DevAaksh Consulting is committed to offering targeted CSR Financial Audit services to companies to help keep you accountable and responsible in CSR compliance and dealing with CSR funds more openly. The scrutiny has increased and there are governance rules under Section 135 of the Companies Act, which means companies can no longer treat CSR expenditures as optional expenses. Tracking and validating CSR expenditures is now a necessity.
Our audits offer a comprehensive way to evaluate the expenditure of a company’s csr funds. You should have a good understanding of where your funds are going, and how they are being deployed, so you can ascertain that your funds are being spent for the right reasons and that they meet the goals and needs the company established and that the company will be responsible for future activities per the law. As financial and social stewards, we ensure your CSR initiatives are not only impactful but also financially sound.
A CSR Financial Audit is a targeted audit process focusing on the utilisation of CSR funds allocated under a company’s CSR obligations. It ensures that the funds spent are compliant with the CSR rules in India, align with Schedule VII activities, and follow the approved action plan.
Unlike a general statutory audit, CSR audits emphasize:
These audits not only safeguard the company against regulatory risks but also strengthen its corporate reputation and stakeholder confidence.
India is one of the few countries with legally mandated corporate social responsibility spending. Companies meeting specific turnover or profit thresholds are obligated to spend 2% of their average net profits over the past three years on CSR.
Recent amendments to the CSR rules in India have increased the focus on accountability. For example:
Our csr utilisation review ensures your processes meet these evolving regulatory demands while upholding ethical spending.
We conduct a detailed audit of all CSR disbursements, contracts, and partner transactions to ensure that csr fund utilisation aligns with approved budgets and board-approved CSR policy. Our process includes both desk reviews and field verification where necessary.
We evaluate the entire fund flow chain—from budget allocation to final on-ground implementation. This financial due diligence for CSR ensures every rupee is spent for the intended outcome and supports continuous improvement in planning and execution.
Our csr utilisation review service includes:
Detailed reports for board committees
Compliance-ready reports for MCA
Internal gap analysis and risk flags
This helps management take timely corrective actions and strengthen internal controls.
We offer third-party audit for CSR projects managed through implementing agencies. This ensures agency accountability, adherence to deliverables, and accurate CSR expenditure tracking.
We help you build a robust documentation system covering:
MoUs with partners
Fund transfer records
Progress reports
Utilization certificates CSR
These records are essential for statutory compliance and audit readiness.
Many corporate social responsibility companies are now focusing on ESG (Environmental, Social, and Governance) reporting. At DevAaksh Consulting, we assist businesses in preparing comprehensive ESG reports, ensuring compliance with legal frameworks and enhancing corporate reputation. Our corporate social responsibility consulting services help companies build trust with investors and stakeholders.
We follow a rigorous and transparent process that meets both national and international standards:
Understand your CSR structure, fund allocation, and policy framework.
Review MoUs, disbursement records, bills, vouchers, and past reports.
Cross-verify fund flow and expenses with on-ground activities and deliverables.
Assess alignment with Section 135 of Companies Act, CSR Rules, and MCA circulars.
Provide clear, actionable reports with audit findings, financial gaps, and recommendations.
Our services are ideal for:
A CSR Financial Audit is a focused review of how CSR funds are planned, allocated, disbursed, and utilized. It ensures compliance with Section 135 of the Companies Act and the CSR Rules notified by the Ministry of Corporate Affairs. This audit helps businesses track their CSR fund utilisation, identify financial gaps, and strengthen transparency in CSR governance.
While CSR financial audits are not explicitly mandatory like statutory audits, companies are required to ensure accurate tracking and reporting of utilisation of CSR funds. Under CSR-2 and MCA guidelines, documentation like utilization certificates for CSR and financial statements are often reviewed by auditors and boards. A CSR audit helps ensure you're compliant with all applicable regulations.
We typically assess:
Project outcome summaries
This helps ensure the CSR expenditure tracking is accurate and auditable.
Unspent CSR funds, especially for ongoing projects, must be transferred to an unspent CSR account or a Schedule VII fund. Failing to monitor or disclose fund usage can lead to penalties under the Companies Act and reputational risk. A structured csr fund monitoring system and audit process prevents such issues.
We work with corporates across sectors including manufacturing, IT, infrastructure, healthcare, energy, and FMCG. Our audits cover a wide range of CSR project domains—education, environment, health, skill development, and more.
A well-executed CSR Financial Audit reflects more than compliance—it reflects your commitment to ethical business, responsible giving, and sound governance. At DevAaksh Consulting, we help you navigate this responsibility with confidence.
Ready to build trust and strengthen accountability in your CSR spend?
Get in touch with DevAaksh Consulting—your reliable partner in CSR compliance, fund tracking, and utilisation audits.
At DevAaksh Consulting, we empower organizations to create lasting, positive change. With over a decade of experience, we provide end-to-end solutions in CSR strategy, impact assessments, NGO partnerships, and ESG reporting, ensuring that your social initiatives make a real difference.
Fill out the form below, and our team will get in touch with you soon.
