Audit & Attestation
Co-operative Housing Society Audit
Statutory audit of co-operative housing societies under the applicable State Act.
Overview
Audit of co-operative housing societies is carried out under the relevant State Co-operative Societies Act and the rules made thereunder, including reporting in the prescribed audit format and the classification of the society.
The engagement is performed in accordance with the Standards on Auditing issued by the ICAI, read with the requirements of the Registrar of Co-operative Societies.
Scope & areas covered
- Statutory audit under the applicable State Co-operative Societies Act
- Verification of member records, share capital and contributions
- Examination of maintenance, sinking and repair funds
- Reporting in the prescribed form and audit classification
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