ICAP Registered Audit Firm · Suite 27, Sadiq Plaza, Mall Road, Lahore
ISA-compliant statutory and external audits led by Big 4-trained partners. Thorough, independent, and filed ahead of every deadline.
WDS Chartered Accountants
ICAP Registered Firm
Waqas Aslam, ACA
Audit and Assurance
Danish Abid, ACA
Financial Reporting
Sakhawat Ali, ACA
Taxation and Regulatory
Umar Farooq, ACA
Insurance and IFRS 17
Credentials
Registered under ICAP Ordinance 1961
Recognized Audit Firm.
Trusted Across Pakistan.
W.D.S Chartered Accountants is a recognized audit firm registered in Pakistan under the ICAP Ordinance 1961, authorized to conduct statutory and external audits under International Standards on Auditing across all industries.
Our four partners collectively carry over 38 years of experience from Deloitte Pakistan, Deloitte KSA, EY, KPMG, and Nexia International — with engagements spanning Pakistan, Saudi Arabia, Qatar, the United Kingdom, and Ireland. That depth is applied to every client engagement, regardless of size.
ICAP Registered and ISA Authorized
Registered under the ICAP Ordinance 1961 and authorized to conduct statutory and external audits under International Standards on Auditing across all industries in Pakistan.
Partners Trained at Big 4 and Internationally Recognized Firms
All four partners hold direct experience from Deloitte Pakistan, Deloitte KSA, EY, KPMG, and Nexia International. That institutional foundation shapes every engagement we take.
Depth Across Audit, Tax, and Advisory
From audit planning and risk assessment through finalization, tax compliance, SECP filings, and ongoing CFO advisory, we cover the complete financial management cycle.
ICAP Audit Quality Contributor
Our partners contributed directly to ICAP's APRSP quality review function, helping strengthen governance, financial controls, and reporting standards across the profession.
From statutory audit to outsourced CFO, we cover the full spectrum of audit, tax, financial reporting, and advisory services that Pakistani businesses need.
Statutory, External and Internal
Statutory and external audits under ISA. Internal audits on an outsourced or co-sourced basis, due diligence reviews for acquisitions, and agreed-upon procedures engagements.
IFRS-Based Financial Statements
Preparation of financial statements under IFRS and applicable local GAAP. IFRS 9 ECL model implementation, complex accounting advisory, management accounts, and fixed asset reviews.
Corporate Tax and FBR Compliance
End-to-end corporate and sales tax compliance, tax planning, and direct representation before the Federal Board of Revenue for disputes, audits, and appeals.
ICFR, SOPs and Fraud Risk
Internal control reviews aligned to ICFR standards, risk assessment frameworks, SOP and policy development, fraud risk management, and business process improvement.
Outsourced CFO and Strategic Finance
Outsourced CFO services, budgeting and forecasting, cash flow management, financial feasibility studies, business valuations, and cost optimization.
SECP Filings and Governance
Company incorporation with SECP, corporate secretarial services, regulatory filings, shareholding structuring, and corporate governance advisory.
Accounting Systems and Automation
Implementation and support for QuickBooks and SAP B1, ERP selection assistance, process automation, and financial data analytics and dashboard development.
Manufacturing, NGO and Oil and Gas
Industry-specific audit and advisory for manufacturing cost audits, construction project accounting, OGRA compliance, and statutory audits for NGOs.
Payroll, Zakat and Bank Certifications
Payroll processing and HR compliance reviews, Zakat and charity audits, agreed bank certifications, and preparation of net worth statements for visa or financial purposes.
Not sure which service applies to your business?
A partner will assess your situation at no cost and with no obligation.
WDS provides quality review consulting to audit firms seeking QCR ratings from ICAP or ACCA. Our partners served inside the ICAP Audit Quality Review function and on Deloitte's Global Practice Review team — giving us direct knowledge of what reviewers assess.
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.
Deloitte Pakistan
Pakistan
Deloitte Saudi Arabia
Saudi Arabia
Deloitte Qatar
Qatar
Nexia International
Pakistan
ACCA Firm (est. 1973)
Ireland
ACCA Firm (est. 1995)
United Kingdom
Firms marked with † previously received unsatisfactory ratings. Client identities are confidential.
