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From the date of receipt of audit report, DCA shall issue an audit certificate with audit memorandum within a period of --- days as per the KCS Act.

A30 days

B60 days

C45 days

D90 days

Answer:

C. 45 days

Read Explanation:

From the date of receipt of audit report, DCA shall issue an audit certificate with audit memorandum within a period of:

  • 45 days (act)

  • 3 months (rule)

(when act and rule contradicts, act prevails)


Related Questions:

DCA publish the panel of auditors within _____ from getting audit statement from MC

Who are all exempted from payment of Audit fees as per Kerala Cooperative Societies Act , 1969 ?

  1. Any society for first two years of audit irrespective of date of commencement of business
  2. All social welfare and farming societies who don't accept deposits and grant loans/advances
  3. All Cooperative Societies of which all or majority of members are belonging to SC/ST except Apex Cooperative Society
  4. Any Weavers Society until it has completed sixth Cooperative Year after its commencement of business
  5. Vanitha Cooperative Societies
    On completion of the accounting year the registers and accounts of the Co-operative Society have to be produced for audit within
    Audits conducted at regular intervals of time weekly, quarterly or as required by the management is termed
    Audit Memorandum is filed by