Services

Providing assurance services under various statutes across various industries

• Agreed-upon procedures are performed in relation to financial information in line with instructions issued by ICMA International Procedures and tests are sufficiently detailed so as to be clear and unambiguous, and discussed and agreed in advance with the engaging parties so that the factual findings are useful to them and, depending upon the engagement, others to whom the report is made available.

• AUP Report does not express a conclusion, and therefore it is not an assurance engagement in the technical sense.

• Undertaken at the specific request of the management, private equity funds or regulators to detect fraud, misappropriation of resources, bribery, misconduct or other financial irregularities.

• Experienced and qualified subject matter experts are capable of handling forensic and investigative assignments with prodigious ability.

• Forensic practice offers advice, helping clients deal with various complicated business situations and always keeping them on top of the critical risks.

• Testing of design and operative effectiveness of organization's process and entity level controls.

• Help organization transition to a process based approach for financial control compliance, identifying effective ways to appropriately reduce effort through better risk assessment, scoping and use to technology.

• Approach and methodology is oriented towards a consultative and collaborative model, bringing to table good understanding of your industry.

• Benefits of IFC include – Definition of clear accountability and Transparency, opportunities to plug leakages, streamlining & standardizing controls and enhancing governance framework.

• Comprehensive evaluation of internal controls, internal systems and internal processes in organizations and recommending areas for improvement.

• Vastly experienced audit professionals follow a risk-based approach that involves risk assessment of the entity’s business & its key business process.

• Risk based internal audit helps the risk management function of the entity by providing assurance about the risk mitigation and provides assurance to the management that risk management processes are managing risks effectively, in relation to the risk appetite.

• Approach comprises of a completely independent process, and information technology (IT) internal audit sourcing capabilities that use industry leading practices and deep technical and analytical skills related to core process and related control assessments.

• Advising and assisting clients in respect of accounting under various GAAPs which involves assistance in implementation of identified changes for convergence, assisting in compilation of financial statements, providing adequate staff trainings and consultancy on technical issues.

• Proactively monitoring new accounting rules, alerting our clients to dynamic requirements and offering assistance with addressing complex accounting or reporting challenges.

• Certified technical teams with proven skills provides all the guidance to the entities about the evolving global financial reporting framework ensuring that the reporting requirements are complied.

• Extensive experience in providing assurance services under various statutes across various industries.

• Assurance services involve carrying out Statutory and Tax Audits to ensure that financial statements present a true and fair view of financial positions and operational results in accordance with the guidelines issued by the regulator.

• Audit reports are prepared strictly in accordance with the rules and regulations defined by the Government agencies.

• The complete audit process is IT enabled and review and documentation is carried out through software.

• Continuous knowledge enhancement is ensured through internal publications, trainings and seminars.

All areas of taxation: Personal Tax, Corporate Tax. | Suggesting legal structure of business entities. | Transactional advisory – optimal deal structure | Tax Due Diligence

• Suggesting entry options to foreign entities

• Assistance in seeking approvals for Liaison Office, Project Office, Branch Office, and formation of subsidiaries and JVCs

• Other regulatory compliances for foreign entities

• Handholding in Compliances

• Advising on salary structure of expatriate employees

• Filing of Income-tax returns and TDS returns.

• Withholding Tax Advisory and issuing requisite certificate

• Obtaining various certificate from Income Tax department.

• Compliances under gratuity, Provident Fund, superannuation, and other such Acts.

• Representation for tax assessment and appeals

• Representing foreign companies before Authority for Advance Ruling (AAR)

• Handling litigation at High Court and Supreme Court level

• Handling prosecution matters

• Advising clients on optimal Pricing Policy.

• Conducting Transfer Pricing Audits and Certification for both International and Domestic transactions.

• Representation before various authorities

• Handling Advance Pricing Agreement (APA) assignments.

• Compliances w.r.t Country by Country Reporting and Master File.

• Tax consultancy, advisory and cross-border restructuring

• Drafting / Vetting of agreements such as International Contracts, Collaboration Agreements, 

• Shareholder Agreements.

• Advising on inbound and outbound investments

• Advising on taxability of foreign companies.

