Regulatory Alerts2024-02-15
Added · Updated
Circular No. 03 of 2024 Appointment of Auditors for SECP Regulated Entities
The Securities and Exchange Commission of Pakistan revises the list of approved auditors for regulated entities by including Junaidy Shoaib Asad in Annexure I, clause (ii). Eligible firms may submit applications for enlistment or updated information by the end of February. The circular maintains tiered auditor appointment requirements based on entity type and asset size thresholds, such as Rs. 50 billion for NBFCs and Rs. 1 billion for Modarabas, while mandating Audit Oversight Board registration for Public Interest Companies.
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