INTERNAL COMPLIANCE AUDIT OF HOUSING SOCIETY

Need: If Society’s Administration is in mess or for Compliance as per Bye Law and per M.C.S.Act. 1960, then Internal Compliance Auditing is Must.

1) Under this Scheme Half yearly, Nine Monthly, Yearly Internal Checking is done.

a) Accounts Records : Collection Records, Cash Book, Bank Book, All Vouchers, General Ledger, Member Ledger, Bills, Receipts, Payment Vouchers, Investment, TDS of Income Tax.

b) Statutory Records: Share Register, I-Form Register, J-Form Register, Nominee Register, Asset Register, Dead Stock Register, Investment Register, S.F. Register. Charge Register, O-Form Register.

c). Other Records : General Body and Managing Committee Minutes, Flat and Share Transfer Documents, Other Major Repair Bills, Quotations, All correspondence To DRCS and Other relevant Records.