Integrity without knowledge is

weak and useless and knowledge

without integrity is dangerous
and dreadful......Samuel Johnson
----------Integrity
----------Objectivity
----------Confidentiality
----------Professional Behaviour
----------Professional Competence and Due
Care

IFAC's FUNDAMENTAL PRINCIPLES FOR

PROFESSIONAL ACCOUNTANTS

BEERBAL &
CO.
Chartered
Accountants
FIRM'S BRIEF PROFILE
Beerbal & Co.
Chartered Accountants

Table of Contents
Who We Are ............................................................................................................................................ 1
The firm today & tomorrow .................................................................................................................... 1
Our Vision................................................................................................................................................ 1
Our Mission ............................................................................................................................................. 1
Our Core Values ...................................................................................................................................... 1
Our Premier Team................................................................................................................................... 2
Partners/ Executive Directors: ................................................................................................................ 2
Mr. Ameet Kumar ........................................................................................................................... 2
Mr. Syed Muhammad Jawwad ....................................................................................................... 3
Miss. Kaukab Kamal ........................................................................................................................ 3
Mr. Faizan Baig ................................................................................................................................ 3
Muhammad Abdullah ..................................................................................................................... 3
Our Premier Services .............................................................................................................................. 4
1. Audit and Assurance ....................................................................................................................... 4
a) External Audit.............................................................................................................................. 4
b) Internal Audit .............................................................................................................................. 4
c) Special purpose Audits ................................................................................................................ 5
d) Agreed Upon Procedures ............................................................................................................ 5
2. Accounting and Software Solutions ................................................................................................ 6
a) Bookkeeping Services ................................................................................................................. 6
b) Financial Statements Preparation ............................................................................................... 6
c) Accounting Software Solutions ................................................................................................... 6
d) Payroll Processing ....................................................................................................................... 6
3. Taxation........................................................................................................................................... 7
a) Income tax................................................................................................................................... 7
b) Sales tax ...................................................................................................................................... 7
4. Advisory........................................................................................................................................... 7
a) Feasibility Report Preparation and financial modelling .............................................................. 7
b) Standard Operating Procedures and Manuals............................................................................ 8
c) Planning for Corporate and Group Structure ............................................................................. 8
d) Corporate Services ...................................................................................................................... 8
 Company Incorporation .......................................................................................................... 9
 Secretarial Compliances .......................................................................................................... 9
Beerbal & Co.
Chartered Accountants
5. Human Resource Services ............................................................................................................... 9
a) Employee selection ..................................................................................................................... 9
b) Training and staff Development ................................................................................................. 9
6. IT Audit ............................................................................................................................................ 9
7. Training and Workshops ............................................................................................................... 10
8. Legal Consultation for Family and Civil Issues .............................................................................. 10
9. Other Services ............................................................................................................................... 11
10. Clienteles................................................................................................................................... 11
11. Keep Yourself Informed ............................................................................................................ 11
12. Contact us ................................................................................................................................. 11
Beerbal & Co.
Chartered Accountants

Who We Are
Beerbal and Co. is a Chartered Accountant firm, providing wide
range of services which includes Accounting, Financial Reporting,
Advisory, Taxation, Software Implementations and Corporate
compliance etc. Founder of the firm is Mr. Beerbal Mal.

The firm has the history of over five years of successful operations
since 2014 with very few clients but Beerbal and Co. through its
utmost dedication and commitment towards providing quality service to its client. Consequently, our
clients not only turned into satisfied patrons but also advocates the firm which accelerated BEERBAL
& Co. growth. We believe that this growth was made possible by the firm's culture, which instils a
commitment to the principle tenets upon which this profession was built value, relationships and
integrity.

The firm today & tomorrow

BEERBAL & Co. was getting excellent response from all business sectors therefore it is decided to
transform its status from consultancy firm into Chartered Accountant firm in 2017; this lead the firm
to expand its scope of services to assurance and advisory, taxation advisory and compliance, corporate
compliance, management/ financial consulting and information technology. This transformation of
BEERBAL & Co. is welcomed by our clients with open arms who have really appraised us in this regard.

Cumulative knowledge of our professionals about different sectors help us to provide exceptional
value adding services to our clients.

Our Vision
“To become a renowned firm all over the globe, recognised by our superior service, intellect,
integrity and commitment towards profession”

Our Mission
“To provide effectual service to our clienteles, addressing the want of todays dynamic
atmosphere, thus meeting our promise of excellence”

Our Core Values

• Honesty and truthfulness
• Secrecy of information
• Continuous learning
• Taemwork and coordination
• Supportive environment for individual progress

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Beerbal & Co.
Chartered Accountants

Our Premier Team

Our team includes Chartered Accountants, Certified Public
Accountants, Cost and Management Accountants, Tax Practicing
Lawyer, Intuit QuickBooks and Microsoft Dynamics Certified
Professionals from group of big professional firms. Therefore, we
possess the necessary competence to provide quality service to our
range of clients.

