Assurance

At M. Maqbool Chartered Accountant, our primary objective is to provide framework for the application of a uniform ,effective and efficient audit approach for all audit and review engagements .

Audit of Financial Statements

Our objective in an audit of the financial statements of an entity is to express our independent opinion on whether the statement as a whole have been properly prepared in accordance with generally accepted accounting principles and relevant legislation to give a true and fair view of the financial position and results of the entity .In order to express such an opinion, we need to perform our audit in accordance with generally accepted auditing standards. To be effective, we need to obtain sufficient, reliable and relevant evidence to enable us to form our opinion. To be efficient, we need to obtain that evidence economically and in a way that is (and is perceived by our clients to be) highly professional. This involves making the best use of resources available to us - the expertise of our people, their time, and any assistance, which can be provided to us by the client.

Given these objectives and diversity of the clients we service, we have developed an audit approach that provides a high degree of flexibility with the emphasis on the exercise of professional judgment in tailoring the audit to meet the specific circumstance of each client.... more