RSM Pakistan

Audit

A high quality audit will always provide businesses and organizations with critical and key information along with the assurance that their financial statements are fairly presented. At RSM Pakistan, we feel that the audit process is an opportunity for our clients to become more aware of their business and its environment so that they are in a stronger position to tackle the challenges that lie ahead. We provide our clients with an objective presentation of their financial information as well as qualified advice and observations.

Our audit approach is a risk based and a progressive one. We draw on our in-depth knowledge of our clients’ businesses to make constructive contributions for improvement.

Before commencing, we ensure that we have a full working knowledge about our client’s business and activities which in turn reduces the client’s time involvement. We don’t just perform an audit, we keep an eye out for any strengths that are being underutilized or potential weakness that may do harm in the future. A customized approach is the key to this objective. We ensure that we understand all aspects of our clients’ organization and industry, which results into a seamless and efficient delivery of services.

Covid-19 & IFRS 9: A Client Guide

In July 2014, the International Accounting Standards Board (IASB) issued the final version of IFRS 9 – ‘Financial Instruments’ effective for annual periods beginning on or after 1 January 2018.

Passing The Torch

After years of diligent and steadfast service, the Managing Partner of the Firm, Mr. Wiqar Avais has decided to hang up his gloves and retire from the position of the Managing Partner. He led the firm as a Managing Partner for a vigil of 30 long years.

IFRS 16 - An Analysis

Leases have always been one of the important sources of financing. Listed companies around the world are estimated to have around US$ 3.3 trillion lease commitments but over 85 percent of these commitments are not represented in the balance sheet. Consequently, it has been difficult for investors and others to: