Listed Companies: Sec 74 of Companies Act, 2017 "Appointment, removal and fee of auditors"
Reform IDF440
DescriptionThe proposal was to introduce a mandatory cool off period for individual auditor after 5 years and auditing firm after 10 years.
DepartmentSecurities and Exchange Commission of Pakistan (SECP)
Jurisdiction / LocationFederal - Entire Pakistan
SectorAll Sectors
Start Date
Target Deadline
Date Enacted
Implementation StatusIn Progress
Progress 25%
CCORR DirectionSimplify
Cost Savings PKR (Mil.)
Evidence