Forensic audit may spell trouble for some associations

0
265

The Supreme Court-appointed Committee of Administrators (COA) has suggested to conduct the forensic audit of some state cricket associations in its 10th status report that would come up for hearing before a new Apex court bench on Tuesday.

“The due diligence reports submitted by various audit firms engaged by the BCCI, prima facie, show instances of malfeasance and misfeasance of funds in certain state associations, which requires further investigation in order to ascertain the specific individuals involved in the same,” stated the report, which is in possession with DNA.

According to the COA, this is necessary to ensure that the newly-elected office bearers of the state associations can start with a clean slate and put in place appropriate systems and controls regarding utilisation of funds disbursed by the BCCI.

If accepted by the Court, this could spell trouble for many associations across India as the earlier internal audit conducted by Deloitte during former president Shashank Manohar’s tenure unearthed many a scam.

There is more trouble for the state associations as COA has brought before the Court failure of seven associations to furnish the compliance report of August 9 orders…

Подробнее…