SECP Vs. Chartered Accountants.

0 Vote(s) - 0 Average

SECP Vs. Chartered Accountants.

Pervez
Offline

Member

Posts: 90
Threads: 3
Joined: Jul 2003
Reputation: 0

07-17-2003, 09:33 AM

Hi Raza!
I am not aware of exact circumstances under which SECP took actions against these auditors, but one thing i would remind ourselves that an auditor has a fiduciary duty to investors of the company. He has represented himself as a professional who has specialized in a particular area. Therefore, he should be penalized for professional misconduct. Of course, the aggrieved C.A. has a recourse in the form of legal action against SECP.
I think auditors had a long free ride in our country alongwith others who made hay while sun was shinning. It is time we bring credibility to auditing function.
In very simple term, if there are two thieves in a locality, and police apprehends one of them, he cann't say 'Oh, but you are not going after the other one, why are u after me only' The society is better off if we have one less thief among us.
Bye the way, this situation is not different in other countries. If u know, Enron is still in existence in some form or shape (its energy trading department is fully functioning) but there is no more Arthur Anderson!
We should applaud good actions even if they are against our own interests. Shouldn't we?

Edited by - Pervez on Jul 17 2003 044138 AM

Edited by - Pervez on Jul 17 2003 044645 AM

Edited by - Pervez on Jul 17 2003 044930 AM

Edited by - Pervez on Jul 17 2003 045319 AM

Edited by - Pervez on Jul 17 2003 55541 PM

« Next Oldest | Next Newest »

Users browsing this thread: 1 Guest(s)

Messages In This Thread

SECP Vs. Chartered Accountants. - by smraza - 07-17-2003, 12:47 AM

[No subject] - by Pervez - 07-17-2003, 09:33 AM

[No subject] - by jbladeus - 07-17-2003, 08:35 PM

[No subject] - by smraza - 07-18-2003, 03:34 AM

[No subject] - by Pervez - 07-18-2003, 09:26 AM

[No subject] - by smraza - 07-18-2003, 08:04 PM

[No subject] - by Pervez - 07-19-2003, 07:22 AM

[No subject] - by smraza - 07-20-2003, 04:14 AM

[No subject] - by irfanahmedmeer - 08-01-2003, 07:16 PM

[No subject] - by CBPian - 08-02-2003, 02:47 AM

[No subject] - by CBPian - 08-02-2003, 02:49 AM

[No subject] - by Pervez - 08-02-2003, 08:25 AM

[No subject] - by smraza - 08-03-2003, 12:23 AM

[No subject] - by Pervez - 08-03-2003, 01:35 AM

[No subject] - by smraza - 08-04-2003, 12:24 AM

[No subject] - by CBPian - 08-07-2003, 08:13 PM

[No subject] - by smraza - 08-08-2003, 04:43 AM

[No subject] - by Pervez - 08-08-2003, 08:57 AM

[No subject] - by Bowman - 08-08-2003, 03:26 PM

[No subject] - by Pervez - 08-08-2003, 08:10 PM

[No subject] - by Bowman - 08-09-2003, 03:07 AM

[No subject] - by smraza - 08-11-2003, 04:16 PM

[No subject] - by Bowman - 08-11-2003, 08:58 PM

[No subject] - by Pervez - 08-12-2003, 10:08 AM

[No subject] - by smraza - 08-15-2003, 06:19 AM

[No subject] - by n/a1 - 08-15-2003, 05:51 PM

[No subject] - by jbladeus - 08-15-2003, 06:51 PM

[No subject] - by sumaaan - 08-15-2003, 07:54 PM

[No subject] - by smraza - 08-16-2003, 06:59 AM

[No subject] - by sumaaan - 08-16-2003, 07:33 AM

[No subject] - by zubair - 08-16-2003, 08:51 AM

[No subject] - by Pervez - 08-17-2003, 09:06 AM

[No subject] - by Bowman - 08-18-2003, 01:01 AM

[No subject] - by Pervez - 08-18-2003, 03:16 AM

[No subject] - by smraza - 08-31-2003, 12:24 AM

[No subject] - by Pervez - 08-31-2003, 06:47 AM

[No subject] - by smraza - 08-31-2003, 10:38 AM

[No subject] - by Pervez - 09-01-2003, 01:27 AM

[No subject] - by smraza - 09-01-2003, 03:31 AM

[No subject] - by Pervez - 09-01-2003, 05:13 AM

[No subject] - by smraza - 09-01-2003, 07:29 AM

[No subject] - by Pervez - 09-01-2003, 12:27 PM

[No subject] - by smraza - 09-02-2003, 12:29 AM

[No subject] - by smraza - 09-08-2003, 06:45 PM

[No subject] - by Pervez - 09-09-2003, 10:45 AM

[No subject] - by smraza - 09-09-2003, 05:03 PM

[No subject] - by jbladeus - 09-09-2003, 08:31 PM

[No subject] - by smraza - 09-10-2003, 05:49 AM

[No subject] - by Pervez - 09-10-2003, 12:00 PM

[No subject] - by smraza - 09-10-2003, 08:48 PM

[No subject] - by Pooooh - 09-11-2003, 07:40 AM

[No subject] - by Pervez - 09-11-2003, 10:58 AM

[No subject] - by Pooooh - 09-11-2003, 02:57 PM

[No subject] - by smraza - 09-11-2003, 07:50 PM

[No subject] - by Pervez - 09-11-2003, 08:46 PM

[No subject] - by smraza - 09-12-2003, 02:53 AM

[No subject] - by Pervez - 09-12-2003, 03:10 AM

[No subject] - by Pooooh - 09-12-2003, 03:40 PM

[No subject] - by Pervez - 09-12-2003, 07:54 PM

[No subject] - by smraza - 09-13-2003, 12:58 AM

[No subject] - by Pooooh - 09-13-2003, 03:41 AM

[No subject] - by Pervez - 09-13-2003, 06:32 AM

[No subject] - by Bowman - 09-13-2003, 03:23 PM

[No subject] - by smraza - 09-13-2003, 05:11 PM

[No subject] - by Pervez - 09-15-2003, 08:28 AM

[No subject] - by smraza - 09-16-2003, 12:16 AM

[No subject] - by Pervez - 09-16-2003, 11:56 AM

[No subject] - by smraza - 09-16-2003, 07:50 PM

[No subject] - by Pervez - 09-17-2003, 09:52 AM

[No subject] - by smraza - 09-17-2003, 03:25 PM

[No subject] - by Pervez - 09-17-2003, 08:21 PM

[No subject] - by smraza - 09-17-2003, 08:44 PM

[No subject] - by alizain - 09-21-2006, 03:07 PM

[No subject] - by CBPian - 09-24-2006, 07:05 AM