. BULL FIGHT
IV. World NON VIOLENCE Day
V. Recycle Bin

4. From where does a NPO gets
funds from ????
 Sponsorship funds
 Admission fees
 Grants
 Donations
 Fund raising campaigns and annual
events

5. Definition of audit
 The goal of an audit is to express an opinion of the
person / organization / system (etc.) in
question, under evaluation based on work done on
a test basis. An audit reviews and verifies the
financial books of an organization. The primary role
of the auditing is to ensure that the funds of the
organization are used in a consistent and
financially sound manner. An audit committee is
charged with protecting the organization's financial
assets as well as its name and reputation.

6. Audit Requirements
 Select an audit team or committee
 Develop a written plan
 Check the inventories
 Inspect entity

7. How is auditing done of a
NPO
 Incoming Money
 Expenditures
 Closing the Fiscal Year
 Tax Audit

8. Auditors report
 Examining, the evidences
 Evaluating the overall functional
statements

10. DONE BY: