Use of audit firms

External audit reports are required from, and it is mandatory requirement for all publicly traded companies in Pakistan. The Securities Exchange Commission of Pakistan has made it a statutory requirement for public companies to publish their audit reports. These audit reports must be obtained through external audit firms in Pakistan, who will then use the audit reports to inform the stakeholders about the organization. The audit report contains the auditors review and opinion for the organization from an auditor. This is to reflect the company’s position and activities that organization has been carrying out. The auditor’s report could directly affect the interest of investors, because it shows the reputation of the company/organization. The better the review the more interest of investors will be developed and vice versa, this is because an auditor considers transactions, accounts, assets, investments of the organization, and then matches everything stated by the organization in their accounts.

Furthermore, these audit & accounting services assure your company’s compliance with requirements of applicable laws, financial reporting standards as advised by the Institute of Chartered Accountants of Pakistan. these audit and accounting firms will also ensure regulations, rules, contracts, or grants of your organization are in line with the laws. The most common audit & accounting services provided by these firms is accounting itself.

Whereas there are other services provided by these audit firm in Karachi, they will review the compliance. These services are provided to your company to help it to comply with the statutory requirements, as it is required by the Securities Exchange Commission of Pakistan that publicly traded companies must publish audit reports. Sayub & co. an audit firm in Karachi, will not only help in auditing but will also help in maintain compliance through other methods, and from these services there are other non-auditing services that are provided by audit firms. Such as advisory services, which can give you critical information for making balanced and rational decisions about your business. For more information about our services contact us today.