ISLAMABAD: The Tax Reform Commission Implementation Committee (TRIC) has asked the Federal Board of Revenue (FBR) to conduct forensic audit of banks and telecom companies.
During the meeting of TRIC, it was decided that the FBR and consultant firms would jointly conduct forensic audit of eight banks and six telecom companies, including five cellular operators.
The sub-committee of TRIC, headed by FBR Member Taxpayer Audit, has been directed to find two sectors for purpose of forensic audit and determining the requirements in this respect.
Tax Reform Commission (TRC) Chairman Masoud Naqvi suggested that FBR officials should be closely associated with the forensic auditors. He also offered that KPMG (a global network of professional firms providing Audit, Tax and Advisory services) could conduct forensic audit training for select FBR officers pro bono. The offer was greatly appreciated and accepted.
