We maintain an uncompromising commitment to offering a consistent risk-based audit. Our client’s value us for our ‘no surprises approach’ and timely service. Our audit and other related services include Financial statement audits, reviews, other assurance services and other services required in the capacity of external auditor.
Audit and review of Financial Statements
▾KPMG in Pakistan provides independent audit services that can help to enhance the reliability and credibility of organization’s financial reporting.
An independent audit of financial statements is one of the foundations for the effective operation of the capital markets. Audit quality is vital for maintaining trust in the financial reporting process and the integrity of financial information.
Stakeholders require responsible opinion from independent auditors and the fundamental goal of our professionals is to provide this assurance.
Our audit is based on six key principles to help ensure optimal service for our clients in the listed, private and public sector. These are:
- ▪ Technical experience: providing transparent, credible, timely and decisive judgments.
- ▪ Focus: a prioritized approach, concentrating on mutually agreed key risks.
- ▪ Involvement: frequent communication and substantial partner involvement supports the early identification and discussion of emerging risks.
- ▪ Insight: sharing our views and observations on business performance, based on company and sector knowledge.
- ▪ Integrated: tax, technology and other professionals having specialized knowledge and experience are all part of our multi-disciplinary team.
- ▪ Consistency: strong central direction brings cohesion and co-ordination of our audit team across all subsidiaries and territories.
Other Assurance Services
▾"In a constantly evolving climate, businesses are faced with numerous challenges, including the need to:
- ▪ Comply with complex regulatory, economic and contractual requirements.
- ▪ Navigate the ESG reporting landscape and,
- ▪ Ensure that the internal controls are organized, designed and operating effectively.
Information is a decisive factor in addressing these challenges and underpins management’s decision-making process. In an environment where the market is demanding more accountability and transparency from businesses, assurance can be applied to instil confidence in the information.
As a leading global Audit and Assurance firm, we have extensive experience of providing Assurance reports (whether based on attestation or direct assurance engagements) over a wide range of topics to support our clients’ business objectives including;
- ▪ regulatory returns and compliance.
- ▪ business performance through key performance measures.
- ▪ ESG reporting and disclosures as organizations are increasingly seeking assurance on ESG information to meet stakeholder demands for accurate and actionable insights.
- ▪ the design and operating effectiveness of controls in the underlying processes and systems (ICFR Assurance and Service organization Type 1 and Type 2 reports) to provide management with confidence in their continuing accuracy and integrity.
- ▪ Shariah Compliance Audits, catering to the specific needs of Shariah-compliant businesses in Pakistan, ensuring adherence to Islamic principles and regulatory requirements while supporting their growing prominence in the market.
Through our experience, in depth assurance expertise, we are able to ease the path that our clients want to take towards assuring more aspects outside the financial statements. We are ready to address our clients’ and investors’ needs, whatever they may be."
Non Assurance services
▾Our goal is to deliver value-added insights and solutions, helping organizations make informed decisions and achieve their objectives.
We focus on delivering non-assurance services with the same commitment to quality and professionalism as our audit services. These include:
- ▪ Agreed upon procedures
- ▪ Certifications as prescribed by the regulator or based on contractual requirement.
- ▪ Compilation engagements.
At KPMG in Pakistan, we are committed to maintaining the highest standards of transparency, integrity, and compliance with ethical requirements. In line with this commitment, we proactively adopted the updated International Ethics Standards Board for Accountants (IESBA) Code of Ethics, which outlines specific requirements for Non-Assurance Services (NAS) engagements before the Institute of Chartered Accountants of Pakistan (ICAP) formally adopted these standards in 2024.
