Nature of audit.
Section 88
SEC. 88. Nature of audit.— The audit under Section eighty-six shall include: A verification of the cash balances and securities; A verification of the balance to the credit of depositors and creditors and of the amounts due from the debtors of the co-operative; An examination of overdue debts, if any; A valuation of the assets and liabilities of the co-operative ; An examination of the transactions of the co-operative within such limits as may be prescribed; An examination of the financial statements prepared in the prescribed form and manner by the board of directors; A certification of the business done with members and non-members; and Such other matters as may be prescribed. The financial statements thus audited, together with the modifications, if any, made therein by the Administrator shall be final and binding on the co-operative.