06-13-2009, 06:23 AM
This question is seems to be illogical that company does not want the audit to be conducted, why any company would do so ?
However the answer is the same as discussed in point no. 2 of the first reply,
With regards to your second question, The auditor can never be a CA inter or CMA Inter, Auditor should posses such qualification as discussed in section 254 of the ordinance. however,if a company appoints such a person as an auditor who is subject to any disqualification or unable to act as an auditor due to being unqualified or unwilling to act as such, acts as auditor of a company shall be liable to fine which may extend to twenty-five thousand rupees.
Furthermore, any such appointment shall be void and SECP may appoint the auditor on the place of such auditor, who has been appointed by the company.
Best Regards,
However the answer is the same as discussed in point no. 2 of the first reply,
With regards to your second question, The auditor can never be a CA inter or CMA Inter, Auditor should posses such qualification as discussed in section 254 of the ordinance. however,if a company appoints such a person as an auditor who is subject to any disqualification or unable to act as an auditor due to being unqualified or unwilling to act as such, acts as auditor of a company shall be liable to fine which may extend to twenty-five thousand rupees.
Furthermore, any such appointment shall be void and SECP may appoint the auditor on the place of such auditor, who has been appointed by the company.
Best Regards,
