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 →
Section 121 of the Acte uniforme relatif au droit des sociétés coopératives/akn/ohada/act/loi/2010-12-15/auscoop-2010
Report an error in this text
AI features are in beta
Where an official English or French text exists, we show it; where none does, we give
a translation, clearly marked as one and never presented as the official text. We make
every AI feature as accurate as we can, but it can be wrong and is not legal advice —
always check the cited official text.