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SECP's awareness session for ICAP members.

ISLAMABAD -- The Securities and Exchange Commission of Pakistan (SECP) in collaboration with the Institute of the Chartered Accountants of Pakistan (ICAP) organizes an awareness seminar on general issues faced by the practicing chartered accountants.

The SECP officials briefed the participants on the regulator's perspective on audit profession and informed about the general non-compliances to be observed during inspection of audits, said a statement here Tuesday.

The chartered accountants were also briefed about the initiatives taken by the SECP to address future challenges faced by the audit profession.

To elaborate upon generic non-compliances, the participants were informed about incidents of non-compliances, on which proceedings were initiated against the practicing chartered accountants in the last four years.

The ICAP's representatives, during their presentations drew attention towards some of the issues and irregularities which were identified during the investigation process and Quality Control Review (QCR).

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Publication:Balochistan Times (Baluchistan Province, Pakistan)
Date:Nov 4, 2015
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