• All areas of taxation : Personal Tax, Corporate Tax.

• Suggesting legal structure of business entities.

• Transactional advisory – optimal deal structure.

• Tax Due Diligence

• Family Settlements, Estate Planning

• Advising clients on establishment of Tax Management System

• Getting Periodical Tax Exemption Certificate

• Getting Income Tax Refunds

• Conducting Diagnostic Study to ensure full tax benefits of various incentive provisions availed

Advising client on establishment of indirect tax management system, in all areas i.e. GST, Customs, and Old Laws (Excise, Service Tax & VAT) Suggesting legal structure of business transactions

• Files preparation for assessment, audit, appeal.

• Getting Sales Tax Refunds

• Assessment, audit, appeal.

• Representing before the revenue authorities at various levels.

• Review of data, returns, systems vis-à-vis Tax Laws.

• Review of Tax computation.

• Finalization of observation and discussion.

• Finalization of Reconciliation and Audit Report.

• Signing of Audit Report & reconciliation Statement

• Taxability of transactions.

• Documentation review/Audit.

• ITC compliances.

• Applicability of rates.

• Compliances processes.

• All Pakistan GST Compliances.

• Data analysis vis-à-vis Tax Laws.

• Liability Calculation.

• Return Filing.

• Monthly MIS of indirect Tax Compliance.

• Obtaining STRN.

• Advising client on establishment of indirect tax management system, in all areas i.e. GST, Customs, Foreign Trade Policies and Old Laws (Excise, Service Tax & VAT)

• Suggesting legal structure of business transactions.

• Written opinion

• Taxability of the transaction.

• Valuation for the purpose of mergers, acquisitions, demergers, joint ventures etc.

• Valuation for regulatory compliances including The Income Tax Ordinance 2001, The Companies Act 2017 etc

• Valuation of financial instruments including preference shares, debentures, bonds etc for SECP reporting

• Purchase Price Allocation and intangible assets valuation

• Determining liquidation value of companies referred to Insolvency and Bankruptcy Board

• Advising clients on suitable structures for acquisition of companies under The Insolvency and Bankruptcy

• Assistance in insolvency proceedings

• Restructuring of businesses for unlocking shareholder value

• Pre IPO internal structuring to ensure maximum value on listing

• Efficient structuring for acquisition/divestment

• Simplification of complex group structures to ensure access to capital for growth oriented business units

• Internal restructuring to achieve optimum holding structure for domestic and international business.

• End to end services for  transactions including transaction structuring, tax and valuation structuring, tax and valuation advisory, etc

• Evaluation of transaction proposals, term sheets and support during negotiations with different targets;

• Transactional support like preparation of teasers, information memorandum, validation of business model etc.

• Valuation for the purpose of mergers, acquisitions, demergers, joint ventures etc.

• Valuation for regulatory compliances including The Income Tax Ordinance 2001, The Companies Act 2017 etc

• Valuation of financial instruments including preference shares, debentures, bonds etc for Ind AS reporting

• Purchase Price Allocation and intangible assets valuation

• Valuation for dispute resolution, joint venture termination, take over, dilution, family settlement, ESOP reporting etc.

• Accounting & Business Process Outsourcing

• Dedicated team providing accounting and financial reporting advice and support to domestic and international clients on a wide range of transactions and events

• End to end fixed assets management services with expert teams having relevant industry wide experiences

• Creation of Fixed assets register from accounting source

• Physical verification & tagging including bar coding, & RFID solutions.

• Reconciliation of physical results with assets registers

• Software mapping of Fixed Assets for robust control and asset tracking

• Expert team for payroll processing including taxation & statutory compliances management with an objective to delivery payroll on time with complete accuracy

• Also involves HR Transaction services for complete employee lifecycle management from onboarding to exit.

• Contractual staffing for key roles in support teams in the organizations

• Diverse account reconciliation services depending on entity’s size, structure and business goals

• Streamlined procedures and use of automated systems to maintain accuracy

• Includes Vendor, Customer, Bank, Inter-Company, Inter Accounts & Inventory Reconciliations

• Dedicated team providing accounting and financial reporting advice and support to domestic and international clients on a wide range of transactions and events

• Teams are versed with all leading Global ERP software and can support in bookkeeping, compliance and preparation of financial statements.

