AUDIT & ACCOUNTANCY

Audit in Pakistan is conducted in accordance with the applicable international standards on auditing. The financial statements of companies are prepared and audited under the provisions of the Companies Ordinance, 1984; the international accounting standards; other relevant statutes, and guidelines set by the Institute of Chartered Accountants of Pakistan.

Our professional approach to auditing involves strict quality control of our services. This means maintaining highest standards of profession, adopting modern audit techniques and complete independence. We have provided reliable services and earned the respect and recognition of the financial and business community of Pakistan.

Our examination and review of financial statements often results in valuable recommendations and advice to our clients on the adequacy of internal controls, company’s operations and management. We also ensure that such recommendations are conveyed to the management in time to bring efficiency and improvement in the administrative and accounting procedures.

Under Companies (Audit of Cost Accounts) Rules, 1998, the ghee and cement units are required to get their cost accounts audited by cost auditor. Our Firm has also conducted cost audits in accordance with the Vegetable Ghee and Cooking Oil Companies (Cost Accounting Records) Order, 1990, and Cement Industry (Cost Accounting Records) Order, 1994.

For bookkeeping and accountancy we have developed computerized accounting packages suitably adaptable to various types of businesses and clients needs. Our Firm does carry out accounting work including computerized bookkeeping for various clients. As part of the service we prepare and provide the books of accounts consisting of cashbook, general ledger, sub-ledgers of sales, purchases, debtors and creditors etc. We prepare balance sheet and profit & loss account etc. and various supporting reports and schedules from the books of accounts if required by our valued clients. In addition to routine accounting information, we also provide to our clients, the periodic reports like cash flow statements, receivable and payable positions, daily reports indicating overall position, periodic financial statements tailored according to the needs of our clients.

We have provided reliable services and earned the respect and recognition among the business community, the public and private sectors as well as the government organizations and corporations in Pakistan.

OUR RANGE OF SERVICES INCLUDE THE FOLLOWING:

• Statutory audit
• Internal audit
• Cost audit
• Quality audit under ISO 9000
• Investigation and forensic auditing
• Accounting and financial statements
• Preparing interim management accounts,
• Training of the accounting staff.
• Improvement of existing system and training of staff and officers to understand and follow newly improved system.