Co-Operative Societies Act 1993 · Updated to 1 Apr 2015 · Part V · Organization and Management of Registered
42A. Internal Audit Committee
Feedback & supportThe Board shall establish an Internal Audit Committee consisting of not less than three and not more than five members duly appointed by the Board.
Board
“Board” means the governing body of a co-operative society to whom the management of its affairs is entrusted;
The duties and responsibilities of the Committee shall be provided in the by-laws.
by-laws
“by-laws” means the registered by-laws made by a co-operative society in the exercise of any power conferred by this Act, and includes a registered amendment of the by-laws;
For the purpose of this section, the word “officer” as defined in section 2 does not include members of the Internal Audit
Committee.
38 Laws of Malaysia ACT 502