Organizations that receive foreign contributions, such as non-profit organizations, non-governmental organizations (NGOs), societies, trusts, and other entities, are required to comply with the provisions of the FCRA. One of the compliance requirements is the annual audit of the organization's accounts related to foreign contributions.

Here's an overview of the FCRA audit: 

Mandatory Audit: Organizations registered or granted prior permission under the FCRA are required to undergo an annual audit of their accounts. This audit specifically focuses on the utilization of foreign contributions and ensures compliance with the FCRA provisions.

Chartered Accountant (CA) Audit: The FCRA audit must be conducted by a practicing Chartered Accountant (CA) in India who is qualified to undertake such audits. The CA examines the organization's financial records, transactions, and utilization of foreign contributions to ensure compliance with the FCRA provisions.

Form FC-4: After completing the audit, the organization is required to submit a report in Form FC-4 along with audited statements of accounts, including the balance sheet and income and expenditure statement, to the Ministry of Home Affairs, Government of India.

Due Date for Audit and Filing: The due date for conducting the FCRA audit and filing the annual return with the Ministry of Home Affairs varies depending on the organization's financial year. Generally, the audit must be completed and the annual return must be filed within a specified period after the end of the financial year.

Compliance and Penalties: Non-compliance with the FCRA audit requirements and other provisions of the FCRA can result in penalties, cancellation of registration or prior permission, and other legal consequences.

Overall, the FCRA audit is an essential compliance requirement for organizations receiving foreign contributions in India, ensuring transparency, accountability, and compliance with the FCRA provisions.