The Securities and Exchange Commission of Pakistan (SECP) has constituted a joint committee for reviewing the existing audit framework for improving the audit regime and quality of the audit in Pakistan.
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According to the S. R. O. 447(I)/2021 issued by the SECP here on Thursday, the joint committee comprises the following members/convener:
- Shahid Karim, Chief Regulatory Officer Member representing Audit Oversight Board;
- Farrukh Rehman, Council Member Member representing the Institute of Chartered Accountants of Pakistan;
- Tariq Ahmed, Additional Director Member representing SECP
- Muhammad Tanveer Alam, Additional Director Member representing SECP and Convener of the committee.
Pakistan is first country where corrupts paretic by audit, chief Auditor/ Auditor General of Pakistan. Audit note, audit para, advance para than draft para. More then ten years period to solve audit note. No rule and regulation of audit,