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CAG to audit accounts of 5 telcos

February 12, 2010 18:01 IST

The Comptroller and Auditor General of India, the apex audit body, has decided to audit the accounts of five telcos-- Bharti Airtel, Reliance, Tata, Vodafone and the state-run BSNL-- for 2009-10.

Telecom regulator TRAI has already appointed a nodal officer to facilitate this audit exercise.

"The audit is aimed at giving a reasonable assurance to the government on the revenue share from the licencees. In the current year, I propose to take up audit of the accounts of Bharti Airtel, Reliance, Tata and Vodafone along with BSNL," R P Singh, director general of audit (Post and Telegraph) said in a communication to Telecom Secretary P J Thomas.

A senior TRAI official said Manoj Mishra, a Deputy Adviser has been appointed as the nodal officer.

As per a Department of Telecom notification in 2002, operators must give all statements including financial statements
to TRAI to calculate the licence fee to be paid to the government.

And the regulator will act as a facilitator as and when CAG decides to audit the accounts of the telcos.

The DG (Audit) is seeking a meeting with these operators next week to finalise audit plan and enhance mutual understanding between the service providers and auditors and wants the Department of Telecom to ask the operators to cooperate for the same.

A senior DoT official said, the Department will be informed about the developments but has no role to play in it.

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