ICAP Registered Audit Firm · Suite 27, 3rd Floor, Sadiq Plaza, Mall Road, Lahore
Assurance
Tax and Compliance
Advisory
Not sure where to start?
A partner will review your needs at no cost.
Free, confidential first consultation with a qualified chartered accountant.
Pakistan by province
All of PakistanChartered Accountants, Lahore
WDS Chartered Accountants is a Lahore-based firm led by four ICAP members trained at Deloitte, EY, KPMG and Nexia. Every engagement is run personally by a partner, from statutory audit and FBR matters to IFRS reporting and CFO advisory.
Waqas Aslam, ACA
Audit & Assurance
Danish Abid, ACA
Financial Reporting
Sakhawat Ali, ACA
Tax & Regulatory
Umar Farooq, ACA
Insurance & IFRS 17
Registered &
working under
W.D.S Chartered Accountants is a recognized audit firm registered in Pakistan under the ICAP Ordinance 1961. Our four partners bring more than 38 years of combined experience from engagements across Pakistan, Saudi Arabia, Qatar, the United Kingdom and Ireland.
We set up WDS to give Pakistani businesses what they rarely get: international-grade audit and advisory work, delivered by the same qualified chartered accountant who signs the report, at a fee structure that makes sense for growing companies.
Registered under the ICAP Ordinance 1961 and authorized to conduct statutory and external audits under International Standards on Auditing across all industries in Pakistan.
Our partners come from Deloitte Pakistan, Deloitte KSA, EY, KPMG and Nexia International. That methodology shapes every file we sign.
Partners served in ICAP's Audit Quality Review function and contributed to APRSP, so we know exactly what regulators look for.
The partners
Quality in every engagement.
Independence
Objective opinions you can put in front of banks, regulators and investors.
Accessibility
Direct lines to partners. No call centres, no rotating junior contacts.
Precision
Documented, reviewed, standards-compliant work, filed ahead of deadlines.
Associate Members of ICAP. Every partner is a qualified chartered accountant with direct Big 4 or international network experience.
From statutory audit to outsourced CFO, we cover the full cycle of audit, tax, reporting and advisory work that Pakistani businesses need, under one engagement partner.
Statutory, external, internal and special purpose audits under ISA.
A statutory audit is an independent examination of a company's financial statements, required by the Companies Act 2017, that ends with an auditor's opinion on whether those statements present a true and fair view.
What you receive
Statutory, external, internal and special purpose audits under ISA.
A statutory audit is an independent examination of a company's financial statements, required by the Companies Act 2017, that ends with an auditor's opinion on whether those statements present a true and fair view.
What you receive
Businesses usually choose between large network firms with premium fees and layered teams, or small practices without the depth. WDS was built to close that gap.
The chartered accountant you meet in the first call is the one who plans, reviews and signs your work.
Banks, donors, FBR and SECP get files prepared to the standard our partners used to review at ICAP and Deloitte.
Every engagement starts with a signed letter covering deliverables, timeline and fee. No surprise invoices.
Partner who runs your engagement
WDSA named ICAP partner, start to finish
Methodology
WDSBig 4-trained, ISA and ISQM 1 aligned
Audit quality review experience
WDSEx-ICAP AQR and Deloitte global review
Fee structure
WDSFixed, agreed in the engagement letter
Response time
WDSWithin one business day, from a partner
Audit, tax, SECP and CFO under one roof
WDSTen integrated service lines
| What matters | WDS Chartered Accountants | Typical large network firm | Typical small practice |
|---|---|---|---|
| Partner who runs your engagement | A named ICAP partner, start to finish | Partner signs; managers run fieldwork | Usually the proprietor |
| Methodology | Big 4-trained, ISA and ISQM 1 aligned | Global methodology | Varies widely |
| Audit quality review experience | Ex-ICAP AQR and Deloitte global review | Internal review teams | Rarely |
| Fee structure | Fixed, agreed in the engagement letter | Premium, hourly-rate driven | Low, scope often unclear |
| Response time | Within one business day, from a partner | Through account teams | Depends on capacity |
| Audit, tax, SECP and CFO under one roof | Ten integrated service lines | Across separate departments | Often outsourced |
Comparison reflects general market characteristics, not any specific firm.
