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Muslim Business Centre, Charahi Haji Yaqoob, Shahr-e-Naw, Kabul, Afghanistan. M: +93 780 780 786 E: [email protected] W: www.ilyassaeedca.com
ABOUT US ..................................................................................................................................................... 3
MGI WORLDWIDE ......................................................................................................................................... 4
OUR CREDENTIALS ........................................................................................................................................ 5
LINES OF SERVICE ......................................................................................................................................... 6
INDUSTRY EXPERTISE ................................................................................................................................... 8
OUR CLIENTELE ............................................................................................................................................. 9
STAFF STRENGTH ........................................................................................................................................ 14
CONTACT US ............................................................................................................................................... 15
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ABOUT US
Founded in 1979, Ilyas Saeed & Co. (ISCO) maintains its Head Office at Lahore. The Firm also continues to maintain other offices in the major cities of Pakistan (Islamabad, Karachi, Quetta and Gujranwala), with nine partners, which enables us to effectively and efficiently serve our clients in different parts of the country. Ilyas Saeed & Co., Chartered Accountants is a public accountancy and management consultancy Firm in Pakistan. It provides a wide range of professional services to private and public companies / corporations and multi-national conglomerates. Concern for our clients and commitment to the highest professional standards have not only enabled the Firm to add a good deal of clientele both in the private and the public sectors, but has also earned the Firm a reputation for excellence of services and dedicated work. Our philosophy is adherence to the professional norms of commitment, integrity and objectivity to every job we undertake which is reflected in
various service standards we have established for the achievement of these objectives. The Firm has outstanding record of successful completion of its assignments, be it public or private, within stipulated time frame, to the entire satisfaction of the clients. The success story of the Firm is duly been acknowledged by all those departments and organizations worked with. The Firm sticks to its mission as; “Best Professional Services at the Most Appropriate Cost and Time”. The Firm has served countrywide more than 4,000 diversified large, medium and small clients in all walks of business life consisting of local, multinational, private, government and semi government organizations. ISCO is also listed with Stock Exchanges, State Bank of Pakistan, Banks, OGRA, FBR, Ministry of Finance, HEC, EPB, Insurance, SECP etc.
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MGI WORLDWIDE
Who we are MGI Worldwide is a top 15 ranked, an international network of independent audit, tax and accounting firms, a network with some 5000 professionals in over 250 locations around the world. This gives MGI Worldwide member firms true global coverage and helps many clients set up and grow their businesses overseas. Most member firms are medium sized businesses with a significant position in their markets and typical clients are family businesses, entrepreneurs and fast growth enterprises. Where we are MGI’s presence in 76 countries is divided into eight areas: Africa, Asia, Australasia, Europe, Latin America, Middle East & North Africa, North America, UK & Ireland. Several areas are further subdivided into circles representing commercial
and economic regions where business is most frequently interchanged. How we operate? Our international network of independent accounting firms is operated through a non-profit company, limited by guarantee. Our members' clients have increasing international needs as they expand into operations and markets abroad. MGI Worldwide is an association of like-minded entrepreneurial professionals who work together as a network. As a network of auditors, chartered accountants and CPAs, we manage quality review of our member firms to make sure that they operate to the highest international quality standards. New and existing members are subject to regular assessment of their quality assurance systems and customer service quality.
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OUR CREDENTIALS
♦ Full and independent Member of MGI Worldwide since 1982.
♦ Registered with Afghanistan Investment Support Agency (AISA) with registration number (i-81736)
♦ DUNS number: 561208991, NCAGE number: SBAP5 and SAM status: active
♦ The Firm has always been maintaining satisfactory rating of QCR from ICAP, being the first Firm of North to obtain QCR.
♦ The Firm is placed in ‘Category A’ list of Auditors by the State Bank of Pakistan. ISCO, therefore, is fully competent to undertake any and all sorts of audit and assurance assignments.
♦ The Firm is among the few Firms which are allowed to carry out Evaluations by the State Bank of Pakistan. ISCO, therefore, is fully competent to undertake any and all sorts of revaluation assignments.
♦ Allah Almighty has placed the Firm in one of the few Firms approved by the USAID to carry out the audit and allied assignments related to USAID funded projects and programs.