At Beerbal and Co. we have maintained a proper mix of thirty five individuals who bring diverse culture
and values and fits with the overall aim of the firm to be result-oriented in challenging and fast-paced
environments. We are well organized and flexible, self-motivated while following honesty, integrity
and making upright relationships amongst ourselves as well as with our respected clients. Our strength
is our staff who are always motivated to Grow through learning.

We are an equal opportunity provider and do not discriminate on basis of age, gender, religion or
caste.

Founder Of The Firm is Mr. Beerbal Mal who is qualified Chartered Accountant, member PIPFA and
M.A Economics with over 15 years of experience within the domain of accounts and finance. He is also
a member of Karachi Tax Bar Association, Karachi Chamber Of Commerce, licensed Income tax
Practitioner and licensed e intermediary as SECP regulations. He has also attended Directors training
program as conducted by ICAP. He completed his mandatory training prescribed for Chartered
Accountants from Deloitte. Yousuf Adil. Apart from his regular responsibilities, he has also worked as
Trainer of Deloitte audit methodology at Deloitte Pakistan and was also part of IFRS expert team.
During his association with Deloitte, he has accumulated varied experience as per the requirements
of every industry. Also worked internationally in Qatar, Bahrian and Saudia Arabia at different clients
while in Deloitte and otherwise.

The firm is growing at a larger pace under the leadership of Mr. Beerbal Mal, who have inculcated the
ability in our team to see both the business and technical side of the situation, also advocates a
problem-solving attitude towards client combined with open and constructive communication so that
our firm not only provide service but also add worth at every stage of serving clients.

Partners/ Executive Directors:

Mr. Ameet Kumar
Mr Ameet Kumar is CPA and CA affiliate from ICAP, has completed his mandatory training from
Deloitte, Yousuf Adil. He has gathered varied experience of industry and practice while in Audit and
thereafter. Eagerly involved in Client Advisory and Assurance, his approach is very well defined and
helpful for the firm, believes in obtaining first hand information from the client, obtain in depth
applied knowledge of business and then proceed and manage the client systemically so that he can
better serve and manage client. He is best in keeping a balance in work life and advocates open and
straight forward communication with client so that every chance to serve client never remain
unturned.

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Beerbal & Co.
Chartered Accountants

Mr. Syed Muhammad Jawwad

Mr. Syed Muhammad jawwad is a member ICMAP serving Tax and Corporate clients of different
commerce and planes for more than a decade He is renowned Income tax practitioner and a member
of Karachi tax bar association. Under his leadership, the Firm has a prominent taxation services
practice and provides a complete and comprehensive range of services in taxation, both for direct as
well as indirect taxation covering clients ranging from small and newly incorporated businesses to high
net worth individuals and companies seeking tax advices and tax planning.

Miss. Kaukab Kamal

Miss Kaukab Kamal is ca affiliate from Institute of Chartered Accountants of Pakistan and CPA. She
brings with her 7 years’ experience of auditing and assurance from Deloitte Pakistan. She also worked
in industry and involved in implementing the tax and compliance department at various clients.

Mr. Faizan Baig

Mr Faizan Baig is the founder of Conductivity, an initiative to bring sanity to career decision in youth,
and to contribute to the talent Management at national level.

He brings with him an experience of more than Twelve years in Human Resource Management of
services, trading and manufacturing concerns. He has been working leading professional services Firm
in Pakistan as a Manager for Human Capital Consulting & International Mobility, as well as recruitment
and Organization Development Specialist in one of the leading conglomerates in KSA, consisting of
Trading, manufacturing and Engineering companies.

He holds MBA in HRM from SZABIST, and BBA (Hons.) in Marketing Management from BIMCS, Karachi.

Muhammad Abdullah
Abdullah was instrumental in developing IT Audit section of Deloitte’s Pakistan office in 2005. He
managed review of General Computer Controls (GCC) and Business Cycle Controls (BCC) of various
clients in Oil & Gas, Energy, Financial, FMCG etc. He has also managed various IT related engagements
including IT security reviews, BCP/ DRP etc. Abdullah worked in internal audit department of Pakistan
Stock Exchange (PSX) where he later become the Head of Internal Audit looking after both IT and
operational of audits of PSX. He also has extensive experience of management of Software
Development Project.

He holds Masters in Computer Science and CA Intermediate.

