Maharashtra Co-operative Housing Society Bye Laws
XV. AUDIT OF ACCOUNTS OF SOCIETY
The society may, if it considers it necessary, appoint an internal Auditor,
to audit the accounts of the society, at the annual meeting of the general
body and fix his remuneration.
The Secretary of the society shall produce or cause to be produced all
the books, registers, records before the internal auditor and the
Statutory Auditor, in the office of the society or where the records are
normally kept and furnish such information as may be required by him
for the conduct of the audit of the accounts of the society.
On receipt of the audit reports from the Statutory and internal Auditors,
the Secretary of the Society shall prepare draft audit rectification
reports on the objections raised and suggestions made, in the form 'O'
prescribed under Rule 73 of the MCS Rules, 1961 and place the same
before the meeting of the Committee, held next after the date of the
receipt of the audit reports, for its approval. Further action on the audit
rectification report shall betaken as provided under the said Rule.