Also Reviewed During ICAP Partner Tenure
WDS delivers audit, advisory, and quality review engagements across multiple continents. Our services are built on IFRS and ISA standards that apply worldwide, and our partners carry direct international engagement experience.
Confirmed Engagements
HQPakistan
South Asia
Primary Operations
Lahore headquarters. Full delivery across all nine service lines including statutory audit, corporate tax, SECP, and CFO advisory.
Saudi Arabia
Middle East
Audit Quality Review
Supported Deloitte KSA in files reviewed under the Deloitte Global Practice Review.
Qatar
Middle East
Audit Quality Review
Supported Deloitte Qatar in files reviewed under the Deloitte Global Practice Review.
United Kingdom
Europe
ACCA QCR Support
Assisted an established UK firm (est. 1995) in achieving a satisfactory ACCA quality control rating.
Ireland
Europe
ACCA QCR Support
Assisted one of Ireland's oldest ACCA firms (est. 1973) in securing a satisfactory quality control rating.
Advisory Services — Worldwide
IFRS and ISA standards are international. So is our advisory practice.
Clients in any jurisdiction can engage WDS for IFRS reporting consultation, audit methodology advisory, and quality review support on a remote or on-site basis.
United Arab Emirates
United States
Canada
Australia
Germany
Netherlands
Singapore
Bahrain
Kuwait
Oman
Jordan
Egypt
India
New ZealandEvery sector has its own regulatory obligations, reporting frameworks, and compliance risks. Our team has direct, hands-on engagement experience across eight key industries in Pakistan.
Cost audits, inventory verification, and ICAP-compliant statutory filings for manufacturing entities of all sizes.
Project-based accounting, revenue recognition under IFRS 15, and statutory compliance for contractors and developers.
Sales tax compliance, stock audits, and distribution channel financial reviews for trading businesses.
OGRA compliance advisory, sector-specific statutory audits, and regulatory reporting for the energy sector.
Donor-compliant audit reports under ISA, grant utilization reviews, and statutory filings for civil society bodies.
IFRS 9 ECL model implementation, regulatory capital reviews, and compliance audits for banks and NBFIs.
Company incorporation with SECP, investor-ready financial statements, and tax planning from day one.
Statutory audits, transfer pricing advisory, and regulatory compliance for hospitals and pharmaceutical companies.
Operating in a sector not listed above? We work across any regulated industry in Pakistan.
Talk to a PartnerFrom the first call to the final report and beyond, every step is partner-led. No handoffs to juniors on work that matters. No surprises at invoice time. The same rigour you would expect from a Big 4 firm, at the scale that works for you.
We begin with a no-obligation call to understand your business, regulatory position, and specific requirements. A partner joins every initial meeting personally.
A clear engagement letter defines the scope, deliverables, timeline, and fee structure. Everything is agreed before any work begins.
Structured engagement planning in line with ISA requirements. We identify risk areas and tailor the approach to your specific business environment.
Thorough fieldwork, documentation, and preparation of the final audit report, tax filing, or financial statements. All work is reviewed by the responsible partner before issue.
The relationship does not end with a report. We stay available for FBR queries, regulatory updates, compliance reviews, and strategic financial guidance throughout the year.
Every engagement is governed by a signed letter that specifies exactly what we will deliver, when we will deliver it, and what it will cost. There are no surprises.
Start with a Free CallWhen you bring a matter to WDS, a qualified partner handles it personally. No unsupervised juniors. No rotating contacts. The same person you met is the person who does the work.
Founding Partner
Audit and AssuranceOver 10 years of progressive experience in audit and assurance, including 4.5 years at Deloitte in Lahore and KSA, nearly 2 years in ICAP's Audit Quality Review function, and 1 year at EY. Has led statutory audits, review engagements, and special purpose audits across diverse industries. Also provided quality review support to ACCA-registered audit firms in Ireland and the United Kingdom.
Founding Partner
Financial ReportingAssociate Member of ICAP with over 10 years of external audit experience with Deloitte and Nexia International in Pakistan and Qatar. Proficient in ISA-based audits, quality control under ISQC 1 and ISQM, and IFRS financial reporting. Has supported QCR processes at Deloitte Qatar and Nexia International, and provided quality review support to ACCA-registered firms in Ireland and the UK.
