Audit and Assurance

KMR is an auditor of the well renowned foreign and local companies in Pakistan, being an auditor of some of the large & innovative companies; we can add value to the company. Our comprehensive audit and assurance services deliver real value and strengthen investor confidence.

Our audit approach focused with a deep and broad understanding of the business, the industry in which company operates, and the latest regulatory framework. We understand and consider the risks the company faces, the way management controls these risks and the transparency of the company's reporting to stakeholders.

We offer other assurance related services applicable to companies in different sectors of the industry, such as statutory audits, assessment of procedures and controls relating to privacy and confidentiality, and performance measurements. We provide quality audits to meet any need including:

·         Statutory Audits

·         Internal Audits

·         Cost Audits

·         Management & Proprietary Audits

·         Financial statements audit

·         IFRS reporting

·         Interim Reviews

·         Independent Audits

·         Special Audits i.e audits required by any stakeholder

·         Compliance audits

·         Fraud Detection and Forensic Audits

The role of assurance services in the running of a successful business has changed beyond just fulfilling statutory requirements. We offer appropriate and timely advice in addition to statutory reporting, which enables our clients to effectively handle issues requiring immediate attention and further assist them in taking informed decisions on timely basis.

Assurance services include the following:

Corporate Reporting Improvement

Financial Statements Audit

Independent Controls & Systems Process Assurance

Internal Audit

Corporate Reporting Improvement

Reporting more comprehensively on important non-financial assets can often improve the valuation of your company in capital markets. 

KMR can assist organizations that need to ensure the quality and credibility of internal management information and external disclosures and, in particular, non-financial indicators. Our professional leadership on issues related to non-financial performance reporting, has not been limited to simply advocating reform. Instead, KMR can help its client in the practice of non-financial performance reporting with the development of Value Reporting — the most comprehensive and robust approach to reporting transparency available in the marketplace.

Financial Statements Audit

The financial statements audit has never been more important. In today's business environment there is more scrutiny and skepticism of a company's financial statements than ever before.

For organisations that require an audit for statutory or regulatory reasons associated with the filing of their annual and periodic financial information, KMR can provide high quality audit services.

KMR’s work takes into account all current and where appropriate, prospective auditing, accounting, and reporting regulations and guidance.

Independent Controls & Systems Process Assurance

In today’s business world, IT and financial reporting environments are becoming increasingly complex while even greater reliance is being placed on the information produced by these systems and processes. In addition, new regulations in many countries have put a greater emphasis on internal controls and often require independent assurance of the effectiveness of internal controls. Attention to the design, documentation and operation of controls is critical to ensuring the accuracy and timeliness of information used for financial reporting and management decision-making.

KMR provides services related to controls around the financial reporting process, including financial business process and IT management controls.

Internal Audit

Internal audit function in today’s world needs to walk on a fine line between providing assurance and consulting to management without impairing its objectivity and independence.

Maximising the value and effectiveness of the internal audit function requires an understanding of an organisation's objectives, risks, risk management priorities, regulatory environment, and the diverse needs of critical stakeholders including executive management, the board, employees, and shareholders. Ultimately, these needs determine the risk profile of the organisation and the strategic focus, organisation, resources and practices required of its internal audit department. We can assist organisations that need help improving the quality and effectiveness of their internal audit processes in a number of ways.

First, by advising and assisting in the development of internal audit and risk management methodologies, including assessing whether the internal audit function is delivering effectively to stakeholders.

Second, by providing internal audit resourcing solutions, including full outsourcing or complementing in-house functions with specialist skills or geographical coverage. In addition, we can develop training for internal auditors using our extensive market and industry knowledge to create highly- tailored solutions.