Society Solutions
manage your society better
AUDIT RECTIFICATION REPORT
It is mandatory for society to rectify observation mentioned in audit report.
​
Q1. How to rectify observation?
Auditor might have mentioned set of defaults in audit report. It is responsibility of management committee to rectify those defaults by taking necessary action.
​
Q2. What after rectifying defaults?
Committee to submit Form O – Audit Rectification Report to auditor mentioning the fact and auditor further will put necessary remark on form O.
​
Q3. Is there any time limit for submission of Form O to auditor?
Yes. Form O should be submitted to auditor within 3 months from the date of submission of report by auditor.
​
Q4, What details committee need to mention in Form O?
We have attached Form O format for your reference. You can view and download the format.
​
Q5, Whether Form O is to be uploaded on Cooperative website?
Yes. Form O is to be uploaded on Cooperative website.
​
Q6. Who is responsible to upload form O on Cooperative website?
It is responsibility of auditor to upload Form O from auditor login.
​
Q7. What if Form O is not submitted?
Register will step in to fulfil and rectify defaults. Expenses of that will be recovered from society.