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Should CAG be allowed to audit private telcos' book?

Asked by Rekha Yerrawar on 30, Sep 2010 11:28 AM | Total Answers: (74)
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  • I FEEL CONCURRENT AUDIT SHOULD BE CONDUCTED Answered by PRADEEP AGARWAL , SOUTH HEAD (F&A) at Ahluwalia Contacts (I) Ltd. | 02, Nov 2012 08:00 PM
  • Yes, in today's scenario, its required to allow CAG to audit private sector also. Answered by rajesh kumar Joshi , Advocate at Private legal practitionar | 05, Sep 2012 10:59 PM
  • CAG should be allowed to audit any business firm's book, as and when required but not as a routine matter, as already an institution is in place for the same. Most of the business firm's are having liabilities to pay tax to the government, and to protect the interest of government, CAG must observe occasionally that private firms are paying their taxes honestly and professional paid auditors are doing their work with utmost sincerity maintaining a high degree of integrity. Answered by D C Srivastava , Jt. General Manager at Ordnance Factory Trichy | 25, Jun 2012 10:22 PM
  • CAG is doing a wonderful job its auditing standards and no compromise formula with the management of any company or the institution makes my first choice as auditors for Public&Private enterprises. Answered by RAMESH WANGNOO , CEO at CONSULTING FIRM | 07, Jun 2012 09:25 PM
  • CAG should audit books of all the companies operating in India. whether Public or Private. Answered by V.Bharadwaj | 22, Mar 2012 07:34 PM
  • CAG should be allowed to take true and fair view and practices followed by these cos in the interest of nation. And it should be put to parliament for discussion. Answered by CA Sumit Soni , Manager - Finance at Sapthagiri Hospitality Pvt Ltd | 10, Feb 2012 12:16 PM
  • CAG is not a penacia for all tfinancial/accouting ailments. This institution is created for audting public firm/Govt entities. With ICAI already licensing professional auditors for private/ Non govt companies I do not see any reason for CAG to intervene, provided these professional auditors conducts themself ethically and with the highest professional standards. And if we suspect them to be guillible, then being a Govt institution, CAG is more susceptible. Answered by Krishnakant Prasad , Manager at Tata Teleservices Ltd | 15, Oct 2011 10:34 PM
  • Absolutely, the new face of the CAG should have comprehensive power and authority to audit/question any financial transaction in business direct/indirect to the Government. Else, curtailed authority can be grossly exploited.

    MOST IMPORTANTLY...
    But, before all that - we should expect CAG authorities do a direct/family based disclosure of posession Vs liability including transaparent historical facts on assets/wealth/spend/tax accrual by source(s). Answered by Jeen Ronald , Senior Architect (Technology & Services Competency Group) at Cognizant Technologies Solutions | 05, Aug 2011 02:45 PM
  • Yes, i beleive CAG should be allowed to audit private firm also but in fir and impeccebale way otherwise private firm lure to bribe CAG official to hide the real fact and attract investment from public and bank institutuion and siphoned these public money for personal benefit,as we seen in the case of Satyam,Enron.
    Now these days corruption is deep rooted either in Govt. organization or in Pvt. organisation. There are no. of loopholes to siphoned off the money in Pvt. companies just like Govt. Orgn. In pvt. orgn the people those seeking business bribing the person from other companies from which they seek business. This is just a tiny example of bribery and corruption in pvt companies.We need to close those loopholes in ...See More Answered by Mrityunjay Kumar , Sr. Executive - Operation at Walltracts India Pvt Ltd | 14, Apr 2011 04:32 PM
  • Definitely CAG is a govt. undertaking should restrict themselves to to the audits of public sector, under the given circumstances wherein our country is loosing / has lost crores of rupees due to vested interests of someone, CAG should get into picture, keeping in mind the People of India who sweat out for these monies being looted by the politicians. Answered by Srinivasa Rao Kodukula , Head - Human Resources at Dish Hospitality Pvt. Ltd. | 21, Mar 2011 08:23 PM
  • The Comptroller and Auditor General of India is empowered to conduct the audit of public sector undertakings in India. It does not undertake audit of private limited companies in India. Rating agencies and Regulators like CRISIL and SEBI first intervene when it comes to monitoring and controlling the financial affairs of public and private limited companies in India. Given the prevalent laws in the country, I still do not feel the need for the CAG to be allowed to audit private telecom companies books in our country. Answered by FCA Prashant Chavan , Head - Risk Assurance at ANB Consulting Co. Pvt. Ltd | 09, Mar 2011 09:26 AM
  • The Comptroller and Auditor General of India is empowered to conduct the audit of public sector undertakings in India. It does not undertake audit of private limited companies in India. Rating agencies and Regulators like CRISIL and SEBI first intervene when it comes to monitoring and controlling the financial affairs of public and private limited companies in India. Given the prevalent laws in the country, I still do not feel the need for the CAG to be allowed to audit private telecom companies books in our country. Answered by FCA Prashant Chavan , Head - Risk Assurance at ANB Consulting Co. Pvt. Ltd | 09, Mar 2011 09:26 AM
  • what is your opinion after Rajas exposure and Radia information ? Answered by Satya Narayana Palukuru , Advocates & Mediators at Advocate , Hyderabad | 07, Mar 2011 08:00 PM
  • what is your opinion after Rajas exposure and Radia information ? Answered by Satya Narayana Palukuru , Advocates & Mediators at Advocate , Hyderabad | 07, Mar 2011 08:00 PM
  • Should CAG is allowed to Audit Pvt Telecom Books

    Accounts is Account it should post the entries in current period, if it is not done in particular period to period. It is required to so much of transparency, in what extent we can provide transparency of accounts to audit. Here I suggest not to allow CAG for private companies to audit , it is an internal audit, it should be done by experienced Auditors.

    Mrs. Zulkharnine Sultana, Hyderabad Answered by Zulkharnine Sultana , Director Finance at Zunine Consultant | 04, Mar 2011 10:35 AM
  • Yes , there should not be any ifs and buts about it. Ultimately the Corporate Sector has to function within ambits of Corporate Laws and compliance of fair practices as well as accounting standards is mandatory. It is nothing but a review auditing by CAG. Most importantly, the findings of such audits by CAG should be taken seriously for corrective action. We need a conscious effort to cleanse our system of fraudulent practices and corruption. Answered by SANDEEP KUMAR GUPTA , Deputy General Manager at Tempsens Instruments ( I ) Private Limited | 27, Feb 2011 11:37 PM
  • Certainly. Transparency is the key word for success of a democracy. The CAG must mandate auditing of organisations which have direct impact on comman man. Parliament must come out with a new regulation on this. Answered by Ayyappa Dass.K , General Manager at BYLD Dental Healthcare Company Ltd., | 16, Feb 2011 03:29 PM
  • I'm agree. CAG should be allowed to audit private telcos' book. If statutory auditor appointed under Companies Act, 1956 are not able to find out discrepency in books of account which is causing to ex-chequer then it should be audited by CAG or any other specail auditor appointed by Govt or ROC Answered by Swapnil Yelgaonkar , Company Secretary at None | 15, Feb 2011 03:24 PM
  • Question is this, whether the findings of the report will be addressed. Can our system take any action against the big corporate houses. However, we should not forget these big corporate houses are being numerous jobs to the young generation and helping the country's economy to grow. Answered by ASHOK KUMAR BRAHMA , Retired PSU employee. at Nil | 15, Feb 2011 12:34 PM
  • I think it is shame full for a country where Audits cannot yield results. But you can not always blame auditors. Auditors here means not CAG. Auditors means auditors appointed under the Companies Act for public limited and private limited companies which are not government companies. Even in USA there was scandal ENron case. But after that the Sarabeynes- Oxley Act was made which not only controls companies but also governs the auditors. On the same line, in my opinion Auditors and Audit Governance should be there coupled with more empowerment of auditors to examine and test and power to ask for CAG assurances and reference to CAG in case they find something. Answered by Rajesh Kumar Pandey , Finance Manager at Hidden | 30, Jan 2011 02:52 PM
  • Cant think of any convincing answer for an Yes to this.
    There is enough information in the PUs that can provide the necessary clues needed for the investigation.
    Above all, the juridisction of the CAG is to ensure govt funds are properly deployed and managed Answered by Raman M , Software Consultant at Independent Consultant | 13, Jan 2011 03:04 PM
  • Dear Friend can u Please pointout which organisation is not curroupt but definitely less than the Politician & unetical business man Answered by Saroj Kumar Babu , Partner at Saroj K Babu & Co. | 10, Jan 2011 09:07 PM
Comments (1)
  • what r u implying?. Commented by Raman M, Software Consultant at Independent Consultant | 1192 days ago
  • Not a good idea! Answered by K B , VP IT at BSES Rajdhani Power Ltd | 10, Jan 2011 04:47 PM
  • Why we want to creat further mess? CAG would trun into a highly corrupt agency like mony others. Let them do this in Govt only. Answered by K B , VP IT at BSES Rajdhani Power Ltd | 10, Jan 2011 04:46 PM
  • It will be very difficult to carryout such Operation, as of now there are 226 company on board to raise illigially & if you feel that CAG should take such Audit then the Job of CA would have no job and the CA lobby will not allow the same. As all of us know that the Strong Lobby of CA can go to any extent to protect their profession. Because they are not Like the CWA & CS Lobby Answered by Saroj Kumar Babu , Partner at Saroj K Babu & Co. | 31, Dec 2010 07:48 AM
  • Why not? CAG may be empowered to look into not only telco companies, but any company raised money from public Answered by Krishnaswami CVR , Academic coordinator and subject matter specialist at NIIT Institute of Finance, Banking and Insurance Trainging Limited | 30, Dec 2010 11:01 PM
  • Yes. It should be so. But take it for sure that such direct involment of CAG will certainly render it as corrupt as the other well known investigation agency. Answered by Sanjay Sharma | 29, Dec 2010 12:23 PM
  • Certainly YES . without doing so how the 2G Scam canbe handeled by CBI Answered by Saroj Kumar Babu , Partner at Saroj K Babu & Co. | 23, Dec 2010 11:59 AM
  • Certainly YES . without doing so how the 2G Scam canbe handeled by CBI Answered by Saroj Kumar Babu , Partner at Saroj K Babu & Co. | 23, Dec 2010 11:59 AM
  • Certain aspects of the "books" certainly should be audited by CAG. Not for "True & Fair" - as that angle is already looked into by stat auditors, but certainly - for compliance of rules and governance practices around the fulfilment of licensing conditions, and under special circumstances (like the ones prevailing now)- if the grant of licenses was done fairly and in compliance with the laws of the land. This need not be done annually - but on a need basis. Answered by T Subbarayudu , Vice President Finance at IMI Mobile Pvt Ltd | 21, Dec 2010 07:17 PM
  • Yes CAG should be allowed to to audit private telcos's book only in special circumstances? Answered by Dr. Tabrez Ahmad , Associate Professor of Law at KIIT Law School, KIIT University | 17, Dec 2010 07:57 AM
  • Yes. They have to. Answered by Srinidhi Prasad , Associate - HR at Bateman Engineering Private Limited | 16, Dec 2010 12:37 PM
  • Here I propose a policy that is unique yet that can take care of the credibility issues.
    No.1 - CAG is entrusted in audit for govt and PSU entities on the belief when the same policy was formulated, that resources having governmental majority stake requires scrutiny by an independent Govt agency . In those days, all the critical resources of the country were managed by Central and State govt and their PSU arms. But after 63 years of independence, the scenario has changed. Now private players are playing equally significant role in development and distribution of national resources. This includes Telecom Resources like 1G, 2G, 3G et all.
