EC calls meeting of political party auditors tomorrow
March 09, 2014  15:11
The Election Commission has convened a meeting of account auditors of all political parties tomorrow to discuss transparency guidelines norms and filing of financial statements by them after completion of Lok Sabha polls as part of efforts to to curb use of black money.

The EC has roped in the Institute of Chartered Accountants of India for preparing a reporting format for the parties and a total of 30 CAs are expected to attend the meeting which will also discuss a host of other measures initiated by the poll panel.

The EC, according to its revised transparency guidelines, has mandated that all political parties should file their audited accounts to it by October 30. As the Lok Sabha results will be out by May 16, after the nine-phase polls starting April 7, the EC expects these reports to come to it well in time.
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