The State Bank of Pakistan (SBP) has announced that it has inducted Chartered Accountancy firm Mehmood Idrees Masood and Co in the panel of auditors of SBP with immediate effect.
The company is placed in Category 'C' and eligible to conduct audit of Banks and DFIs those have total assets (net of contra items) below Rs 5 billion or number of branches below 10.
R.H. and Co (placed in 'C' category), Chartered Accountancy firm that was included in the SBP's Panel of Auditors has been removed from the panel with immediate effect.