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STATUTORY AUDIT SERVICES

End-to-end Statutory Audit and Compliance Services for Co-operative Housing Societies, Apartments, CHS Ltd., Federations, and other registered entities

Annual Audit
Financial Audit
Special Audit

Professional Statutory Audit Services

Our auditing process strictly adheres to the Maharashtra Co-operative Societies Act, 1960, the Maharashtra Co-operative Societies Rules, 1961, and the audit standards prescribed by the Co-operation Department, Government of Maharashtra.

Our Objective

Our objective is to ensure financial transparency, legal compliance, and accountability in every society we serve.

1
Assessment
Comprehensive review of financial records and compliance status
2
Verification
Detailed examination of transactions and documentation
3
Analysis
Evaluation of financial health and compliance with regulations
4
Reporting
Preparation of comprehensive audit reports with findings and recommendations

Our Statutory Audit Services

Comprehensive audit solutions tailored for co-operative housing societies

A

Annual Statutory Audit

The Annual Statutory Audit is compulsory for all co-operative societies to ensure compliance and financial transparency.

Legal Basis

Section 81 of the MCS Act, 1960 & Rule 69 of the MCS Rules, 1961

Our Annual Audit Includes

  • Verification of day-to-day accounts, cash books, ledgers, and vouchers
  • Examination of Income & Expenditure and Balance Sheet
  • Checking compliance with Bye-laws, Government Circulars, GRs, and statutory audit classifications
  • Authentication of investment records, bank reconciliations, and statutory registers

The final Audit Report is prepared in the prescribed statutory format and provided for filing with the Registrar.

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B

Internal Audit

Internal Audit helps maintain continuous financial discipline within the society throughout the year.

Our Internal Audit Services

  • Monthly/Quarterly verification of receipts and payments
  • Review of internal financial controls
  • Preventive detection of irregularities or misuse of funds
  • Compliance monitoring throughout the year

We ensure early identification of deviations so societies remain legally compliant and financially secure.

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C

Financial Audit

The Financial Audit assesses whether the society's financial statements reflect a true and fair view as per accounting standards and co-operative regulatory norms.

Our Financial Audit Includes

  • Verification of assets, liabilities, loans, and advances
  • Review of capital expenditures, repairs, and maintenance transactions
  • Examination of statutory tax compliances such as TDS, GST, PF/ESI (if applicable)
  • Tracking deviations from accounting norms

This ensures accuracy, reliability, and legal compliance in society accounts.

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D

Special Audit

A Special Audit is conducted when directed by Registrar of Co-operative Societies, Society Managing Committee, Investigating Authorities, or through member resolutions.

When Special Audit is Required

  • Suspicion of misappropriation
  • Financial disputes among members
  • Fraud, negligence, or unauthorized expenditures
  • Complex financial issues requiring expert legal auditing
  • Legal disputes requiring in-depth financial scrutiny

Special Audit Reports are drafted with detailed observations and evidence-backed findings in a legally presentable format.

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E

Additional Audit & Compliance Services

Raaj Society Solutions also offers a complete range of audit and compliance support services beyond the standard statutory requirements.

Additional Services Include

Re-audit and verification audits
Compliance audits under the MCS Act
Tax audits and TDS/GST compliance review
Documentation audits (Bye-laws, Registers, AGM/SGM compliance)
Pre-audit and post-audit advisory
Financial due diligence for redevelopment and major repairs

Every service is delivered with professional precision, accuracy, and adherence to statutory legal requirements.

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Why Choose Our Audit Services?

Professional expertise and commitment to excellence in housing society auditing

Expert Professionals

Our team consists of qualified audit professionals with decades of experience in housing society financial auditing and compliance.

Regulatory Compliance

We ensure complete compliance with Maharashtra Cooperative Societies Act and all relevant financial regulations and audit standards.

Timely Completion

All audit services are completed within statutory timelines to ensure your society remains compliant and avoids penalties.

Dedicated Support

Comprehensive support throughout the audit process and guidance for implementing audit recommendations.

Ensure Your Society's Financial Compliance

Contact us today for professional statutory audit services tailored to your housing society's needs.

Schedule an Audit Consultation