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Chartered Accountants in Pakistan: Audit, Tax and Advisory Nationwide
WDS Chartered Accountants is an ICAP registered audit firm headquartered in Lahore that serves companies, NGOs and individuals in every province of Pakistan. Our partners handle statutory audits under ISA, federal and provincial tax compliance, SECP filings and CFO advisory for clients from Karachi to Peshawar.
How does the regulatory environment in Pakistan affect your finance function?
Tax compliance in Pakistan is split between the federal government and the provinces. Income tax and sales tax on goods are federal, but sales tax on services is collected by the province where the service is rendered. A company with offices in Lahore, Karachi and Islamabad can therefore deal with three different services tax regimes at the same time.
Every company registered with SECP must keep statutory books, hold an annual general meeting and file audited accounts, and most must appoint an ICAP registered auditor. Banks, donors and public sector buyers usually require audited statements as well.
Key regulators in Pakistan
- Institute of Chartered Accountants of Pakistan (ICAP)
- Regulates chartered accountants and audit firms under the ICAP Ordinance 1961.
- Securities and Exchange Commission of Pakistan (SECP)
- Registers companies and enforces the Companies Act 2017.
- Federal Board of Revenue (FBR)
- Administers income tax, federal sales tax on goods and customs.
- Provincial revenue authorities
- PRA, SRB, KPRA and BRA collect sales tax on services in their provinces.
- Audit Oversight Board (AOB)
- Oversees auditors of public interest companies.
Our services across Pakistan
Statutory and external audit
ISA compliant audits signed by an ICAP registered firm.
Audit and AssuranceFederal and provincial tax
FBR income tax, sales tax and all four provincial services tax regimes.
Tax Advisory and FBR ComplianceSECP corporate compliance
Incorporation, annual returns and governance filings.
Corporate and SECP ComplianceIFRS reporting
IFRS statements, IFRS 9 ECL and IFRS 17 for insurers.
Financial Reporting and IFRSOutsourced CFO
Budgeting, cash flow and investor reporting.
Outsourced CFO and Business AdvisoryInternal controls
ICFR reviews, SOPs and fraud risk.
Risk Advisory and Internal Controls
Chartered accountants by province and city
Punjab
- Chartered accountants in Lahore
- Chartered accountants in Rawalpindi
- Chartered accountants in Faisalabad
- Chartered accountants in Multan
- Chartered accountants in Gujranwala
- Chartered accountants in Sialkot
- Chartered accountants in Sargodha
- Chartered accountants in Bahawalpur
- Chartered accountants in Rahim Yar Khan
- Chartered accountants in Sahiwal
- Chartered accountants in Gujrat
- Chartered accountants in Sheikhupura
- Chartered accountants in Kasur
Working with WDS in Pakistan
Can a Lahore-based firm audit a company in Karachi or Peshawar?
Yes. ICAP registration allows a firm to conduct audits anywhere in Pakistan. Our team travels for fieldwork and inventory counts and handles the rest of the engagement remotely.
Which provincial authority collects sales tax on my services?
It depends on where the service is rendered: the Punjab Revenue Authority in Punjab, the Sindh Revenue Board in Sindh, the Khyber Pakhtunkhwa Revenue Authority in KP, the Balochistan Revenue Authority in Balochistan, and FBR for the Islamabad Capital Territory.
Your first consultation is free.
A partner will review your requirements and outline a clear path forward. No sales pitch, no obligation.