Question23:-The auditor shall submit in the form prescribed by the director
of cooperative audit on the accounts examined by him and on the balance sheet
and final accounts as on the date for the period up to which the accounts have
been audited

A:-Audit Working papers
B:-Audit programme
C:-Audit Memorandum
D:-Audit book

Correct Answer:- Option-C

Question24:-In audit, duty of the cooperative auditor is not merely to
find out the errors and omission, and also to arrange for the rectification of defects
pointed out in the earlier audit certificate and inspection reports.

A:-Mechanical
B:-Administrative

C:-Ad hoc

D:-Continuous

Correct Answer:- Option-B

Question25:-Every cooperative society shall pay to government within of
receipt of the

A:-One month, Audit memorandum
B:-One month, Audit certificate
C:-60 days, Audit Memorandum
D:-60 days, Audit Certificate
Correct Answer:- Option-B

Question26:-Which of the following statement/s about audit of co-operative
societies is/are correct?

(a) All cooperative societies which all or majority of members are belonging to
SC/ST, including its apex society are exempted from payment of audit fee

(b) Any society for the first and second year of audit, irrespective of the date of
commencement of business are exempted from payment of audit fee

A:-Statement (a) True, Statement (b) false
B:-Statement (b) true, Statement (a) false
C:-Both statements are true

D:-Both statements are false

Correct Answer:- Option-B

Question27:-Vanitha cooperative society and dairy cooperative societies need pay
only the rate of audit fees chargeable

A:-1/2
B:-1/3
C:-1/4