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Beerbal & Co.
Chartered Accountants

Our Premier Services

1. Audit and Assurance

Audit is not just a formality to fulfil a legal requirement; it is a necessity to shield business and
encourage it to thrive. We strive for early issue identification, open communication and pragmatic
resolution are the essential features of the approach adopted by our firm.

a) External Audit
We initiate through understanding our client’s businesses and its requirements. The firm's audit
philosophy is based on focusing to those areas that have the most potential for causing material
misstatements i.e. Risk Based Audit Approach. The firm is conducting mandatory audit of Companies
as required by the Companies Act 2017. These audits are conducted in accordance with International
Standards on auditing (ISAs) as issued by International Federation Of Accountants. We make sure that
our audit is effective and efficient with proper planning of nature, timing and extent of audit
procedures. For this purpose, we use modern audit techniques and adequate professional compliance
with quality control standards to carry out our audit.

We believe the statutory audit should be viewed as an opportunity to develop, not an overhead.

We also ensure to provide High End quality service to client, Therefore, in every major audit additional
independent reviewer is included to review and recommend any changes in audit approach if needed.
In addition, our audits are carried out by implementing the audit manual of the Institute of Chartered
Accountants of Pakistan (ICAP).

Separate from audit report we also report to our clients accounting and internal control issues
identified during audit in the form of Letter to Board of Directors or Management Letter stating
recommendation for dealing with key aspects of the issues. Such reports assist client management in
establishing effective and proactive internal control environment.

b) Internal Audit
As businesses grows further and further,
the need of effective internal control and
Control Environment become essential to
manage the business. The stated
objectives of any organization can only be
achieved by adopting a systematic
methodology for business processes,
procedures and activities with the goal of
highlighting organizational problems and
recommending solutions through our
internal audit procedures and reports.

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Beerbal & Co.
Chartered Accountants

Our scope of internal auditing within an organization is broad and involve efficacy of operations, the
reliability of financial reporting, deterring and investigating fraud, safeguarding assets, and
compliance with laws and regulations.
Our methodology has following six steps:
1. Defining the engagement
2. Developing the risk model and universe
3. Developing the audit plan
4. Designing of audit project work plan
5. Execution of audit project work plan
6. Delivery of results and insights

This approach offers a cost-effective business solution that combines a proven methodology and
technologies to improve the way you monitor risks, assess controls, and develop solutions to achieve
your business objectives.

However, we also tailor our strategic approach to help our clients identify and understand specific
operational and financial risks; to define the level of risk the client is willing to accept; and to identify
and focus on the opportunities available.

c) Special purpose Audits

In addition to statutory audit the firm is also conducting special purpose audits particularly for
submission of financial statements to various authorities. These audits may be for various purposes
such as loan approvals, investors requirements, fund remittance etc.

Our staff includes professionals who are experienced in performing audits of Banks, DFIs and Leasing
Companies engaged in providing loans and other credit facilities to their customers. We are well
versed with Prudential Regulation requirements with regards to Audited Financial Statements of
prospective borrower which needs to be submitted along with LAF (Loan Application Form) to
bank/DFI. We are very well versed of credit risk associated with these facilities. Considering this we
design our audit procedures to assess and evaluate borrower's ability to continue as going concern
and honour its obligation in accordance with agreed terms towards bank. Apart from this we ensure
specific disclosures are included in financial statements with regards to lien/mortgage/pledge etc. on
borrower's assets and contingent liabilities which can assist Credit Division of bank to calculate
exposure as per guidelines of the Prudential Regulation of the Banks.
Our audit methodology focuses efforts on those areas of financial statements which represent the
greatest risk. This risk-based audit approach enables us to do effective audit and does not result in
excessive audit work thus efficiency is also achieved. Thus, we are able to manage both lenders and
borrowers to their entire satisfaction.

d) Agreed Upon Procedures

This is the nature of engagement in which the entity and the appropriate third parties have agreed on
certain procedures and outcomes. As an auditor, we have to carry out those procedures as agreed
between the two parties and to report on factual findings. The recipients of the report form their own
conclusions. The report is restricted to those parties that have agreed to the procedures to be
performed since others, unaware of the reasons for the procedures may misinterpret the results.

