Company compliance refers to doing business according to the law, although business is doing legitimate business activity and transaction but it fails to maintain the financial books, standards and many other things required by law. The term company compliance is very broad and failing to comply could result in severe backlash by the government and the courts. The biggest example in business world is of Enron, and energy trading company which did not follow proper accounting standards, and it went from being the innovative company of the year to bankrupt, and a huge scandal was left behind after the closure.
For businesses in any part of the world it is important to maintain company compliance, there are different laws and regulation that bound companies and make up their standard operating procedure, for example it is required by securities exchange of Pakistan for all publicly traded to get their book audited and publish the auditor’s report annually. So, this is standard operating procedure for publicly traded companies, and there are other standard operating procedures that a company or business must follow while conducting audits. Failing to comply with law in such case could be disastrous and could result in action by the government. For this reason, businesses need to have proper audit firm which have high integrity, ethics, and professionalism with in their audit teams. Such a firm is Sayub & co. whose audit services can be trusted and relied upon. Sayub & co. has a team of chartered accountant who will help any business willing to get their audit done according to laws and regulation set by Institute of chartered accountant Pakistan, while maintaining the ethics standards and following standard operating procedures during the audit.
So if you are initiating a company, expanding it or you are looking for professional help for better outcomes Sayub and Co. is here to help and assist you till and after your business flourish. Contact now for professional help.
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