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Comment on the independent situations

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Question - Comment on the following independent situations in respect of appointment of auditors, with reference to the applicable rules and regulations:

A- Zain and Company, a firm of Chartered Accountants, has received an offer for appointment as auditor of Haris Limited (HL). Imrana partner in Zain and Company is also a partner in Pure Investment Associates, a partnership firm, which owns 100,000 shares in HL.

Reference no: EM132599039

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