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Audit Norms Circular

Office of The Registrar Coop. Societies,
Govt. of NCT of Delhi, Old Court's Bulidings,
Parliament Street, New Delhi-110002 

No. FARI AuditI97-1215 Dated : 4/6/97


In order to ensure that the audit of the cooperative societies are completed on priority, it has been decided as under: ­

1.The department is empanelling the cAs/Auditors, Firms of CAs/Auditors for this purpose. The empanelment list will be notified in the 1st week of June, 1997.

2.Each society shall intimate to this office in writing by 30.6.97, the details of its turnover the name and address of the CA/Auditor selected by them out of the notified panel of this department.

3.The society shall adhere to the following norms while selecting the CA/Auditor. The society shall obtain option form cum appointment letter of the CA/Auditor alongwith instructions from this office on payment of Rs. 50/- only. The society shall send option form cum appointment letter, after obtaining consent and acceptance of CA/Auditor, to this office for approval of the Registrar Cooperative Societies. In case where the Audit is pending prior to 1994-95, approval of the JRCS will have to be obtained before submitting option cum appointment letter.

4.Norms for opting the category of CA/Auditor according to turnover of the society are fixed as under:­


A. (Four FCAs+more than ten years Above 2.5 crores standing of the firm)

B. (Three FCAs + more than ten years Between 1.70 & 2.5 crores standing of the firm & left out of A)

C. (Two FCAs + more than ten years Between 1.0 & 1.70 crores standing of the firm & left out of B)

D. (All remaining FCA , Between 15 lacs & 1.00 crores

E. (All ACAs) Between 3 lacs & 15 lacs


1.The accounts of the societies whose turnover is below Rs. 3 lacs except the societies categorised under Industrial and Package units whose turnover is upto Rs. 15 lacs may be audited by the departmental auditors.

2.No society will get its accounts audited from the CA/Auditor of lower category. Such audit reports, if any, will not be accepted by this department & no audit fee will be paid.

3.Every CA firm/Auditor may conduct the audit upto five societies. Further, no CA/Auditor shall audit a society for more than five years without permission of Registrar Cooperative Societies in writing.

(Anshu Parkash)
Registrar Coop. Societies

Last Updated Date :- 22-06-2018

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