We coordinate and manage statutory audits for companies, NGOs and funds across Pakistan through our trusted network of ICAP QCR-rated chartered accountant firms, from audit readiness and scoping to fieldwork support and final report.
To the members of [Company Name] (Private) Limited
The Business Explore Consultants does not issue statutory audit reports in its own name. Statutory audits are conducted together with our trusted ICAP QCR-rated chartered accountant firms, and the independent auditor’s report is issued and signed by the partner firm on its own official letterhead.
Engagement acceptance, auditor independence, the audit opinion and the auditor’s report remain the sole professional responsibility of the partner firm under the Companies Act 2017, the International Standards on Auditing as adopted by ICAP, and the ICAP Code of Ethics.
You get the convenience of a single point of contact, while the statutory opinion comes from a qualified, QCR-rated audit firm.
Statutory and regulatory audits are issued by our partner firms. Advisory and internal reviews are delivered directly by The Business Explore.
Annual audit of financial statements as required under the Companies Act 2017.
Audits for not-for-profit organisations, Section 42 companies, trusts and societies.
Audit of employee retirement benefit funds and trust accounts.
Limited assurance and specific-purpose reports for banks, donors and regulators.
Outsourced or co-sourced internal audit to strengthen controls and governance.
Get your books audit-ready, or review a business before you invest or acquire.
Companies registered with SECP that must have annual financial statements audited.
Companies with wider shareholding and stricter reporting obligations.
Organisations reporting to donors, regulators and certification bodies.
Companies applying for bank loans, tenders or investment that need audited accounts.
Starting fees for planning purposes. The final fee depends on turnover, transactions, locations and complexity, and is confirmed in the engagement letter.
SMCs & small private limited companies
Growing private limited companies
Non-profits, trusts & donor-funded projects
Public unlisted companies, groups & multi-location
Please note: fees are indicative and exclusive of applicable sales tax on services and out-of-pocket expenses. The statutory audit is performed and the auditor’s report is issued by an ICAP QCR-rated partner firm on its official letterhead. The final scope and fee are set out in the engagement letter issued by that firm.
We understand your entity, year-end and requirements.
The Business ExploreWe scope the audit and match you with a QCR-rated firm.
The Business ExploreThe partner firm completes independence checks and issues the engagement letter.
Partner firmRisk assessment, testing and evidence gathering.
Partner firmQueries resolved and management letter discussed.
BothAuditor’s report issued on the firm’s letterhead.
Partner firmStatutory audit and financial reporting requirements for companies in Pakistan.
Partner firms hold a satisfactory Quality Control Review rating from ICAP.
Audits are planned and performed under International Standards on Auditing.
Financial statements prepared under the applicable reporting framework for your entity.
Our readiness checklist helps you prepare before fieldwork starts, which saves time and fees.
No. The Business Explore Consultants does not issue statutory audit reports in its own name. Your independent auditor’s report is issued and signed by the engagement partner of an ICAP QCR-rated chartered accountant firm, on that firm’s official letterhead.
The Institute of Chartered Accountants of Pakistan (ICAP) runs a Quality Control Review (QCR) programme that reviews audit firms’ quality control systems. Firms that meet the required standard receive a satisfactory QCR rating. We only work with firms holding this rating.
The partner audit firm is solely responsible for engagement acceptance, independence, the audit work and the opinion expressed in the auditor’s report. Our role is coordination, audit readiness and client support.
We can help you get your records audit-ready. Because auditors must remain independent, the partner firm decides what non-audit help is acceptable for the same client and will apply the required safeguards under the ICAP Code of Ethics.
Most small and mid-sized company audits take 3 to 6 weeks from the start of fieldwork, depending on how ready your records are. Starting early helps you meet SECP filing deadlines.
Fees depend on turnover, number of transactions, locations, complexity and the condition of your records. The indicative fees above are starting points; the final fee is confirmed in the partner firm’s engagement letter.
Book a free consultation to scope your audit and receive a quote from a trusted ICAP QCR-rated partner firm.
Compliance notice: The Business Explore Consultants is a business consulting firm and does not issue statutory audit reports in its own name. Statutory audits are conducted with ICAP QCR-rated chartered accountant firms, and the auditor’s report is issued and signed by the partner firm on its official letterhead. Engagement acceptance, independence and the audit opinion are the sole responsibility of that firm. Information on this page is general and does not constitute legal or professional advice.