Assurance
Audit and Assurance Services
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.
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.
Areas Covered
- Procurement and vendor controls (P2P)
- Revenue and receivables controls (O2C)
- Inventory movements and adjustments
- Payroll and HR process controls (scope-based)
- Fixed assets management and safeguarding
- IT and ERP process controls (where applicable)
Deliverables
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
Agreed-Upon Procedures (AUP)
Where management or stakeholders require specific checks without a full audit opinion, we perform agreed-upon procedures with transparent reporting.
Typical AUP Areas
- Revenue testing for selected periods
- Expense testing and vendor verification
- Inventory and stock movement checks
- Compliance checks on approvals and documentation
- Reconciliation validation (banks, receivables, payables)
Audit Readiness & Documentation Support
Many businesses struggle not because numbers are wrong, but because documentation and reconciliations are weak. We help you build audit readiness with practical tools and discipline.
What We Improve
- Month-end close checklist and timelines
- Reconciliation packs (bank, AR/AP, inventory, advances, intercompany)
- Supporting documentation standards
- Controls mapping and approvals matrix
- Accounting policies and consistent reporting structure
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.
Typical Deliverables
- Audit plan and risk assessment summary
- Working paper file with evidence indexing
- Reconciliation and supporting schedules pack
- Audit queries tracker and closure notes
- Management letter observations and recommendations
- Summary of key improvements and priorities
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.