Cooperative Audit Services

Cooperative Audit Services (CAS) division has been offering regular, non-statutory audit service to the thrift cooperatives and associations of thrift cooperatives (ATCs). In the case of thrift cooperatives (TCs), it is expected to assist full-fledged ATCs by training their staff in the process of auditing the accounts of their member-TCs. It also does test audit of the member-TCs of full-fledged ATCs. Where ATCs had not yet introduced audit services for their member-TCs the CAS division did the regular, non-statutory audit of the accounts of such TCs on their behalf.

CAS team regularly visits TCs under different ATCs/regions like Warangal, Karimnagar, Medak districts and conducts internal audit of TCs, which have not started their financial transactions.
During the course of audit if any irregularities were noticed in TCs, the same would be brought to the notice of concerned ATC, so as to take remedial measures. The internal audit reports would also be shared with the concerned cooperatives as and when the audit is completed.

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Various forms of cooperation have existed from the very beginnings of the human race, but it was the pioneers of Rochdale, England, who worked out their aims and purposes, and commited them to paper in 1844 in a form which identified nine specific rules.