Business
Pakistan Practice
Our Pakistan Practice delivers end-to-end professional services tailored to local regulatory, tax, and business environments. We support organizations with audit & assurance, taxation, accounting, advisory, corporate compliance, intellectual property, and actuarial-related services—helping businesses remain compliant, well-governed, and growth-ready in Pakistan.
Our Audit & Assurance Services
1) Statutory Audit (External Audit)
We support statutory audits with structured planning, evidence-based testing, and disciplined documentation—aligned with applicable professional standards and regulatory requirements.
What you get
- Audit planning and risk assessment
- Controls understanding and testing approach
- Substantive testing and evidence packs
- Clear audit queries and closure process
- Reporting, management letter points, and action plans
Internal Audit & Risk-Based Reviews
Internal audit helps identify control gaps before they become losses. We perform risk-based internal audits to strengthen governance, process controls, and compliance.
Procurement and vendor controls (P2P)
Revenue and receivables controls (O2C)
Inventory movements and adjustments
Payroll and HR process controls (scope-based)
Deliverables
Risk assessment • controls matrix • testing workpapers • findings report • corrective action plan
3) Special Purpose Audits & Certifications
For specific reporting or compliance needs, we conduct special purpose engagements with clear scope and agreed deliverables.
Examples include:
- Audit of special purpose financial information
- Compliance certifications (as required)
- Donor or grant-related assurance support
- Contract-based reporting assurance requirements
- Statutory/management requested verifications
Our Audit Approach (How We Work)
Discovery & Understanding
Business model, key risks, processes, reporting structure, and stakeholders.
Planning & Risk Assessment
 Materiality, risk areas, audit plan, and required evidence mapping.
Fieldwork & Testing
Controls walkthroughs, substantive testing, confirmations, and evidence packs.
Queries & Resolution
Issue log, management discussion, corrective steps, and closure timeline.
Who We Serve
Manufacturing, trading, distribution, services, real estate, healthcare, education, and NGOs
Businesses seeking stronger governance and reporting discipline
Organizations preparing for bank financing, investor scrutiny, or due diligence
Frequently Asked Questions
Do you help strengthen internal controls?
Yes. Controls and process discipline are integral to our internal audit and audit readiness work.
Can you work alongside our finance team?
Yes. We coordinate with your team using a structured evidence request list, timelines, and review checkpoints.
What about independence restrictions?
Where SRCA provides statutory audit services, certain advisory work may be restricted. We apply ethical safeguards and maintain clear boundaries as required.
How long does an audit typically take?
Depends on complexity, readiness, and documentation quality. We agree timelines upfront and use an issue tracker to keep closure on time.
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