Audit coordination
We prepare your books for the statutory auditor and handle their queries, so the audit closes on time.
Overview
Preparing your books and schedules for the statutory auditor, and coordinating the audit so it closes on time. Under section 247, public companies, their subsidiaries and private companies with paid-up capital of Rs 3 million or more must be audited by a chartered accountant firm.
Why it matters
An audit runs smoothly when records, reconciliations and explanations are ready before the auditors arrive. Coordinating it for you shortens the audit, reduces adjustments and gets the signed report in time for SECP and tax filings.
Who needs this
- Companies that need a statutory audit
- Businesses preparing for investors or bank finance
How it works
Who does each step, and how long it usually takes once documents are complete.
- 1Year-end closeTAXWORK
Ledgers, reconciliations and schedules finalised.
1–2 weeks - 2Audit fileTAXWORK
Supporting documents organised for the auditor.
Same step - 3Audit fieldworkAuditor
We answer queries and provide evidence.
Varies - 4AdjustmentsTAXWORK
Agreed audit adjustments posted.
Varies - 5Signed accountsAuditor
Audited financial statements issued.
At completion
Documents we need
Tick what you already have, then send the list to us.
What you receive
- Audit-ready books and schedules
- Audited financial statements (issued by the auditor)
Deadlines, risks and penalties
- Late audits delay the annual return and tax return
Mistakes we fix, and what our fee covers
Common mistakes we fix
- Records not ready when the auditor or FBR asks for them
- Weak controls over cash, stock and approvals
- Audit adjustments not agreed before the report is signed
- Tax audit replies given without reconciliations
Included in our fee
- Audit plan and document list prepared in advance
- Reconciliations and schedules for the auditor or FBR
- Coordination with the audit firm or tax officer
- Written findings and an action list
Law and references
The sections and rules this service is based on.
- Companies Act 2017, s.246 – appointment of auditors (first auditor within 90 days)
- s.247 – qualification of auditors
- s.223 – financial statements
Questions
How long does it take?
Usually 3–8 weeks, depending on records. Step by step: Year-end close (1–2 weeks), Audit file (Same step), Audit fieldwork (Varies), Adjustments (Varies), Signed accounts (At completion).
What does it cost?
We give a fixed quote after reviewing your case. Government fees are extra where they apply.
What happens if I miss a deadline?
Late audits delay the annual return and tax return.
Do you audit the accounts yourselves?
We prepare and coordinate. The statutory audit is done by an independent auditor.
Do you do the audit yourselves?
Statutory audits are signed by a registered audit firm. We prepare your records and coordinate with partner firms.
How early should we start?
Ideally right after the year end, so the audit is complete well before the filing deadlines.
Why clients choose TAXWORK
Individuals, businesses and companies across Pakistan and overseas.
Rawalpindi/Islamabad, Sialkot and Karachi (with Raza Siddiqui & Co., Chartered Accountants).
You get the scope and a fixed fee in writing before any work starts.
Progress updates, and a copy of everything we file or submit for you.
Keep reading
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View service →Ready to get audit coordination done?
Send your documents on WhatsApp or book a meeting. A consultant confirms the scope and a fixed fee before any work starts.