Regulatory Alerts2000-07-29
Added · Updated
Audit of Cost Accounts
Companies required to maintain cost accounting records under section 230(1)(e) of the Companies Ordinance, 1984, must furnish a complete profile of proposed Cost Auditors when seeking prior approval from the Securities & Exchange Commission of Pakistan for their appointment. This profile must include details of qualified and supporting staff for firms of Cost & Management Accountants, or, for Chartered Accountant firms, the particulars of associated Cost & Management Accountants or evidence of relevant cost audit experience among partners and employees.
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