Main purpose of audit of a trust is for the auditor to satisfy himself about the genuineness of the claim for exemption under section 11 and also whether the institution has complied with all the requirements prescribed by the statute.

UTC is issued for the purpose of government grants. Audit of expenditure from grant received from government and utilisation of the fund is given in this certificate. It is compulsory for all trusts receiving government grants to give this certificate duly certified by th Chartered Accountant