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IN THE MATTER OF: MANSHA MOHSIN DOSSANI KHAN & COMPANY, CHARTERED ACCOUNTANTS versus IN THE MATTER OF: MANSHA MOHSIN DOSSANI KHAN & COMPANY, CHARTERED ACCOUNTANTS

Section 252, 255, 260 and 476 Powers and Responsibilities of Auditors Preparation and submission of defective audit report Compliance with the provisions of law Apply penalty auditors appointed to operate a company account, compliance with the provisions of section 255 Submitted an audit report instead. The Company's Ordinance, 1984, examined the Company's audit accounts for the relevant year and auditors of the Enforcement Department of the Commission, the report stated that the Company did not comply with the provisions of Sections 234 and 235 of the Companies Ordinance 1984. And that audit report has been submitted. The auditors were filled with defects by the auditors, who are the ultimate guardians of the interests of the shareholders, after auditing them in accordance with the Company Ordinance, 1984 and the applicable procedures and requirements of the International Accounting and Auditing Standards. Have to give a report on The shareholders were the final entity whose auditors were responsible and they should keep this fact in mind when auditing and reporting on the books of accounts. It was important for auditors to be vigilant and to perform their duties and responsibilities responsibly when auditing accounts and books of accounts. And the audit report could not be taken lightly by the auditors for non-compliance with the provisions of the law, otherwise, instead of complying with the requirements of section 255 of the Companies Ordinance, 1984, the representation of the auditors who signed the report , He blamed it. The maximum fine of Rs. 100,000 after the punishment is improved in the coming years under Section 260 of the Company's Ordinance Accounts Section 260. registration advocate from Diamer lawyer