It has set a November 22 deadline for Telecom firms to interact anybody of the 12 empanelled auditors for certifying their metering and billing techniques throughout FY19.
The validity of the 12-member panel of auditors is until end-July, 2020, the Telecom Regulatory Authority of India (Trai) stated in an official assertion. The regulator, at its discretion, can even “extend the validity” of the auditors’ panel.
While telcos are free to interact anybody audit company from the notified panel, they can not interact the identical company consecutively for greater than two years.
The sector regulator has additionally barred telcos from partaking any audit company which is at present their “statutory auditor, internal auditor, concurrent auditor or has been engaged as a consultant” for certifying metering and billing techniques.