Overview
Overview
Co-operative societies are audited under the State co-operative law, often in prescribed formats with audit classification.
We conduct the audit, prepare the report and rectification guidance, and advise managing committees on compliance.
Who this is for
- Co-operative housing societies
- Credit co-operative societies
- Resident welfare associations
Scope of work
The precise scope is confirmed in writing for each engagement. It typically includes:
- Statutory audit under State law
- Audit memo and classification
- Income-tax return of the society
- Guidance on maintenance and sinking funds
Documents usually required
- 01Registration certificate and bye-laws
- 02Books, receipts and bank statements
- 03Previous audit report
We share a checklist specific to your case. Please do not send identity or financial documents by email — existing clients can upload them securely through the client portal.
How we work
- 1
Engagement acceptance
Independence checks, engagement letter and agreement on scope, timelines and reporting.
- 2
Planning & risk assessment
Understanding the entity, its controls and the areas that need the most attention.
- 3
Fieldwork
Testing of transactions, balances and controls, on-site or remotely, with regular status updates.
- 4
Discussion of findings
Observations are discussed with management before the report is finalised.
- 5
Reporting
Issue of the report in the applicable format, along with a management letter where relevant.
Frequently asked questions
Who appoints the auditor?
Generally the general body appoints the auditor from the panel or as permitted under State law.
Last updated 11 Oct 2026. This page is general information, not professional advice. Applicability depends on your facts and the law in force; we do not guarantee any particular outcome, saving, registration or approval.