Call For Business Enquiries : +91 97650 00966 / +91 98190 00511 / +91 98218 32683
Call For Business Enquiries : +91 97650 00966 / +91 98190 00511 / +91 98218 32683
Society Auditor Services · Panaji, Goa
Mandatory annual audit for cooperative housing societies, credit societies, and registered cooperatives in Goa — accurate, timely, and fully compliant.
Overview
Every cooperative society registered under the Goa Cooperative Societies Act is required by law to have its accounts audited annually by a qualified society auditor — not optional, not deferrable, and not a formality.
N D Savla & Associates provides society auditor services for cooperative housing societies, credit societies, and registered cooperatives across Goa — from annual accounts preparation through audit report and AGM presentation. This connects with our audit and assurance, trust audit, concurrent audit, and internal audit services.
Note: society audit and income tax filing are separate obligations. Completing one does not satisfy the other — both must be completed independently and on time.
Who we audit
From apartment complexes to credit cooperatives and agricultural societies.
Maintenance charge collections, sinking/repair fund maintenance, bank reconciliation, supplier payments and member account balances.
Member savings/deposit accounts plus the loan and advance portfolio — overlapping with banking regulation where RBI-regulated.
Agricultural, consumer and industrial cooperatives registered under the Goa Cooperative Societies Act, each with a scope tailored to the activity.
What's covered
From accounts preparation to AGM presentation.
Get a fixed-fee quote →Income and expenditure account, receipts and payments statement, and balance sheet in the prescribed format.
Collection and application of maintenance charges, sinking/repair fund reconciliation against bye-law minimums.
All bank accounts reconciled against statements; member deposit and loan accounts reconciled for credit societies.
Sanction limits, repayment recording, overdue classification and adequacy of bad-debt provisioning.
Report prepared in the prescribed format and filed with the Registrar within the required period.
Attending the AGM to present audited accounts and the audit report, and answering member questions.
Frequently asked questions
A society audit is the mandatory annual audit of a cooperative society's accounts under the Goa Cooperative Societies Act. All registered cooperatives in Goa — housing, credit and others — must have their accounts audited annually by a qualified society auditor empanelled with the Registrar of Cooperative Societies.
Society auditors must be qualified Chartered Accountants empanelled with the Registrar of Cooperative Societies under the Goa Cooperative Societies Act. N D Savla & Associates provides these services across Goa.
Annual income and expenditure accounts, receipts and payments statement, balance sheet, maintenance charge collection and application, sinking/repair fund maintenance, member account balances, bye-law compliance, and asset verification.
The formal report of the society auditor on the annual accounts, covering observations, compliance findings and the auditor certificate — filed with the Registrar within the prescribed period, typically six months of year end, and presented at the AGM.
Late audit and delayed filing attract penalties under the Goa Cooperative Societies Act and can result in surcharge proceedings against managing committee members, and can prevent the society from conducting its AGM.
Related services
Book a free consultation with a qualified Chartered Accountant. We'll get your society's audit on track and filed on time.
N D Savla & Associates | ndsavla.co.in | +91 97650 00966 | info@ndsavla.co.in