What is the GGAS policy on conflict of interest?
Under GGAS, it is crucial that all audits are carried out with sufficient independence and without actual or potential conflicts of interest. The Panel Agreement defines a conflict of interest as “any agreement, arrangement or understanding or any activity which conflicts or is likely to conflict with or affects the panel member’s ability to perform any services undertaken or being undertaken by the panel member under [this] Agreement.” IPART has the discretion to require the Panel member not to enter into any agreement, arrangement or understanding, or participate in any activity which amounts to a conflict of interest. Alternatively, the Panel member may withdraw from providing the audit services.
