Republic Acts1 min read
Section 81March 10, 1990, Sec./Art. 81
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Annual Audit. - Cooperatives under this Code shall be subject to an annual audit by an auditor who satisfies all the following qualifications:
(1) He is independent of the cooperative being audited and of any subsidiary of the cooperative; and
(2) He is a member of any recognized professional accounting or cooperative auditor's association with similar qualifications.
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