Cooperatives with a board of directors are required to appoint at least one auditor when they meet the following conditions:
- the number of members exceeds one thousand;
- the turnover exceeds one hundred million;
- The total turnover exceeds five millions.
The auditor shall be appointed by the general meeting for three years.
He shall be selected from among the auditors approved in the State concerned.
The appointment of an auditor is optional for simplified cooperatives.
Unofficial translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 38
The document's transcription was spot-checked against the supplied source; this does not confirm a line-by-line review of every provision.
How Lex Cameroon marks its texts →