Wanted by NIA: CA firms to assist in terror funding investigations | India News,The Indian Express
The CA firms will be engaged on a case-to-case basis and empaneled for five years, a period which can be extended, said this official.
“In view of the increased complexities of investigation, especially in terror funding cases, senior officials have realised the importance of professional chartered accountants to do forensic audit and data analysis,” an NIA official told The Indian Express.
The CA firms will be engaged on a case-to-case basis and empaneled for five years, a period which can be extended, said this official.
The NIA floated a tender in this regard last month, giving applicants time to reply by October-end. In the tender application, the agency has explained that the role of the CA firms “would be that of a domain expert and specialist to assist the investigation units”. According to the tender document, “their role will be supporting and supplementary. The nature of services to be provided by CA firms would, inter-alia, include forensic audit, analysis of financial data, and interpretation of financial statements etc,” The Indian Express has learnt.
The NIA has asked applicants for an undertaking that their firm or any partner of the firm has not been debarred by the Institute of Chartered Accountants of India (ICAI) or disqualified by any regulatory body or court.
The tender document states: “The decision of empanelment of the CA firms would be taken by the competent authority on a comparative assessment and the general reputation of the firm will also be taken into account. The panel of CA firms will be valid for a period of five years and the period can be extended, further subject to satisfactory performance.”
Rating: 5