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Audit

Audit readiness checker

Twenty quick questions to see which of your society's records are ready — and which need attention — before the auditor asks.

Record readiness

0%0 / 20 completed

Financial records · 1 of 10

Every society bank account is reconciled with its statement, month by month, up to the year end.

Unreconciled differences are usually the first thing an auditor asks about. · General bookkeeping good practice

A self-check, not an audit or professional opinion.

Good to know

How the score works

  1. 1.

    Answer each item. Yes, Partly, No or Not sure. You can skip and come back.

  2. 2.

    Score. Yes counts 1 point, Partly ½ point, and No, Not sure or unanswered 0. The score is points ÷ 20 items.

  3. 3.

    What to fix first. Items marked No or Partly are listed under “Needs attention”. Not sure and unanswered items are listed as “Not confirmed” — worth checking with the treasurer.

About this checklist

  • It's a self-assessment of record-keeping, not an audit, and not a statement that your society is compliant.
  • Items marked with a Model Bye-law number come from the books and records listed in the Maharashtra Model Bye-laws (2014). Others are general bookkeeping good practice and are labelled that way.
  • If your society is outside Maharashtra or has different bye-laws, your auditor may ask for different records.
  • Your answers stay in your browser. Nothing is saved or sent.

What does a housing society auditor usually check?

The books of account and the records behind them — bank reconciliation, member dues, bills and receipts, vouchers for expenses, fund balances, investments — and the registers and minutes that show decisions were properly made. Your auditor will tell you exactly what they need.

What is an audit rectification report?

The committee's response to the objections raised in the audit report. Under the Maharashtra Model Bye-laws (2014), bye-law 152, it is prepared in Form “O” and submitted to the Registrar and the annual general body meeting.

What's a good score?

There's no official pass mark. Use the list of items that need attention as a to-do list, and share it with the treasurer and auditor.

Can I save my answers?

Download the checklist as a CSV or print it. We don't store your answers.

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Payments and expenses are recorded as they're confirmed, approvals carry a name and a time, and reports are ready for the auditor.

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