At The Akshaya Patra Foundation, we strive to uphold transparency as the absolute priority towards maintaining trust and credibility with all our stakeholders. We believe that internal control is the key to good governance. Therefore, we have put in place stringent measures that meet the highest standards of transparency.
We have appointed SS Kothari Mehta & Co and Brahmayya & Co as our internal auditors to ensure systems and compliance. The Foundation’s Audit Committee reviews their report.
The Audit Committee is a sub-committee of the Board of Trustees established to ensure the effectiveness of the internal control environment. It comprises eminent individuals from the finance domain and serves as a link between the management, the statutory and internal auditors, and the Board of Trustees, and oversees the financial reporting process.
The Composition of the Audit Committee is as follows:
KV Chowdary, IRS (Retired) – Chairman
Former Chairman, Central Vigilance Commission (CVC)
Former Chairman, Central Board of Direct Taxes (CBDT)
KV Chowdary is an officer of the 1978 batch of Indian Revenue Service (IRS) who has served as the Chairman of the Central Vigilance Commission (CVC) and the Chairman of Central Board of Direct Taxes (CBDT). He has worked in the Department of Revenue as an Under Secretary and the Department of Company Affairs as a Deputy Secretary. A graduate in Mathematics from Loyola College, Chennai, and Post-Graduate in Mathematics from IIT Madras, he has held several executive positions in the Income Tax Department. An eloquent orator, he regularly addresses trade associations and chambers of commerce, including FICCI, CII and Indo American Chamber of Commerce, delivering talks on issues relating to integrity, anti-corruption, transparency and governance, etc. Currently, he holds directorship in CCL Products (India) Limited and Reliance Industries Limited.
Director of Thought Arbitrage Research Institute (TARI)
Former partner of PricewaterhouseCoopers (PwC)
Kaushik Dutta is the director of Thought Arbitrage Research Institute (TARI), an independent not-for-profit research think-tank focusing on corporate governance, public policy and sustainability, and the former partner of PricewaterhouseCoopers (PwC). He is a member of the Institute of Chartered Accountants of India (ICAI), National Council at Confederation of Indian Industry and CII’s National Council on Corporate Governance. He has been on the boards of various Indian and multinational companies on Corporate Governance initiatives and processes. He holds an undergraduate degree from St. Xavier’s College and has a vast experience in corporate governance, social responsibility, business planning and public policy. He has been a visiting faculty at IIM-Lucknow and IIM-Calcutta for the Financial Statements and Reporting course. He has co-authored books such as Corporate Governance: Myth to Reality and India Means Business: How the Elephant Earned Its Stripes.
Noshir H Dadrawala
CEO of the Centre for Advancement of Philanthropy (CAP)
Former Director of the Board of International Centre for Not-for-profit Law (ICNL)
Noshir H Dadrawala is the CEO of the Centre for Advancement of Philanthropy (CAP). His thorough understanding and experience of various non-profit laws, matched with a practical background of consultations with over a thousand non-profits over the past thirty-three years, make him one of the topmost consultants on legal compliance for non-profits and Corporate Social Responsibility (CSR) in the world. He is on the advisory council of the International Centre for Not-for-profit Law (ICNL). He serves as a trustee on several boards, including The Forbes Marshall Foundation, Bombay Community Trust and Bharatiya Samaj Seva Kendra. He has authored several resource books, including The Art of Successful Fund Raising and Merchants of Philanthropy. He is also a visiting faculty at renowned institutes, such as the S.P. Jain Institute of Management & Research and Tata Institute of Social Sciences (TISS).