Amendment status not verified — confirm the current text below against the official source.
Appointment and Role of Independent Auditor.- (1) While preparing the draft Concession Agreement for any project, the Procuring Entity shall specifically consider the need to appoint an Independent Auditor for the project and if considered necessary, include necessary provisions in the Agreement. TAMIL NADU TRANSPARENCY IN TENDERS (PUBLIC PRIVATE PARTNERSHIP PROCUREMENT) RULES, 2012. 84 (2) An Independent Auditor shall be appointed with the specific prior concurrence of the Procuring Entity and shall not be removed or replaced without the approval of the Procuring Entity. (3) The Independent Auditor’s scope of work shall be specified in the Concession Agreement and shall inter-alia include certifying the accuracy and correctness of any financial calculations or claims required to be made by Concessionaire under the Concession Agreement. (4) The Independent Auditor shall prepare and submit to the Procuring Entity a quarterly report and such other special reports as the Procuring Entity may seek. (5) An indicative scope of work for the Independent Auditor is provided for guidance in Schedule-II of this rule.