ICAP vide Circular No. 5/2020 (dated May 15, 2020) clarifies that auditor of a retirement benefit fund should conduct audit in accordance with the International Standards on Auditing (ISAs) as applicable in Pakistan and issue a report on financial statements in accordance with the ISA 700 (Revised), Forming an Opinion and Reporting on Financial Statements.

Circular can be accessed on following link: http://www.icap.net.pk/archives/5794

Posted in ICAP