Tuesday 4 June 2013

Fault rectification report of the Audit

Fault rectification Report of the Audit :-

It  is  obligatory  on  the  Society  to  comply  the  faults  Rectifications mentioned  in  the  audit  report  in  ‘O’  format  within  3  months  from receiving the audit report to the society.

 After rectifying the faults, it should be shown to the auditor and after taking remarks of the auditor on it along with signature of Auditor  regarding whether rectifications are made or not then after making Chairman , Secretary & treasurer signature on this report then the reports showed Be  submitted to the office of the Registrar in  3 copies.

The 2 copy is written back by the register office by giving acknowledgement on it. Then 1 copy is given to the Auditor and take his/her acknowledgement in the other copy. File this copy in society records. 

 If  the  society  cannot  do  rectification  of  faults  satisfactorily  Under Section 87 (4),  then  the  Registrar  compel  them  for  fulfilling  it  and expenses of that is recovered from the society.

This " O " form format is available in Federation Office. 

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