Audit report requirement for tax-exempt charitable and educational institutions mandates standardized financial disclosure and certifications. Amendment adds rule 16CC prescribing Form No.10BB as the mandatory audit report for funds, trusts, institutions, universities, educational institutions, hospitals and medical institutions claiming exemption under the noted sub-clauses of section 10(23C). The audit must examine and certify that the balance sheet and income and expenditure or profit and loss account agree with books of account, that proper books have been kept, and that the accounts give a true and fair view; negative or qualified answers must state reasons. The Form requires Parts A-C disclosures on identity, application and accumulation of income, investments, business income, transfers, voluntary contributions and anonymous donations.