Short Answer

Yes, a member of a cooperative society can request a copy of the audit report.

Detailed Explanation

Section 77 of the Gujarat Cooperative Societies Act, 1961 empowers a member to inspect or obtain copies of the audit report. This means that any member has the right to access the audit report of the cooperative society. The audit report is a crucial document that provides transparency and accountability regarding the financial health and management of the society.

In practice, a member can make a written request to the society's management or the auditor to obtain a copy of the audit report. The society must provide the member with a copy of the audit report upon such a request. This ensures that members have the opportunity to review the financial statements, audit findings, and any discrepancies identified during the audit process.

For example, if a member has concerns about the financial management of the cooperative society, they can request a copy of the audit report to understand the financial position and any irregularities. This access to the audit report enables members to actively participate in the governance and decision-making processes of the society.

Another scenario could be where a member wants to verify the accuracy of the financial statements presented at the AGM. By obtaining a copy of the audit report, the member can cross-check the financial information and ensure that the society is being managed efficiently and ethically.

Overall, the provision in Section 77 of the Gujarat Cooperative Societies Act, 1961 ensures transparency and accountability within cooperative societies by granting members the right to access audit reports.

Reference

• Gujarat Cooperative Societies Act, 1961, Section 77: https://cooperation.gujarat.gov.in/writereaddata/Portal/Images/pdf/Co_Op_Societies_Act1961.pdf