Chartered accountants and cooperative housing societies’ welfare associations are agitated by Maharashtra govt fiat making hundred percent audit compliance by cooperative housing societies.
Earlier cooperative officials had appointed auditors on behalf of cooperative societies without their consent.
Chairman of Maharashtra Societies Welfare Association (MSWA) Ramesh Prabhu said the move would burden CAs.
Chairperson of Cooperative Committee of ICAI’s Western India Regional Council (WIRC), said the Government should immediately resolve the issue.
Sources say Cooperative Department officials are threatening auditors they would face de-panelment if audit reports are not submitted on time.
MSWA is a registered charitable organisation which offers services like guidance on registration formalities of society, land & building in favour of society, stamp duty and registration of agreements and how to respond to notices received from Government authorities, among others.