Audit report finalisation mandates MCM review, issuance of final audit report and follow up including show cause notices and recovery. Draft audit reports must record verification results in prescribed proforma, note additional issues and assessee responses, and be prepared with supervisory consultation. The Monitoring Committee Meeting reviews each objection for sustainability, limitation or waiver applicability, records decisions in minutes, and the Audit Commissioner resolves persistent differences. Based on MCM decisions the Final Audit Report is uploaded via the audit reporting utility, issued to the assessee, and follow up is taken by recovery or issuance of show cause notices with results recorded in registers and electronic follow up utilities.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Audit report finalisation mandates MCM review, issuance of final audit report and follow up including show cause notices and recovery.
Draft audit reports must record verification results in prescribed proforma, note additional issues and assessee responses, and be prepared with supervisory consultation. The Monitoring Committee Meeting reviews each objection for sustainability, limitation or waiver applicability, records decisions in minutes, and the Audit Commissioner resolves persistent differences. Based on MCM decisions the Final Audit Report is uploaded via the audit reporting utility, issued to the assessee, and follow up is taken by recovery or issuance of show cause notices with results recorded in registers and electronic follow up utilities.
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