Auditors (Reporting Obligations) Regulations, 2018

GOVERNMENT OF PAKISTAN
SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN -.-.-.- Islamabad, the 26th April, 2018 NOTIFICATION S.R.O. 558 (I)/2018._ 1 In exercise of the powers conferred by sub-section (1) of section 512 of the Companies Act, 2017 (XIX of 2017), the Securities and Exchange Commission of Pakistan is pleased to notify the following Auditors (Reporting Obligations) Regulations, 2018, the same having been previously published vide notification S.R.O 471 (I)/2017 dated June 15, 2017, as required by proviso to sub-section (1) of the said section 512, namely:-
CHAPTER I
PRELIMINARY

1. Short title and commencement.__ (1) These regulations shall be called the Auditors
   (Reporting Obligations) Regulations, 2018.
   (2) They shall be applicable for reporting periods ending on or after June 30, 2018.
2. Definitions. – (1) In these regulations, unless there is anything repugnant in the subject or
   context,-
   (i) “Act” means the Companies Act, 2017 (XIX of 2017); (ii) “annexure” means annexure appended to these regulations; (iii) “auditor’s report” means a report on the financial statements of a company by the auditor appointed by the company or the Commission under the provisions of the Act or in the case of an insurer under the provisions of the Insurance Ordinance, 2000 (XXXIX of 2000); (iv) “consolidated financial statements” means financial statements prepared by a holding company subject to section 228 of the Act; (v) “financial statements” in relation to a company means financial statements as defined under clause (33) of sub-section (1) of section 2 of the Act; (vi) “quarterly financial statements” means the financial statements prepared by the listed companies in accordance with section 237 of the Act;2 []