Two Auditors Penalized by SECP – Will be removed from ICAP List
In an interesting action by the Securities and Exchange commission's vigilance task force, two auditors, which were not named so far by any party, were penalized for not following ICAP's Quality Control Review and Code of Corporate Governance. According to its press release, SECP has finalized the penal actions against the statutory auditors of two companies for their failure to act in conformity with the statutory requirements. The audit reports issued by them did not bring out materia