Audit & Assurance Services
Audit & Assurance
Services
Audit and assurance services support transparency, reliability, and compliance in financial reporting. Faruq Ali & Co. performs audit and assurance engagements with reference to applicable laws, professional standards, and ethical responsibilities.
ICAP
Quality-Rated Firm
Scope of Services
Statutory audit
Review engagements
Internal audit
Cost audit
Compliance reporting
Compilation engagements
Agreed-upon procedures
Internal control review
Our Professional Approach
Our audit and assurance work begins with understanding the nature of the engagement and applicable reporting requirements. Procedures are planned, documented, reviewed, and communicated in a professional and confidential manner.
Our Professional Approach
Our audit and assurance work begins with understanding the nature of the engagement and applicable reporting requirements. Procedures are planned, documented, reviewed, and communicated in a professional and confidential manner.
ICAP Quality-Rated
Endorsed by the Institute of Chartered Accountants of Pakistan as a Quality-rated firm.
57 Years of Experience
Over five decades of delivering audit excellence across diverse industries and business sizes.
Independence & Objectivity
We maintain strict independence and objectivity in every engagement, without compromise.
238+ Audit Reports
A proven track record of published audit reports that stakeholders trust and regulators accept.
Related Services
Explore other professional service areas offered by Faruq Ali & Co.
Taxation Advisory
Assistance with tax compliance, filings, notices, and advisory matters under applicable tax laws in Pakistan.
Accounting & Book Keeping
Bookkeeping, financial statement preparation, and accounting support for maintaining accurate financial records.
Management Consultants
Advisory support for systems, policies, procedures, controls, and organisational improvement.
How We Conduct an Audit
A structured, risk-based approach - transparent at every stage, with no surprises at sign-off.
01
Engagement Planning
We invest time upfront to understand your business, industry risks, and reporting obligations.
02
Risk Assessment
Identifying material risks and designing audit procedures proportionate to those risks.
03
Fieldwork & Testing
On-site and remote evidence gathering, testing of controls, and substantive procedures.
04
Reporting & Sign-Off
Clear, concise audit report delivered on time with actionable management letter points.
Audit & Assurance Inquiry
For audit and assurance-related information, please contact our office. All inquiries are handled with professional confidentiality.
frequently asked questions
Q: What does audit and assurance include?
A: Audit and assurance may include statutory audit, review engagements, internal audit, cost audit, compliance reporting, and agreed-upon procedures.
Q: Does FAC provide internal audit services?
A: Yes. Internal audit is included within the firm's audit and assurance service area.
Q: Does this page replace consultation or professional advice?
A: No. The page provides general information only and does not replace professional advice for a specific matter.