BTRC to start auditing GP on October 20
Robi next in line
Bangladesh Telecommunication Regulatory Commission (BTRC) has selected Toha Khan Zaman Co, Chartered Accountants, for auditing the financial operation of Grameenphone from October 20.
An agreement was signed yesterday between BTRC and Toha Khan Zaman Co in this regard, confirmed BTRC sources.
Also, BTRC has selected Masih Muhith Haque Co, Chartered Accountants, for auditing the financial operation of Robi and an agreement will be signed next week, said a BTRC senior official.
Although the decision to appoint audit firms was taken in January 2013, it was delayed due to the complexity of the appointment procedure and indecision, BTRC officials said.
In 2011, BTRC had started auditing of the top two telecom operatorsGrameenphone and Banglalink. Ahmed Zaker Co, which was assigned to audit Banglalink accounts, could not complete the task, citing inability. However, Fazal Co completed the audit of Grameenphone in the same year. Following the audit, the commission had sent a letter to Grameenphone demanding Tk 3,034 crore on October 3, 2011. The operator, however, raised questions over the audit firms qualification for the task. The matter was taken to court and the Supreme Court on December 9, 2013 declared the appointments of firms by the telecom regulator to open the audits into the mobile phone operators illegal as it violates Public Procurement Rule 2008.
Later, the BTRC called for international audit firms to crosscheck various information of the six telecom operators Grameenphone, Banglalink, Robi, Airtel, Citycell and Teletalk.
The BTRC cancelled the process as the countrys local auditors claimed that as per the countrys law a foreign audit firm could work in capacity of a consultant but could not be appointed as an auditor.
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