Electoral trust audit reporting requires certification of accounts, disclosure of contributions, distributions, and dealings with interested persons. Audit report in Form No. 181 under rule 289 for an electoral trust requires certification of the balance sheet and income and expenditure account, together with particulars of contributions received and distributed, administrative or management expenditure, surplus carried forward, and compliance with distribution and record-keeping requirements. The report also mandates disclosure of dealings with interested persons, including transactions above the prescribed threshold, payments, loans, and diversion of income or property, with annexures where affirmative answers are given and reasons where any answer is negative or qualified.
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Electoral trust audit reporting requires certification of accounts, disclosure of contributions, distributions, and dealings with interested persons.
Audit report in Form No. 181 under rule 289 for an electoral trust requires certification of the balance sheet and income and expenditure account, together with particulars of contributions received and distributed, administrative or management expenditure, surplus carried forward, and compliance with distribution and record-keeping requirements. The report also mandates disclosure of dealings with interested persons, including transactions above the prescribed threshold, payments, loans, and diversion of income or property, with annexures where affirmative answers are given and reasons where any answer is negative or qualified.
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