Regulation 102 — Audit Regulations 2020
Original Rule Text
# 102. Reply to draft separate audit report
The Chief Executive Officer of the corporation (and the Government, where a copy of the draft separate audit report is sent to it) shall communicate reply to the draft separate audit report within two weeks from the date of its issue or such other period as prescribed.
What This Means
The corporation's CEO (and the government, if they received a copy) must reply to the draft separate audit report within two weeks from the date it was issued, or within any other period that has been prescribed. This ensures the audited entity gets a fair chance to explain its position before the audit findings are finalised.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1Reply deadline: 2 weeks from date of issue of the draft report (or other prescribed period)
- 2CEO of the corporation is responsible for sending the reply
- 3Government must also reply if they received a copy of the draft
- 4This is a due process requirement — ensures fairness before finalization
- 5Failure to reply within the deadline has consequences (see Regulation 103)
Practical Example
The AG (Audit), Kerala sends a draft separate audit report to the MD of Kerala State Electricity Board on 1st March. The MD must send a detailed reply by 15th March (within 2 weeks). If the report was also copied to the Energy Department Secretary, that office must also respond within the same timeline.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Frequently Asked Questions
Can the deadline be extended beyond two weeks?▼
What happens if the corporation does not reply within the deadline?▼
Who is responsible for coordinating the reply within the corporation?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.