SERVICES

We provide range of services to a wide variety of clients including:
   - Audit
   - Accounting & Outsourcing
   - Tax
   - Corporate and secretarial works
   - Capacity Building
   - Software Development
   - Investment
   - Other Services
   - list of clients


AUDITS

Limited liability companies, banks, government sector corporations as well as international NGOs are required to get their financial statements audited on periodic basis in accordance with requirements of their respective statutes.

We have a vast experience of rendering audit and assurance services to organizations working both in Afghanistan and Pakistan, Limited Liability Companies, Government Corporations, NGOs etc.

We provide mainly these services:

    a. Annual External Audits
    b. Project audit on behalf of Donors
    c. Internal audits
    d. Management Audits

We are providing audit and assurance services to a wide range of sectors which can be witnessed by our list of clients but we specialize in conducting the Project/contract Audits on behalf of Donor Agencies. We have conducted project audits of the projects funded by European Commission, Cordaid, Norwegian Church Aid and Intercooperation.

ACCOUNTING AND OUTSOURCING

We offer a wide range of accounting services from the supervision of accounts section to complete outsourcing of book keeping and payroll. Our goal is to provide your company with up-to-date, accurate financial data.
We want our experience to help your business grow by managing the accounting and book keeping for you and you can concentrate on addressing the strategic issues faced by your organization.
We provide accounting and outsourcing services in these areas:
    ? Payroll Processing
    ? Inventory Reconciliation
    ? Monthly taxes & statements
    ? General Ledger Maintenance
    ? Account Reconciliation
    ? Monthly Financial Reports and Analysis
    ? Fixed Assets and Depreciation
    ? Cash Flow Management
    ? Accounts Receivable/Accounts Payable.
    ? Outsourcing of Share Department of the Companies

TAX SERVICES

Professional staff under the direct supervision of Mr. Zeeshan Ali, ACA is providing tax advisory services to the utmost satisfaction of the clients.

These services include:
• Filing of Annual Income Tax Returns as well as various statements required to be submitted under Income   Tax Ordinance, 2001 and Afghan Income Tax Law.
• Obtaining National Tax Number for our clients.
• Tax assessments and hearings including Commissioner Appeals and Income Tax Appellate Tribunal level.
• Tax planning for companies.
• Obtaining Income Tax exemptions from Commissioner Income Tax under different provisions of Income    Tax Law.
• Obtaining Income tax refunds.



CORPORATE & SECRETERIAL SERVICES

Our corporate section is providing a wide range of services to our corporate clients which include:

• Incorporation of companies both Public as well as Private Limited
• Licensing of Organizations not for profit from the Securities & Exchange Commission of Pakistan.
• Establishment of branch office of foreign companies.
• Assistance and guidance in incorporation of companies by Foreign Investors.
• Filing of various returns and documents required by the Companies Ordinance, 1984
• Alteration in Memorandum & Articles of Association of Companies.
• Regularization of Companies who have not filed their returns for last many years.
• Creation, Modification and Satisfaction of Charges.
• Increase in Paid up as well as authorized Capital subsequent to Incorporation of Companies.
• Change of Status of the Companies from Public to Private and vice versa.
• Winding up of Companies.
• Outsourcing of Share Department of the Companies

In case you want to obtain any information about outsourcing any function of your organization, please don’t hesitate to contact us.


CAPACITY BUILDING SERVICES

A reliable and accurate financial reporting system is considered to be an essential feature of an organization. It is always desirable that good financial systems are in place for ensuring that the organization’s affairs are dealt in the best possible manner and effective controls are in place to avoid errors whether unintentional or fraudulent. Moreover, for the NGO sector donors require that funds to be disbursed are kept and utilized in proper way in accordance with the agreed terms of the contract.

We provide following services in this regard:

• Providing financial management trainings to staff members. These trainings are specially designed to   cater the specific management needs of organizations;
• Formulation of Administration manual and designing of Internal control Procedures;
• Training of Accounts staff for better management of book keeping and accounts.
• Installation, training and support of Accounting Software including Quick book, ACCPAC etc.


Our training approach is practical, participatory and personal. We focus on real issues and help participants to use the techniques covered, rather than just discuss them. Training is undertaken in small groups to meet the needs of individual participants. A variety of learning methods are employed to stimulate interest and meet the differing needs of participants – including illustrated presentations, group exercises and discussions, case studies and practical problem solving exercises.


