Assurance services

Specialized Industry Audits: Manufacturing, NGO, Energy and Construction

Industry audits apply auditing standards to the specific accounting, regulatory and operational risks of a sector, such as cost accounting in manufacturing, donor compliance in NGOs or regulatory reporting in oil and gas. WDS combines ISA methodology with sector knowledge so that reports satisfy both auditors and regulators.

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Engagement partner

Waqas Aslam, ACA, Audit and Assurance partner at WDS Chartered Accountants

Waqas Aslam, ACA

Founding Partner · Audit and Assurance

+92 321 441 1784

What does a manufacturing cost audit examine?

A cost audit verifies that cost records are maintained properly and that product costs, overhead absorption and inventory valuation are reasonable. For manufacturers it also reveals where margins are lost through wastage, idle capacity or poor pricing.

How are NGO and donor-funded projects audited?

Donor-funded projects usually need a special purpose audit that reports on whether funds were spent in line with the grant agreement, alongside the organisation's annual statutory audit. We are familiar with the reporting formats used by major bilateral and multilateral donors and with SECP requirements for section 42 companies.

What are the audit risks in construction and real estate?

Construction contracts involve revenue recognised over time under IFRS 15, variations and claims, retention balances and long-term subcontractor arrangements. We test percentage of completion estimates and contract costs project by project.

Do you support OGRA-regulated energy businesses?

Yes. Oil marketing companies, LPG distributors and other businesses licensed by the Oil and Gas Regulatory Authority must meet specific reporting and record-keeping requirements. We provide statutory audits and compliance reviews tailored to those requirements.

How does the specialized industry audits engagement process work at WDS?

Every engagement follows a defined sequence agreed in the engagement letter, so you always know what happens next and who is responsible.

  1. 1

    Sector risk mapping

    Regulatory and accounting risks specific to your industry.

  2. 2

    Tailored programme

    Audit procedures designed around those risks.

  3. 3

    Fieldwork on site

    Plant, project or programme visits where needed.

  4. 4

    Reporting

    Statutory and regulator or donor formats.

Where we provide specialized industry audits

We deliver this service from our Lahore office to clients in the following cities. Each location page explains the local regulators, industries and how we work there.

Related services

Clients who use this service often combine it with the following, all coordinated by the same engagement partner.

Specialized Industry Audits: frequently asked questions

Do you visit factories and project sites?

Yes. Physical verification of inventory, plant and project progress is an important part of industry audits, and we schedule site visits as part of fieldwork.

Can you prepare audit reports in a donor's own format?

Yes. We follow the terms of reference and report templates specified in the grant agreement.

Your first consultation is free.

A partner will review your requirements and outline a clear path forward. No sales pitch, no obligation.

Book a consultation +92 321 441 1784