Audit & Assurance Services in Karachi
External Audit, Internal Audit, Special Purpose Audits & IFRS Reporting
T.F.O. & Co., Chartered Accountants, provides independent audit and assurance services to companies across Karachi. Our audit team is led by Mr. Faisal Bashir ACA, trained at KPMG Taseer Hadi & Co. and M. Yousuf Adil Saleem & Co. (Deloitte) — with hands-on experience auditing major multinational and local clients.
Our Audit & Assurance Services
External Audit of Financial Statements
We conduct statutory external audits in accordance with International Standards on Auditing (ISA), expressing an independent opinion on whether financial statements give a true and fair view in accordance with IFRS and applicable local statutory requirements.
Our Audit Approach
Our four-step audit approach ensures thorough, efficient and risk-focused work: (1) Understand the client — business, risks and needs; (2) Develop a client service strategy; (3) Translate strategy into an effective audit programme; (4) Draw appropriate conclusions from procedures performed.
Review of Financial Statements
We perform review engagements providing limited assurance on financial statements — a cost-effective alternative to a full audit for entities that require professional scrutiny without a statutory audit obligation.
Agreed Upon Procedures
We perform agreed-upon procedures engagements where we carry out specific procedures on financial information and report factual findings based on the agreed scope — tailored precisely to your needs.
Special Purpose Audits
We conduct special purpose audits including audit of Provident Funds, Workers’ Profit Participation Funds (WPPF), Workers’ Welfare Funds (WWF), cost audits and retirement benefit plans as required by applicable laws and regulations.
Internal Audit & Controls
We conduct internal audits, systems and operations audits, and evaluate systems of internal controls against best practices — helping management identify weaknesses and strengthen their control environment.
IFRS Reporting & Certifications
We assist with IFRS-compliant financial reporting, certifications and attestations required under relevant laws and regulations, and information system audits.
Selected Audit Clients
Our audit experience covers clients including ICI Pakistan Limited, Citibank N.A. Pakistan, The Hub Power Company Limited, Pakistan International Airlines, Procter & Gamble Pakistan, Mondelez Pakistan Limited, Essity Pakistan Limited, Insiyabi Pakistan, Sea World and Lecole For Advance Studies.
Contact Us:
T.F.O. & Co., Chartered Accountants
Banglow No. 48, Ground Floor, Banglore Town Block A, Off Shahrah-e-Faisal, Karachi
Email: info@tf.com.pk | Tel: 021-33386975