Every sector carries its own regulators, reporting frameworks and risks. Our partners have hands-on engagement experience across eight key industries.
Cost audits, inventory verification and statutory filings for manufacturers of every size.
Project accounting, IFRS 15 revenue recognition and compliance for contractors and developers.
Sales tax compliance, stock audits and channel financial reviews for trading businesses.
OGRA compliance advisory, sector audits and regulatory reporting for energy companies.
Donor-compliant ISA audits, grant utilisation reviews and statutory filings.
IFRS 9 ECL, IFRS 17 for insurers, regulatory reviews and compliance audits.
SECP incorporation, investor-ready financials and tax planning from day one.
Statutory audits, transfer pricing advisory and regulatory compliance.
When you bring a matter to WDS, a qualified partner handles it personally. The person you meet is the person who does the work.
Audit and AssuranceFounding Partner
Audit and Assurance
Over 10 years in audit and assurance, including 4.5 years at Deloitte in Lahore and Saudi Arabia, nearly 2 years in ICAP's Audit Quality Review function, and 1 year at EY. Has led statutory, review and special purpose audits across diverse industries, and supported ACCA firms in Ireland and the UK through quality reviews.
Financial ReportingFounding Partner
Financial Reporting
Over 10 years of external audit experience with Deloitte and Nexia International in Pakistan and Qatar. Proficient in ISA-based audits, quality management under ISQC 1 and ISQM, and IFRS reporting. Supported QCR processes at Deloitte Qatar and Nexia International.
Taxation and RegulatoryFounding Partner
Taxation and Regulatory
Over 10 years across taxation, corporate compliance, audit and assurance. Well-versed in the Income Tax Ordinance 2001, Companies Act 2017, SECP regulations and IFRS. Has led complex FBR and SECP engagements and contributed to audit quality enhancement under APRSP at ICAP.
Insurance and IFRS 17We help audit firms prepare for and pass ICAP and ACCA quality control reviews. Our partners worked inside ICAP's Audit Quality Review function and on Deloitte's global practice review, so we know what reviewers test.
What we offer
QCR rating support
ICAP and ACCA
Audit file review
ISA compliance
IFRS standards consultation
Financial reporting
ISA consultation
Audit methodology
Audit file preparation
On behalf of firms
Initial assessment at no charge.
| Firm | Country | Reviewed by | Rating |
|---|---|---|---|
Deloitte Pakistan Pakistan | Pakistan | ICAP QCR | Satisfactory |
Deloitte Saudi Arabia Saudi Arabia | Saudi Arabia | Deloitte Global Review | Satisfactory |
Deloitte Qatar Qatar | Qatar | Deloitte Global Review | Satisfactory |
Nexia International Pakistan | Pakistan | ICAP QCR | Satisfactory |
ACCA firm (est. 1973) Ireland | Ireland | ACCA QCR | Satisfactory† |
ACCA firm (est. 1995) United Kingdom | United Kingdom | ACCA QCR | Satisfactory† |
† Firm previously held an unsatisfactory rating. Client identities are confidential.
Also reviewed during ICAP tenure
IFRS and ISA are global standards, and so is our experience. Clients in any jurisdiction can engage WDS for IFRS consultation, audit methodology advisory and quality review support, remotely or on site.
HQHead office · all service lines
Lahore headquarters delivering statutory audit, tax, SECP and CFO advisory nationwide.
Audit quality review
Supported Deloitte KSA on files reviewed under the Deloitte Global Practice Review.
Audit quality review
Supported Deloitte Qatar on files reviewed under the Deloitte Global Practice Review.
ACCA QCR support
Helped an established UK firm (est. 1995) achieve a satisfactory ACCA rating.
ACCA QCR support
Helped one of Ireland's oldest ACCA firms (est. 1973) secure a satisfactory rating.
