The module talks about the presentation given to lay out the cooperative standards. The presentation initially discusses the concept of performance audit report. Concepts entailing the cooperative standards are enumerated and discussed through a guiding framework. In the guiding framework, the performance audit report is processed in a controlled system environment with three components namely, organizational, economic, and social. Each component has their own factors composing each. Each factor under the main component is discussed thoroughly in the material. This is to be able to effectively relay the incentives in passing the cooperative standards which is then fully discussed in the latter part.