Review On Nishat Mills Limited Independent Audit Report 2021

This is review of Report by Syed Mustafa Ali, an independent auditor, regarding the audit
of Nishat Mills Limited's financial statements for the fiscal year ending June 30, 2021.

1. Audit Opinion
The auditor provided an unqualified opinion, indicating that they believe the
financial statements of Nishat Mills Limited present a true and fair view of the
company's financial position and performance as of June 30, 2021, in accordance
with accounting and reporting standards applicable in Pakistan.

2. Basis for Opinion

The auditor conducted the audit in accordance with International Standards on
Auditing (ISAs) applicable in Pakistan. They stated that they obtained sufficient
and appropriate audit evidence to support their opinion.

3. Responsibilities of Management and Board of Directors.

The auditor outlined the responsibilities of management and the board of directors.
for the preparation and fair presentation of the financial statements, including the
assessment of the company's ability to continue as a going concern.

4. Auditor's Responsibilities
The auditor described their responsibilities, including assessing the risks of
material misstatement due to fraud or error, evaluating internal controls, accounting
policies, and the appropriateness of management's use of the going concern basis of
accounting.
5. Report on Other Legal and Regulatory Requirements
The auditor also reported on other legal and regulatory requirements, including the
proper maintenance of books of account, conformity with the Companies Act, 2017,
and compliance with zakat requirements.