Ministry of Finance, on Friday December 23, 2016, issued a notification for appointment of Chairman and Members of the Audit Oversight Board (AOB) formed under the Securities and Exchange Commission of Pakistan Act, 1997 (XLII of 1997) the Following persons have been notified: Dr Tariq Hassan, as Chairman, Ahmad Saeed Member, Muhammad Naeem, Member, Ms Faresa Jafarey Ahsan, Member, Shahid Ghaffar, Member, Tariq Iqbal Khan, Member, and Asif Usman, Member.
These appointments have been made with immediate effect and for a period of three years. The appointments have been made on the recommendation of the nominating committee comprising the Chairman SECP, Secretary Finance Division, Governor SBP and President ICAP.
All the appointees are eminent professionals having vast experience in the relevant fields. Dr Tariq Hassan is an attorney practising law and has been the ex-Chairman of SECP and advisor to the Finance Minister in the past. Ahmad Saeed is a fellow member of the ICAP and the Institute of Cost and Management Accountants of Pakistan (ICMAP). Muhammad Naeem is also a chartered accountant and is presently serving as a board member of the NBP and the PSX. He has also served as Chairman Lahore Stock Exchange in the past. Ms Faresa is a leading corporate lawyer in Pakistan and is currently associated with LMA Ebrahim Hosain. Shahid G Khan is currently working as Managing Director, National Investment Trust. He has also served as Commissioner SECP and MD KSE in the past. Tariq I Khan is also a fellow chartered accountant and has served at numerous key positions such as President ISE, Member FBR and Commissioner SECP. Asif Usman is a retired BPS-22 officer of the Pakistan Audit & Accounts Service and remained Controller General of Accounts.
The AOB is a body formed under the SECP Act, 1997 to regulate the audit profession in the country. Its functions among many others include registration and de-registration of audit firms which intend to carry out audit of public interest companies, oversight and review of the Quality Assurance Board of the Institute of Chartered Accountants of Pakistan (ICAP) etc.
Tweet: Finance Division, through a notification on December 23, 2016, has appointed the Chairman and Members of the Audit Oversight Board formed under the SECP Act, 1997. The appointments are with immediate effect and for a period of three years.-PR
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