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.
State Bank of Pakistan’s Panel of Auditors
Maintained Under Section 35 (1) of Banking Companies Ordinance, 1962
Category ‘A’
- A1: A.F. Ferguson & Co.
- A2: Baker Tilly Mehmood Idrees Qamar
- A3: BDO Ebrahim & Co.
- A4: Crowe Hussain Chaudhury & Co.
- A5: EY Ford Rhodes
- A6: Grant Thornton Anjum Rahman
- A7: Ilyas Saeed & Co.
- A8: KPMG Taseer Hadi & Co.
- A9: Kreston Hyder Bhimji & Co.
- A10: Muniff Ziauddin & Co.
- A11: Naveed Zafar Ashfaq Jaffery & Co.
- A12: Rahman Sarfaraz Rahim Iqbal Rafiq
- A13: Riaz Ahmad & Co.
- A14: RSM Avais Hyder Liaquat Nauman
- A15: UHY Hassan Naeem & Co.
- A16: Yousuf Adil
Category ‘B’
- B1: Amin Mudassar & Co.
- B2: H.A.M.D & Co.
- B3: HLB Ijaz Tabussum & Co.
- B4: IECnet S.K.S.S.S.
- B5: M.R.M.E & Co.
- B6: Mushtaq & Co.
- B7: Nasir Javaid Maqsood Imran
- B8: Parker Russell - A.J.S.
- B9: PKF F.R.A.N.T.S.
- B10: Reanda Haroon Zakaria Aamir Salman Rizwan & Co.
- B11: Riaz Ahmad Saqib Gohar & Co.
- B12: ShineWing Hameed Chaudhri & Co.
- B13: Suriya Nauman Rehan & Co.
- B14: Tariq Abdul Ghani Maqbool & Co.
- B15: Zahid Jamil & Co.
- B16: Junaidy Shoaib Asad
Category ‘C’
- C1: Fazal Mahmood & Co.
- C2: Feroze Sharif Tariq & Co.
- C3: Ibrahim Shaikh & Co.
- C4: Iqbal Yasir & Co.
- C5: J.A.S.B & Associates
- C6: Malik Haroon Ahmad & Co.
- C7: Mazars M.F. & Co.
- C8: Rafaqat Mansha Mohsin Dossani Masoom & Co.
- C9: Saeed Kamran & Co.
- C10: Sarwars
- C11: S. M. Suhail & Co.
- C12: Uzair Hammad Faisal & Co.
Category Description
- Category 'A': Audit firms in Category 'A' are eligible to conduct audit of all Banks and DFIs.
- Category 'B': Audit firms in Category 'B' are eligible to conduct audit of Banks and DFIs having assets up to Rupees 100 billion or branches up to 160.
- Category 'C': Audit firms in Category 'C' are eligible to conduct audit of banks and DFIs having assets up to Rupees 15 billion or branches up to 30.
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