12-05-2010, 02:09 AM
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.
(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.