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Beerbal & Co.
Chartered Accountants

2. Accounting and Software Solutions

The finance and accounting processes of businesses are getting complex and challenging with more
and more regulatory pronouncements and standards coming into effect. Corporates are outsourcing
various finance and accounting processes with a view to streamline respective processes and obtain
consistency, uniformity and stronger controls. Thus, it offers the following benefits:

▪ Professional and qualified accountants

▪ Guaranteed privacy and confidentiality
▪ Complete transparency of the process
▪ Cost Effective

a) Bookkeeping Services
We provide the following services:
 Transaction processing,
 General ledger Maintenance,
 Accounts receivable and Ageing,
 Accounts payable,
 Fixed assets accounting,
 Inventory management,
 Invoicing, collection, reconciliation statements,
 Cash flow management and cash forecasting.

b) Financial Statements Preparation

Financial Statements preparation in accordance with International Financial Reporting Standard (IFRS)
and Companies Act 2017.

c) Accounting Software Solutions

We possess excellent expertise in accounting and bookkeeping services, we have QuickBooks
Certified Professional and the firm specialize in servicing small and medium sized businesses.

d) Payroll Processing
Maintaining payroll happens to be one of the most time consuming and costly tasks of any business
operation. Outsourcing payroll processing services to us will enable you to minimize your routine tasks
at an affordable cost. Our payroll processing services are cost-effective. If you wish to avail our cost
effective and professional payroll processing services, simply contact us with your requirements and
we will provide a solution that best meets your needs.

Payroll processing involves the following services:

▪ Appropriate calculation and withholding of taxes;
▪ Calculation of payroll taxes to be paid by employer;
▪ Filing of payroll reports;
▪ Depositing of withheld amounts with tax authorities;
▪ Printing and filing of year-end employee tax documents with tax authorities such as Income
Tax Return; and

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Beerbal & Co.
Chartered Accountants
▪ Maintenance of Individual employee’s control account (historical record of advances against
payroll, deductions, liabilities, benefits, bonuses etc.)

3. Taxation
To become a compliant business and law-abiding citizen of any country, payment of various types of
taxes for smooth running of the economy, is essential. In the recent past, it is observed that there are
so much improvement in tax laws which have led to the need to keep the staff of any organization
informed in order to avoid cumbersome monitoring requirements and penalties on our clients. We
believe in constant contact with client to keep them informed and let them handle any requirements
which arise during doing businesses or otherwise.

a) Income tax
In direct taxation, the firm’s services cover all aspects of income tax and other direct taxes. The
services include:
• Tax registration
• Tax planning and strategy development
• Obtaining confirmations, clarifications and permissions from the tax authorities
• Preparation and filing of tax return
• Handling tax audits
• Finalization of tax assessments and undertaking representations, objections, and appeals
• Employees income tax including designing efficient compensation structure for employees;
and
• Filing of withholding tax statements.

b) Sales tax
In indirect taxation the firm provides comprehensive advisory service in the field of sales tax which
includes:
• Tax registration;
• Implementing the sales tax system i.e. sales tax invoices and records keeping
• Filing of monthly sales tax returns;
• Undertaking representations, objections and appeals; and
• Obtaining exemptions and concessions; wherever applicable.

We ensure that our clients get the most beneficial tax treatment whilst complying with complex
requirement of the tax regulations.

4. Advisory
Our value-added offerings of various Advisory services including Accounting, Financial, Transaction,
Corporate Advisory, Training and Management Consulting enable our clients to run their businesses
ingeniously and benefit from astute insights generated.

a) Feasibility Report Preparation and financial modelling

Financial modelling has a key role to play in making business decisions provided the models are based
on valid assumptions and properly evaluated associated risks. Businesses must ensure that their
decisions are not distorted by errors arising during the model development process.

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Beerbal & Co.
Chartered Accountants

Our spreadsheet modelling services team uses the most sophisticated spreadsheet model
development standards, software and training that are available for Microsoft Excel®, providing our
team with a unique ability to efficiently deliver best practice spreadsheet models at a low cost. Our
team can develop best practice Excel® spreadsheet models for any purpose in any industry. Our
financial modelling experience allows us to critically review and develop stronger financial models,
including.

We have a well-established track record in providing financial modelling support to clients across a
variety of industries.

b) Standard Operating Procedures and Manuals

 We write manuals for all types of organizations. Through our years of experience we have
developed expertise in development of system manuals that include accounting, operational,
credit, human resource, internal audit and risk management manuals.

 MIS Reports - we create easy-to-understand, concise financial and analytical reports compiled by
the most popular accounting software in the industry and tailor the created reports to your
specific needs.

c) Planning for Corporate and Group Structure

Before commencing incorporation, we also advice on best corporate legal structure based on your
requirements of business and its geographical location.

d) Corporate Services
The Corporate Services division is responsible for compliance of corporate formalities of all its clients
and incorporation and registration of new local and multinational companies and Branch offices. It
also acts as a continuous support services unit to a number of assurance services, taxation and
consulting clients for secretarial practices e.g. fling of annual return and other required forms and
applications. We can provide a one stop service to get your business venture up and running rapidly.

