To the Board of Trustees,
Frank Islam Roti Foundation,
Jaunpur, Uttar Pradesh
We have audited the accompanying financial statements of the Frank Islam Roti Foundation (the "Foundation"), which comprise the Balance Sheet as of [Date], the Statement of Income & Expenditure for the year ended on that date, and the related notes to the financial statements.
Management's Responsibility for the Financial Statements
The Foundation’s management is responsible for the preparation and fair presentation of these financial statements in accordance with the applicable accounting standards. This includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
Auditor's Responsibility
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 (ICAI). 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 misstatement.
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 Foundation’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 accounting estimates made by management, as well as evaluating 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.
Opinion
In our opinion, the financial statements give a true and fair view of the financial position of Frank Islam Roti Foundation as of [Date], and of its financial performance and its cash flows for the year then ended in accordance with the applicable accounting standards.
Report on Other Legal and Regulatory Requirements
As required by the provisions of Section [Specific Section of Law] of the [Applicable Act], 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 Foundation, so far as it appears from our examination of those books.
- The Foundation’s financial statements comply with the provisions of the applicable accounting standards and the applicable laws governing non-profit organizations.
- No financial irregularities were found during the course of our audit.