Wisconsin § 193.445 Audit committee.

Wisconsin Statutes

§ 193.445 — Audit committee.

Wisconsin § 193.445

Ch. 193Unincorporated cooperative associations

Subch.subch. IV of ch. 193 SUBCHAPTER IV

DIRECTORS AND OFFICERS

This text of Wisconsin § 193.445 (Audit committee.) is published on Counsel Stack Legal Research, covering Wisconsin primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wis. Stat. § 193.445 (2026).

Text

445  The board shall establish an audit committee, consisting of members who will ensure an independent review of the cooperative’s finances, to review the financial information and accounting reports of the cooperative. The board shall present audited financial statements to the members unless all of the following apply:
445(1) (1) The articles or bylaws permit financial statements that are not audited.
445(2) (2) The financial statements clearly state that they are not audited and a statement is included in the financial statement describing the difference between the financial statements and audited financial statements that are prepared according to generally accepted accounting processes.

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193.445 The board shall establish an audit committee, consisting of members who will ensure an independent review of the cooperative’s finances, to review the financial information and accounting reports of the cooperative. The board shall present audited financial statements to the members unless all of the following apply:
193.445(1) (1) The articles or bylaws permit financial statements that are not audited.
193.445(2) (2) The financial statements clearly state that they are not audited and a statement is included in the financial statement describing the difference between the financial statements and audited financial statements that are prepared according to generally accepted accounting processes.