Audit for all

Audit means a different thing for different companies, it depends on their status. If a business is incorporated in Pakistan, and is a publicly traded company. Then it must follow the guidelines of the securities exchange commission of Pakistan. Which means such companies must perform external audits regularly, for the protection of their stake holders. This why for many companies the audit might a mere compliance fulfillment on its behalf, and this is the only reason why they use the services of audit firms in Pakistan. We at Sayub & co., one of the most renowned audit firms in Karachi, firmly believe that an audit report can serve many aspects other than just the legal compliance set by the securities exchange commission of Pakistan. Sayub & co. has been in the business for 25 years, and over these years Sayub & co. has developed skills and knowledge that will help your business in many accounting processes including audit reports.

We at Sayub & co. believe that there are many more purposes of audit reports, as working as one of the audit firms in Karachi, it has certainly enlightened us on some of the other uses that are available for audit report which we have over time seen that many businesses do use.

An audit report, irrespective of your business status can serve many purposes for your business. This is why we have been providing audit services to business of any size. An audit report is prepared by auditor which they prepare after reviewing the company’s status. Auditors go throw the companies accounts and look for errors, or any fraudulent activities that the business might have incurred. As a result of an external audit report, many stake holders use the report to make many decisions regarding the business. Let’s say for example, a business owner is looking for a potential buyer to sell their business to. The buyer might be interested in business, and to make the final decision it would need to review the business accounts and financial positions. The audit report of accounts would act as proof of what the company has presented in their accounts. Is it true or there have been sort of fraud that has taken place? The audit report will ensure about fairness of the presentation of the fact. Similarly banks might be interested in the auditor’s report for the same reason, to see the financial position of the business, what are the assets of the business? It could be used to decide what is value of the business. The owners and managers could use the auditor report to see how the business have been performing, and the business accounting presentation is free from flaws and frauds.

It is clear that business can use the audits report for many other reasons. If this information has made you interested in an audit of your business, then contact Sayub & co. today for more information.