♦ Securities and Exchange Commission of Pakistan (SECP) has placed the Firm in the list of Firms approved to carry out the Audits of Listed Companies. Thus, ISCO is fully competent to undertake any and all sorts of audit assignments.
♦ For Statutory Audits, Special Audits, Investigations, Evaluations, Revaluations, etc. ISCO is also accredited / listed with;
o Ministry of Defense (FWO), o Ministry of Petroleum and Gas
(OGRA), o Ministry of Finance (FBR), o Ministry of Education (HEC), o Ministry of Exports (EPB), o Ministry of Science &
Technology (PSF), o Stock Exchanges, o Insurance Department, o Punjab Cooperative Board for
Liquidation (PCBL), o Punjab Cooperative Societies.
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LINES OF SERVICE
The services rendered by CA firms must be responsive to the changes in the environment, which is affected by developments in information technology, increasing complexity of laws and regulations, greater demands by the public for new and diversified information, the increasing need of many clients for advisory services and a host of other factors.
Keeping all these factors in mind, Ilyas Saeed & Co., provides a wide variety of services in various professional disciplines enumerated hereunder, consistent with ethical and professional standards and regulatory requirements.
A. ACCOUNTING AND AUDITING
♦ Assurance & Audit ♦ Accounting ♦ Book Keeping ♦ Valuation ♦ Financial Accounting ♦ Management Accounting ♦ Capital Appraisal ♦ Performance Audit and
Evaluations ♦ Special /Agreed Upon Audits ♦ Investigative Audits &
Investigations
♦ ISO Audits and certifications B. TAXATION
♦ Personal ♦ Corporate ♦ International ♦ Financial Institutions ♦ NGO ♦ Authorities ♦ Special Audits Under FBR
C. CORPORATE AFFAIRS ♦ Company Formation ♦ Annual Renewals ♦ Corporate Restructuring ♦ Corporate Financing ♦ Mergers & Acquisitions ♦ Privatization ♦ Liquidations
D. MANAGEMENT CONSULTANCY SERVICES
♦ Fixed Assets Revaluations ♦ Business Strategies ♦ Marketing and Economics
o Economic and Financial Feasibility Studies
o Economic Analysis and Forecasting
o Acquisition Studies o Master Plan Studies
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♦ Project Finance & Feasibilities
♦ Computerized Information Systems o Planning o Development o Operations
♦ Human Resources ♦ Software Solutions ♦ SWOT Analysis ♦ Due Diligence ♦ Performance Appraisals ♦ Surveys and Statistical
Analysis ♦ Anti-Dumping
E. INFORMATION TECHNOLOGY ♦ Information System Audits,
Comprehensive IT Audits ♦ Post Implementation
Reviews of Information Systems
♦ Data Migration Reviews
♦ Risk Management Framework Development and Reviews
♦ Risk Register Implementation
♦ Vulnerability Assessment and Penetration Testing of IT Systems, Web Applications and Critical Network Infrastructure
♦ Corporate Information Security Management System (ISMS) Implementation and Auditing as per ISO 27000 Series of Standards
♦ Securing Network Infrastructure
♦ Digital Forensics Services ♦ Data Recovery Services ♦ IT Service Management ♦ Web Fraud Management ♦ IT Security Consultancy ♦ IT Security Training
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INDUSTRY EXPERTISE
Our clientele includes governmental organizations, public limited companies quoted on the stock exchanges, autonomous bodies, and joint stock companies in the private sector, trusts and the trade organizations. Generally our clients are from the following Industry sectors of the economy:
♦ Commercial Banks and state owned banks
♦ Exchange houses & insurance companies
♦ Energy / oil & gas ♦ Information technology ♦ Telecommunication ♦ Airlines ♦ Engineering and spare parts ♦ Tannery, shoes & leather products
