ISP service provider, Tata Communications has questioned the government’s notification which said that the company’s accounting books will be reviewed and a report will be provided to the Comptroller and Auditor General (CAG).
According to Tata Communications, the DoT is already reviewing its account books by an independent auditor and hence there is no need for another audit. It termed the move to conduct another audit as ''extraneous'.
"We believe that the audit under progress is the only special audit provided in the license agreement and the audit by the CAG is extraneous. Another audit by the CAG does not appear to have been prescribed over and above the special audit and is seen as an avoidable exercise, involving a lot of man hours at this time when the annual accounts for the year 2009-10 are to be drawn up. Hence we request you to kindly advise us on the provisions of the licence agreement providing for a second audit by CAG," said the company in a letter to DoT. |