law: Co-Operative Societies Act 2008 
  139.
  
  Error or misstatement
  1.      A director or an
  
  officer of a society shall forthwith notify the society’s auditor of any error
  
  or mis-statement of which the director or officer becomes aware in a financial
  
  statement that the auditor or former auditor has reported upon.
  2.      When the auditor or a
  
  former auditor of a society is notified or becomes aware of an error or
  
  mis-statement in a financial statement upon which he has reported to the
  
  society and in his opinion, the error or misstatement is material, he shall
  
  inform each director of the society accordingly.
  3.      When under subsection
  
  (2) the auditor or a former auditor of a society informs the directors of an
  
  error or mis-statement in a financial statement of the society, the director
  
  shall—
  a.     
  
    prepare
  
  and issue revised financial statements; or
  b.    
  
    otherwise
  
  inform the members and the Registrar of the error or mis-statement.