Founding Partner
Taxation and RegulatoryOver 10 years of diversified experience in taxation, corporate compliance, audit, and assurance across multiple sectors in Pakistan. Well-versed in the Income Tax Ordinance 2001, Companies Act 2017, SECP regulations, and IFRS reporting. Has led complex tax and regulatory engagements with FBR and SECP and contributed to audit quality enhancement under APRSP at ICAP.
Partner
Insurance and IFRS 17Over 8 years of experience in financial accounting and auditing with Deloitte and KPMG Lahore. Deep specialization in the insurance sector, including IFRS 17 implementation and compliance. Also focuses on bookkeeping, internal control improvement, and financial reporting across various industries.
All four partners are Associate Members of the Institute of Chartered Accountants of Pakistan.
“WDS handled our statutory audit with a level of rigor we had not seen before. They identified gaps in our internal controls that had gone unnoticed for years. The audit report was thorough, professionally prepared, and filed ahead of the deadline.”
Ahmad R.
CFO · Manufacturing Company
Lahore
From advance tax payments and withholding obligations to Annual Return filings with FBR, this guide walks through the full corporate tax compliance cycle under the Income Tax Ordinance 2001.
The Expected Credit Loss model under IFRS 9 requires banks, microfinance entities, and NBFIs to estimate forward-looking losses. We cover staging criteria, data requirements, and the disclosures regulators expect.
Annual return filing, statutory accounts submission, changes in directors, and shareholding updates all carry filing deadlines. Here is a practical compliance checklist every Pakistani private company needs.
Straightforward answers to the questions we hear most often from new clients and prospective partners.
Yes. WDS Chartered Accountants is a recognized firm registered in Pakistan under the Institute of Chartered Accountants of Pakistan Ordinance 1961. We are authorized to conduct statutory and external audits in accordance with International Standards on Auditing. All three founding partners are Associate Members of ICAP.
We conduct statutory audits as per ICAP requirements, external audits, internal audits on an outsourced or co-sourced basis, due diligence reviews for acquisitions and investments, agreed-upon procedures engagements, special purpose audits, stock and inventory verification, and forensic audits and investigations.
Yes. Our taxation partner Sakhawat Ali has direct experience representing clients before the Federal Board of Revenue for tax disputes, audits, and appeals under the Income Tax Ordinance 2001. We also handle SECP filings, corporate secretarial matters, and regulatory compliance under the Companies Act 2017.
Yes. Our financial reporting partner Danish Abid has specific experience implementing IFRS 9 Expected Credit Loss models for financial institutions. This includes setting up staging criteria, defining forward-looking inputs, calculating provision requirements, and preparing the required disclosures in financial statements.
We have direct engagement experience across manufacturing and industrial, construction and real estate, retail and distribution, oil and gas with OGRA compliance, NGOs and donor-funded organizations, financial services and NBFIs, technology companies and startups, and healthcare and pharmaceuticals. If your sector is not listed, contact us and we will advise on whether we have relevant experience.
An agreed-upon procedures (AUP) engagement is a type of assurance engagement where we carry out specific procedures that you and any relevant third parties have agreed upon in advance. We report factual findings from those procedures without expressing an opinion or conclusion. AUP engagements are common in due diligence, grant compliance reviews, and lender reporting requirements.
Our outsourced CFO services cover budgeting and annual planning, monthly management accounts and financial reporting, cash flow forecasting and management, KPI tracking and board reporting, financial feasibility studies, investor relations support, and coordination with external auditors, FBR, and SECP. The scope is agreed based on the specific needs of your business.
Our office is at Suite 27, 3rd Floor, Sadiq Plaza, Mall Road, Lahore. You can contact any of our three partners directly by phone or email. We serve clients across Pakistan and are available for in-person meetings, video calls, or site visits as required by the engagement.
Complete the form and a partner will respond within one business day. The initial consultation is free, confidential, and carries no obligation.
Office Address
Suite 27, 3rd Floor, Sadiq Plaza
Mall Road, Lahore, Pakistan
