Financials and External Audit
Organization for Social Advancement & Cultural Activities (OSACA) accounts are audited by Local firms of chartered accountants as part of the requirement of the NGO affairs bureau. Organization for Social Advancement & Cultural Activities (OSACA) provided its entry audited report and project financial statements to the related authorities. For ascertaining the quality of activity achievement along with its drawbacks, the program evaluated annually is an external evaluator. OSACA’s finance and accounts department is responsible for financial planning and record-keeping, managing costs, assets, and liabilities, financing investments, analyzing cash flow and profitability; and preparing budgets and financial frameworks for the development programs. The department is accountable for donor grants, property, provident funds, employee gratuity, salary, tax, and loans. It produces annual and monthly consolidated financial statements and fulfills the rules and regulations of the NGO Affairs Bureau, Microcredit Regulatory Authority (MRA), and other regulatory bodies. Through this department, we ensure effective financial control and transparency of the financial data of our projects and enterprises and confidence from all those with whom we work. OSACA maintains proper books of accounts and records for efficient and transparent financial management.