Two methods of data collection are employed in this paper. The first method involves the use of content
analysis on archival data from the annual reports for the year 2011. The annual reports were collected
from offices of the organizations selected as our sample. The accounting and auditing practices were
analyzed with reference to several variables related to financial reporting. Descriptive statistics is used to
analyze the current state of NGO financial reporting.In order to gain a deeper understanding of the
financial reporting practices and choices, in-depth interviews were conducted with the executives from
the selected NGOs. The purpose of the interviews was to complement the content analysis. The
interviews were recorded on a digital recorder and were later transcribed and analyzed