| 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 |
|