Treatment of unresolved audit comments Sample Clauses

Treatment of unresolved audit comments. The Operator shall give a written reply to the audit report within 3 months of the receipt thereof. If a Non-operator has comments concerning the Operator’s written reply, such comments shall be submitted in writing. The Operator shall give a written reply to the comments. Unresolved issues shall be dealt with in a dialog between the Operator and the Non-operators with a view to finding an agreed solution. Should the Operator fail to give a written reply to the report within 3 months from the date it was received, the Operator shall forfeit its right to assert objections regarding outstanding items in the report. In exceptional cases, and where special reasons exist, the Operator may, by issuing a written notification to the Non-operators, extend the deadline to submit its reply by a new short time-limit that may not exceed 15 business days. Should any unresolved audit items not be settled within 9 months after the Operator received the written report, the Operator shall: List the unresolved audit item on the agenda for the next ordinary management committee meeting and together with the notice of the meeting give a written summary of the communication and treatment of the unresolved audit item(s), In case of a joint audit of the Operator’s Indirect costs and cost allocation systems that are common to all operatorships, convene the Partner forum to deal with unresolved audit items A party may propose the use of a jointly appointed independent expert to give an opinion on unresolved audit items or an alternative simplified dispute solution for settling any unresolved audit item. Such decision requires unanimous agreement among the parties.
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