Co-Operative Societies Act, 1912
17. Audit
(1) The Registrar shall audit or cause to be
audited by some person authorized by him by general or special order in writing
in this behalf the accounts of every registered society once at least in every
year.
(2) The audit under sub-section (1) shall
include an examination of overdue debts, if any, and a valuation of the assets
and liabilities of the society.
(3) The Registrar, the Collector or any person
authorized by general or special order in writing in this behalf by the
Registrar shall at all times have access to all the books, accounts, papers and
securities of a society, and every officer of the society shall furnish such
information in regard to the transactions and working of the society as the
person making such inspection may require.