Quick answer: A housing society audit is a yearly statutory check of financial records and compliance, required under the Cooperative Societies Act of the relevant state. In Maharashtra, it must be completed within four months of the financial year’s close, by July 31, by an auditor from the Registrar’s approved panel. A few things worth knowing before diving in: Here’s what most committees don’t realize until the deadline is already breathing down their neck. The Society That Learned Why Audits Matter A housing society can assume the audit is a formality right up until it isn’t, and then discover just... Continue reading