Question

Which of the above statement is true?

1. Statement I: The chief of audit of the Co-operative society is the registrar of Co-operative audit.
2. Statement II: The Director of Co-operative audit shall be under the control of registrar of Co-operative societies.

• A. i only correct
• B. None of these
• C. i, ii correct
• D. ii only correct

Answer 1

Answer:

D. ii only correct

Yes, the Director of Co-operative Audit is under the control of the Registrar of Co-operative Societies:

• The Chief Auditor of the Co-operative Department works under the general control of the Registrar of Co-operative Societies.

• The Director of Co-operative Audit approves a panel of auditors or auditing firms, and the managing committee must appoint one from that panel within a stipulated time.

• If the managing committee fails to appoint an auditor or auditing firm, the Registrar can appoint an Administrator or an Administrative Committee to manage the society's affairs.