ERNEST YOUNG AUDIT CO

ISLAMABAD HIGH ACHIVER

High Achievers from Islamabad region gather with the chief guests for a group photograph at the ceremony organised by ACCA Pakistan yesterday in Islamabad. We have organised similar ceremonies in Karachi on 26 January and in Lahore on 31 January. We hope you will join us in wishing these bright students on their achievement!

AFTER ACCA FOR TRAINNIES

PLEASE GO TO ACCA OFFICE AFTER giving all ACCA papers and asked what I do now they guide you.

ACCA INSTIUTE IN PAKISTAN

 ISLAMABAD
1) INSTITUTE OF ACCOUNTS AND FINANCE:
contact: www.icaf.edu.pk

2)INSTITUTE OF BUISNESS leadership:
contact: www.ibl.com.pk

RAWALPINDI

1)Finance training institute  :
contact: +92-51-4302368

2)University College Of Islamabad
contact:+92-51-2281461, 2853178

KARACHI

1)AL HAMD ACADMEY:
contact: www.alhamd.edu.pk

2)Mirchawala hub of accountancy
contact: 02132066474

MY ACCA EXPERIENCE

I have competed papers of F1-2-3-4-6 and during these paper I get change in my self and now I have enough knowledge to give some one a view and also have Goal to achieve .

ABOUT ACCA QUALIFICATION

ACCA CERTIFICATE

PAKISTAN BIG FOUR FIRMS

1)A.F Ferguson & COM 
2)M. Yousaf Adil Saleem & Co.
3)KPMG taseer hadi and CO
4)Ernst & Young

INTERNAL CONTROL WEAKNESS

WEAKNESS EXAMPLE:
1)Glass of water on table as we see that important files are there  .
2)fruits on meeting table.
3)laptop on hands if by chance drop from here hand
4)A lady place a cup of tea on table above the file.

RESONABLE ASSURANCE

It is a assurance which is absolute but not at the same level .

MANAGEMENT REPORT

Management report is provided to the management after the completion of audit,which covering the internal control weakness identified by the auditor as a part of audit.This report is a by product or a value added service to customer.

 NOTE: assignment also giving for internal control assignment

INHERENT LIMITATION OF AN AUDIT

Absolute level of assurance can never be express due to inherent limitation of an audit,which affect the auditor ability to detect material.
                           It can also be said that the auditor could not certify that the accounts are correct they can only express reasonable assurance on the financial statement of the company.
                           Reasonable assurance is a concept relating to the accumulation of the audit evidence necessary for the auditor to conclude that there is no material misstatement in the financial statement.

                     THE INHERENT LIMITATIONS ARE AS FOLLOWS:
1)external auditor do not check ever thing in F/S they work on sample basis.  
2)Audit report has its own limitation due to standard size and technique language.
3)Most of the audit evidance are based on assumptions  and jugments
  EXAMPLE :PROVISIONS 

ACCA Talent Gymnasium

HELD IN PAKISTAN 2011

ACCA market place

ACCA market place grow every year and in 2011 its shoot up.