Auditing committees

Auditing is more than just the regular checks on the maintenance of financial statements and their records. In today’s world there are far more compliance requirements, and the burden of these requirements fall over the audit committee of the business. What are these duties other than the maintained of financial statements that are to fulfilled by the audit committee?

There is always a clash or conflict in interest between the different stake holder groups of the company. The shareholder wanting more return on their investments, the managers wanting more power, and the consumers wanting more value. The list of these conflicts can on and on. But the effect of these interest can on business action can be severely alarming.  Managers may end up taking more risk than the business should to earn returns, increasing the business risk. These risks taken by managers could involve unethical and illegal steps. Crossing over the risk appetite of the business. Ignoring laws and regulatory requirements to cut on costs, so that profits could increase. The audit committee of the business is there to manage these risks and look out for these steps. As, within large organization there is a gap between management, in the sense that it takes time for information to reach from one level to another level of management. This increases the risk exposure of the business. The audit committee is then responsible to look after compliance and governance. This is why it is important to have a competent audit committee within the organization.  

For those business who cannot afford the required expertise needed for a proper audit committee can always use the help of auditing firms. Such an auditing firm in Karachi is Sayub and co., which is equipped with the right skill and expertise to do the job of audit committee for your business, looking after the compliance of your business. Moreover, if your business already has an audit committee, our services can still prove to be of certain help to your business. With consultation, that will help you strategize for your compliance. Sayub & co. is one of the many renowned audit firms in Pakistan, that has been in the service for 25 years. Contact today for more help.

Compliance consultation

Consulting services can provide business with a lot of essential help that business need, these services come from specialist firms. Such as, in law, finance, accounts, marketing. These consulting services provide professional advices to the business. The business consulting firms also help business in formulating strategies and building a business plan. Moreover, these services help improve the existing business structure and help with proper management of assets and the business as a whole.

Sayub & co. is also a consulting firm. It specializes in accountancy and law. With the help of sayub & co. you will be able to manage your business better. There are a lot of services that are provided by Sayub & co. Such as if you are looking for transaction advisory services, these are available with Sayub & co. We will provide you with professional and ethical step by step guide to help you make the most of your business transaction. Moreover, these professional services also include on advices with proper fixed asset management of your business, through analysis and guidance.

Sayub & co. can alos provide legal advisory services to your business, which will help you in maintaining the corporate compliance of your business. With our services you will be able to manage the interest of your stakeholders in a better way. As it there are high standards by the Securities Exchange Commission of Pakistan regarding the compliance of business. These legal advisory services will sure come in handy. With our lawyers you will be navigate through the different and confusing laws, while maintaining your compliance at the same time.

There are also other range of services that Sayub & co. provides with its consulting services, if you are looking for an audit firm. That serivce is also available with Sayub & co. Moreover, if you want help with the registration of different taxes, we will provide you help with that too. All the other services that Sayub & co provides has made it an experienced and trust worthy business companion for many. This is why it can provide business consulting services.

Reduce your risk

There are a lot of risks of doing business, but as we all know rewards are attached to the risk an entrepreneur undertakes, a business at any time is open to a lot of risk, there are a lot of factors that affect the risk level of the business, but there are some risks that businesses can control and plan for those risks, and others risk are beyond the business control. Such as market risk, no business can control this risk. The success of businesses depends on the fact that, how well are the risks controlled, managed and the business is prepared for it. The better the business is prepared for the risk, the lower the value at risk.

Most businesses control the risk, by hedging it, transferring it, this is the same process as when an individual takes out an insurance policy. This same is done by the financial department of the business, but there are other ways too, that a business can control risk. These includes better control and internal regulation, within the organization. There are numerous cases where huge and successful corporations failed, because of misleading reporting. This is misreporting was found in Enron, same was the case in Kidder Peabody bank, and there are so many other cases. This is why it is important for business to have a proper disclosure and reporting system within the organization.

Businesses can adopt to better risk management with the help of consulting firms, these specialized consulting firms help businesses in adopting to better structure, which could help control the operational risk of business. Such as, accountancy firm will help business in proper preparation of financial statements and in proper financial reporting for the business. The expertise of accountancy firm will help business in using the best practices and will help businesses in overcoming hurdles, through better interpretation of the laws.

Such an accounting firms is Sayub & co. which can help your business with day to accounting, accounting tax, and much more. Sayub & co. is equipped with the expertise that provide with consulting services of the right mix, combined stragist lawyers and accountants. For more information, contact today

Audit and beyond

Is your business looking for a trustable name, a name that will add value to your business? A name you can trust for your compliance? A name whose audit report will help your business in compliance? That will successfully reflect the business integrity of your organization? That Will help you reflect the ethics that your business has been following and has been managing to maintain? Then sayub & co. is the name you can trust for all these. Sayub & co is one of the audit firms in Karachi, that has been in the service for more 20 years, which makes more trust worthy than the rest of audit firms in Pakistan.

Sayub & co. is not just an auditing firm. With so many years of experience, it has gained knowledge and expertise to walk your business down the auditing process with extreme professionalism and ethics. We have a team of accountants that will audit your business, with highest level of ethics, maintaining diligence and under proper laws and requirements of the Pakistani government.  

