What are the key special features of cooperative audits that go beyond the general audit processes?

cooperative audits involve several special features: Overdue Debts: Examine and classify overdue debts properly and ensure provisions for doubtful debts. Overdue Interest: Ensure overdue interest is not capitalized in outstanding loans. Valuation of Assets and Liabilities: Follow general accounting and auditing standards as there are no specific provisions in the Act and Rules. Adherence to Cooperative Principles: Assess how well the cooperative’s objectives, focusing on member benefits rather than profit, are being achieved. Compliance with Acts and Rules: Identify and report any infringements and their financial implications. Verification of Members' Records: Verify the members' register and examine pass books. Reserves and Funds: Ensure the creation and proper operation of statutory and voluntary reserves or funds. Anti-Money Laundering Compliance: Verify compliance with anti-money laundering directives and procedures.