Category B co-operative must appoint an independent reviewer and category C co-operative must appoint an auditor and complete form CO-OP4
An audit is a financial evaluation that is done by a qualified and registered accountant to check that the financial affairs of the Co-operative are being correctly and honestly managed. The person or company that carries out the audit is called an auditor.
The duties of an auditor include the following:
- Make sure that the Co-operative keeps accurate Annual Financial Statements (AFS).
- Make sure that the financial records of the Co-operative follow the requirements of the Constitution and the Co-operative Act.
- Make sure that the assets and property of the Co-operative are properly managed.
- Attend meetings of the Co-operative where financial matters are discussed.
- Collect any information needed for the audit.
- Report on whether the Co-operative is following the seven Co-operative principles.
- Report on any other financial matters.
- Submit an annual auditor’s report and Annual Financial Statements (AFS) to the Co-operative.
Follow the steps below on how to update the auditors of the co-operative
Within 15 days after the Annual General Meeting (AGM), Category B primary co-operative must submit a completed notice of appointment of an independent reviewer form (Form CO-OP4), Category C primary co-operative must submit a completed notice of appointment of an auditor form. Category B co-operative has to submit notice of appointment of an independent reviewer. (Form CO-OP4).
Secondary co-operative must submit completed notice of appointment of an auditor form (Form CO-OP4)
Tertiary co-operative must submit completed notice of appointment of an auditor form (Form CO-OP4)
National Apex co-operative must submit completed notice of appointment of an auditor form (Form CO-OP4)
Scan and e-mail the completed and signed documents together with supporting information to
To appoint or effect changes to the auditors, follow these steps:
- Register a customer code
- If you are already registered as a customer and know your customer code and password, proceed to the next step.
- Complete form CO-OP4.
- Letter of consent of appointment as an auditor or independent reviewer
E-mail:
