TRAI compliance requirement and Cost accountant

5. Periodicity of submission of report – (1) The service providers shall submit
audited reports based on the historical cost accounting every year within six
months of the end of accounting year to the Authority.
(2) The service provider shall also submit reports based on the replacement cost
accounting every second year within six months of the end of accounting year to
the Authority.
(3) The reporting period shall be same as followed by the company for preparation
of the annual financial accounts under sub section (4) of section 210 of the
Companies Act, 1956.
Provided that, if reporting period exceeds fifteen calendar months, the accounting
separation statements shall be divided into 12 months and the balance period.
6. Audit - (1) Every service provider, to which these regulations apply, shall appoint
an auditor who is qualified for appointment as an auditor under section 224 or
233-B of The Companies Act, 1956.
(2) The auditor shall audit the reports so prepared.
(3) The auditor in his report shall express an opinion as to whether the reports
have been properly drawn in accordance with the regulation and he has received
all information and explanation necessary for the purpose of audit.
7. Confidentiality - The Authority shall ensure the confidentiality of the financial
information submitted under various provisions of the Regulation.
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Provided that, where the Authority is of the opinion that it is necessary or
expedient to disclose the information in public interest, it may, for reasons to be
recorded in writing, do so.
Provided further that no information shall be disclosed by the Authority, except
after giving the company an opportunity of making such representation in writing,
as it may wish to make in that behalf and taking such representation into
consideration.