Audit & Assurance

UK based CA firms outsourced their strategic audits of following public listed, private and public limited companies to us, as they wanted 100% compliance of International Auditing Standards (ISA).

With our extensive audit experience from world’s top Audit firm including KPMG, we commence assignments starting form initial requisition of data covering every aspect, followed by planning, execution, reporting, completion, correspondence and submission of fully complied audit working paper file on auditing software to clients, in case client don’t have audit software we deliver audit assignments on MS Excel meeting all aforesaid quality compliance requirements. We also assist in preparing financial statements with full disclosures as required by IAS & IFRS. Our audit files always pass quality assurance reviews that had built our strong reputation and client base.

UK GAAP and Narrative Reporting

Financial reporting in the UK has seen the introduction of several new UK GAAP frameworks and regular up-dates to the laws, regulations and guidance that govern narrative reporting.

Whichever accounting frameworks your business adopts, at Le Supreme Experts we have the skills and expertise to deliver support and advice on the first time adoption of new standards and amendments or on transaction-specific accounting treatments.

FRS 100 sets out the financial reporting requirements for UK and Republic of Ireland entities. It also identifies whether entities must or can elect to produce their consolidated or individual financial statements in accordance with one of four frameworks. The four frameworks are:

• Discover EU-adopted IFRSs
• FRS 101 – A standard for the individual accounts of a qualifying entity which uses the recognition and measurement rules in IFRSs but includes reduced disclosures
• FRS 102 and FRS 103 - The core of UK GAAP, providing a concise and simplified accounting framework for companies including reduced disclosure frameworks for small companies and qualifying entities
• FRS 105 – A standard for micro entities

FRS 100 does not extend the mandatory application of EU-adopted IFRSs beyond the current requirement of the IAS Regulation or market rules.

All the options above, with the exception of EU-adopted IFRSs are 'Companies Act' and UK GAAP accounts.

Other Assurance Services

We assist our clients with a number of non-statutory audit assignments and specific reviews. Specialist teams tailor these audit services to provide you with the best possible audit for your particular needs. Our Assurance services include:

• • Agreed upon procedures
  • Covenant reviews
  • Pensions scheme assurance services
  • Regulatory reporting

• Royalties

We’re experienced in conducting audits in compliance with Canadian Auditing Standardsto ensure that the financial statements of the entities are papered as per applicable financial reporting framework such as:

• International Financial Reporting Standards (IFRS)
• Accounting Standards for Private Enterprises (ASPE)
• Accounting Standards for Not-for-profit organizations (NFPOs)
• Pension Plans under CPA Canada Handbook Section 4600
• Public Sector Accounting Standards (PSAS)

We’re experienced in conducting audits in compliance with AICPA, PCAOB, IASB, and SEC Standards for a wide range of businesses, including:

• Companies listed on the New York Securities Exchange
• Large companies, LLC, Corporation, family owned enterprises
• Companies listed on overseas markets
• Entities registered under the as Not-for-profits Organizations
• Managed Investment Schemes

We’re experienced in conducting audits in compliance with International Standards on Auditing (ISA) as issued by the Institute of Chartered Accountants of Pakistan (ICAP) and ythe requirements of securities Exchange Commission of Pakistan. We ensure that the Financial Statements complies with following financial reporting standards as applicable to respective entity:

• International Financial Reporting Standards (IFRS)
• International Financial Reporting Standards for Small and Medium Sized Entities (IFRS for SMEs)
• Accounting Standards for Small Sized Entities issued by the ICAP (ASSSE)
• Accounting Standards for Non-profit organizations (NPOs)
• Directives and Provisions issued by the SECP including code of corporate governance for public listed companies

We have audited listed companies, public companies, private companies, partnerships and sole-proprietorships representing different industries stretching from:

Development and Construction

Natural Resources

Independent Power Producers

Financial Services

Banks

Manufacturing and Production

Trading

Travelling and Airport services

Telecommunication

Hospitality

Educational

Non-Profit Organizations