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+--- Thread: clients of Riaz Ahmed and Co (/thread-clients-of-riaz-ahmed-and-co)
clients of Riaz Ahmed and Co - faran - 11-26-2010
Will RACO lose its major clients like MCB, nishat group in near future??????
- wicky - 11-26-2010
why r u thinking so?
- mudassar2704 - 11-26-2010
who said and why?
- faran - 11-26-2010
I am thinking so becoz I like that firm and I want to get inducted in that firm when I will clear my ca-inter. I think you said so becoz of my query in career forum. At that time I was very disappointed but now I receive some encouragement from my friends and family to do full CA. I think I have no chance in big 4 but MFC 14 still can get into top ten.
I said so becoz listed companies have to rotate the firms after 5 years and I think 5 years are about to complete.
- faran - 11-27-2010
mudassar
are u audit trainee?
- mudassar2704 - 11-27-2010
Yup, but not in RACO
- alihassan1414 - 11-28-2010
then where ?????????????????
- faran - 12-04-2010
can somebody like to answer my original question?
- wicky - 12-04-2010
well y r u so worried.
even if it loses some clients due 2 some reason , still it would be good firm.
thx
- faran - 12-04-2010
I am not worried. RACO is all about nishat group and when it loses that group it will not be that geat firm. Nishat group is the biggest group, not one or two companies.
- VITAL - 12-05-2010
Clause (xli) of the Code of Corporate Governance might help you
(xli) (a) All companies (whether listed or otherwise) in the financial sector shall change their external auditors every five years. Financial sector, for this purpose, means Banks, Non-Banking Finance Companies (NBFCs), Modarabas and Insurance Companies; and
(b) All listed companies other than those in the financial sector shall, at a minimum, rotate the engagement partner after every five years.
- faran - 12-05-2010
[)]thanks[8D]