Software Development

Along with trainings on ready-made softwares available in the market, we also offer the development of a tailor made Management Information System and/or Accounting system for your organization. We have got experienced programmers on our panel who can make your life easy by developing an inhouse solution for your organization providing all the reports and information which you need for routine as well as strategic decision making. We have experience in developing of multi currency as well as multi user softwares. We offer the development of following softwares:

    Complete MIS
    Accounting Software
    Integrated MIS & Accounts
    Payroll Module
    Inventory Module



Investment

Pakistan economy has shown an upward trend in the last four years and it has resulted in the increasing confidence of foreign investors in Pakistan. The country attracted about US $3.5-billion as foreign direct investment last year, up sharply from less than $600-million three years back. That tremendous increase was achieved by the successful sale of state-owned companies to private investors as well as creating an environment conducive to foreign investment in Pakistan.
Pakistan is committed to facilitate businessmen, both local as well as foreign investors, to encourage investment. It has introduced a number of reforms in the investment sector, removing all hurdles and providing maximum facilities to the investors main features of which are summarized below:


• No government approval is required for setting up an industry, in any field, place and of size.

• No limit for minimum or maximum investment in manufacturing sector.

• Remittance of capital, profits, dividends, and royalty allowed.

• No restriction of foreign equity in a company. Now foreign Investors can have 100 % equity in a   company.

• Visa and immigration policies have been relaxed for foreign investors and multiple entry visa of duration    up to five years are being issued by Pakistan embassies abroad.

• Foreign investment in Pakistan is fully protected and legislation has been done in this connection to    provide them fearless business environment.

• Complete legislative protection of foreign currency accounts.

• Corporate Governance has been improved and Securities and Exchange Commission of Pakistan is working    efficiently to regulate the corporate sector.

• Attractive Tax tariffs and initial depreciation allowed on machinery and equipment up to 50 % of cost.

• Corporate tax rates of 37%, 35% and 20% for Private limited, Listed Public Limited and Small companies    respectively.

• Board of Investment of Pakistan is fully facilitates Foreign Investors.

We are providing consultancy services ranging from approval of Board of Investment for the establishment of branch office to Incorporation of companies, tax advice and obtaining all sort of licenses for the company.

Pakistan has entered treaties for avoidance of double taxation with the following countries:


Other Services

In addition to the services listed in other sections, we also provide the following services:Registration of Societies and Partnership firms.
Registration of NGO’s under Societies Act.
Registration of patents and trademarks.

LIST OF EXISTING AND PAST CLIENTS

• EC CONSORTIUM

• PROGRAMME FOR RETURNEES REINTEGRATION AND COMMUNITY SUPPORT IN AFGHANISTAN”    having contract No. AFG/AIDCO/2002/0466 including following Partner NGO’s:

    1) Danish Committee for Aid to Afghan Refugees (DACAAR)
    2) Swedish Committee for Afghanistan (SCA)
    3) Afghan aid
    4) German Agro Action
    5) Health Net International (HNI)

• REHABILITATION OF RURAL PRODUCTION SYSTEM IN PARWAN, KAPISA, LOGAR AND WARDAK    having contract No. AFG/AIDCO/2003/5645/086673 including following Implementing partners:

    1) Coordination of Humanitarian Assistance (CHA)
    2) Coordination of Afghan Relief (CoAR)
    3) ASSOCIAZIONE PER LA COOPERAZIONE TRANSREGIONALE LOCALE ED EUROPEA (TECLA)


• PROJECT AUDITS ON BEHALF OF CORDAID
    1) Ibn Sina (Public Health Programme for Afghanistan)
    2) Voluntary Association of Rehabilitation for Afghanistan (VARA)
    3) Afghan Health and development Services (AHDS)
    4) Norwegian Project Office, Rural Rehabilitation Association for Afghanistan (NPO/ RRAA)
    5) Reconstruction Authority for Afghanistan (RAFA)
    6) Afghan Women Resource Center (AWRC)
    7) Loy Kandahar Reconstruction Organization (LKRO)
    8) Helping Afghan Farmers Organization, (HAFO)

• PROJECT AUDITS ON BEHALF OF NCA
    1) Coordination of Afghan Relief (CoAR)
    2) Cooperation Centre for Afghan Refugees (CCA)
    3) Afghan Development Association (ADA)
    4) Ghazni Rural Support Programme (GRSP)
    5) Just for Afghan Capacity and Knowledge (JUST)
    6) Hambastagi Foundation (HF)
    7) Future Generations (FG)
    8) Central Afghanistan Welfare Committee (CAWC)
    9) Afghan Women Skill Development Centre (AWSDC)
    10) Green way Organization (GWO)
    11) Women Activities and Social Services Association (WASSA)

• PROJECT AUDITS ON BEHALF OF INTERCOOPERATION, SWITZERLAND
    1) Community Based Sustainable Resource Management Project (CBRM)
    2) Farm Forestry Support Project, Peshawar (FFSP)
    3) Project For Livelihood Improvement, PLI