♦ Construction ♦ Cement ♦ Ceramics & tiles ♦ Tobacco, paper & books ♦ Dairy products / beverages ♦ Textiles /ready-made garments /
knitting ♦ Dyeing / printing ♦ Import and export ♦ Fans ♦ Drugs and chemicals ♦ Lubricants & seeds ♦ Iron and steel ♦ Designers & labels ♦ NGOs ♦ Miscellaneous
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OUR CLIENTELE
Afghanistan Clients
♦ Afghanistan Family Guidance Association – AFGA Financial Audit and Financial Control Evaluation – 2016 (Funded by IPPF, EU Champion, UNFPA and JHPIEGO)
♦ Afghan Midwives Association – AMA Mentorship Program Audit – 2016 (Funded by Swedish Committee for Afghanistan - SCA)
♦ Ariana Afghan Airlines - AAA Bookkeeping and Compilation of Financial Statements for the “Five Solar Years from 1386 to 1390”
♦ Embassy of Denmark & Ministry of Education Financial Audit of Education Support Program (ESPA II) for the fiscal Year 2015 – Finished along with extended scope in timely fashion
♦ Maiwand Bank – MB Information Technology audit and Penetration Testing For the fiscal year 2016
♦ Afghanistan Institute of Banking and Finance – AIBF Verification of Receivables & Payables along with Financial Position Balances Reconciliation
♦ Da Afghanistan Bank – Capacity Building IFRS Trainings for IAS 16, 36 & 38
♦ Afghan National Insurance Company – ANIC Annual Statutory Audit – For the year ended December 31, 2016
♦ Lamsey Telecommunications – LT Business Forecast for five years and 2016 Audit
♦ Turkish Pharma & Ibnisina Medicine Co LTD – Investment Appraisal & Forecast for five years from 2018 to 2022
♦ Park Star Hotel – PSH Finance Function establishment including QuickBooks data entry and reporting
♦ Golden Star Hotel – GSH Quick Books Installation, Hotel Accounts Management and after sales support
♦ Greenwich Consulting and Support Services Annual Audit for the year ended 2015 & 2016
♦ Bakhtar Bank – Capacity Building ♦ Azizi Bank– Capacity Building ♦ New Kabul Bank– Capacity Building ♦ First Microfinance Finance Bank –
Capacity Building
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♦ Afghan National Insurance Corporation – Capacity Building
♦ Afghan Telecom – Capacity Building ♦ Ministry of Agriculture - ADF
Banks and other development finance institutions
♦ Zarai Taraqiati Bank Limited (ZTBL) ♦ Islamic Investment Bank ♦ Karakuram Cooperative Bank Limited
Gilgit-Baltistan ♦ Punjab Provincial Cooperative Bank ♦ Bank of Punjab ♦ Natover Lease & Refinance Limited
(NLRL) ♦ First National Equities Limited ♦ International Currency Exchange (ICE):
(Commonly known as Dollar East)
Other organizations
♦ Frontier Works Organization (FWO) – external audit from the year 2003 to 2008.
♦ Higher Education Commission (HEC) – external audit for the years 2002-2003, 2003-2004 & 2004-2005 and 2009-2010, 2010-2011 and 2011-2012.
♦ Embassy of Finland – Special purpose audit / investigation of AMAL NGO to ascertain the amount actually spent by the NGO on the project.
♦ Higher Education Commission: (USAID Projects) HEC being the Primary Recipient, has contracted the audit of sub-recipients under USAID Guidelines. These include:
o Lahore University of Management Sciences (LUMS)
o Faisalabad Agricultural University (FAU)
♦ National ICT R&D Fund:
Performance Evaluation, Program Audits, Terminal Audits and Control Audits;
o Punjab University (PU). o Lahore University of
Management Sciences (LUMS). o National College of Arts (NCA). o National University of Science
and Technology (NUST). o FAST – National University (NU). o Bearing Point Limited.
♦ Export Promotion Bureau of Pakistan
Performance Evaluation and Control Audits;
o Gem & Gemological Corporation, Peshawar.
o Fan Development Institute, Gujrat.
o Charsaddah Footwear Institute, NWFP.
o Terry Towel Manufacturing Institute, Karachi
o S.M. Rizvi. Textile Institute, Karachi.
