ISQC-1

ISQC-01 Quality Control for Firms That Perform Audits and Reviews of Historical Financial Information, and Other Assurance and Related Services Engagements

QCR DOCUMENTS

ICAP QCR Documents

* ISQC-1
* SMO-1 Issue by IFAC
* Council Directive Relating to QCR
* Circulars
* Audit Practice Manual Vol I &II
* Audit Compliance Review (ACR) Checklist
* QCR Checklist

SECP PAKISTAN

Securities and Exchange Commission of Pakistan

Statutory QCR Rating by SECP

The Institute perceives liaison with the regulatory authorities of the country as essential to the ongoing success of its QCR Program.

The Securities and Exchange Commission of Pakistan (SECP), through the Listing Regulations of the three Stock Exchanges namely Karachi, Lahore and Islamabad, has made mandatory QCR rating for the firms of chartered accountants engaged in the audit of listed entities.

Accordingly, no listed company shall appoint as external auditors a firm of Chartered Accountants which has not been given a satisfactory rating under the Quality Control Review Program of the Institute of Chartered Accountants of Pakistan.

Relevant Requirements of the Karachi Stock Exchange Listing Regulations relating to QCR

31-A All listed companies shall facilitate the Quality Control Review (QCR) of the audit working papers of practicing chartered accountants, carried out by the Institute of Chartered Accountants of Pakistan (ICAP) and, therefore, shall authorize their auditors to make available all the relevant information including the audit working papers to the QCR Committee of ICAP.

37 (xxxvii) No listed company shall appoint as external auditors a firm of auditors which has not been given a satisfactory rating under the Quality Control Review programme of the Institute of Chartered Accountants of Pakistan.

List of firms having satisfactory QCR Rating

S-No.	Name of Firms
1.	A. A. Baig & Co.
2.	A. Aziz Chaudhury & Co.
3.	A. F. Ferguson & Co.
4.	A. M. Laliwala & Co.
5.	A. R. Khan & Co.
6.	Abbas & Co.
7.	Abbas Karjatwala & Co.
8.	Abdan & Co.
9.	Ahmad Junaid & Co.
10.	Ahmed Mushir & Co.
11.	Akbar G. Merchant & Co.
12.	Akhter Mahmood Mian
13.	Ali & Co.
14.	Amin & Co.
15.	Amin Mudassar & Co.
16.	Amir Alam Khan & Co.
17.	Anjum Asim Shahid Rahman
18.	Arshad Raheem & Co.
19.	Avais Hyder Liaquat Nauman
20.	Azhar Zafar & Co.
21.	BDO Ebrahim & Co.
22.	Daudally Lalani & Co.
23.	Faisal Iqbal Khawaja
24.	Faruq Ali & Co.
25.	Fazal Mahmood & Co.
26.	Feroze Sharif Tariq & Co.
27.	Ford Rhodes Sidat Hyder & Co.
28.	Ghalib & Co.
29.	Hafizullah & Co.
30.	Haider Shamsi & Co.
31.	Hameed Chaudhri & Co.
32.	Hameed Khan & Co.
33.	Haroon Zakaria & Co.
34.	Hashmi & Co.
35.	Hassan Farooq & Co.
36.	Hassan Naeem & Co.
37.	Hyder Bhimji & Co.
38.	Ibrahim, Shaikh & Co.
39.	Ijaz Tabussum & Co.
40.	Ilyas Saeed & Co.
41.	Jalis Ahmad & Co.
42.	Javaid Jalal Amjad & Co.
43.	Javed & Co.
44.	Kabani Saeed Kamran Patel & Co.
45.	Kaleem & Co.
46.	Kamran & Co.
47.	Khalid Majid Rahman Sarfaraz Rahim Iqbal Rafiq
48.	KPMG Taseer Hadi & Co.
49.	M. A. Chaudhri & Co.
50.	M. A. Tabassum & Co.
51.	M. Almas & Co.
52.	M. Ather & Co.
53.	M. Hussain Chaudry
54.	M. Sikandar & Co.
55.	M. Yousuf Adil Saleem & Co.
56.	Mahboob Sheikh & Co.
57.	Mansoor Aslam Seraj Saleem
58.	Manzoor Hussain Mir & Co.
59.	Mehmood Idrees Qamar & Co.
60.	Moochhala Gangat & Co.
61.	Mudassar Ehtisham & Co.
62.	Munaf Yusuf & Co.
63.	Muniff Ziauddin & Co.
64.	Mushtaq & Co.
65.	Nasir & Co.
66.	Nasir Javaid Maqsood Imran & Co.
67.	Naveed Zafar Husain Jaffery & Co.
68.	Qadeer & Co.
69.	Qavi & Co.
70.	Rafaqat Babar & Co.
71.	Rafaqat Mansha Mohsin Dossani Masoom & Co.
72.	Rahim Jan & Co.
73.	Rahman Iqbal Umar Iftikhar & Co.
74.	Rahman Sarfaraz Rahim Iqbal Rafiq
75.	Rao & Co.
76.	Rauf Ayoob & Co.
77.	Riaz Ahmad & Co.
78.	Riaz Ahmed Saqib Gohar & Co.
79.	Rizwan & Co.
80.	S. M. Masood & Co.
81.	S. M. Rehan & Co.
82.	S. M. Suhail & Co.
83.	S. P. Amjad & Co.
84.	Salariya & Co.
85.	Sarwar Awan & Co.
86.	Sarwars
87.	Shafiq & Co.
88.	Shahid Sami & Co.
89.	Shahid Tariq & Co.
90.	Shakir & Co.
91.	Sheikh & Chaudhri
92.	Shekha & Mufti
93.	Tahir Razzaque Khan & Co.
94.	Tahir Siddiqi & Co.
95.	Tanzeem & Co.
96.	Tariq Ayub Anwar & Co.
97.	Viqar A. Khan
98.	Yusaf Saeed & Co.
99.	Zahid Jamil & Co.
100.	Zakaria Loya & Co.

