Executive Summary & Objectives
● Objective /Primary purpose of the internal audit : Good Process and procedures and want to all systems in place like , evaluating operational efficiency, testing internal financial controls, ensuring regulatory compliance, Budget Controls verification, good governance , project and donor reporting
● Period Under Review: Financial Year 2026-2027
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Scope of Audit Work (Core Requirement)
● Finance & Accounts: Verification of Books of Accounts like Bank Book General ledgers, Journal ledgers and Bank account, BRS,Voucher checking.
● Procurement & Vendors: Verification PO – GRN – Invoices and price variance analysis. Random verifications.
● HR & Payroll: Attendance logs vs salary register, manager approval checks. TOR verifications, Renewal TOR, TOR Vs Salary /Fee disbursement, Project TORs.
● Taxation & Statutory: GST/TDS compliances filling Returns , E Chillan .
● IT & Data Security: Role-based user access controls, system logs, data backup protocols, Access rights matrix, user deletion logs for exited employees.
● Assets Verification : Assets verification, identification of Assets at all branch office, quarterly checking verification of assets register access the assets.
● Publication and Brouchers : Verification of publications and stationery, project reports, proposals are in good place or in good conditions.Others controls like kitchen verification like provisions utensil register.
Project Management: Budget Vs Actuals analysis, any discreteness like over spend and under spend and without project expenses . Verification of Reporting’s like project and financial reports FR. Strong controls on issue of products / seed/machineries and civil structure to Beneficiary, and identification of real beneficiary it should avoid dummy beneficiary and records at field level.

● Claims verification: verification of any outstanding claims from any department.

● Governance : Related suggestions on BOT Members Time Period, joing & existing correspondence , CV and BOT meetings.

● Deliverables & Reporting: Interact with Executive Secretary and Finance manager and directors with audit observations and reports and analysis the risk levels root causes, and recommended corrective with action plans.
● Support: Need to support on the areas of GST , FCAR, IT if need and support to Balance sheet and attend the scrutinise along with statutory auditor.