♦ Ministry of Petroleum and Natural Resources - Oil & Gas Regulatory Authority Unaccounted for Gas Losses (UGF), third party evaluation and financial reporting;
o SNGPL (30th June 2004, 2005 & 2008 each)
o SSGCL (30th June 2004, 2005 & 2008 each)
♦ Securities & Exchange Commission of Pakistan (SECP) Special investigative audit including physical verification of:
o Centre For Civic Education Pakistan
o Natover Lease & Refinance Limited
♦ (PCBL) Punjab Cooperative Board for Liquidation
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Third party financial audit, assurance and investigation of:
o Mercantile Cooperative Society Limited
o Punjab Provincial Cooperative Bank
o Services Cooperative Society Limited
♦ Provincial Zakat Fund (Punjab) – external audit of Zakat Collected by the Centers all over Punjab.
♦ Roshni Trust – external audit and consultancy.
♦ Lahore Hospital – external audit ♦ Association of Physicians of Pakistan
Descent of North America (APPNA PAKISTAN) – external audit.
♦ Fauji Soft Limited (FSL) – internal audit and investigation.
♦ Citizen Network for Foreign Affairs – external audit of 03 years.
♦ Pakistan Agricultural Research Council (PARC) – external audit for the five years from 1998-1999 to 2002-2003 (audit was performed in 2009)
♦ National Book Foundation (NBF) – external audit for the five years from 2003-2004 to 2007-2008.
♦ NAFDEC was governed by Ministry of Culture. We carried out liquidation audits of the company for six years. We also carried out third party performance evaluation and voluntary liquidation assignment.
♦ Institute of Space Technology (IST) IST is an autonomous educational institute imparting education in the discipline of aerial sciences. We are conducting annual audit of IST for the last five years.
♦ Pakistan Science Foundation (PSF) – external audit of PSF for four years.
♦ Millat Tractors Limited (MTL) – external audit for a number of years from the year 1980.
♦ Adventist Development and Relief Agency – external audit since 1990.
In addition to the above, the Firm has carried out over two hundred assignments of investigations and audit both within and outside Pakistan. Examples are:
♦ Ministry of KANA - Kashmir and Northern Areas
o Evaluation of Fixed Assets (Land and Building)
o Statutory Audit. ♦ Ministry of Finance - CBR
Undertook investigation audits and performance analysis of over 20 Industrial (National and Multi National) Units for Sales Tax Refund Claims.
♦ Punjab Cooperative Societies Special third party financial and statutory audits of various cooperative societies registered in Punjab.
♦ (TEVTA) Technical Education and Vocational Training Authority Govt. of Punjab Third Party Evaluation and assurance of Financial Analysis of TEVTA for Short Term Training Programs carried out in 35 samples TEVTA Institutions in 24 districts of Punjab.
♦ (LSE) Lahore Stock Exchange Special System Audits of various brokerage houses and securities companies.
♦ DANCOM Due Diligence reports on financial performance and management.
♦ Punjab Employees Social Security Institute (PESSI) Statutory Financial Audit for the year 2004-05 & 2008-2009 & 2009-2010.
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OUR TEAM
Ilyas Saeed, Chartered AccountantsMGI Worldwide
Mr. Asjad Amin
Partner Gujranwala Office
Mr. Imran Ilyas
Senior Partner Islamabad Office
Mr. Khurram Aziz
Partner Islamabad Office
Mr. M. Saeed Sheikh
Senior Partner Karachi Office
Mr. Saghir Ahmad
Partner Karachi Office
Mr. Muhammad Abdul Basit
Partner Kabul Office - 1
Mr. Abdul Wajid
Director Consulting
Mr. Bashir Ahmad TahirDirector Research
