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Co-operatives National Regulations
66Appointing an auditor or reviewer for a small co-operative if there is a direction under the Law (CNL ss271 & 272)
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66 Appointing an auditor or reviewer for a small co-operative if there is a direction under the Law (CNL ss271 & 272)
66 Appointing an auditor or reviewer for a small co-operative if there is a direction under the Law (CNL ss271 & 272)
(1) If a small co-operative is directed to prepare a financial report under section 271 or 272 of the Law and the direction requires that the financial report be audited or reviewed, the board must appoint an auditor or reviewer (as the case may be) within one month of the direction.
(2) An auditor or reviewer appointed under this rule holds office until the financial report prepared as a result of the direction has been audited or reviewed and sent to members.