It seems like you're dealing with a budgeting issue, possibly related to a school project or organization. While this isn't specifically an academic question, here's a simple understanding you might find helpful: Hiring an external auditor, despite the cost, can be an essential step for ensuring transparency and accuracy in financial reporting. An external auditor provides an objective assessment of financial statements, which can build trust among stakeholders and potentially help attract more funding in the long term. If you're working within a limited budget, it might be helpful to: Prioritize Needs: Determine if an external audit is a requirement or if internal reviews would suffice temporarily. Budget Reallocation: Consider reallocating funds from less critical areas, if possible. Volunteer Audit: Check if any experienced volunteers or partners might be willing to audit for lesser or no fees. Long-Term Benefits: Weigh the immediate costs against the long-term benefits of credibility and financial health audits can provide. In case this relates to an academic project or subject study, feel free to ask more specific questions!

This is no where mention that we are low of funding.

The issue is lack of extra curricular activity. But the Corporate sponsors raised the concers of Financial transparency. So the external audit will be helpful

i am unable to understand the reason we have already low funding and in order to hire an external auditor we will have to spend more.

i am unable to understand the reason we have already low funding and in order to hire an external auditor we will have to spend more.