Mr. Hamid HussainDirector IT
Mr. Ihsan AliManager
Mr. Qaiser Abbas
Director Accounting Services
Mr. Muhammad Ilyas
Senior Partner Lahore Office
Mr. Irfan Ilyas
Partner Lahore Office
Mr. Muhammad Shafiq
Partner Kabul Office - 2
Mr. Irfan Khalid
Manager Assurance
Auditors07 Audit Staff
Ms. Noureen Al Amin
Partner Quetta Office
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Team Members’ Experience
SR NAME DESIGNATION QUALIFICATION 1 Mr. Muhammad Ilyas
Senior Partner ♦ Fellow Chartered Accountant (PK)
♦ DMCS (USA) ♦ M.Com, B.Com (Hons) & M.A (Eco), LLB
2 Mr. M. Saeed Sheikh Senior Partner ♦ Fellow Chartered Accountant (PK) ♦ Fellow Chartered Accountant (England & Wales)
3 Mr. Irfan Ilyas Partner ♦ Fellow Chartered Accountant (PK) ♦ FCCA(UK), B.Com, FFA(UK), FPA, FITM, FICS
4 Mr. Imran Ilyas Partner ♦ Fellow Chartered Accountant (PK) ♦ B.Com & M. Com
5 Mr. Khurram Aziz Partner ♦ Associate Chartered Accountant (PK) 6 Mr. Muhammad Abdul
Basit Partner ♦ Associate Chartered Accountant (PK)
♦ Certified Internal Auditor (USA) ♦ Certified Information System Auditor (USA) ♦ Associate Professional Risk Manager (USA)
7 Mr. Muhammad Shafiq Partner ♦ Associate Chartered Accountant (PK) 8 Mr. Qaiser Abbas Director
Accounting Services
♦ Certified Public Accountant (USA)
9 Mr. Irfan Khalid Director ♦ Associate Chartered Certified Accountant (UK) 10 Mr. Hamid Hussain Director IT ♦ Ph. D in cloud computing from FAST (PK) 11 Mr. Bashir Ahmad Tahir Director ♦ MSc (International Relations) Distinction/Gold Medal,
Quaid-E-Azam University, Islamabad, Pakistan, 1982 ♦ MA-EPM (Educational Planning & Management) from
Allama Iqbal Open University, Islamabad, Pakistan, (Course Work completed)
♦ BA (Sociology & Literature) 12 Mr. M. Abdul Wajid Director ♦ Associate Chartered Certified Accountant (UK)
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STAFF STRENGTH [[
SR. FULL NAME & QUALIFICATION OF EACH PARTNER OFFICE ADDRESS STRENGTH
LAHORE
1 Mr. Muhammad Ilyas, A-4, Sea Breeze Homes, Partner: 2
B.Com (Hons), M.Com, M.A (Eco), LLB, FCA, DMCS (USA) Shershah Block, Manager: 2
New Garden Town, Lahore. Directors: 2 2 Mr. Irfan Ilyas, Ph: 042 – 35861852 , Ph: 042 – 35868849 Staff: 92 B.Com, FFA(UK), FPA, FCA, FCCA(UK), FITM, FICS Fax: 042 – 35856145 E-mail: [email protected]
KARACHI 3 Mr. M. Saeed Sheikh, 418- Press Centre, Partner: 2 FCA, FCA (Eng & Wales) Shahrah-e-Kamal Atta Turk, Manager: 2 Karachi. Staff: 42 4 Mr. Saghir Ahmad, Ph: 021 – 32635675 , Ph: 0300 – 8249120 B.Com, FCA Fax: 021 – 32635676 E-mail: [email protected]
ISLAMABAD 5 Mr. Imran Ilyas, Office # 26, Partner: 2 B.Com, M.Com, FCA 2nd Floor, Rose Plaza, Manager: 2 I – 8 Markaz, Islamabad. Directors: 2 6 Mr. Khurram Aziz, Ph: 051 – 4938026 , Ph: 051 – 4938027 Staff: 54 B.Com, ACA, CIFA Fax: 051 – 4938028 E-mail: [email protected]
GUJRANWALA
7 Mr. Asjad Amin, Office # B-3, 1st Floor, Partner: 1 B.Com, ACA Trust Plaza, Gujranwala. Manager: 1 Ph: 055 – 3856796 Staff: 29 Fax: 055 – 3843668 E-mail: [email protected]
QUETTA 8 Mrs. Noureen Al Amin, Shees Plaza, The Mall, Quetta. Partner: 1 ACA Ph: 0321 – 8111345 Manager: 1
KABUL - AFGHANISTAN 9 Mr. Muhammad Abdul Basit, Park Star Hotel, Partner: 2 ACA, CIA, CISA, APRM Shahr-e-Naw, Kabul, Directors: 4 Afghanistan. Manager: 2 Ph: 0093 780 780 786 Staff: 7 E-mail: [email protected]
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CONTACT US
Muhammad Abdul Basit – ACA, CIA, CISA, APRM
Managing Partner, KABUL, AFGHANISTAN.
AF +93 780 780 786
PK +92 335 99 99 345
www.ilyassaeedca.com
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