law: Co-Operative Societies Act, 1912
  17. Audit
  (1) The Registrar shall audit or cause to be
  
  audited by some person authorized by him by general or special order in writing
  
  in this behalf the accounts of every registered society once at least in every
  
  year.
  (2) The audit under sub-section (1) shall
  
  include an examination of overdue debts, if any, and a valuation of the assets
  
  and liabilities of the society.
  (3) The Registrar, the Collector or any person
  
  authorized by general or special order in writing in this behalf by the
  
  Registrar shall at all times have access to all the books, accounts, papers and
  
  securities of a society, and every officer of the society shall furnish such
  
  information in regard to the transactions and working of the society as the
  
  person making such inspection may require.