Directive for Holding Bipartite Meetings for Settlement of Audit Objections
It has been observed that the number of unsettled audit objections is increasing due to the failure to reviewing the replies received. In this context, holding bipartite meetings has been considered an essential mechanism for effective settlement of audit objections.
Objective of Bipartite Meetings
- Settlement of complex and unsettled audit objections
- Exchange of views between the audit authority and the auditee
- Reaching mutually agreed decisions
Parties to the Tripartite Meeting
- The concerned Audit Directorate
- Auditee
Preconditions for Convening Bipartite Meetings
- Submission of broad-sheet replies by the concerned auditee against audit objections
- Receipt of comments from the concerned Audit Directorate on such replies
Instructions to be Followed
- Timely submission of broad-sheet replies against audit objections must be ensured.
- Bipartite meetings shall be arranged for complex cases only after submission of replies and receipt of audit comments.
- No bipartite meeting shall be convened without submission of broad-sheet replies.
- The concerned Audit Directorate must be consulted prior to convening any bipartite meeting.
- The agenda and working papers of the meeting must be provided to the concerned Audit Directorate at least three working days before the meeting.
Compliance
All concerned authorities are hereby requested to strictly adhere to the above instructions and refrain from arranging bipartite meetings without fulfilling the prescribed conditions.