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    Governance and Management Audit Report

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    Princess Salvador
    The audit committee of Watchers Multi-Purpose Cooperative conducted a governance and management audit from December 12-15, 2018. The audit assessed the cooperative's compliance with documents required by the Cooperative Development Authority. Several areas were found to be strong, including the general assembly and election committee processes. However, some areas needed improvement, such as establishing a board of directors succession program and developing feedback and evaluation tools. To address these findings, the audit committee recommended holding board, education committee, gender and development committee, and medical consortium meetings within the next year to strengthen processes in the identified areas for improvement.

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    Governance and Management Audit Report

    Uploaded by

    Princess Salvador
    288 views1 page
    The audit committee of Watchers Multi-Purpose Cooperative conducted a governance and management audit from December 12-15, 2018. The audit assessed the cooperative's compliance with documents required by the Cooperative Development Authority. Several areas were found to be strong, including the general assembly and election committee processes. However, some areas needed improvement, such as establishing a board of directors succession program and developing feedback and evaluation tools. To address these findings, the audit committee recommended holding board, education committee, gender and development committee, and medical consortium meetings within the next year to strengthen processes in the identified areas for improvement.

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    GOVERNANCE AND MANAGEMENT AUDIT REPORT

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    The audit committee of Watchers Multi-Purpose Cooperative conducted a governance and management audit from December 12-15, 2018. The audit assessed the cooperative's compliance with documents required by the Cooperative Development Authority. Several areas were found to be strong, including the general assembly and election committee processes. However, some areas needed improvement, such as establishing a board of directors succession program and developing feedback and evaluation tools. To address these findings, the audit committee recommended holding board, education committee, gender and development committee, and medical consortium meetings within the next year to strengthen processes in the identified areas for improvement.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    288 views1 page

    Governance and Management Audit Report

    Uploaded by

    Princess Salvador
    The audit committee of Watchers Multi-Purpose Cooperative conducted a governance and management audit from December 12-15, 2018. The audit assessed the cooperative's compliance with documents required by the Cooperative Development Authority. Several areas were found to be strong, including the general assembly and election committee processes. However, some areas needed improvement, such as establishing a board of directors succession program and developing feedback and evaluation tools. To address these findings, the audit committee recommended holding board, education committee, gender and development committee, and medical consortium meetings within the next year to strengthen processes in the identified areas for improvement.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    GOVERNANCE AND MANAGEMENT AUDIT REPORT

    (PERFORMANCE AUDIT REPORT)

    WATCHERS MULTI – PURPOSE COOPERATIVE

    _WATCHERS MULTI-PURPOSE COOPERATIVE is a duly registered cooperative with


    the Cooperative Development Authority (CDA) under Registration No. 9520-04009529 and CIN
    No. 110040054, with official postal address at Labangan Poblacion, San Jose, Occidental
    Mindoro engaging in the provision of Manufacturing/Marketing/Consumer/Rental.

    The audit was conducted by the _AUDIT AND INVENTORY COMMITTEE_ last
    December of 12 – 15, 2018 to ascertain the documents required by MC No. 2017-05
    Series of 2017 issued by the CDA, a government agency in-charge in the regulation and
    development of cooperatives. Methodologies employed include verification of the presence of
    the documents, whether the documents is updated, and whether it is duly approved by
    authorized representative of the CDA. Prior the conduct of the audit, a memorandum was
    issued to the concerned units/person at least two (2) weeks before the conduct of the audit.

    Summary of observations and findings are found below:

    STRONG AREAS AREAS TO BE IMPROVED


    General Assembly  BOD Succession Program 
    Election Committee  Feedback/evaluation tool 
    Audit Committee GAD Assessment Report
    Compliance to Gov’t Requirements  Medcon Annual Report 

    In order to address the findings, the following is hereby suggested:

    AREAS TO BE IMPROVED NEEDED ACTION TIMELINESS


     BOD Succession Program BOD Meeting  1 year
    Feedback/evaluation tool  EdCom Meeting  1 year 
    GAD Assessment Report GADCom Meeting 1 year
    Medcon Annual Report   MedCon Meeting 1 year 
       

    ATTESTED TRUE AND CORRECT:

    ARNEL A. ARSOLON JILMAR M. MAGAUAY GRACE B. URSUA


    Audit Committee Member Chairman of Audit Committee Audit Committee Member

    CONCURRED:

    _HELBERT S. CORTES
    Chairperson of the Board

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