Maqbool Haroon Shahid Safdar & Co

 

  • +92 42 3575 9501-3
  • info@mhssco.com
  • Webmail
  • +92 42 35759501-3
  • info@mhssco.com
  • Webmail
  • +92 42 35759501-3
  • info@mhssco.com
  • Webmail

Whether you’re grappling with global market risks, starting a local business or need assurance that your financial information is true, fair and accurate, our specialist audit and assurance team has the expertise, experience and resources to provide efficient and effective audit and assurance services.

 

In a world shrinking in distance and economically becoming increasingly border-less, the success of the business is pre-dominantly heavily reliant on reliable financial information which promotes confidence and mitigates an array of uncertainties. Credible information needs to be corroborated by the desired level and kind of professional assurance ranging from statutory audit of financial statements to a variety of other forms of assurances and attestations consistent with the varying needs of the users of such information. Traditional audit has thus undergone a quantum and substantive change from auditing the financials to auditing the business.

 

We provide a wide range of assurance services, with the primary focus on the objective of assurance on the reliability and relevance of financial information and a host of non-financial aspects, data, processes, operations and procedures and on the effectiveness and efficiency of controls.

 

Audit Methodology

 

MHSS’s Audit Methodology enables us to provide effective and efficient delivery of quality assurance services. The significant features of our audit methodology are a sharp focus on business risks specific to a client, a higher degree of emphasis on reliability and tests of controls, analytical review, building and sharing knowledge, skeptical approach, teamwork involvement through all significant phases of an audit.

 

MHSS is committed to delivering independent, efficient, effective and comprehensive audit and quality assurance services. By taking the time to gain a thorough understand of their client's businesses and by providing a risk-focused service integrating rigorous risk assessment with diagnostic processes and audit testing procedures tailored to the specific audit, our firm maintains excellent relationships with their clients by building and sharing knowledge and involvement through all significant phases of an audit. This quality-led approach means members provide an intelligent, constructive and challenging audit to every one of their clients.

 

Through robust audit tools, resources and procedures, MHSS delivers high quality audit services, adhering to the highest standards of independence, ethics, and professional objectivity while applying technical excellence. As part of our strategy, continuous audit quality improvement, service performance and delivery to clients is continuously assessed. The partner in charge of each audit personally oversees the engagement by meeting with clients’ management and key staff, the audit committee and Board of Directors to assure needs are met and issues are resolved in a timely manner.

 

In Pakistan considering the local requirements we are offering services in following areas:

Audit & Assurance Services

Finance Directors need an auditor they can trust to help them manage risk and improve operations, as well as ensure compliance with regulatory obligations. We know businesses want an auditor who focuses on what’s important, doesn’t reinvent the wheel each year, and is able to reveal useful insights about the business at the end of the audit process. With MHSS, that’s what you will receive.   We believe the statutory audit should be viewed ...

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Risk is inherent in running a business. During the course of day-to-day operations, times of change or increased governance responsibilities, any number of risks may arise that need to be managed.   An internal audit is essential to an organization’s system of checks and balances and a valuable tool for boards and audit committees. It helps identify how well risks are managed, including whether the right processes are in place and agreed procedures are being adhered to. &n...

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As a potential purchaser, how do you know if the business you want to buy is what you think it is? It’s often what’s not said by the business owner in these situations that is most important.   If you are considering buying a business or shares in a business, then due diligence is vital.   Discovering hidden information   Due diligence has become increasingly important as businesses have globalized. The number and size of deals, mergers and acquisi...

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The growing complexity of business and the rise of electronic commerce has led to an increase in electronic fraud. In turn, this has escalated the risk of unethical behavior, misappropriation, misrepresentation and privacy abuse.   Forensic accounting is the use of accounting skills to investigate fraud or embezzlement and to analyze financial information for use in (possible) legal proceedings.   MHSS’ forensic accounting service encompasses: Conducting fina...

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You don’t need to be a weather-man to know which way the wind is blowing, but you still have to take a look to be sure. In the same way, your business may not require a full audit to assess specific performance issues. An agreed-upon procedures engagement can provide you with the targeted information you need to understand the current conditions and forecast what’s coming. The engagement tailored to your specific needs.   An agreed-upon procedures engagement&n...

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Prospective financial information relates to events and actions that have not yet occurred and may not occur. Although evidence might be available to support the assumptions underlying the prospective financial information, such evidence is usually set to the future and, therefore, of a speculative nature, very distinct from the evidence usually available in the audit of historical financial information.   An examination of prospective financial information aims to issue an opinion...

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Both for direct and indirect taxes, tax authorities occasionally engage external professional assistance to provide assurance on compliance with various aspects of the Income Tax, Sales Tax and other tax statutes. From a comprehensive assurance on the declared operating results of a tax payer to any specific aspect of tax compliance, the scope of engagement varies from case to case depending upon the degree of assurance sought by the tax authority on the reliability of such declarations, taxe...

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In a dynamic and challenging market, reporting your financial performance in a compliant manner is key. Relevant stakeholder information has the potential to reduce capital costs. With our experienced team at your side, you will benefit from efficient compliance efforts and depth of knowledge that will help you in your future decision making.   In a rapidly changing environment companies constantly need to adapt to new challenges to protect their market shares and margins. This fre...

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Presenting accurate and timely financial information in compliance with private and public regulations is a prerequisite for credit grantors, investors and effective corporate governance. At MHSS the focus is on the business behind the numbers and we use financial data as a tool to provide added value. We utilize and interpret information, and together with clients, identify opportunities for increasing operational efficiency.   We can assist you in professional preparation an...

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The concept of management audit is a new concept. Especially where business is comparatively smaller one, management audit become important in order to explore those mistakes that could have landed the organization into a shutdown situation. Management Audit offers assessment of controls and their effectiveness and relation with existing manner of work. It can be said that they are a vital part of Internal Audit. Management Audit is fruitful in way that these are methods of evaluation w...

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