Trustees of PM CARES appoint SARC & Associates as auditor of fund

Opposition parties have questioned how the PM CARES Fund is being kept out of the audit purview of the Comptroller and Auditor General (CAG).

Trustees of the PM CARES Fund have appointed SARC & Associates as auditor of the fund. Its website pmcares.gov.in says trustees of the fund, which is called Prime Minister’s Citizens Assistance and Relief in Emergency Situations (PM CARES) Fund, appointed “SARC & Associates, Chartered Accountants, New Delhi, as the auditors” for three years.

The decision was taken by the trustees to appoint this firm as “independent auditors” during the fund’s second meeting on April 23, the updated FAQs (frequently asked questions) on the website states.

The firm, headed by Sunil Kumar Gupta, was appointed auditors of the PM’s National Relief Fund (PMNRF)