Annual Report

Annual Financial Audit Statement

At Global Humanitarian Aid & Social Development INC, we uphold the highest standards of financial integrity and transparency. Our financial year, running from January 1st to December 31st, includes a comprehensive financial audit conducted by an independent, certified public accounting firm. This annual audit is integral to our commitment to accountability and transparency, and serves as a key part of our dedication to these principles.

Key Findings of This Year’s Audit:

  • Compliance: The audit verified that our financial operations conform to generally accepted accounting principles (GAAP) and comply with state and federal regulations.
  • Resource Allocation: It evaluated our efficiency and effectiveness in using resources to further our mission, confirming alignment with donor intentions and organizational goals.
  • Financial Health: The audit assessed our fiscal health, ensuring that we have the stability required to continue our work effectively.
  • Risk Management: Our internal controls and risk management strategies were examined, affirming that robust measures are in place to protect our assets and guarantee accurate financial reporting.

 Transparency Commitment:

Transparency is a cornerstone of our organization. We are committed to providing stakeholders with clear, accessible financial information. The findings of our annual audit are made public and are available on our website for review. This openness is not just a practice but a promise to ensure that every stakeholder can see and understand how we manage and utilize the funds entrusted to us.

 

Looking Forward:

As we move forward, Global Humanitarian Aid & Social Development INC is dedicated to using every contribution efficiently to make a significant impact on the lives we touch. We will continue to refine our financial practices, ensuring that the trust placed in us is well justified.

 

We are profoundly thankful to all our donors, volunteers, and staff for their enduring support. Your commitment helps us maintain our mission and uphold our promise of transparency.