• The Cooperative Audit Division (BAK) is responsible for auditing cooperative accounts, providing opinions on audited financial statements of cooperatives, and processing approvals for applications under the Cooperative Societies Act 1993, Cooperative Regulations, Directives, and Guidelines.
• These duties and responsibilities fall under the operations and regulatory sector.

• To establish standardized reporting of cooperative financial statements;
• To ensure effective and up-to-date auditing processes of cooperative accounts; and
• To ensure compliance in the reporting of cooperative financial statements through the provision of the Commission’s opinion.

1. To review and examine audited cooperative accounts in order to issue the Commission’s Opinion under subsection 59(2) of the Cooperative Societies Act 1993 (the Act);

2. To conduct audits of cooperative accounts under subsection 60(2) of the Act;

3. To process online applications for dividend approvals under paragraph 57(5)(b) and subsection 57(8) of the Act;

4. To process online applications for honorarium approvals under paragraph 57(5)(c) of the Act;

5. To process online applications for the issuance of bonus shares under Regulation 28 of the Cooperative Regulations 2010 and paragraph 57(1B)(b) of the Act;

6. To process the revaluation of land and/or buildings as fixed assets under paragraph 55(1)(b) of the Act;

7. To grant approval to qualified individuals to audit cooperative accounts online under subsection 61(1) of the Act;

8. To carry out quality reviews of audits conducted by Private Auditors approved under subsection 61(1) of the Act;

9. To carry out quality reviews of audits conducted by State SKM Auditors;

10. To monitor the performance of cooperative account audits (by SKM and private auditors);

11. To prepare guidelines/manuals related to audits and accounting;

12. To monitor the performance of the Commission’s audit fee collections;

13. To manage training for Cooperative Audit Division staff at Headquarters and State level;

14. To manage and monitor the performance of programs related to cooperative account auditing (PKASA and PAKAR);