SECP to revisit the list of approved auditors under Section 48(1)

SECP
        to revisit the list of approved auditors under Section 48(1)
of the 2000     Insurance Ordinance
The Securities and Exchange Commission of Pakistan has decided to
revisit the list of approved auditors under Section 48(1) of the 2000
Insurance Ordinance.In a statement issued by the SECP, all interested
auditing firms were asked to file their applications along with

relevant documents by February 10.During last year, the Commission had
issued the list of approved auditors eligible to conduct the audit of
insurance, reinsurance and takaful entities, which was subject to a
periodical review in order to accommodate new firms and to
re-categorize the firms on the basis of fresh evidence.SECP shall
review the applications and shall issue the list of approved auditors
to be appointed as external auditors to conduct the statutory audit of
insurance, reinsurance and takaful entities, it added.The statement
further said that the circular along with the application form is
available on the SECP's website. Copyright APP (Associated Press of
Pakistan), 2014
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