Independent Auditors’ Report
To the Members of Common Cause
Report on the Financial Statements
We have audited the accompanying financial statements of Common Cause (“the Society”), which comprise the Balance Sheet as at March 31, 2020 and the Income & Expenditure Account for the year then ended and a summary of significant accounting policies and other explanatory information.
Management’s Responsibility for the Financial Statements
Management is responsible for the preparation of these financial statements that give a true and fair view of the financial position, and financial performance
of the Society in accordance with the accounting principles generally accepted in India. This responsibility includes the design, implementation and maintenance of internal control relevant to the preparation and presentation of the financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.
Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with the Standards on Auditing issued by the Institute of Chartered Accountants of India. Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatements.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Society’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of the accounting estimates made by management, as well as valuating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
In our opinion and to the best of our information and according to the explanations given to us, the aforesaid financial statements give the information required in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India:
- In the case of the Balance Sheet, of the state of affairs of the Society as at March 31, 2020; and
- In the case of the Income & Expenditure Account, of the surplus (excess of Income over Expenditure) for the year ended on that date.
Report on Other Legal and Regulatory Requirements
We report that:
- we have obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purpose of our audit;
- in our opinion, proper books of account as required by law have been kept by the Society so far as appears from our examination of those books;
- the Balance Sheet and the Income & Expenditure Account dealt with by this Report are in agreement with the books of account; and
- in our opinion, the Balance Sheet, and the Income & Expenditure Account comply with the applicable Accounting Standards issued by the Institute of Chartered Accountants of India.
For VKGN & Associates Chartered Accountants ICAI Firm Regn. No. 012897N
Vijay Gupta Partner Membership No. 081986 UDIN: 19081986AAAAGS1330 Place: New Delhi Date: December 28 , 2020