Financial Statements Of The Malaysian Co-operative societies

November 20th, 2009 / No comments yet
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Malaysian Co-operative societies needs to comply to the Societies Act which includes the following:

  1. The co-operative societies are required to prepare within two months of the completion of the financial year and present their annual accounts to their members
  2. The financial statements specified are:
  • Trading and profit and loss accounts,
  • Statement of source and application of funds,
  • Balance sheet,
  • Report signed by or on behalf of its board with respect to the state of affairs of the society,
  • Auditor’s report, and
  • Observations of the Registrar-General on the accounts and balance sheet of the society.

3.  A copy of the duly audited financial statements has to be submitted to the Registrar-General at least thirty days before the annual general meeting.
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