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The services are delivered by Functional Specialist Teams (FSTs) and Industry Sector Groups (ISGs), each headed by a Director. The range of services includes:
Business assurance services
Our audit services include performing audits of financial statement of limited companies, partnerships and societies. We conduct audits of clients as stipulated under the various laws in Pakistan and also conduct them as special assignments where requirement of audit is not mandatory. These include management audits, internal audits and investigations.
We provide audit services to over 200 clients ranging from large multinationals and quoted companies to medium sized proprietary companies, non-governmental organizations and donor agencies.
Our firm is approved to act as external auditors by:
- State Bank of Pakistan (SBP), Banking Supervision Department - firm is part of category A list of firms which can audit all banks regardless of size and capital
- Central Board of Revenue (CBR)
- Securities & Exchange Commission of Pakistan (SECP) - part of approved firms for listed companies
Business Strategy:
The success and growth of any business enterprise is a consequence of a set of strategic actions. The range of services we offer in Business Strategy range from advise on entry strategy for companies desiring to set-up business in Pakistan to feasibility studies for expansion / diversification of established businesses.
The scope of our services include -
- Entry Strategy / Establishing Business in PAKISTAN
- Assistance in setting up liaison office in Pakistan
- Assistance in obtaining Foreign Investment Promotion Board (FIPB) approval, for solo and joint venture entry
- Identification of joint venture partners
- Company incorporation and related government approvals
- Advise on green field project Vs take-over of existing plant / operations
- Review of regulatory, tax and legal environment
- Business Strategy
- Evaluation of strategic alternatives
- Identification of opportunities for diversification and expansion of operations
- Diagnostic studies including SWOT analysis
- Review of corporate plans and policies
- Turnaround / revitalization strategies
- Feasibility Studies
- Industry / market assessment
- Competitive scenario analysis
- Financial feasibility and pre-feasibility studies (including financial projections and project sensitivity analysis)
- Technical appraisal
- Location and site evaluation
- Technology life cycle analysis
- Recommendations on technology options in the Pakistani context
Marketing:
We assist our clients to compete in an era of increasing competition, by advising them on market imperatives. Our services in this functional area include -
- Marketing Strategy
- Formulation of marketing strategy and plans
- Advice on marketing organization
- Pricing strategy
- Product mix strategies
- Marketing Research
- Estimation of current and future market potential, both for consumer and industrial products
- Concept testing of new products
- Sales and distribution studies
- Distribution strategy including design of optimal distribution network
- Logistics and transportation, including location of warehouses, and inventory management systems.
Finance:
Growth in business has to be accompanied by sound financial management and controls. We provide services in -
- Strategic Financial management
- Review of capital structuring of existing businesses and advise on capital gearing including financial structure of new ventures
- Review of working capital requirements and advise on working capital management
- Analysis of capital investment decisions
- Financial analysis and inter-company comparison for operating performance, profitability and payback periods
- Valuation and Due-diligence
- Evaluation of financial systems and controls
- Valuation of assets and review of liabilities
- Valuation of intangibles
- Advising on purchase / sale price of shares for acquisitions and divestitures
Human Resource Management:
Ever-changing business environment requires periodic and proactive realignment of the organization to market realities. We assist in -
- Organization structure
- Review of organization structure at the corporate, divisional/ departmental levels
- Evaluation of staffing requirements and assistance in manpower planning
- Documentation of job descriptions and delegation of powers
- Assistance in change management
- Human Resource Development
- Review of personnel policies and procedures
- Review of performance appraisal systems
- Job evaluation and grading
- Compensation studies
- Comparative study of remuneration including perquisites in various industries
- Advice on structuring of an optimal pay package within the tax structure
- Advice on structuring pay packages for expatriate employees
- Executive Selection
- Recruitment - through advertisements placed on behalf of clients
- Placement - through profile match of people registered with our databank
- Training
- Training on general management, finance, accounting and costing, information systems, computerization, organization, and personnel.
System and IT Services:
Today, Systems and IT are not just enablers but a key factor to ensure market competitiveness. We assist in -
- MIS and Systems Review
- Review of management systems
- Advise on the Management Information Systems (MIS)
- Design of systems for budgetary control, funds management, and costing
- Design of underlying Accounting and Office record systems
- Advise on the methods and procedures required throughout the organization
- Assisting in installing systems and procedures or modifying existing ones
- Preparing manuals for recommended systems, procedures and methods
- Information Technology Strategy
- Identification of Information needs of each functional area
- Advise on application software solutions for business needs
- Commercial evaluation of hardware and networking options
- Implementation and Training on the proposed Information Systems
- Organization of the Information Systems Department
- Software development and implementation
- Public systems
- Advise on municipal services, power, water and health services to Central and State governments, municipal bodies, co-operatives and International Funding agencies
Overview (Tax Law):
- Taking the right approach
When today's tax issues are so complex, and the world's markets are so closely inter-connected, companies need tax advisors with the skills and adaptability to help guide them in a variety of different circumstances.
Asif Associates's approach to tax issues reflects the various needs and ambitions of our firms' clients'. Whether advising on the tax aspects of a cross-border acquisition or completing a personal tax return, we know that no two tax situations are ever quite the same.
What we do
Our tax input is delivered through a number of global service lines. These include:
- Business Tax , which advises on aspects of managing the corporate tax burden
- Indirect Tax , which addresses our network's clients' indirect tax issues on both a national and cross-border basis
- Personal Tax , which helps individual taxpayers achieve effective tax compliance and planning.
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