Stakeholders and business

Keeping and maintaining records is one thing, and having them validated is another thing. Validation of accounts of the business is done through the help of audit firms. These audit firms in Pakistan provide businesses with auditors who then prepare an auditing report for the businesses. Both incorporated and unincorporated businesses can use the services of auditing firms in Pakistan. Due to the fact that it is required by the Securities Exchange Commission of Pakistan that all the publicly traded companies must publish the auditor’s report along with the annual financial statements.

Although, it is a requirement, the auditor report serves many purposes and has many uses. The use of an external auditor will help the business in ensuring that there are proper rules and regulation maintained by the accounting department. Furthermore, it will enable the managers to see if there has been any fraudulent activity going on or not. As the auditors will investigate the accounts, the transparency of the accounts will be tested, this will also make the internal staff of the company realize that they should be more cautious and avoid making any errors, as the auditor will eventually discover it. The realization of this fact will help the business improve its efficiency and incorporate the sense of responsibility in the employees that they should exhibit.

These audit reports not only creates a sense of responsibility on the employees, but on the managers as well, as the audit report is directed for the use of stake holders, and shareholders being the most important stakeholders of the business, would be able to evaluate the decision making ability of the managers of the business

Sayub & co. is an audit firm in Karachi, it provides both assurance and non-assurance services to its clients. Our  team of auditors will not only help you in obtaining the audit report, but we will also provide consulting based on our findings that will help you improve the business strategies and the business as a whole. With Sayub & co. you will be able get consulting services bases on the audit report that will help you understand your business better. Such as our feasibility study will enable you to know if the expected cash flows are going to have any negative impact on the business. For more information of our services contact us today.