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AUPE GENERAL SERVICES CO-OPERATIVE LTD |
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12. |
THE AUDITORS |
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12.1 |
The books and accounts of the Society shall be audited by an external auditor authorised by the Registrar, once at least in every year. The auditor shall inspect and audit the accounts and other relevant records of the Society and shall forthwith draw the attention of the Registrar and the Society to any irregularity disclosed by the inspection and audit that is, in his opinion, of sufficient importance to justify his so doing. |
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12.2 |
The external auditors shall report: |
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(a) |
whether the financial statements show fairly the financial transactions and the state of affairs of the Society; and |
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(b) |
such other matters arising from the audit as he considers should be report on. |
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12.3 |
The external auditor shall state in his report whether: |
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(a) |
proper accounting and other records have been kept; |
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(b) |
the receipt, expenditure and investments of monies and the acquisition and disposal of assets by the Society during the year have been in accordance with the Act, the Rules and these By-Laws. |
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12.4 |
The external auditor may at any other time report to the Registrar and the Society upon any matters arising out of the carrying out of the audit. |
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12.5 |
The audit of the accounts shall include an examination of and report on over-due debts, if any, and an examination of and report on the valuation of the assets and liabilities of the Society. |
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12.6 |
An external auditor authorised by the Registrar under the Act shall have the same power as are conferred upon the Registrar under the Act to audit accounts of societies. |
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