We have audited the attached Balance Sheet of Common Cause (`the Society') as at March 31, 2012 and the Income and Expenditure Account for the year ended on that date annexed thereto. These financial statements are the responsibility of the Management of the Society. Our responsibility is to express an opinion on these financial statements based on our audit.
We conducted our audit in accordance with auditing standards generally accepted in India. Those Standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.
We report that:
i. We have obtained all the information and explanations, which to the best of our knowledge and belief were necessary for the purposes of our audit;
ii. 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;
iii. The Balance Sheet and the Income and Expenditure Account dealt with by this report are in agreement with the books of account; and
iv. In our opinion and to the best of our information and according to the explanations given to us, the said accounts give a true and fair view in conformity with the accounting principles generally accepted in India:
a. In the case of the Balance Sheet, of the state of affairs of the Society as at March 31, 2012; and
b. In the case of the Income and Expenditure Account, of the Deficit in the Society for the year ended on that date.
For VKGN & Associates
Firm Registration No.: 012897N
Membership No: 081986
Place: New Delhi
Date: September 21, 2012
(Due to space constraints, copies of the balance sheet, profit and loss statement and annual report will be provided during the AGM).