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Specialized Audit · The Classic Partners LLP

Society Auditor Services

Statutory audit for co-operative housing societies and other co-operative societies — books, minutes, member ledgers and bye-law compliance under the applicable Co-operative Societies Act, delivered on the timeline your society's AGM needs.

Quick answer

Every registered co-operative society — including housing societies — is required to get its accounts audited annually by an auditor from the panel maintained under the state's Co-operative Societies Act (in Maharashtra, empanelled with the Registrar of Co-operative Societies). The audit covers cash and bank books, member ledgers, minute books, statutory registers and compliance with the society's bye-laws, and the audit report must typically be filed before the society's Annual General Meeting. The Classic Partners LLP conducts society audits end-to-end — books review, compliance checks and the final audit report — timed to your AGM schedule.

What we do

Audit-ready accounts before your AGM, not after

Society audits get rushed when the AGM date is fixed and the books aren't ready. We start with a pre-audit review of cash/bank books, member ledgers and minute books, flag gaps early, and deliver the final audit report with enough runway for the managing committee to review it before the AGM.

We're familiar with the specific registers, bye-law compliance points and rectification/compliance filing requirements co-operative societies are checked against, so findings are practical, not just technical.

  • Cash book, bank book & ledger audit
  • Member account & maintenance-due reconciliation
  • Minute book & statutory register review
  • Bye-law compliance verification
  • Audit report drafting & rectification filing support
  • AGM-ready audit report timeline
Who needs a society audit

Who this is for

Statutory audit is a legal obligation for every registered co-operative society.

SituationWhy it's neededWhat we deliver
Co-operative housing societyAnnual statutory audit is mandatory under the Co-operative Societies ActPanel-empanelled statutory audit report
Credit co-operative societyMember fund handling requires audited financial oversightFull-scope co-operative audit
Other registered co-operative societySame statutory audit obligation applies (consumer, farming, etc.)Audit report + rectification support
Society facing a Registrar query/noticeNeeds a documented compliance positionCompliance review & response support
Scope of work

What our society audit covers

Structured around the prescribed co-operative audit format and your society's bye-laws.

BL

Books & Ledger Audit

Cash book, bank book, member ledger and general ledger verification.

MB

Minute Book Review

Managing committee and AGM minute book compliance check.

SR

Statutory Register Audit

Share register, nomination register and other statutory records.

BC

Bye-law Compliance

Verification against the society's registered bye-laws.

AR

Audit Report Drafting

Final report prepared in the prescribed co-operative audit format.

RS

Rectification Support

Help resolving audit para observations before the next AGM.

How we work

Our four-stage society audit process

Timed to give your managing committee runway before the AGM.

1

Pre-audit review

Books, ledgers and registers checked ahead of the formal audit date.

2

Fieldwork

On-site or remote verification of transactions, vouchers and compliance points.

3

Draft report & discussion

Findings shared with the managing committee before finalisation.

4

Final report & AGM handover

Signed audit report delivered in time for the AGM, with rectification guidance.

Why The Classic Partners

Society audits that hold up with the Registrar

Panel-empanelled, fixed-fee and timed to your AGM calendar.

Panel-empanelled auditors

Conducted by auditors empanelled with the Registrar of Co-operative Societies.

AGM-timed delivery

Reports delivered with enough runway for committee review before your AGM.

Fixed, transparent fee

A written quote agreed with your managing committee before work begins.

Practical, not just technical findings

Observations your committee can actually act on, not just cite.

Rectification support included

Help closing out audit para observations before the next cycle.

One firm, all compliance

Works alongside our internal audit and statutory audit practices.

NS

Reviewed by CA Nainit Savla Founder & Lead Partner, The Classic Partners LLP — B.Com, Associate Chartered Accountant (ICAI), ex-KPMG Real Estate Advisory. Leads co-operative society and specialized audit engagements.

FAQs

Society audit questions we're asked

Straight answers before you commission your society's statutory audit.

Yes. Every registered co-operative society, including housing societies, must have its accounts audited annually by an auditor on the panel maintained under the applicable state Co-operative Societies Act.
Only a Chartered Accountant (or other person) empanelled as an auditor with the Registrar of Co-operative Societies under the relevant state act can conduct the statutory audit.
The managing committee is generally required to place the audit report before the AGM and file a compliance/rectification report addressing the observations within the timeline prescribed by the Registrar.
For a typical housing society, once books and registers are in order, the fieldwork and report usually take a few days to a couple of weeks, depending on transaction volume and record quality.

Ready to schedule your society's audit?

Tell us your AGM date and current books status. You'll get a fixed quote and a partner-level contact within one working day.

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