Letters to the Editor - Moneylife

Letters to the Editor - Moneylife

resistance to transparency

This is with regard to “ CAG can audit private telco’s accounts says
Delhi High Court”. If the cardinal principle of financial management
that sources and uses of funds should be subject to prudent accounting
when money is collected from public is still valid, contesting the right
to audit by those vested with that responsibility doesn’t stand reason.
What baffles the common man is the resistance to transparency in
accounting, whether it is gold or money or any other assets. ‘Public
funds’ will have to be accounted in a transparent manner and should be
subject to scrutiny.

MG Warrier


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