• Provides the basis for managers, employers and owners to make management or operating decisions

• Reviewing IT General Controls (ITGC) for entity including Logical Access, Change Management, Physical Security, Back up & Recovery Controls etc.

• Segregation of Duties (SOD) Reviews

• Evaluation, definition and implementation of risk, governance and regulatory compliance initiatives for IT functions.

• Implementation of Governance, Risk & Control (GRC) Framework.

• Assisting the entity in building IT Strategy for process & cost optimization

• Designing Enterprising architecture to optimize & re-vitalize IT infrastructure

• Helping the entity in achieving digitization & automation goals

• Supporting in IT Vendor Management and defining clear service level agreements (SLAs)

• Strengthening internal and external security & testing core application for any vulnerabilities

• Assisting organizations in understanding the cost and impact of IT matters on a given transaction

• Help avoid business disruption and reduce risks for organizations by closely managing the IT-related aspects of transactions

• Providing reasonably clear idea of IT integration costs, capex and potential benefits before investing on IT infrastructure.

• Manage IT spend by analyzing the IT requirements and past spending trends and benchmark them with other industries / IT vendors

• Methods include IT Category purchases/Policy definitions ; Reviewing spends on warranty ; Data Retention analytics ; Spend analysis etc

• Helping clients in Eliminating manual software inventories, reallocation of underutilized software, avoiding license compliance risks and penalties etc.

• Performing gap assessment in SAM policies, software metering and adherence to product licensing conditions.

• SAM certified professionals that assist in perform a current state assessment of Software Asset Management processes and provide recommendations to achieve the desired state; define policies, procedures, controls and governance models; detailing key roles and responsibilities; and set up a SAM office

• Providing software recommendation and implementation methodology to support clients in selecting and implementing enterprise software packages.

• Certified team with relevant experience on leading ERP packages such as SAP, Oracle, JDEdwards, etc.

• Also offering Project Management support for ERP implementations

• End to end support from evaluation of ERP to Go Live to Post implementation reviews

• Reviewing IT General Controls (ITGC) for entity including Logical Access, Change Management, Physical Security, Back up & Recovery Controls etc.

• Segregation of Duties (SOD) Reviews

• Evaluation, definition and implementation of risk, governance and regulatory compliance initiatives for IT functions.

• Implementation of Governance, Risk & Control (GRC) Framework.

• Support services for Business Continuity & Disaster Recovery Planning

• Focus on helping clients to optimize and secure technology so that it serves the business effectively and enhances results

• Prepare all relevant documents for Bank’s Loan (Conventional & Islamic)

• Prepare Current Year’s Financial Statement for Banks Purposes

• Prepare Projections for 5 to 10 years along with underlying assumptions

• Prepare Cash Inflows and outflows statements for lender

• Prepare an analysis of funds needs for capital Expenditure and Working Capital

• Negotiating Best possible Markup rates for Customers

• Negotiating providing Best possible collateral and registered Charges with bankers

• Drafting all letters for financing purposes starting from initial request

• Preparation of BBFS, Board Resolution and Loan Application Form

• Getting NOC from Banks upon accomplishments of all Liabilities

• Vacation of all charges attached with Loan Liabilities upon discharge

• Keeping record on customer’s behalf all legal and Statutory documents for future reference

• Dealing with CAD department of Banks for Customers if they have any query(ies)

• Look after Insurance matter pertaining to Financing agreements

• Sharing Stock report with respect to financing needs       

• Reconciliation of Bank’s Liabilities on quarterly Basis

• Reconciliation of Markup or Profit deducted by Banks as per terms of FOL

• Prepare renewal documents every year for bank’s financing

• Preparation of Istisna, Murabaha, Diminishing Musharika and Ijarah documents

• Advising Best possible funding for import and Export purposes

• Preparation of a chart of all bank’s facilities along with their pricing

• Vigilantly go through all legal documents Personal guarantees, Demand Promissory Notes etc before director’s signatures