As you focus on your core business and strategic issues, we will take care of your bookkeeping and accounting. We will develop a financial reporting system that meets the needs of your company.
Pakistan Law Organization offers a variety of accounting services under the supervision of chartered accountants to complete the outsourcing of bookkeeping, payroll, and functions. We provide you with accurate and up-to-date financial data, as well as ensure that your company is able to produce financial reports on time.
Pakistan Law Organization Accountants and Auditors provide services to large and small businesses in the following areas:
As accountant professionals at Pakistan Law, we work hard to assist organizations with their financial reporting and operations.
The purpose of an audit is to evaluate financial information independently. Users can use third-party reports to make investments and other decisions based on the organization’s information. Auditors review all reports provided by the organization to end users. Conducting an objective and thorough audit is essential.
Auditing should be conducted in a business-oriented manner for the Firm. Auditors traditionally focus on records and accounting systems, but it focuses on gaining a deeper understanding of the client’s business. By examining our competency in the business and other services we provide, we examine more than just the financial statements; we examine our audit procedures and appropriate sources of audit evidence. We use the information we gain from other services we provide during the year to provide management with constructive advice. Therefore, we focus both on clients and industries.
The income tax act requires assessees with a turnover or total receipts exceeding Rs.4 million in any recent year to have their accounts audited and to provide a report to the income tax department based on section 44AB. Professionals from our team conduct audits of this type.
When preparing financial statements, auditors must follow accounting principles and statutory requirements. A true and fair picture of the financial position and operating results must be presented to third parties by auditors. They can also review proposals that will affect the entity’s financial position in the future.
A chartered accountant must audit every cooperative society or company registered in Pakistan every year. Companies and cooperative societies are subject to such statutory audits.
It is necessary to conduct an internal audit in large businesses to review daily transactions and formulate boosting systems. To conduct internal audits effectively, it is essential to identify entities that are owned and controlled by different parties. A talented member of our community can conduct such an audit.
Stock and fixed assets in trade are typically physically verified by an independent agency once a year.