Audit Manual - Core Treasury System Uttarakhand

Government of Uttarakhand
Audit Manual
Sr. No Activity Risk Audit Steps
the member (Cooperative Society Act , Section 12)
• Verify whether the individual member does not hold shares more
than 20% of total shares of limited liability society or the
prescribed share value (Cooperative Society Act ,Section 5)
• Verify whether a certified copy for registration is received for any
amendment (Cooperative Society Act ,Section 11)
• Verify whether the Society maintains a record of its member for
recovery of dues to society (Cooperative Society Act ,Section 23)
• Verify whether any money lent on security of movable property is
approved by the registrar (Cooperative Society Act ,Section 29)
24 Books and Registers required to be
maintained by Co-operative Societies
• Non-maintenance of essential books and
registers
Minute Book:
• Verify whether a Minute book is maintained by the Co-operative
Society
• Verify whether the Minute book is duly updated with respect to the
essential details such as Collection of Share Capital for new
shares allotted, Refund of share capital, Acceptance of deposits
and refunds thereof, Loans borrowed from the Central Bank,
Disbursements of loans to members, Investment of funds in
outside securities, Disbursement of dividend on Share Capital,
Page 466 of 705