Co-operative Audit · Panaji, Goa
Statutory audit for co-operative housing societies, credit societies and co-operative bodies in Goa — under the Co-operative Societies Act, with proper audit classification and reporting to the Registrar.
Overview
Every co-operative society — from a housing society to a credit society — must have its accounts audited annually under the Co-operative Societies Act and report to the Registrar. A well-conducted audit reassures members, supports a good audit classification, and keeps the managing committee on the right side of compliance.
N D Savla & Associates provides experienced society audit services across Goa, examining funds, member records and statutory compliance. We also support ongoing society accounting and filings, and our work sits alongside our wider audit & assurance practice.
What's covered
Audit, classification and Registrar reporting.
Get started →Audit of receipts & payments, income & expenditure and balance sheet of the society.
Verification of member contributions, maintenance and sinking funds.
Checking compliance with the society's bye-laws and the Co-operative Societies Act.
Assessment and award of the society's audit grade.
Audit report and filings submitted to the Registrar of Co-operative Societies.
Help maintaining books and preparing annual accounts year-round.
Our process
Auditor appointment and scope with the managing committee.
Examination of books, funds and member records.
Audit, observations and award of classification.
Report to the general body and the Registrar.
Frequently asked questions
The statutory audit of a co-operative society — housing, credit or other co-operative body — under the applicable Co-operative Societies Act. It examines accounts, compliance and management, resulting in an audit report and classification submitted to the Registrar.
Yes. Co-operative societies, including housing societies, are generally required to be audited annually, with audited accounts placed before the general body and filed with the Registrar within the prescribed time.
A Chartered Accountant or an auditor empanelled or approved for co-operative audit under the applicable state law. The managing committee appoints the auditor, usually with general-body approval.
After the audit, the society is awarded a classification — commonly grades such as A, B, C or D — reflecting the quality of its accounts, compliance and financial position. A good grade reflects sound management.
Receipts and payments, income and expenditure, balance sheet, member records and contributions, maintenance and sinking funds, statutory registers, bye-law and Act compliance, and committee decisions.
Cash and bank books, general ledger, member register, contribution and maintenance records, fund accounts, meeting minutes, bank statements and prior-year audited accounts. We provide a checklist.
Yes — co-operative housing societies, credit societies and other co-operative bodies across Panaji, Margao, Vasco, Mapusa, Ponda and the rest of Goa.
Yes. Beyond the audit, we help societies maintain books, prepare annual accounts, file returns with the Registrar and stay compliant with bye-laws and statutory requirements year-round.
Related services
Book a free consultation with a qualified Chartered Accountant in Goa. We'll audit your society's accounts and handle the Registrar reporting — no obligation.