ASIM IFTIKHAR (PARTNER, ANJUM ASIM SHAHID REHMAN, CHARTERED ACCOUNTANTS) versus ALI AZEEM IKRAM, HOD, SECP
Sections 255 and 260 of the Securities and Exchange Commission of Pakistan Act (XLI of 1997), failure of section 33 auditors to bring forward material facts related to the matters of the Company Chartered Accountants (Firm), legal audit of the Company's account book, and related Make Audit Reports on the Company's Financial Statement for the Term Seed audit reports, which were part of the firm's board of directors of the Company's Chartered Accountant, proposed a cash profit, and said the proposed dividend annual general meeting. Payment was made for the approval of the shareholders in the company, except for the scheduling / bond letter clauses. Shareholders were prohibited from paying / paying dividends, and the company contracted with the contract. With the commission explicitly barring the company from announcing payments and profits without the permission of the company's annual accounts without the bank's permission, it was exchanged that the company did not comply with the material related to the Fact not disclosed to the accounts in the relevant note Failed to comment on auditor's division / non-disclosure of profit restriction Failure to declare profit to the company despite material information affecting the rights of shareholders through the auditor. Issuer disqualified audit report on company affairs by ban auditor Was, nevertheless, were not satisfied with the response to the annual accounts audited. The showcase notice states that it has failed in its duty as an auditor to bring material facts to the company's affairs, and under section 255 (3) of the Companies Ordinance 1984, the auditor fined Rs 50,000.
Related judgments — Securities and Exchange Commission of Pakistan, 2015
