The threshold required for a private company to have its financial statements audited
Reform ID		F447
Description		The threshold for unlisted companies to have their financials audited will be significantly increased. Following international best practices, companies and groups meeting at least two of the three criteria of turnover, net assets, or number of employees may prepare unaudited financial statements.
Department		Securities and Exchange Commission of Pakistan (SECP)
Jurisdiction / Location		Federal - Entire Pakistan
Sector		All Sectors
Start Date
Target Deadline
Date Enacted
Implementation Status		In Progress
Progress		25%
CCORR Direction		Eliminate
Cost Savings PKR (Mil.)
Evidence