Regulatory Alerts2025-12-12 | BPRD Circular Letter No. 24State Bank of Pakistan Panel of Auditors Maintained Under Section 35 (1) of Banking Companies Ordinance, 1962
The State Bank of Pakistan maintains a categorized panel of authorized audit firms eligible to perform audits on banks and Development Finance Institutions (DFIs). Audit firms in Category 'A' are qualified to audit all banks and DFIs, whereas those in Category 'B' and 'C' are restricted by specific thresholds for asset size and branch count. Specifically, Category 'B' firms are limited to entities with up to 100 billion in assets or 160 branches, while Category 'C' firms are limited to those with up to 15 billion in assets or 30 branches.
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