Auditors responsibility to Launching of Prosecution Circular of Co-op. Department.

DEAR MEMBERS,

 

The Co-operative department issued circular dated 14th July, 2010 on "Launching of prosecution on account of misutilisation and Misappropriation of Funds of Cooperative Societies".

 

It has been stated in said circular that "when departmental auditors do "Special or Test Audit" they are reporting the misutilisation and misappropriation of funds of Co-operative Societies. However, Statutory Audit report does not reflect misutilisation and misappropriation of funds of the same year.

 

The circular is really bad in test and we should strongly condemn the abrupt conclusion / allegations made in said circular.

 

The pdf file is attached herewith.

 

Regards,
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CA.C.V.PAWAR
0253-2319641. M-9423961209

 

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