: Audit
Statutory Audit

Commonly referred to as financial audit, Sheikh & Chaudhri has provided these services to numerous companies, both for domestic and multinational. The scope of audit is generally governed by the company law framework or other statute as applicable. Assurance expressed and communicated through a professional opinion on the truth and fairness of the financial statements audited constitutes the core objective of a statutory audit. The audit has to conform to the International Standards on Auditing (ISAs), issued by the International Federation of Accountants (IFAC), as applicable in Pakistan.

In addition to the short form opinion on the financial statements, a separate issue-focused Management Letter on significant internal control weaknesses and business risks and issues is provided to the management helping them to take necessary remedial measures well in time.


Management Audit

S & C have also conducted special audits, performance or operations audit, the assurance sought to be provided ranges widely from one objective-specific to a comprehensive assurance on financial stewardship, fiduciary behavior, propriety of business conduct and other multifarious objectives set by the client.

The deliverables emerging from the assignments range from a detailed investigative report to a set of proposed options and business solutions tailor-made to the facts, circumstances and sensitivity of each such audit, using modern methodologies and tools catering to the needs of such assignment.

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