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Statutory disclosures regarding the independent external auditing firm, including regulatory categories and professional accreditations.
Chartered Accountants — Independent Statutory Auditors
| Regulatory Authority / Body | Category / Rating Status | Details / Scope |
|---|---|---|
| State Bank of Pakistan (SBP) | Category "B" | Listed on the SBP Panel of Auditors under Category B (eligible for audit of financial institutions and banks). |
| Institute of Chartered Accountants of Pakistan (ICAP) | Satisfactory QCR Rated | Maintains a verified satisfactory Quality Control Review (QCR) rating from ICAP. |
| ACCA Global | Gold Employer / Approved | Association of Chartered Certified Accountants accreditation. |
| ICAEW | Recognized Employer | Institute of Chartered Accountants in England and Wales. |
| Firm Name | Mushtaq and Co, Chartered Accountants |
| Registered Office | Room No. M1 to M4, Mezzanine Floor, Progressive Plaza, Civil Lines Quarters, Beaumont Road, Near Dawood Centre, Karachi, Pakistan. |
| Telephone | +92 (21) 35674741-4 |
| yameen@hzco.com.pk | |
| Scope of Engagement | Statutory annual financial audits, regulatory reporting verification, Net Capital Balance (NCB) certification, and Liquid Capital reviews in accordance with SECP requirements. |
The auditor appointment and regulatory categories are maintained in accordance with the Securities Brokers (Licensing and Operations) Regulations and the Companies Act, 2017.