Dar Es Salaam, Tanz - SNHU Academic Archive - Southern New ...

100Cooperative societies Rule article 44(2)c states that, the duties of the board shall includethe following , T o ensure that the accounts of the society are prepared and auditedaccording to the requirement of Act, rules and By-laws; 'When account s ar e prepared , the y ar e sen t t o auditors , th e Cooperativ e Audi t an dSupervision Corporation (COASCO), who audit cooperative societies accounts, and afterthe exercise is completed the audited income and expenditure account, balance sheet andsources and application of funds are laid before the AGM as per article 44(2)d;To lay before the annual general meeting an audited income and expenditure accounbalance sheet and sources and application of funds'.KK accountin g system is not computerized at the moment but staffs ar e now undergoingan intensive training of a new computer program. It is expected that on January 2005 atrial run shall start and data will be posted in parts until complete computerised system isused. Operations will b e networked all over the countr y making sure information flowtake a ver y shor t perio d an d ensurin g a promp t action . The curren t syste m wil l g oparallel wit h the new system until every last detail is transferred the n it will be shelved.Back-up storage facility shall be maintained to avoid loosing recorded data.