    No.2 : While nation's control of resources have undergone substantial ownership change, ...See More Answered by G Moitra , Partner at R S Patel and Co, Chartered Accountants | 16, Dec 2010 07:39 AM
  • Firstly we must further distinguish on term- Private

    Private with public funds must fall in category of audit by government ie CAG and private agencies.both. Answered by Ravindra Sharma , Consultant at Chef-India | 13, Dec 2010 02:17 PM
  • yes: telecom has implication on societal well being and hence common public industry. CAG is a constitutional body and should be empowered to audit firms dealing with Public utilities Answered by Siddhartha Bhattacharjee , Director of Client Solutions at PDI Ninth House | 26, Nov 2010 04:10 PM
  • Yes CAG be allowed to audit the private TELCOs. After all almost every there is certainly one news comes up with SCAM. I think if CAG works transparently then it would be only for benefit of nation. First of all CAG should work transparently and have command & control by means of auditing such organisations. This will lead to SCAM proof India. Answered by Shekhar Jagtap , Logistics Supervisor at Defene Services | 24, Nov 2010 08:51 PM
  • Private telecos are responsible to maintain telecom infrastructure which is of vital importance from national security point of view and also from public utilitiy point of view. Also in these companies public money is invested through shareholders, banks etc. So to allow CAG to audit these private telecos will add to their transparency and will make these companies more reliable. Answered by Rajesh Verma , Group Financial Controller at QuarkCity India Pvt Ltd | 24, Nov 2010 02:48 PM
  • The seeds of one season cropped in another, Crop then to grain and dust.
    So the scams, let dust be weighed. Answered by Ravikumar.K , Director at The Human | 22, Nov 2010 05:58 PM
  • Yes, of course.
    Companies operate on public money and it is imperative on governments to safeguard the investor concerns. Public money surely can not be used for bribing and creating an unending loop of black money. Answered by Ravindra Sharma , Consultant at Chef-India | 19, Nov 2010 04:11 PM
  • What is the point where the Union Ministers are so corrupt; Raja swindling the nation to the tune of at least $40 billion?
    CAG reported this to PM who remained silent for days. The SC has finally woken up from it's slumber and asked PM about the delay.
    It is no use; our Country is fathomless - when it comes to corruption. Answered by Jamini Padhi , Manager (Networks) Submarine Cable Operation at TATA Communications Ltd. (formerly VSNL) | 18, Nov 2010 10:25 PM
  • yes, Some of the companies are in the habit of influencing the authorities to get a favourable order only shows money influence
    corporate management too Answered by Satya Narayana Palukuru , Advocates & Mediators at Advocate , Hyderabad | 18, Nov 2010 07:15 PM
  • Very much. We believe in fair and dependable governance and not a sequence of frauds and miscredentials.
    All the muscle that has resulted just seems disproportionate.
    Also, Telco international traffic should be under TRAI surveillance, autonomic scrutiny on demand and summaries should be reported publicly against revenues and profit. Answered by Jeen , Senior Consultant at Cognizant Technology Solutions | 15, Nov 2010 12:00 AM
  • Yes, CAG must be allowed to audit. In current seninerio it is required to monitor revenue and exp of telcos, specially in current scenario. Answered by Manoranjan Chowhan , Consultant and Head of Nuclear medicine at Ruby Hall Clinic,Pune | 03, Nov 2010 01:55 PM
Comments (1)
  • yes but cag must be with some poer not as a mere advisiory coz most of our very good organisation are defunck by our polictal leaders.. Commented by vishvesh mehta, evelopmentBusiness development Manager at sunflower software solutions pvt ltd | 1255 days ago
  • The CAG is essentially a constitutional authority for auditing govt and govt controlled organizations engaged in activities using public money allotted from govt sources (ie tax payer's money) Public limited companies in private control also employ public money to do their business. So logically, there should be mechanisms for auditing accounts and affairs of such companies where majority public stake is involved. The fact is that such mechanisms do exist. However, all such systems are made of people and hence corruptible.
