WhatsApp +92 323 494 3590 | m.amjadassociates@gmail.com
Our audit approach and standards
Our Audit Approach
We take a risk-based, client-focused approach to every audit — combining technical rigour with practical business understanding;
Planning and Risk Assessment: We invest time upfront to understand your business, industry, and the risks that matter — enabling a focused, proportionate audit that avoids unnecessary disruption.
Controls and Evaluations: We assess the design and effectiveness of your internal controls, identifying weaknesses and opportunities to strengthen your financial governance before they become problems.
Substantive Testing: Our evidence-gathering is targeted and efficient, using data analytics and professional judgement to focus testing on areas of highest risk and materiality.
Reporting and Management Letter: Beyond the audit opinion, we provide a detailed management letter with practical, actionable recommendations — giving you real value from the engagement.
Follow-up and Continuity: We track implementation of recommendations and maintain continuity of engagement to ensure prior findings are resolved and audit quality improves year on year.
Planning & isk Assessmentuationantive Ttingeporting
Our standards
Every engagement is conducted in accordance with internationally recognised standards, ensuring consistency, quality, and credibility of our reports.
ISAs
International Standards on Auditing: Audits of financial statements are conducted under ISAs as adopted in Pakistan, ensuring global best practice in evidence gathering and reporting.
IFRS / IFRS for SMEs
Financial Reporting Frameworks: We assess compliance with IFRS and IFRS for SMEs as mandated by SECP and applicable regulators, including public interest entity requirements.
ISRE 2400
Review of Historical Financial Statements: Review engagements follow ISRE 2400, providing limited assurance through analytical procedures and inquiry.
ISRS 4400
Agreed-Upon Procedures: Factual findings engagements are structured under ISRS 4400, ensuring transparent scope definition and objective reporting.
ICAP / SECP
Regulatory Compliance: All engagements comply with the requirements of the Institute of Chartered Accountants of Pakistan and the Securities and Exchange Commission of Pakistan.
Amjad Associates
Chartered Accountants
Reach us at:
Email: m.amjadassociates@gmail.com
WhatsApp: +92 323 494 3590
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Audit & Assurance
Virtual Bookkeeping and Accounting for US based CPA firms and clients
Taxation Services
Income Tax
Sales Tax on goods and services
Tax appeals
Tax Refunds
Main Market Gulberg II, Lahore.