Amendment status not verified — confirm the current text below against the official source.
(1) The accounts of every co-operative society shall, at least once in each year and by such date as may be prescribed, be audited by the Registrar or by an audit officer authorised by him in this behalf by general or special order in writing. (2) In respect of every audit of its accounts, a co-operative society shall pay such audit fee, and in such manner, as may be prescribed. (3) If at the time of audit the accounts of a co-operative society are not complete, the Registrar or, with his approval, the audit officer may cause the accounts to be written up at the expense of the society. (4) The audit under sub-section (1) shall include— (a) a verification of the cash balances and securities; (b) a verification of the balance of the credit of the depositors and creditors and of the amounts due from the debtors of the society; Registrar to be responsible for audit and to have power to have the accounts written up; nature of audit. 209 The West Bengal Co-operative Societies Act, 1973. [West Ben. Act Audit officer's report, and rectification of defects mentioned therein. Constitution of an authority to supervise working of co-operative societies. (Chapter IX. Audit, inspection and inquiry.—Sections 80, 81.) (c) an examination of overdue debts, if any; (d) a valuation of the assets and liabilities of the society; (e) an examination of the transactions, including the monetary transactions of the society within such limits as may be prescribed; (f) an examination of the statement of accounts to be prepared by the managing committee in such form as may be prescribed; (g) a certification of the realised profits; and (h) any other matter that may be prescribed. (5) The statement of accounts thus audited, together with the modifications, if any, made therein by the Registrar, shall be final and binding on the co-operative society.