• ANNUAL EXTERNAL AUDITS
  NGOs
    1) DACAAR
    2) Den Denske Afghanistan Committee (DAC)
    3) Coordination of Humanitarian Assistance (CHA)
    4) SABA Media Organization
    5) Norwegian Refugee Council, Pakistan
    6) Frontier primary health care (FPHC)
    7) Afghan Health and Development Services (AHDS)
    8) Just for Afghan Capacity and Knowledge (JACK)
    9) Afghan Women Skill Development centre (AWSDC)
    10) Pakistan Environmental Protection Foundation (PEPF)
    11) Community Motivation and Development organization (CMDO)
    12) Ghazni Rural Support Program (GRSP)
    13) Dioceses of Peshawar
    14) Dioceses of Multan


• PUBLIC SECTOR CORPORATIONS
    1) Azad Kashmir Logging And Sawmills Corporation
    2) Pakistan Tobacco Board
    3) Sarhad Mineral (Pvt) Limited
    4) Sarhad Tourism Corporation
    5) Frontier Education Foundation

• EXPORT PROMOTION BUREAU
    1) Gems & Gemological Institute
    2) Footwear Training Institute

• LIMITED COMPANIES
    1) Sunrise Polyester Limited
    2) Tameerat (Pvt) Limited
    3) Feroz Mining (Pvt) Limited
    4) Health Care Center (Pvt) Limited
    5) Converter (Pvt) Limited
    6) Britex (Pvt) Limited
    7) Skyworld (Pvt) Limited
    8) Adil International (Pvt) Limited
    9) Sagar International (Pvt) Limited
    10) Peoples Media Foundation
    11) Takshila (Pvt) Limited
    12) Gul Flour Mills (Pvt) Limited
    13) Elahi Flour Mills (Pvt) Limited
    14) Yousafzai Flour Mills (Pvt) Limited
    15) Jan Flour Mills (Pvt) Limited


• HOSPITALS
    1) Bach Christian Hospital, Abbottabad
    2) Pennell Memorial Hospital, Bannu.
    3) Kunhar Christian Hospital, Ghari Habibullah
    4) Abasin Foundation
    5) Emergency Satellite Hospital
    6) Nahaqi Research & Database Project
    7) Mission Hospital, Peshawar
    8) Mission Hospital Leprosy Department
    9) Mental Health Centre


ASSOCIATE MEMBERS OF MORISON INTERNATIONAL ACCOUNTING FIRMS

COUNTRY MEMBER FIRMS
CYPRUS PATSALIDES & TYMVIOS
DENMARK RVT REVISION
France APLITEC
GERMANY MORISON AUDIT AG
WIRTSCHAFTSPRUFUNGSGESELLSCHAFT
IRELAND BFCD
LITHUANIA UAB MORISON KAUNAS
Luxembourg FIDUCIAIRE EUROLUX
Portugal ÁLVARO, FALCÃO & ASSOCIADOS, SROC
RUSSIA PTL – MORISON
THE NETHERLANDS VAN DER HOEK EN BLOK
WITLOX ADVIES
SPAIN ALVAREZ, CONTRERAS & CIA
UNITED KINGDOM DUNHAMS
MORISON STONEHAM
AUSTRALIA & NEW ZEALAND HAYES KNIGHT
COLSON WHITE & CO.
HONG KONG MORISON HENG
INDIA BRAHMAYYA & CO.
M.L. BHUWANIA & CO.
S.C. VASUDEVA & CO.
SANJAY MAJMUDAR & ASSOCIATES
MALAYSIA ANUARUL, AZIZAN, CHEW & CO.
WONG, LIU & PARTNERS
SQ ASSOCIATES
MYANMAR WIN HTUT AUNG & ASSOCIATES
PAKISTAN ZEESHAN ALI & CO.
PHILIPPINES E.S. PASAMBA & CO., CPAs
SINGAPORE PAUL WAN & CO.
TAIWAN CONCORD & CO, CPAs
VIETNAM THUY CHUNG ACCOUNTING-FINANCIAL
CONSULTING & AUDITING CO, LTD
REPUBLIC OF ARGENTINA RUBEN HELOUANI & ASOCIADOS
BOLIVIA SEDACO SRL
CHILE CONSULTORES INTEGRALES ASOCIADOS
COSTA RICA & PANAMA GRUPO CAMACHO S.A.
ECUADOR UGARTE & ASOCIADOS CIA. LTDA
PARAGUAY ALONSO & ASOCIADOS
PERU AQUIJE CHUNG & ASOCIADOS
URUGUAY ASE S.C. ASESORES Y CONSULTORES DE EMPRESAS
VENEZUELA PADILLA HERNANDEZ & ASOCIADOS
AUSTRIA MORISON WIRTS CHAFTSBERATUNG
BELGIUM FISKAAL IN JURISISCH STUDIEBUREAU NV
ITALY ADZ MORISON
TURKEY SECKIN CERTIFIES PUBLIC ACCOUNTANCY AND INDEPENDENT AUDITING INC.
UNITED ARAB EMIRATES MORISON MENON CHARTERED ACCONTANTS
CHINA HEBEI TIAN QIN CPAs
BRAZIL MACSO BRASIL CONSULTORES-MGS GROUP