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Beerbal & Co.
Chartered Accountants

Our expertise will reduce the administrative burden and leaving you free to concentrate on developing
your business.
 Company Incorporation
Our services are not limited to incorporation of companies under the Companies Act 2017, but
also include formation of Trust, NGOs/NPOs, AOPs, cooperative societies and registered
partnerships.

 Secretarial Compliances
Secretarial practices include filing of the following documents with registrar/SECP:
• Form-A Annual Return;
• Annual Accounts;
• Form-29 (as and when there is any change in company's management);
• Form-26 for special resolutions if any; and
• Other forms as and when required.

5. Human Resource Services

Human capital is a key to success now a days, once a business is established, we need good quality
people to manage and keep our business going. However, a good mix of diverse background individual
but with common goal and motivation are required to be identified ad retained within the
organization is a huge task in today’s world.

a) Employee selection
 Shortlisting – usually done through database available with us, however, can also be
selected thru cv invitation and employee screening at various portals maintained.
 Employee Screening and Evaluation – Thru interviews and written tests, if needed.

b) Training and staff Development

We provide training on various subjects tailored around the needs of the organisation and staff.

6. IT Audit
IT audit and information system security services deal with the identification and analysis of potential
risks, their mitigation or removal, with the aim of maintaining the functioning of the information
system and the organization's overall business.

Our services include:

IT Risk Management IT risk management enables measuring, managing and

controlling IT-related risks, thus enhancing the reliability of
processes and the entire information system.
Application / ERP audit Excessive controls may impact the bottom line; ineffective
controls may leave an organisation exposed. How are
applications effectively supporting business processes and
how can these processes be controlled by means of
application controls? Our IT audit practice can help you to
find an answer to these questions.
Compliance audit We have recognised capabilities and subject matter
experience assisting clients in identifying, benchmarking,

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Beerbal & Co.
Chartered Accountants
rationalising and evaluating controls around relevant
application systems and related IT infrastructure.
IT project reviews How often do your IT projects meet the expectations of
key stakeholders (on cost, timing and performance) and
what has been the impact of failed projects? Our practice
can support in following aspects:
• Performing an independent project risk
assessment
• Performing follow-up of project execution and
delivery (Independent Verification and Validation)
• Reviewing of the project management processes
and controls
IT internal audit IT IA gives boards and senior executives new insights into
options that can help to manage enterprise risks by
enhancing internal audit’s value, quality and effectiveness.
Our understanding of IT risks may help clients’ internal
audit functions improve their performance and derived
value.
IT Due Diligence IT Due Diligence entails a comprehensive analysis of the
organization's IT sector to ascertain its alignment with
business goals and the extent to which it supports other
parts of the organization. It is commonly performed when
a potential investor/partner wishes to gain insight into the
level of IT support to business and IT resources.

7. Training and Workshops

We also provide training on different topics based on novelty and importance of the recent issue.
Mostly new businesses need understanding of the requirements under various laws to be complied
with. Moreover, now a days, there are new regulations and laws which are promulgated for better
regulated economy such as antimony laundering, however, it needs high level understanding of the
laws for better compliance. As we are constantly striving to provide better quality services and
updates on new laws to our client are better aware of the subject and hence provide comprehensive
training and workshops.

8. Legal Consultation for Family and Civil Issues

It is observed that people are now a days suffering from family and civil issues, however, they are not
aware of nay reasonable avenue to improve their situation and condition. At Beerbal and Co, we have
associated with different legal personnel, who can not only provide you with initial consultation to
guide you to face issue but also issue resolution procedure and legal guidance at any stage of the
matter.

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Beerbal & Co.
Chartered Accountants

9. Other Services
We provide various other services as per the need of our new clients, we assist and provide
following services:

 WEBOC Registration
 Copy right and trade marks
 KCCI Membership
 Consultancy on preparing Tender and Bid documents

10. Clienteles
Most of our clients are privately owned companies, partnerships, or sole proprietorships. We have
particular expertise in all issues faced by small and medium-sized enterprises. We also cater for non-
profit organizations, such as Foundations, Non-Governmental Organizations and others.

However, some of our clients are not in business. We advise them on personal tax affairs and rental
income accounts to help them achieve their personal financial goals.

11. Keep Yourself Informed

Email us at beerbalmal@hotmail.com ; for latest updates and newsletters.

12. Contact us

Office no: 403, Amber Estate Extension;

Cavish Court, Sharae Faisal,
Karachi
PTCL: 02134380408
Cell Phone: 03362025753
Email: beerbalmal@hotmail.com

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