THRISSUR: To make auditing efficient, every cooperative society will be team audited under the leadership of a three-member team, starting this financial years. This comes in the backdrop of the Kuravannur bank scam.

In the cooperative societies that have up to Rs.100 crores as working capital, special senior auditors will conduct the audit. For societies with Rs.100 crores to Rs.500 crores as working capital, Assistant Directors will do the auditing and for the rest auditors will do the auditing.

Team auditing have begun in Pathanamthitta and Thrissur. In the rest of the districts, the officials are under training. The aim is to finish the current fiscal year’s auditing earlier than usual. Where there are a smaller number of employees, officials from other Taluks will be appointed. The team will be formed according to the number of cooperative societies.

Where the number of Assistant Directors are less, special senior auditors will be considered. The audit report prepared by the team of Assistant Directors must be submitted to District Joint Director.

The audit of cooperative societies with more than Rs.50 crores working capital must be reported to District Joint Director and the audit report of societies with less than Rs.50 crores must be submitted to Assistant Director. Those audit report that are done in different taluk must be submitted to the related Assistant Director.

The audit teams must give application, including their one year schedule and get approval from the Joint Director.