SERVICE 01
Audit & Assurance
An audit should tell you something you did not already know. Ours is built to test what actually carries risk in your business, and to report it plainly.
INTRODUCTION
Assurance that stands up to scrutiny.
We conduct statutory and voluntary audits for companies, associations and not-for-profit entities across Pakistan, applying International Standards on Auditing as adopted locally.
Planning begins with your business model and the areas where judgement matters — revenue recognition, inventory, receivable recoverability, related-party dealings. Testing is directed there rather than spread evenly across an unweighted checklist.
The deliverable is not only an opinion. It is a management letter you can act on, and a conversation with the partner who signed it.
Capabilities
Engagements are scoped individually. These are the services most often requested.
Statutory Audit
Annual audit of financial statements under the Companies Act and applicable reporting framework.
Limited Reviews
Half-yearly and interim reviews for lenders, boards and group reporting requirements.
Special-Purpose Reporting
Agreed-upon procedures, certifications and reports required by regulators or counterparties.
Group & Consolidation Audit
Consolidated statements, intra-group elimination review and subsidiary coordination.
Internal Control Reporting
Documentation and evaluation of the control environment, with a written management letter.
Audit Readiness
Preparing first-time or newly regulated entities for the audit process before fieldwork begins.
HOW WE HELP
The questions an audit should answer.
We test the balances that drive your reporting, not just the ones that are easy to vouch. Where a figure rests on an estimate, we say so and explain the range.
Control gaps, concentration risk, compliance exposure and process weaknesses are set out in order of consequence, each with a recommendation and an owner.
Reporting is prepared to the format and timetable third parties expect, so financing and filing deadlines are not held up by presentation issues.
Recurring findings are a system problem. We identify the process or system change that removes the finding rather than repeating it in the following year's letter.
Where audit work most often matters
Manufacturing
Inventory valuation, work-in-progress cut-off and costing accuracy carry the greatest audit judgement.
Group structures
Consolidation, related-party transactions and intercompany balances need consistent treatment across entities.
Lender-facing businesses
Covenant calculations and facility reporting require statements that arrive on time and in the expected form.
Not-for-profit & associations
Grant conditions, restricted funds and donor reporting call for specific assurance procedures.
Our approach
Understand
Business model, systems and the areas where management applies judgement.
Analyse
Risk-weighted testing, controls evaluation and substantive procedures where they count.
Advise
Findings discussed with management before they are written, in order of consequence.
Deliver
Opinion, management letter and a debrief with the engagement partner.
Related insights
All insightsSAMPLE CONTENT — CMS-READY PLACEHOLDERS
Speak to the partner who would sign your opinion.
Thirty minutes, no obligation. Bring last year's statements if you have them.