The advent of information technology has significantly altered the traditional approach of conducting business and has also changed the pattern of business organizations. In this new environment, one aspect contributing to the success of a business significantly rests on the provision of timely and reliable financial information to promote confidence amongst its stakeholders and other users of such information.
The firm’s approach in this practice segment is risk-based, in that it considers the organization as whole, while considering the overall industry and the economic environment in which it operates. Careful evaluation of factors materially affecting the entity’s business and the type and extent of EDP environment is also undertaken. Such an approach primarily focuses on the reliability and relevance of financial information while simultaneously seeking to achieve compliance with local regulations and any other formalities required in the reporting process. Such a “top down” approach also enables value addition through the provision of valuable and independent insights on actions required to achieve future objectives.
Evaluation
high quality legal support services to our clients
The Firm’s methodology provides a continuous audit process by staying in touch with clients round the year, keeping them updated with changing conditions and providing ongoing feedback on business decisions that could affect financial statements.
In order to provide high quality legal support services to our clients, we have been privileged for making alliance with leading legal advisory firms operating in all major cities of Pakistan and having affiliation with International firm also. Some of the major Accounting and Auditing services offered by the firm are as follows:
STATUTORY AUDIT
- Audit of financial statements in accordance with the generally accepted international
auditing standards. - To express independent opinion on proper presentation of financial affairs in material
respect and in accordance with the generally accepted accounting principles. - To ensure compliance with the Companies Ordinance and other relevant laws.
AUDIT OF FINANCIAL INSTITUTIONS INCLUDING NBFIs, INSURANCE COMPANIES AND COOPERATIVE COMPANIES AND SOCIETIES
- Special Acts govern the operations of financial Institutions, insurance companies and
cooperative societies. - Our partners and senior professional staff are experienced in this field and they are fully
acquainted with the special legal and financial reporting requirements of institutions in the
financial sector.
MANAGEMENT AND OPERATIONAL AUDITS
- An independent, future oriented and systematic evaluation of corporate management
performance.
INTERNAL AUDIT
- To provide regular internal audit and post audit services to companies.
- To identify the areas of profitability improvement, attainment of corporate
objectives and goals through improvement in corporate, human resources, operation,
marketing and financial management. - To recommend action and implementation strategy
COST AUDITS
- Cost audits in accordance with cost audit rules issued under the Companies Ordinance 1984.
PROPRIETARY AUDIT AND SPECIAL INVESTIGATIONS
- On behalf of shareholders, lending agencies or other interested parties to critically
review and independently report on specific areas assigned.
SYSTEMS REVIEWS
- Review and evaluation of internal control systems, including the accounting and
management information systems.
COMPUTER SYSTEM AND INSTALLATION AUDITS
- Review and evaluation of internal control of computer systems and installation audits.
ACCOUNTANCY AND MANAGEMENT CONSULTANCY SERVICES
- Assistance and supervision in maintenance of accounting record.
- Preparation of financial statements/management reports.
- Project and trust accounting, allied management and supporting services.
- Project dose out review and control.
- In company covenanted services for consortiums and financiers.
- Operational manuals and policy making services.