    Essentially what we need is not more and more systems to complicate the matters from worse to the worst. If the government is serious of making improvements, then they should make a powerful Central ...See More Answered by Rajan C Mathew , Dy General Manager at Steel Authority of India Limited | 03, Nov 2010 12:37 PM
  • there are lots of professional bodies accountable to public like institute of chartered accounts, acs institutes are there to control the financial and administrative function of the public limited company. over and above, the department of company law board is controlling the public limited companies throu companies act. Ever year to finalise the financial result and to prepare annual report ,The statutary audit is conducted by a qualified chartered accountants elected by share holders in the AGm . the copies of the annual report also submitted to company law board for verification. if company law board finds any problem in the annual report, they can very well ask any government body to verify the authticity of the report. ...See More Answered by sathyanarayanan kv , executive director- country head. at Globess Trading Ci Sarl | 30, Oct 2010 01:43 PM
  • CAG be allowed to audit in the public interest and safeguards the propriety of the business in social interest. Answered by JITENDRA MISHRA , PROPRIETOR at J MISHRA & CO, | 22, Oct 2010 11:47 AM
  • no not at all Answered by raj | 20, Oct 2010 10:06 AM
  • Unless a government body audits people are not satisfied.What Audit does one need. Investgations into malpractices or defrauding the Govt. or violating laws and regulations?For these already hosts of agencies operate: The Income Tax Department, Dept. of Company Affairs, lending Banks, enforcement agency, Factory Inspectors, CBI, etc. How many more do you want. The Financial Audit is done by Certified practising Charter Accountancy Firms. Instead of asking for CAG Audit, why not ask the Government to nationalise the Auditing Chartered Accountacy Forms and put them under the control of CAG. At least the consumers and the shareholders do not have to bear the cost of mutiplr financial and other audits. Answered by Basudeb Sen , Independent Director at South Asian Petrochem Ltd | 11, Oct 2010 11:40 PM
  • Can we think some thing better then this? Answered by Sushil Singh | 11, Oct 2010 09:01 PM
  • Its a very complicated question. Looking back at the audit inefficiencies in case of Satyam, the issue may find supports. But at the same time if we look at the performance of CAG on reports it is also not encouraging. Its a strange situation. The public in general has become aware of the fact that audit findings are not good enough to book the culprit and is not a good sign for the country. In fact there should be a Audit Governance Policy which should be formulated and the audit organisations having that code and proven compliance should be allowed to audit these companies. After Satyam Scam, i had written a document on What should be the basis for quality control of audit. I developed Audit Governance Policy and will present ...See More Answered by Rajesh Kumar Pandey , Finance Manager at Hidden | 11, Oct 2010 07:56 PM
  • No way THIS SHOULD NOT BE ALLOWED AT ALL , this is another ploy in making the TELECOS another aviation sector .
    What has the burecracy to do with us i ve part of the burecratic set up for good part of my carrier and has depth insight as to how and why and for what the systems work .I encourage all of my peers to just in little way contribute in removing this slavery of BABUDOM ,CAG audits are nothing but to get all of us under the wings of corrupt BURECRACY,i shall fight tooth and nail against this. Answered by manish shrivastava , Assitant Director at Sistema Shyam Teleservices Limited | 11, Oct 2010 12:29 PM
Comments (1)
  • Were you a real bureaucrat? CVC is corrupt, CAG is toothless due to political patronage and everybody knows it. But what can we do about it.. Commented by Jamini Padhi, Manager (Networks) Submarine Cable Operation at TATA Communications Ltd. (formerly VSNL) | 1285 days ago
  • The Government earns it's revenues through various sources. It gives licenses, permissions, etc. for a fees and an MoU for revenue sharing. If the expected revenue of the Government is going down where as the business is booming the Government has reasons to believe foul play. In such conditions the Government has full right to bring in any body like CAG for auditing. Frauds in auditing is quite common. But CAG report remains a report and literally no action is taken. The Bofors case is the only exemption but that is again an aberration; big money was made by the so called "teams" investigating the deal. It is a joke abroad that to investigate a fraud of Rs.100/- an amount of Rs.100,000/- is spent. That is what we don't want if ...See More Answered by Jamini Padhi , Manager (Networks) Submarine Cable Operation at TATA Communications Ltd. (formerly VSNL) | 05, Oct 2010 11:37 PM
