Audit Report 2022

The audit report of Godavari Housing Society for the year 2022 was conducted by an independent auditing firm, which reviewed the organization’s financial statements and internal control systems. The audit report provided an unqualified opinion, which means that the financial statements are accurate and comply with accounting principles and regulations.

The audit report highlighted several key findings, including:

  1. Sound financial management: The audit report praised the organization’s financial management practices, including its effective budgeting and cash management procedures. The report noted that the organization has sufficient financial resources to meet its obligations and maintain its operations.
  2. Robust internal controls: The audit report also praised the organization’s internal control systems, which ensure that financial transactions are accurately recorded and that there is no misuse of funds. The report noted that the organization’s board of directors is actively engaged in overseeing financial operations and ensuring compliance with regulations.
  3. Strong governance practices: The audit report commended the organization’s governance practices, including its adherence to cooperative principles and its commitment to transparency and accountability. The report noted that the organization’s members have a strong voice in decision-making processes and that the board of directors operates with integrity and professionalism.

Overall, the audit report of Godavari Housing Society for the year 2022 provides a positive assessment of the organization’s financial health and management practices. The report demonstrates that the organization is committed to transparency, accountability, and good governance, which are essential for building trust and confidence among its members and stakeholders.

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Godavari CHS, Shantivan, Borivali East, opp Bombay Bakery, Mumbai – 400066

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