Where is the audit report of an apex co-operative society required to be presented?

Correct option is B

Correct Answer is (B) State Legislature.

Sol.

The audit report of an apex co-operative society is required to be presented before the State Legislature. This is part of the transparency and accountability process for co-operative societies, ensuring that their financial activities and operations are subject to scrutiny by the legislature for public interest and compliance with relevant laws.

Information Booster:

• Apex co-operative societies, which operate at the state or national level, play a vital role in economic and social development, and their operations need to be transparent and accountable.

• The presentation of audit reports before the State Legislature helps ensure that the co-operative society is functioning according to the established laws and is maintaining financial integrity.

• Audit Reports provide insights into the financial health and governance of the society, which are vital for the stakeholders, including the government, members, and the public.

Additional Information:

• Audit Reports are typically prepared by qualified auditors and cover aspects like income, expenditures, assets, and liabilities.

• The State Legislature is responsible for reviewing the audit report and can take necessary actions if discrepancies or issues are found.