This is a sample alert
Our client, a non-profit organisation is looking to engage with an Internal Auditor – either an individual or agency – who can work with them periodically during the year.
Below is the objective and scope of the internal audit. An annual internal audit needs to be done for FY 2021-22.
The objective of audit shall be as under:
Examination and evaluation of the adequacy and effectiveness of internal control systems linked to financial systems and statutory aspects
Review of the accuracy and reliability of the accounting and financial records
Review of means of safeguarding assets
Testing of the reliability and timeliness of the regulatory reporting
The focus is to support on strengthening the financial systems based on the gaps identification
The scope of audit shall be as under:
1. Grants
Review of management of Grants including budgeting, monitoring and compliance with grant conditions.
Funds have been utilised towards the purpose of the grant,
Review the processes followed in utilizing the grant amount,
Conduct Field Visits including validating field level documents
2. Reporting Framework
Understanding of the Financial Reporting Framework as per the grant letter
3. Institutional Framework
Analyzing operational policies and procedures
Review and verify that powers are exercised as per the Delegation of powers
4. Key IT Controls
Review of Tally Structure, Access Controls
Review of Back up & Restore and Disaster Recovery Procedures
5. Finance and Accounting System
Review the maintenance of Books of Accounts.
Review of Cash Flows
Review of Record Keeping including Fixed Asset register
Review of Actual Expenses against budgets
Review of process for payments
6. Statutory Compliance
Societies Act
Review the Statutory Compliances pertaining to the applicable laws of the organisation (FCRA, Provident Fund Act, ESIC Act, Gratuity Act, POSH Act)
Income tax Act, 1961:
1. Verify that proper tax has been deducted and paid within the due dates
2. Verify that quarterly TDS Returns have been filled within the due dates
3. Verify annual Income Tax Return is filled within the due dates.
Review of minutes of Board and Annual General meetings
Review of maintenance of Statutory Registers under Societies Act under which the organisation is registered.
Please note: 3 months onsite - Mumbai
1. 8-12 years relevant work experience
2. Chartered Accountant / MBA Finance
3. Experience of working in impact investment fund, social sector or grant
organization, start-up or social enterprise
A not-for-profit organization
Development/Not-for-Profit
8+ years
1
Build your
skill profile
Strengthen it
with feedback
Determine your
optimal fee level
Apply for matching
projects
Get finalized
Stay Engaged
FMCG
Financial & Investment
Professional services - Finance & Accounting
FMCG
Professional services - Finance & Accounting
Professional services - Finance & Accounting
Professional services - Finance & Accounting
Professional Services - Data Analytics
Professional Services - Consulting
Professional Services - Consulting
Professional services - Finance & Accounting
Electricial Utilities and Power Producers
More than 3000 clients rely on Flexing It today
We host both full-time & part-time projects from top clients for 100+ skill categories. We also help connect experts like you with clients for short consultation calls called Flexperts
You just need to create a ‘boutique firm’ account during the registration process. The rest of the application process remains the same.
Our freelancers fee benchmarking tool, FeeBee helps our freelancers and consultants find out what their peers charged for similar projects. Built on 600K+ verified benchmarks, registered users get unlimited access to it.
As a freelancing platform, we do not provide permanent positions or full-time job to our consultant network.
Flexing It will be involved end to end right from contracts to invoicing. Once you are finalized, your payment details are transparently laid out in your contract terms with your client and our team actively liaises with the client finance team to ensure timely payments.
We do not charge any fee or commission from you. Your fee quote will be paid out to you in full as per your project contract.