Comments (1)
  • In fact, the time should come to audit Government Bodies like CAG by some independent Public entities to be specially created for the purpose.. Commented by Pradip Kumar Daftari, Distributor at Indian Mutual Funds | 1290 days ago
  • Basically this issue pertains to top management 's accoutability & tranparency towards stakeholders with private company. So the decision to get the books checked by govt. agency to establish a clear image among the shareholders and investors should be strategically evaluated & considered. In view of several instances of scams like Satyam.......establishing a clean image in the market has become insisting requirement ..... because mere faith on any company can not be criteria for investment.! However there are other parameters that drive the acceptance of govt. intevention in operations of private companies. Also, the license fee issues aare linked to actual revenues...which is a matter of concern for govt.....so getting ...See More Answered by SANJAY RAY , SUB DIVISIONAL ENGINEER at Bharat Sanchar Nigam Ltd(BSNL) | 05, Oct 2010 02:30 PM
  • Yes, I think they should be allowed to. It will bring greater transparency as well as confidence of the public in the said companies. Though the companies should not be forced to reveal the details of the customer base. Answered by Aneesh Menon | 02, Oct 2010 11:12 AM
  • Definitely. Transparency International will be happy. And just maybe we will see the pandora's box opening out Answered by Avijit Dutt , President Marketing at Olive Telecom | 01, Oct 2010 03:17 PM
  • Yes I think CAG can do the audit for private telcos (like Airtel, VodaFone, Reliance, etc.....), because the inidan telcos are big revenue bank. Their ups and down does impacting the national interest. There should not be any Satyam case again. Answered by Dipankar Das , Project Director at UshaComm India Ltd. | 01, Oct 2010 09:08 AM
  • Yes. why not. When every citizen has RTI, why not CAG? It is better to make things open, so that accounts will be strightened. Answered by Gopalakrishnan H , Sr. Member R&D at Mahindra REVA Electric Vehicle Company Limited | 30, Sep 2010 11:05 PM
  • The role of CAG is to audit the Government of India's accounts...

    The regulatory audit infrstructure is different for different entities.. Answered by Jagannath Rao J , Chief Manager at Bank of Maharashtra | 30, Sep 2010 10:04 PM
  • Yes. Any industry which is impacting national interest may be audited by CAG. Maybe not as exhaustive as they do in public sectors but could be limited in scope and done randomly. Answered by Krishna Kumar , Lead RA , Telecom at IBM India Private Limited | 30, Sep 2010 09:34 PM
  • should not.
    1). The licence fees audit is done by different govt. aganices which directly link to revenue.
    2) every ind. is different and big in size, so does not mean that audit should be done by govt agencies.
    3) further how much we sure that CAG shall conduct audit in due manner. Answered by Pankaj Bansal , Deputy Manager at Vodafone Essar Ltd | 30, Sep 2010 02:06 PM
  • Yes. It would be a good business practice and bring in transparency in to the finances of the telcos. Further, since the Govt. gets revenue sharing, they need to ensure that there are no leakages and effort to defraud them of the legitimate share. The only condition is that the audit should be genuine, proper and done in a professional manner, with no malaise towards anyone. Answered by KG Pillai , Head - Service Operations at e'Touch Mobile Private Limited | 30, Sep 2010 01:44 PM
  • Positively YES.
    most of the Telco manipulate the accounts ,having various type of licenses. To get licenses they do grease number of palms. ( case in point is 2G/3G auction and hoarding of spectrum, kind courtesey Raja)
    let their be some accountability. Well asking PWC & all ...you have Satyam an example or others how they audit.

    yes somebody needs to look that CAG audit does not become a money earning audit by some. Answered by Mani Shankar Prasad , Head India Operations at NeoAccel Inc | 30, Sep 2010 01:07 PM
  • Yes, it'll be good move from the Govt. of India, if successfully allowed, towards the corporate governance.
