What is the Statutory Audit of Societies?

A society is a group of people who join together for a common purpose, such as charity, education, sports, culture, welfare or housing. In India, there are two common kinds of societies:

The audit of a society is a yearly check of its books of accounts by an independent Chartered Accountant (CA). The auditor confirms that the accounts are correct, the money is used for the society's purpose and the rules of the law are followed.

CA Arpit Gupta provides audit and compliance support to registered societies, cooperative societies, housing societies and resident welfare associations.

Is Audit Compulsory for a Society?

The answer depends on the type of society and your state. This table gives a simple view:

Societies Act rules are different in each state. We check the rules of your state before the audit starts.

What Documents Are Needed for Society Statutory Audit?

• Registration certificate and bye-laws of the society
• PAN and TAN of the society
• List of members and the managing committee
• Trial balance and ledgers
• Cash book and bank statements for the full year
• Receipts for membership fees, donations and maintenance charges
• Vouchers and bills for expenses
• Fixed asset register
• Investment and FD details
• Loan statements, if any
• Minutes of general body and committee meetings
• Member dues list and share register
• TDS returns, GST returns and tax payment challans
• Salary registers and PF or ESI records, for staff
• Details of grants and foreign donations, if any
• 12A, 12AB and 80G orders, for tax-registered societies
• Previous year's audited accounts, audit report and Income Tax Return

If your records are not complete, we can help you organise and correct them before the audit.

How Does Our Society Audit Process Work?

1. Call or WhatsApp us on +91-7081220600
2. Tell us about your society like type, income, registration and the past audit status
3. We check the audit rule for your state and the Income Tax need
4. We confirm the auditor panel rule, if you are a cooperative or housing society
5. We share the proposal and fee after checking our independence
6. We send the document list and a timeline
7. You share the books and records
8. We audit the accounts and check receipts, payments, member dues and compliance
9. We share the findings and suggest corrections
10. We prepare the audited accounts and the audit report, with UDIN
11. We help with the filings for registrar returns, Form 10B, ITR, Form 10BD and others as required
12. We remind you about the next due dates

What Mistakes Should You Avoid?

• Thinking that a small or local society does not need any audit
• Not holding the general body meeting to adopt the accounts
• Appointing an auditor who is not eligible or not on the Registrar's panel
• Mixing personal money of office bearers with the society's money
• Not keeping proper receipts and member ledgers
• Not following the bye-laws for large payments
• Delaying the audit report and the Income Tax filing
• Ignoring the defects pointed out by the auditor
• Not filing the annual list of the managing committee
• Missing the renewal of 12A, 12AB and 80G

Why Choose CA Arpit Gupta for Statutory Audit of Societies?

• Practising Chartered Accountant
• Understanding of society rules
• Complete filings of audit report, ITR, Form 10BD and other forms from one place
• Support for housing societies and RWAs
• Registration help
• Honest feedback
• We explain every point clearly for committee members
• Easy contact

Get Your Society's Audit Done on Time

Do not wait for a notice from the Registrar or a dispute among members. Share your society's details with CA Arpit Gupta, and we will complete your audit and the filings that go with it.

Call or WhatsApp CA Arpit Gupta at: +91-7081220600.