12-22-2009, 01:06 PM
Dear
Code of ethics does not allow auditors to perform management functions of their clients. However each jurisdiction has decided what activities have to be included in management functions.
In Pakistan, auditors cannot provide such services (excluding tax advisory) to their clients that are the listed companies.
For materiality reasons and keeping in view meager amount of larger public interest in unlisted companies, so far, a strict restrictions has not been imposed on their auditors. However, it appears this will also happen in coming future.
Regards,
Kamran.
Code of ethics does not allow auditors to perform management functions of their clients. However each jurisdiction has decided what activities have to be included in management functions.
In Pakistan, auditors cannot provide such services (excluding tax advisory) to their clients that are the listed companies.
For materiality reasons and keeping in view meager amount of larger public interest in unlisted companies, so far, a strict restrictions has not been imposed on their auditors. However, it appears this will also happen in coming future.
Regards,
Kamran.
