BRIEF PROFILE OF THE FIRM
Few Words About Our Company
Kreston Hyder Bhimji & Co. Chartered Accountants (The Firm) was established in 1971 with offices in Karachi and Dacca. Presently, the firm has its operational offices in Karachi, Lahore, Islamabad and Faisalabad.
Owing to the nature of work and to maintain quality, the firm has been divided into the following six (6) divisions:-
Audit and Assurance
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Taxation
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Corporate Affairs
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Consultancy
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Digital Assurance
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Quality Assurance
These divisions work independently under the overall supervision of Partner in-charge and are headed by a divisional in-charge.
Global Partner
International Affiliation
The Firm is a member of Kreston International since 1985, a cohesive network of 170 firms in 120 countries that is home to more than 22,000 dedicated professionals and provides access to top-quality advice and exceptional service wherever in the world you happen to do business. Founded in 1971, Kreston is currently the 13th largest accounting network in the world. All its members know their local regulations and customs inside out. Combine that with their solid reputation and a commendable contact book, there is no doubt that Kreston can give your business a competitive edge. Kreston’s member firms comply with the professional standards appropriate to their respective countries and adhere to the following international standards:
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International Standards on Quality Control
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International Standards on Auditing for the conduct of transnational audits
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Code of ethics as issued by the IESBA
Quality Control Rating By ICAP
The Firm has been assigned a satisfactory rating under the Quality Control Review program of the Institute of Chartered Accountants of Pakistan (ICAP) while rated “Good” under Audit Compliance review of the ICAP which are the pre-requisites for appointment of Auditors by a listed or large sized entity, financial institution, Securities and Exchange Commission of Pakistan (SECP), Government agencies and other businesses of repute in Pakistan.
Entitlement of "A" Category With
STATE BANK of PAKISTN
The Firm has been recognized in category “A” by the State Bank of Pakistan vide BSD Circular No. 49 dated December 21, 2020 (date of inception of A, B, C categories) that makes it eligible for appointment not only as a Statutory Auditor, but for other special assignments including fraud examinations of Large Banks and Financial Institutions., Insurance Companies and Modarabas
Other Recongnitions
The firm is also on the panel of all major institutions such as the following:
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"A" category in the SECP panel of Auditors for Insurance Companies
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SECP panel of Auditors for Modarabas.
The Firm has also been recognized by the World Bank as “competent” to undertake audit and accounting work and render consulting services to projects financed by the World Bank.
