Co-Operative Societies Act 1993 · Updated to 1 Apr 2015 · Part VII · Accounts and Audit
60. Audit
Feedback & supportEvery co-operative society shall cause its accounts to be audited once at least in every financial year by—
co-operative society
“co-operative society” means an autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned and democratically controlled enterprise which is registered under this Act;
an auditor approved by the Commission; or
an officer of the Commission.
Notwithstanding subsection (1), the Commission may at any time, of his own motion or on the application of a co-operative society, audit or cause to be audited the accounts of any co-operative society.
Commission
“Commission” means the Malaysia Co-operative Societies Commission established under the Malaysia Co-operative Societies Commission Act 2007;
Co-operative Societies 57