08-20-2003, 04:28 AM
Now the situation is changed, as all the old members can see the applicability of Code of Corporate Governance,
but one thing i would like mention, have anyone been to AGM of any company, I have been (as auditor), if you look at the behaviours of shareholders, fighting for One cold drink, i sometimes think, that for these shareholders, we qualify the reports???? for them we fight with the management of the company for appropriate disclosures, even sometimes we lost the client, even if we qulify the report, then what action SECP takes against those culprit companies??????????? Nothing,
so bhai jan,
in pakistan the auditors are of that thinking, that if we are safe, then let the company whatever she wants to do. <img src=icon_smile.gif border=0 align=middle>
S M R
but one thing i would like mention, have anyone been to AGM of any company, I have been (as auditor), if you look at the behaviours of shareholders, fighting for One cold drink, i sometimes think, that for these shareholders, we qualify the reports???? for them we fight with the management of the company for appropriate disclosures, even sometimes we lost the client, even if we qulify the report, then what action SECP takes against those culprit companies??????????? Nothing,
so bhai jan,
in pakistan the auditors are of that thinking, that if we are safe, then let the company whatever she wants to do. <img src=icon_smile.gif border=0 align=middle>
S M R