There are other services that Sayub & co also provides, unlike other audit firms in Pakistan. We will provide you help in maintaining compliance of your business, with different services. Our consulting services are available to business; with our consulting services we will help you in preparing strategies ang goals according to your business structure. Moreover, with our expertise you can also get other specialized financial services, we can help your business with transaction advisory services, where we will provide due diligence to your business and make sure that you are able to add value to your business. Not only this but there are legal services also available with Sayub & co. we will provide your business with guidance in proper registration, and provide help with court cases, we will help you preserve your business value legally, furthermore specialized and custom made strategies will be provided to business to help them with the asset management. To get the best of legal, audit and financial services contact Sayub & co today.

The expertise you need

Expertise is not easy to find, business needs to have expertise with in the organization to succeed, to be effective and efficient, and to stay competitive businesses need to be efficient with their costs, the lower the cost for the business the higher the profit margins. Most businesses due to their size cannot afford to have expertise as an internal part of their organization. But having this expertise brings in more profits for the business. This why business use the services of external expertise, these services are of different natures. As businesses need to manage each internal department with the care and attention it requires.

Accountancy firms are one example of external expertise that businesses hire, these accountancy firms bring in their expertise, as the accountancy firms have deep market knowledge and experience, they can provide substantial help to businesses in maintaining the accounts, such as, with the service of accountancy firms, businesses get knowledge of different laws, and the best practices that they should follow. These accountancy firms will help in preparing accounts according to the legal requirements and accounting standards. All these facts will help your business reduce errors and further more when this expertise will be coming externally that means business can hire them at lower costs, and expect more return with their cost incurred, and even more efficiency in business because of the accountancy firm’s specializations.

Businesses could also use the help of consulting firms, these consulting firms can provide help with broader image or in the area of their expertise. Such as many accountancy firms also offer consulting services to businesses who are simply looking to improve their existing business structure. These consulting can help in doing so.

Such an accounting firm and consulting firms is Sayub & co. which can help you bring change, the need one in your business, moreover it is an accounting service that can help you in accounting which includes, asset management, accounting related to taxation, payroll relates accounting and much more, and will also help maintaining of your business’s existing account. For more information contact today.

True Presentation

Audit firms play an important part in the compliance of the business, it is required by the Securities exchange commission of Pakistan, that all the publicly trading companies must have their accounts audited, and the auditing report must be publishing. Moreover, companies should also have an internal audit committee looking over the business transaction and compliance. As businesses undertake and engage in a many transaction, which if not done properly could affect the compliance of the business. Such as when businesses start taking too much risk, risk taking that is beyond their risk appetite, businesses are required to manage their risks according to the risk appetite, to prevent any exposure to such risk which could affect the sustainability of the business. This is why there are audit committees, which are looking over the business transactions, and business activity. In the recent times there have been rise in requirement of enterprise risk management especially after the crisis of 2007-2009. These crises brought in to attention that misleading representation of information were one of the reasons behind the crisis, where the rating committees failed to rate the banks properly. Similar failure can also be expected within business where the business take too much risk, and there is false representation to the stakeholder of the information. This creates another risk, systematic risk.

To ensure that such incidents do not happen regulatory bodies have made it compulsory foe businesses to get their accounts audited by an external party, to minimize the biasness. Si, if your business is looking for an auditing firm in Pakistan, we have it covered for you. Sayub & co. is an auditing firm in Karachi the heart of city, the business hub of the country. Sayub & co. is an accounting firm of chartered accountants to help their clients get the auditing report. Moreover, our team will help you in adopting to practices that will help you maintain compliance also, other than just providing your business with the audit report. We will help you in devising better strategies and action plan to maintain your corporate compliance. Consulting firms provide companies or entrepreneurs with the financial and legal advices they require. Advices from the experts is another factor which makes a business flourish so contact now with one of the best business consulting firms of Pakistan. For more information, get in touch today.

Maintaining the business with consulting firms

Accountancy firms, as the name suggests, provide help and services to other business in maintaining their accounts. The lack of proper accounting is presumably an illicit activity, and if there are not proper accounting standards followed in the business the outcome could be either like Enron, the famous company that went from being the most innovative company to declaring bankruptcy. A more recent and relatable incident for the Pakistani economy is legal notices being sent to the taxi services of Uber and Careem in Pakistan. These companies have been alleged to be running their services without proper registration, which had led to a massive accountancy question on their incomes, because of improper taxation. This is why it is important for business to have proper accounting standards within the organization. As both Careem and Uber were not founded in Pakistan and moved into Pakistani market, for their business. There was not proper registration of their business, as from legal stand point of view they are picking up people and dropping them, and are charging their customers, there is a contract taking place between the parties, that customer and the company, so these business must also pay taxes that apply to their business activity.

If these businesses would have taken proper consulting from legal consulting firms, these notice that are sent would never have been typed in the first place, because the legal consulting firm would have guided them with proper business registration and legal requirements that are in Pakistan. As result their services and business integrity would have stayed intact. This is why Sayub & co. is providing both consulting and accountancy services. For business who are looking for consulting firms, and accountancy firms, to avoid any incident, like one that happened with careem and Uber, should contact Sayub & co. We will provide your business with the proper and legal guidance which will help you maintain your compliance of the business. Moreover, with our experts on the help your managers will be able to understand the dynamic market of Pakistan, and prepare in advance for the future. For more help contact today.