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IN THE MATTER OF: KAMRAN & CO. CHARTERED ACCOUNTANTS versus IN THE MATTER OF: KAMRAN & CO. CHARTERED ACCOUNTANTS

Failure to comply with the legal provisions of Audit 255, 260 (1) and 476 Audit Powers and Duties Impact Auditors failed to fulfill their legal obligations by providing conflicting and misleading information to members. Failed to perform professional performance. Careful and skillful degree of duties deliberately and carelessly ignored their observations and gave the company's accounts a clean bill of health. The auditors had in the past committed a breach of federal duty imposed on them by the shareholders of the relevant company of the auditors concerned. , Instead of complying with the requirements of section 255 of the Companies Ordinance 1984, signed the audit report and thus was held liable for punishment under Section 260 of the Ordinance Auditors' Section 260 so that the shareholder's interest was finalized. Take care After the audit of the values, a report on the books and books of the accounts was required to be submitted to the ordinance of the companies, 1984, ance, the international accounting and auditing standards as per the procedures and requirements of the auditors. Found that, in connection with these accounts, they were required to issue a qualified report. Shareholders were the final entity on which the auditors were responsible. And they should keep in mind the fact that when auditing and reporting on the books of accounts, the auditors must discern their true role and prevent themselves from performing their responsibilities wholeheartedly. They were managed by the directors appointed by them and it was necessary to have a place in place. law websites from Mandi Faizabad lawyer