QCR RATED AUDIT FIRMS IN PAKISTAN

THE FOLLOWING FIRMS HAVE STATUTORY QCR RATING PROVIDED BY INSTITUTE OF CHARTERED ACCOUNTANTS OF PAKISTAN.

List of firms having satisfactory QCR Rating

(On the basis of reports issued upto 11 June 2008)

Based on our review, nothing has come to our attention that causes us to believe that these firms have not carried out the audit of their clients in accordance with the International Standards on Auditing as adopted in Pakistan.

This opinion has been expressed for the limited purpose of communicating our understanding of the adherence to the professional standards by these firms in conducting the audit of their clients. This does not in any way absolve or reduce the professional responsibility of these firms in expressing their audit opinion on the financial statements of their clients.

S-No.	Name of Audit Firms
1.	A. A. Baig & Co.
2.	A. Aziz Chaudhury & Co.
3.	A. F. Ferguson & Co.
4.	A. M. Laliwala & Co.
5.	A. R. Khan & Co.
6.	Abbas & Co.
7.	Abbas Karjatwala & Co.
8.	Abdan & Co.
9.	Ahmad Junaid & Co.
10.	Ahmed Mushir & Co.
11.	Akbar G. Merchant & Co.
12.	Akhter Mahmood Mian
13.	Ali & Co.
14.	Amin & Co.
15.	Amin Mudassar & Co.
16.	Amir Alam Khan & Co.
17.	Anjum Asim Shahid Rahman
18.	Arshad Raheem & Co.
19.	Avais Hyder Liaquat Nauman
20.	Azhar Zafar & Co.
21.	BDO Ebrahim & Co.
22.	Daudally Lalani & Co.
23.	Faisal Iqbal Khawaja
24.	Faruq Ali & Co.
25.	Fazal Mahmood & Co.
26.	Feroze Sharif Tariq & Co.
27.	Ford Rhodes Sidat Hyder & Co.
28.	Ghalib & Co.
29.	Hafizullah & Co.
30.	Haider Shamsi & Co.
31.	Hameed Chaudhri & Co.
32.	Hameed Khan & Co.
33.	Haroon Zakaria & Co.
34.	Hashmi & Co.
35.	Hassan Farooq & Co.
36.	Hassan Naeem & Co.
37.	Hyder Bhimji & Co.
38.	Ibrahim, Shaikh & Co.
39.	Ijaz Tabussum & Co.
40.	Ilyas Saeed & Co.
41.	Jalis Ahmad & Co.
42.	Javaid Jalal Amjad & Co.
43.	Javed & Co.
44.	Kabani Saeed Kamran Patel & Co.
45.	Kaleem & Co.
46.	Kamran & Co.
47.	Khalid Majid Rahman Sarfaraz Rahim Iqbal Rafiq
48.	KPMG Taseer Hadi & Co.
49.	M. A. Chaudhri & Co.
50.	M. A. Tabassum & Co.
51.	M. Almas & Co.
52.	M. Ather & Co.
53.	M. Hussain Chaudry
54.	M. Sikandar & Co.
55.	M. Yousuf Adil Saleem & Co.
56.	Mahboob Sheikh & Co.
57.	Mansoor Aslam Seraj Saleem
58.	Manzoor Hussain Mir & Co.
59.	Mehmood Idrees Qamar & Co.
60.	Moochhala Gangat & Co.
61.	Mudassar Ehtisham & Co.
62.	Munaf Yusuf & Co.
63.	Muniff Ziauddin & Co.
64.	Mushtaq & Co.
65.	Nasir & Co.
66.	Nasir Javaid Maqsood Imran & Co.
67.	Naveed Zafar Husain Jaffery & Co.
68.	Qadeer & Co.
69.	Qavi & Co.
70.	Rafaqat Babar & Co.
71.	Rafaqat Mansha Mohsin Dossani Masoom & Co.
72.	Rahim Jan & Co.
73.	Rahman Iqbal Umar Iftikhar & Co.
74.	Rahman Sarfaraz Rahim Iqbal Rafiq
75.	Rao & Co.
76.	Rauf Ayoob & Co.
77.	Riaz Ahmad & Co.
78.	Riaz Ahmed Saqib Gohar & Co.
79.	Rizwan & Co.
80.	S. M. Masood & Co.
81.	S. M. Rehan & Co.
82.	S. M. Suhail & Co.
83.	S. P. Amjad & Co.
84.	Salariya & Co.
85.	Sarwar Awan & Co.
86.	Sarwars
87.	Shafiq & Co.
88.	Shahid Sami & Co.
89.	Shahid Tariq & Co.
90.	Shakir & Co.
91.	Sheikh & Chaudhri
92.	Shekha & Mufti
93.	Tahir Razzaque Khan & Co.
94.	Tahir Siddiqi & Co.
95.	Tanzeem & Co.
96.	Tariq Ayub Anwar & Co.
97.	Viqar A. Khan
98.	Yusaf Saeed & Co.
99.	Zahid Jamil & Co.
100.	Zakaria Loya & Co.