Appendix 17.1.4 — CAM

A model charter for reference is provided at APPENDIX 17.1 of this chapter. 17.1.4 Role of Audit Committee: Audit Committee would supervise the overall functioning of IA Wing of the Ministry/Department and establish priorities for its functioning. It would approve the IA Charter of the concerned Ministry/Department, provide direction and facilitate availability of resources for effective discharge of responsibilities of the IA. It would specify the areas, which may be taken up for audit as part of work program of the relevant financial year. Audit Committee would have an oversight over the functioning of IA of the Ministry/Department and all the major and significant audit observations would be presented to the Committee. It would deliberate on modalities to resolve key audit issues brought out by the IA Wing including resolution of outstanding issues. The Committee would also evaluate performance of IA Wing and offer guidance, as may be necessary, to improve its functioning and effectiveness.