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12. Updation of Observations
a. For consistency in functioning, standard formats are made available to the team members
to update the observations. The same is required to be updated on real time basis.
b. For consistency in functioning, standard formats are made available to the team members TM
to update the observations. The same is required to be updated on real time basis.
c. For consistency in functioning, standard formats are made available to the team members
to update the observations. The same is required to be updated on real time basis.
13. Conclusion of Observations
a. Observations along with detailed workings should be reviewed & concluded STM
AM
b. Considering the risk and materiality, conclusions would be reviewed
EP
c. Updation/ performing of additional work/modifications with respect to audit observations STM
and conclusions.
