Upgrad LLM

statutory audit


Dear all

The query is regarding stat audit of a co-operative housing society limited, The stat audit is conducted of the society and the financial statements have been approved in the AGM of the society. The auditor has given a true and fair view to the financial statements. After this can a shareholder of the society raise a doubt on the view expressed by auditor by directly communicating to him?





It remains within every Member's right to examine the Books of Accounts and all the other statutory books and records of the Society, even if the Annual Accounts have been already been approved and passed in the Annual General Body meeting of the Society.

Just to maintain protocol, the Member concerned should forward a copy of his letter written to the Statutory Auditor to the Hon. Secretary of the Society, or more ideally, the member should route his letter to the Statutory Auditor through the Hon. Secretary. Just to go a step further, the Hon. Secretary is duty bound to ensure that a Member's query is fully addressed and resolved to the Member's satisfaction.

Should you require any further clarification, please feel free to directly contact me.



Fca Prashant Chavan

Mumbai - 9920299337




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