Auditors receive flak from FM 

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Aug. 20, 2010, 5:45 p.m. Published in Magazine Issue: Vol.:4 No.-06 August 20- September 02,2010(Bhadra-04,2067)
Finance Minister Surendra Pandey has come down hard against the auditors accusing them of ‘cooking up figures’ instead of ‘auditing.’ Minister Pandey asked the auditors to work to end financial irregularities committed by various institutions. “Nepalese professionals have big houses and vehicles. But they do not pay taxes. Are auditors responsible for this situation or not?” he asked, speaking at a program organized, on August 13, by Auditors’ Association of Nepal. According to latest data, around 500,000 people pay tax in the country – which is only 2 percent of the total population.

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