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Petroleum Act 1984
89WAudit directions
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89W Audit directions
(1) The CEO may issue an audit direction to an interest holder
requiring that one or more audits be undertaken, to the satisfaction
of the CEO, for any one or more of the purposes referred to in
section 89U.
(2) An audit direction must:
(a) be in writing given to the interest holder; and
(b) specify the purpose or purposes of the audit.
(3) An audit direction may require one or more of the following:
(a) that the auditor appointed to undertake the audit holds an
accreditation or qualification specified by the CEO;
(b) approval by the CEO of the auditor before being appointed;
Petroleum Act 1984 108
(c) preparation of specified written documentation during the
course of the audit;
(d) preparation of an audit report;
(e) giving the audit report to the CEO.
(4) An audit direction may also:
(a) specify the format and level of detail required for the audit; or
(b) require the auditor to submit the proposed format and level of
detail to the CEO for approval.
(5) The CEO may, by written notice given to the person to whom an
audit direction is issued, vary or revoke the direction.