If you’re preparing for a government job in Punjab, especially in the finance and cooperative sector, this article is your one-stop resource. We’ll take you through:
Table of Contents
📌 About the Audit Officer Role
The Audit Officer, Cooperative Societies is a Group B gazetted post under the Department of Cooperation, Government of Punjab. It’s a role that blends financial expertise with public accountability.
🔑 Key Powers & Responsibilities:
- Conducting statutory audits of cooperative banks and societies
- Ensuring compliance with the Punjab Cooperative Societies Act, 1961
- Recommending financial reforms
- Supervising audit teams and field inspections
- Reporting irregularities and ensuring transparency
This role is not just about numbers—it’s about protecting public funds, strengthening grassroots institutions, and upholding financial discipline.
📝 PPSC Audit Officer Exam – 14 July 2016
The 2016 exam was conducted by the Punjab Public Service Commission (PPSC) and was divided into two parts:
📄 Part – I General Awareness
- 30 Questions
- Topics: Punjab history, Indian polity, geography, science, Quants etc.
📊 Part – II (I) For CHARTED ACCOUNTANT DEGREE
- 70 Questions
- Topics: Financial Accounting, Auditing, Cooperative Laws, Cost Accounting
📊 Part – II (II) For M.COM DEGREE
- 70 Questions
- Topics: Financial Accounting, Auditing, Cooperative Laws, Cost Accounting
📥 Download Question Papers (PDF)
🔹Part – I General Awareness 🔹 Download Part – II (I) For CHARTED ACCOUNTANT DEGREE 🔹 Download Part – II (II) For M.COM DEGREE PDF
🎥 Video Solutions – Explained in Simple Punjabi
▶️ Watch Full Solution Video – Part – I, II (I) & (II)
This video breaks down:
- How to approach tricky questions
- Common mistakes to avoid
- Smart elimination techniques
- Time-saving strategies
🧠 Sample Questions with Solutions
Q1. What is the primary objective of auditing?
A. To detect fraud B. To prepare financial statements C. To express an opinion on financial statements D. To maintain accounts ✅ Correct Answer: C
Q2. Under the double-entry system, every transaction affects:
A. Only one account B. Two accounts C. Three accounts D. None of the above ✅ Correct Answer: B
💼 Why Audit Officer is a Dream Job in Punjab
1. Authority & Autonomy
Audit Officers have the power to inspect and report financial practices across cooperative institutions.
2. Prestige & Respect
As a gazetted officer, you enjoy high social standing and influence.
3. Career Growth
Promotions to Senior Audit Officer, Deputy Registrar, or Registrar of Cooperative Societies.
4. Job Security & Benefits
Pension, housing allowance, medical coverage, and more.
5. Impactful Work
Your audits can uncover corruption and improve financial literacy.
🚨 New Opportunity: PSSSB Recruitment 2025 (Advt. No. 01/2025)
The Punjab Subordinate Services Selection Board (PSSSB) has released a new recruitment notification for 151 vacancies including:
| Post | Vacancies |
|---|---|
| Audit Officer | 03 |
| Inspector Audit | 135 |
| Naib Tehsildar | 13 |
📅 Important Dates
- Application Start: 1 July 2025
- Last Date to Apply: 21 July 2025
- Fee Payment Deadline: 24 July 2025
- Official Website: sssb.punjab.gov.in
🎓 Eligibility Criteria
| Post | Qualification |
|---|---|
| Audit Officer | CA or M.Com + 3 years audit experience |
| Inspector Audit | B.Com (2nd Division) + 120-hour computer course |
| Naib Tehsildar | Graduate degree from a recognized university |
💰 Salary: ₹35,400/month (Level 6 Pay Matrix) 📍 Location: Across Punjab
🔗 Download Official Notification PDF
📚 How to Prepare for the Upcoming Exam
✅ Step 1: Understand the Syllabus
Focus on:
- Auditing Standards
- Cooperative Laws
- Financial Accounting
- Punjab GK
✅ Step 2: Practice Previous Year Papers
Start with the 2016 Audit Officer paper.
✅ Step 3: Watch Concept Videos
Use RankersChoice’s YouTube channel for free lectures.
✅ Step 4: Take Mock Tests
Simulate real exam conditions.
✅ Step 5: Stay Updated
Follow Punjab government schemes and current affairs.
🏁 Final Words
The Audit Officer exam held on 14 July 2016 remains a benchmark for aspirants. With the 2025 PSSSB recruitment now open, this is your moment to shine.
📥 Download the question papers, watch the solution video, and start preparing today. 🎯 For more updates, study material, and mock tests, visit RankersChoice.com—your trusted guide for Punjab government exams.