The officers and management staff of Bawa Yay Thauk Myint Cooperative participated in the Training on Cooperative Audit organized and conducted by Positive Planet last August 24-26 at the Mibamyita Hotel in Hpa-an. The training is part of the series of Cooperative Formation Courses (CFC) designed to strengthen the operations of cooperatives.
The audit training was designed to enhance the skills of the members of the Audit Committee within the Board of Directors as the financial activities of the cooperative are building up. The cooperative released the first set of loans last July and the second batch was approved by the Board and waiting for release. The cooperative is also slated to start its savings mobilization program within the month of September.
The training covered topics such as basic principles of audit, internal and external audit process and the people in the cooperative responsible for audit. The theoretical discussions were completed by workshops where members of the Audit Committee practiced doing cash count, review of loan documents and role-play in doing field validation.
Other participants included staff of the Community Development Association (CDA) and representatives from Pwint Pwint Lin Lin Coop in the adjacent sub-township of Paing Kyone.