AUDIT

Our Professional Team Visits The Premises Of Our Client.

To Carry Out Audit Strategy, our Professional Team Visits The Premises Of Our Client.

The audit will be carried out:

In accordance with generally accepted auditing principles and standards as prescribed by the Institute of Chartered Accountants of Pakistan.

In accordance with the requirements of approved International Standards of Auditing as applicable in Pakistan

Taxation | Taxmax Services

We understand that financial statements including all related disclosures shall be prepared in accordance with International Accounting Standards / International Financial Reporting Standards as applicable in Pakistan. The responsibility for the preparation of financial statements including adequate disclosure is that of the management. This includes the maintenance of adequate accounting records and internal controls, the selection and application of accounting policies, and the safeguard of the assets of the entity.

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We, Follow The Below Audit Methodology.

Agree Terms of engagement

1. Gather information

Understand the business and accounting system

Determine audit units.

2. Develop audit strategy

Assess inherent risk

Determine Planning Materiality

Perform preliminary analytical review

Determine areas of audit significance

Assess control environment

Develop Risk Profile

Determine nature and extent of audit procedures

3. Gather information

Perform and evaluate

Tests of controls

Substantive analytical procedures

Other substantive procedures

4. Gather information

Assess inherent risk

Determine Planning Materiality

Perform preliminary analytical review

Determine areas of audit significance

Assess control environment

Develop Risk Profile

Determine nature and extent of audit procedures

5. Form and opinion

Evaluate overall results of audit procedures

Perform final analytical review

6. Report

Issue audit report

Issue Management letter

We shall not be held responsible for any transactions or work undertaken if the client makes payments through channels other than our official banking channels.

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