Question

The authority to appoint an auditor for the audit of a co-operative society is:

• A. Director of Co-operative Audit
• B. Government
• C. General body of the concerned society
• D. Registrar of Co-operative Society

Answer 1

Answer:

C. General body of the concerned society

The general body of the concerned co-operative society is the authority responsible for appointing the statutory auditor. This appointment is made from a panel of auditors or auditing firms approved by the Director of Co-operative Audit or the Registrar of Co-operative Societies, depending on the specific state's Co-operative Societies Act and Rules. The managing committee is generally responsible for convening the meeting to make this appointment, but the final appointing authority rests with the members in the general meeting.