Audit firm suspended for misconduct

Audit firm suspended for misconduct

KARACHI: The Institute of Chartered Accountants of Pakistan (ICAP) has suspended an audit firm for professional misconduct and removed the name of the firm for six months.

In a communication on Tuesday, the ICAP said that after conducting professional misconduct proceedings against Abubakar Bilwani, FCA, Sole Proprietor of Bilwani & Co. Chartered Accountants and Partner of Mushtaq & Co. Chartered Accountants, the Council of Institute had decided to remove name of the member from the Registrar of Members of the Institute under provisions of Section 20D of the Chartered Accountants Ordinance, 1961 for a period of six months with effect from February 28, 2020.

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