Requirements For Audit

 

Detailed steps:

  • Cooperative can request audit or RCA may initiate audit following the inspection report
  • Verify balance sheet, book of accounts, etc.
  • Verify loan and Human resource in case of SACCO
  • Prepare provisional report
  • Meet with concerned people specified in the provisional report for more explanation
  • Make final report and submit it to Director General for signature
  • Share final report to general assembly of the cooperative
  • Follow up audit recommendations