New Guidelines Aim to Boost Financial Transparency for Indian NGOs

Aria CFO Services has launched the 'True Cost Computation and Communication Guidelines for NGOs in India,' aimed at enhancing financial transparency and efficiency within the social sector. The guidelines address the challenges NGOs face in budgeting and financial management. They were unveiled with contributions from multiple stakeholders and seek to foster stronger partnerships and trust between NGOs and funders.

NEW DELHI - 13 September: Aria CFO Services has introduced the 'True Cost Computation and Communication Guidelines for NGOs in India' to address the challenges of financial transparency and efficiency within the social sector.

Unveiled in New Delhi, the guidelines come at a crucial time as India strides towards its 'Viksit Bharat' (Developed India) vision. NGOs contribute nearly 2% to India's GDP yet often face considerable hurdles in financial management.

This first-of-its-kind effort includes input from funders, NGOs, and Chartered Accountants, and aims to standardize financial presentations, enhance budgeting accuracy, and foster stronger partnerships between stakeholders.

(With inputs from agencies.)