Re-audit/Recasting of Audit Report

If the Registrar on appeal or on inquiry and details checking of accounts satisfies himself/herself that the audited accounts need recasting of re-audit, he/she shall give an order for such re-casting or re-audit, provided that no such recasting or re-audit shall be taken up after three years from the date of acceptance of Balance Sheet by the General Assembly and their Annual General Meeting. If re-casting or re-casting is re-audit to be undertaken due to non-compliance of the procedure of audit, the cost of re-casting or re-audit shall be recovered from the auditor auditing the accounts in addition to facing disciplinary action under the Nagaland Government Services and Conduct Rules or action under the appropriate law as the case may be. If the same has to be undertaken due to non-furnishing of adequate records, reports, etc. The cost of such re-casting or re-audit shall be recovered from the respective Office Bearer or officer of the society. He/she will also be liable to disciplinary action under appropriate Law, Rules applicable for the purpose. The cost of the re-audit or re-casting of Audit Report shall be determined by the Registrar.