    Indian Corporate Governance is very poor and very lack of transparency. Audits report from the big agencies are not reliable e.g. Satyam, Enron etc. Answered by Manish Srivastava , Team Lead at Ericsson AB | 30, Sep 2010 01:02 PM
  • no it shouldnt be...rather ICAI with ICSI & ICWAI sud come in and make rules regarding telecom companies so as to bring in more transparency.
    Its on the ethical part of the members these institution to be fair and correct and should qualify their report in case of any lapses. Answered by CMA Amit Varma , PO at Indian Navy | 30, Sep 2010 12:47 PM
Comments (1)
  • How ethical is ICAI, ICSI & ICWAI? It is common knowledge to "pay" a CA "certain" fees to get the balance sheet tweaked. I am sure nobody in India is ethical except the poor living our villages.
    I do agree that CAG makes a lot of noise and nothing happens. Even more surprising is that the media too stops coverage..
    Commented by Jamini Padhi, Manager (Networks) Submarine Cable Operation at TATA Communications Ltd. (formerly VSNL) | 1297 days ago
  • Yes. It is because private sector is more corrupt than public sector. PSUs have no one to bribe. Pvt. Sector has to please everybody and they oblige. Window dressing of accounts is well known in private sector. Answered by Balwant Sharma , Director at Mobily Infotech | 30, Sep 2010 12:42 PM
  • Yes. Earlier such big operations was with Government only. Now government has allowed privatge players and they are doing that work, which was once with government, Such big work are needs to be audited from CAG. After all its not a small business matter. Speically in communication lot of security concerns are also involved. I don't think, private players should have any problem in getting records audited from CAG. Answered by Anil Kumar Srivastava , Country Head - Finance & Accounts at Global Export Singaore Limited | 30, Sep 2010 12:38 PM
  • Yes, The Private Tecos are manipulating with full extent to declare lessrevenue so that pay less revenue sharing license fee to Government. I being an Ex Dy. Dir General, DoT, an Indian Telecom Service Officer and also being an ex Sr. VP, RCOM, I have on my tips hou the private Telcos are manipulating the revenue sharing license fee to paid, Answered by Rajendra P Bansal , Consultant at Self-Employed | 30, Sep 2010 12:30 PM
  • Yes, CAG must be allowed to audit. In current seninerio it is required to monitor revenue and exp of telcos, specially MNCs. Answered by Mihir Kothari , Marketing at Vodafone Essar Ltd | 30, Sep 2010 12:00 PM
  • There is a differential rate of revenue share applicable for different licenses. A service provider having multiple types of licenses can juggle his books to pay lesser than applicable revenue share as license fees. In fact, one such case was detected. There is therefore full justification in audit of private Telco's accounts to be audited independently and for the government CAG is the best option. Answered by Devendra SETH | 30, Sep 2010 11:49 AM
Comments (1)
  • Agree. Commented by Mihir Kothari, Marketing at Vodafone Essar Ltd | 1297 days ago
  • YES & with full power like back up from ED, CBI, etc. for action within 24 hours. Answered by Jamini Padhi , Manager (Networks) Submarine Cable Operation at TATA Communications Ltd. (formerly VSNL) | 30, Sep 2010 11:49 AM
  • my answer is YES. Answered by a m | 30, Sep 2010 11:45 AM
  • my answer is YES. Answered by a m | 30, Sep 2010 11:45 AM
  • YES,why not,if they are paying as per user license not flat rate license,then at least the CAG should be brought into the picture.the only problem in this arrangement is that CAG officials will have one more opportunity to have their palms greased!! Answered by KP Suresh , General Manager at Books for Change | 30, Sep 2010 11:43 AM
Comments (1)
  • CAG is meant for Govt. firms, this is not a good move to audit private firms, then they may start targeting all growing industries which may make CAG (& staff) to earn quick bucks!!!. Commented by Satish Chandra, Regional Manager Sales at 3G Wireless Communications Private Limited | 1297 days ago

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