Strengthening Governance. Ensuring Transparency. Building Trust in Cooperatives.
At Gaurav Jain & Associates, we offer specialized Cooperative Audit Services to societies registered under the Cooperative Societies Act. Our audits are designed to enhance financial transparency, strengthen internal controls, and ensure statutory compliance for cooperative banks, credit societies, housing societies, and more.
What is a Cooperative Audit?
A Cooperative Audit is a statutory audit mandated under various state-specific Cooperative Societies Acts, focusing on:
- Accuracy of financial statements
- Accuracy of financial statements
- Review of member transactions and surplus distribution
- Evaluation of internal control systems and governance practices
Unlike general audits, cooperative audits require a deeper understanding of cooperative principles and society-specific regulations.
Scope of Our Cooperative Audit Services
- Statutory audit as per the relevant Cooperative Societies Act
- Review of income, expenses, loans, deposits & member accounts
- Verification of cash and bank balances
- Scrutiny of loan documentation and recovery procedures
- Compliance with state cooperative department guidelines
- Preparation of Audit Memorandum and submission to Registrar
- Advisory on governance, surplus utilization & regulatory reporting
Types of Cooperative Institutions We Serve
- Urban Cooperative Banks
- Credit Cooperative Societies
- Agricultural & Multi-purpose Societies
- Housing & Property Societies
- Employees & Industrial Cooperative Societies
- Cooperative Consumer Stores
Audit Expertise Across States
We conduct cooperative audits across multiple Indian states, including:
- Rajasthan Cooperative Societies Act
- Maharashtra Cooperative Societies Act
- Delhi State Cooperative Rules
- Other regional cooperative legislations and guidelines
Why Gaurav Jain & Associates?
- CMA-led team with deep understanding of cooperative functioning
- Registered & qualified auditors under state cooperative registrars
- Experience in audits for societies with large member bases
- Transparent audit methodology and timely submissions
- Advisory on compliance, accounting, and surplus application