Section 31
Accounts and audit
of Co-Operative Institute (Incorporation) Act 1968 (REVISED—2025)
The Institute shall keep proper accounts and other records in respect of its operations and shall prepare statements of accounts in respect of each financial year.
(2)
The accounts of the Institute shall be audited annually by the Auditor General or by an auditor being an approved company auditor within the meaning of the Companies Act 2016 appointed by the Board.
Laws of Malaysia 22 22
Act 865
(3)
After the end of each financial year, as soon as the accounts of the Institute have been audited, the Institute shall cause a copy of the statement of accounts to be submitted to the Minister, together with a copy of any observations made by the Auditor
General or other auditor appointed under subsection (2) on any statement or on the accounts of the Institute.
(4)
The Minister shall cause a copy of every such statement and observations to be laid before each House of Parliament.