TYPES OF AUDIT
The audit of Co-operative societies are being conducted in two ways (i.e)
(1) CONCURRENT AUDIT:
The Concurrent Auditors are required to conduct the audit of small Societies whose final audit would be completed with in a period of 45 days and below. These small sized Co-operative societies were grouped into single audit chart and the same was entrusted to a auditor in a particular Head quarters. He will conduct and complete the audit of these societies one by one. The Audit Fees are levied according to the grade of the Auditor conducting the audit and on the basis of the actual man days taken for audit of accounts of the Societies concerned.
(2) F.R.127 AUDIT:
In the bigger type of societies having huge transaction where the requirement of man days for audit exceeds 45 days, audit posts are sanctioned under F.R. 127 terms. The Director of Co-operative Audit appoints one or more auditors specially or exclusively for the audit of accounts of one or more Societies for which he gets bulk sanction of posts from the Government for a specified period under F.R..127 terms and appoints them to audit the accounts of the Societies.
Under the control of this Department, there are around 18000 Cooperative societies are to be audited. These societies are under the control of various Functional registrars as follows:
The List of Cooperative Societies are furnished below:
Details of work turned out by the Department during the last five years is as follows:
Achievement of Co-operative Audit Department
The Department of Co-operative Audit is conducting the Audit of nearly 17,000 Co-operative societies (except milk Co-operatives) in the state of Tamil Nadu.
Right from the inception (17.6.1981) of this Department, the audit of Cooperative societies was pending for nearly three years. In order to bring down the pending in audit, the Department has taken drastic measures and earnest efforts from 2000-01 and as a result of continuous efforts of the Department, the Department has cleared the pending in audit and current year audit is being conducted in all the societies through out the state of Tamil Nadu.
While, the pending in audit in Co-operative societies is prevailing in most of the states in India, the conducting of current audit in Tamil Nadu is a great achievement of this Department at the National level.
The Department of Co-operative Audit is proud to say that the NABARD had appreciated this Department for achieving the above said feat.