X has been appointed as the Peer Reviewer of AB LLP, by the Quality Review Board. Disputes arose between X and AB LLP, on the process and conclusions reached during the process of review. Explain the remedy points on the
CS Professional · Secretarial Audit, Compliance Management and Due Diligence · PYQS · June 2023
X has been appointed as the Peer Reviewer of AB LLP, by the Quality Review Board. Disputes arose between X and AB LLP, on the process and conclusions reached during the process of review. Explain the remedy points on the dispute for referrals to the ICSI.
Answer & Explanation:
Where a dispute arises over the powers of Reviewers or the process or conclusions reached after the review or to any other matter related to the review, the Practice Unit, the Reviewer or both may refer the dispute, in writing, to the Quality Review Board. Such referral shall have to be made within two months of occurrence of the Issue in dispute, in such manner as may be prescribed by the Quality Review Board (QRB). Where the dispute is referred, after considering any submissions or representations (which shall be made in writing) made by the relevant Practice Unit and/or the relevant Reviewer, the QRB shall decide the dispute within six months of the reference and communicate such decision to each parties to the dispute, simultaneously. The QRB issue directions relating to the matter in dispute to such Practice Unit or the Reviewer concerned and require such Unit or Reviewer to comply with them within 30 days and send a report to the QRB, of the said compliance within 15 days of such compliance. The QRB shall convey its decision in these regards to each of the parties within 15 days from the date of the decision. Where either of the parties are dissatisfied with the decision of the QRB, it may refer the matter to the Council of ICSI within two months in such manner as may be required.
Topics: Peer Review
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