FRC asks ICAB to re-audit Coppertech

The Financial Reporting Council (FRC) has asked the Institute of Chartered Accountants of Bangladesh (ICAB) to re-audit the financial report of Coppertech Industries.

The copper producer has already completed the initial public offering lottery draw after completion of public subscription of 2 crore shares worth Tk 20 crore under the fixed price method. It is now waiting to get listed.

In the meantime, the Dhaka Stock Exchange decided to scrutinise the company’s financial report on allegation of inflated information.