|
The
organisation should be registered as Not for Profit Organisation. |
|
The
annual report should comply with the various statutory laws
like Income Tax, FCRA, and Companies Act whatever is applicable. |
|
The
quality of the Financial reports would be judged and evaluated
on the basis of |
|
i. |
The quality of qualifications in the auditors report |
|
ii. |
Compliance with the generally accepted accounting principles
as issued by the Institute of Chartered Accountants of India. |
|
iii. |
Notes to accounts and significant accounting policies |
|
iv. |
Significant accounting policies |
|
v. |
Reporting of income/expenses for financial analysis like
the project cost/program cost, administration cost etc. |
|
vi. |
Donor expenses |
|
vii. |
Graphical representation of the financial data. |
|
viii. |
Clarity in reporting of local and foreign funds/expenses |
|
ix. |
Availability of information of the specific donor/programmes |
| |
|
|
|
The nature and the quality of the information
provided in the annual report would be judged on the basis
of the information
provided like programs, governance and financial reports. For
e.g. |
|
a. |
How the activities of the organisation are presented to
the stakeholders. |
|
b. |
How the Governance of the organisation is portrayed in
the Annual Report |
|
c. |
The demonstration of efficient management of resources,
good governance practices, transparency and accountability |
|
d. |
Impact of services provided to the community |
|
e. |
The ease of using the schedules by the reader of the annual
report |
|
f. |
The ease of using the schedules by the reader of the annual
report |
