CDA-ReD-FR-029

Revision No. 1
March 5, 2021

Annex C PERFORMANCE AUDIT REPORT - SUMMARY REPORT FOR PRIMARY

AND OTHER SPECIAL TYPE COOPERATIVES

ABC Cooperative is a duly registered cooperative with the Cooperative Development Authority (CDA)
under Registration No. _________ with official postal address at
__________________________________________ _________________ engaging in the provision of
________________________.

The audit was conducted by the _____________ last _____ of _______ 20____to ascertain the
documents required by MC No. 2021-04 Series of 2021 issued by the CDA, a government agency in-
charge in the regulation and development of cooperatives. Methodologies employed include
verification of the presence of the documents, whether the document is updated, and whether it is
duly approved by the CDA. Prior the conduct of the audit, a memorandum was issued to the
concerned units/person at least two (2) weeks before the conduct of the audit.
A. Governance and Management
Summary of observations and findings are found below:

STRONG AREAS

Add more lines, if necessary

AREAS TO BE IMPROVED/FOR COMPLIANCE NEEDED ACTION TIMELINE

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B. Result of Financial Performance

STEPS STANDARD RATING COOP'S RATING

STABILITY 19 5
TURN-OVER RATIO 6 0
EFFICIENCY 38 18
PROFITABILITY 15 0
STRUCTURE OF ASSETS 22 3
TOTAL RATING - STEPS 100 26

C. Total Points
Total Points
Governance and Management x 40% 0.4
STEPS x 60% 15.6
Grand Total 100% 16.00

ADJECTIVAL RATING
Your cooperative obtained a total rating of ____ with adjectival rating of ___________ (please refer to
our M.C. 2021-__ for the matrix of adjectival rating), which means that _______.

Prepared by:

Audit Committee