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DoT seeks bids from CA firms to conduct special audit
The Department of Telecom (DoT) has come out with a tender to select CA firms to conduct special audit of mobile operators from 2008 onwards.
New Delhi: The Department of Telecom (DoT) has come out with a tender to select CA firms to conduct special audit of mobile operators from 2008 onwards.
According to an official, the last date to apply is November 24 and the selection of the firm is likely to be completed in two months.
"It will take two months to select the firm and the audit process may take about six months," the official added.
DoT had earlier conducted the audit for assessment years 2006 to 2008.
During that time, it had received complaints regarding some telecom companies under-reporting their revenues.
This time, DoT has not received any complaint regarding any company. However, exact reason behind the move could not be ascertained.
Show-cause notices to five private operators, including Bharti Airtel, Vodafone, Idea Cellular, Reliance Communications and Tata Teleservices, involving about Rs 1,637 crore were issued for under-reporting revenues a few years ago.
The operators challenged it in court though. The matter is sub judice.