“WDS handled our statutory audit with a level of rigour we had not seen before. They identified gaps in our internal controls that had gone unnoticed for years, and the report was filed ahead of the deadline.”
Ahmad R.
CFO, Manufacturing Company · Lahore
No handoffs to unsupervised juniors on work that matters, and no surprises at invoice time. The rigour you would expect from a Big 4 firm, at a scale that works for you.
A partner joins the first call personally to understand your business, regulatory position and requirements.
Scope, deliverables, timeline and fee agreed in writing before any work begins.
ISA-aligned planning. We identify risk areas and tailor the approach to your environment.
Fieldwork, documentation and reporting, with every file reviewed by the responsible partner before issue.
FBR queries, regulatory updates and strategic guidance for the rest of the year.
Every engagement is governed by a signed letter that states exactly what we deliver, when, and at what cost.
Start with a free callOur clients receive a tailored compliance calendar and reminders for every recurring filing that applies to their entity.
Monthly sales tax return and payment under the Sales Tax Act 1990 for registered persons.
Quarterly advance tax instalments for companies and eligible persons under section 147.
Statements of tax deducted or collected at source under section 165.
Audited financial statements laid before members at the AGM under the Companies Act 2017.
Annual return and audited accounts filed with the registrar within the statutory window.
Corporate, AOP and individual returns with wealth statements where applicable.
General guide only. Due dates depend on your entity type, tax year and any FBR or SECP extensions, so confirm with your engagement partner.
Tax year, return deadlines, advance tax instalments and withholding agent duties under the Income Tax Ordinance 2001, explained for company directors.
AGM timing, annual returns, filing of financial statements, director changes and beneficial ownership: what private companies must file with SECP and when.
Staging, significant increase in credit risk, forward looking scenarios and the disclosures auditors and regulators expect.
A partner will review your requirements and outline a clear path forward. No sales pitch, no obligation.
Yes. WDS is a recognized firm registered in Pakistan under the Institute of Chartered Accountants of Pakistan Ordinance 1961, authorized to conduct statutory and external audits under International Standards on Auditing. All four partners are Associate Members of ICAP.
Statutory audits under ICAP requirements, external audits, outsourced or co-sourced internal audits, due diligence reviews, agreed-upon procedures, special purpose audits, stock and inventory verification, and forensic audits and investigations.
Yes. Our taxation partner Sakhawat Ali represents clients before the Federal Board of Revenue in audits, disputes and appeals under the Income Tax Ordinance 2001. We also handle SECP filings, corporate secretarial work and compliance under the Companies Act 2017.
Yes. We implement IFRS 9 Expected Credit Loss models (staging criteria, forward-looking inputs, provisioning and disclosures), and our partner Umar Farooq specialises in IFRS 17 for insurance entities.
Fees are fixed and agreed in a signed engagement letter before work begins, based on the scope, complexity and timeline. The initial consultation is free and carries no obligation.
Budgeting and planning, monthly management accounts, cash flow forecasting, KPI and board reporting, feasibility studies, investor support, and coordination with external auditors, FBR and SECP, all scoped to your business.
Yes. We serve clients across Pakistan in person or remotely, and provide IFRS consultation, audit methodology advisory and quality review support to firms internationally, including in the UK, Ireland and the Gulf.
Tell us what you need and a partner will respond within one business day. Confidential, and with no obligation.
Partner-led response within one business day
Confidential discussion with a qualified CA
Fixed-fee proposal before any work begins
Speak to a partner directly
Waqas Aslam, ACA
Audit & Assurance
Danish Abid, ACA
Financial Reporting
Sakhawat Ali, ACA
Taxation & Regulatory
Umar Farooq, ACA
Insurance & IFRS 17
Head office
Suite 27, 3rd Floor, Sadiq Plaza
Mall Road, Lahore, Pakistan
Office hours
Monday to Saturday, by appointment
Saudi Arabia
United Arab Emirates
Qatar
United Kingdom
Ireland