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Old 13th May 2012, 00:36
  #11 (permalink)  
flying-spike
 
Join Date: Jul 2006
Location: Brisbane
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Audit reports

"Regarding Audits and reports, do you honestly think any multinational listed company is going to sign a multimillion dollar service contract with any company (not only aviation) without all the due diligence required to satisfy their own corporate governance policy, before it even gets to a boardroom decision?"

If they are compliant at the exit meeting yes I do. There should be no surprises in the audit report because any auditor worth his salt would let the operator know at the exit meeting what is required so they can fix it as soon as possible. The board listens to advice of their SMEs.That is why they employ auditors and safety managers to ensure their third party suppliers are safe to use.

What might be the case is that the operator was not compliant at the exit meeting and the auditors are waiting for the corrective actions to be implemented before they are used.

I am not saying this the case with JetGo but many an operator has blamed the auditors for the delay when in fact it is because the operator was not compliant during the audit and are their taking time to implement the corrective actions.
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