Auditor General of Co-operative Societies
The Auditor General of Co-operative Societies heads this Directorate. There are 16 Audit Circles in this Directorate each under an Assistant Auditor General of Cooperative Societies. The Directorate is responsible for conducting the audit of all Cooperative Societies and taking follow-up action on the Audit Reports.
The Directorate of Co-operative Audit was created by the State Government in December 1997 by bifurcation of the Directorate of Registrar of Co-operative Societies and started its functioning under a fulltime officer posted as Auditor General of Co-operative Societies from March 1999 .
This Directorate was established with the primary objective of planning audit of Co-operatives in the State on a sound footing after amendment of the Odisha Co-operative Societies Act, 1962 .
Directorate of Co-operative Audit aims to ensure independent audit of all cooperatives in the state without administrative interference any manner. Its objective is to ensure proper financial and management discipline in cooperative organization.The various activities that are performed by Directorate of Co-operative Audit are as follows –
- Statutory Audit of all cooperative in the state at least once a year.
- Concurrent Audit of big cooperative institutions for timely detection of errors and deficiencies for their remedial action by management.
- Special Audit of an alleged mismanagement, misappropriation or misutilization of funds in cooperatives and fixation of responsibility thereon.
- To ensure compliance on audit findings/observations.
- To initiate and dispose surcharge proceedings on the persons responsible for causing loss to cooperatives or misappropriation on the basis of findings of audit, inquiry or inspection reports.
- Levy of audit fees on cooperatives at Govt. prescribed rate for audit of their accounts and to monitor/ensure collection of audit fees.