1) The auditor's report is for Pakistan Cables Limited for the year ending June 30, 2015.
2) The auditor conducted the audit in accordance with auditing standards in Pakistan to obtain reasonable assurance about whether the financial statements are free of material misstatement.
3) In the auditor's opinion, the financial statements present fairly the state of the company's affairs and conform with approved accounting standards.
1) The auditor's report is for Pakistan Cables Limited for the year ending June 30, 2015.
2) The auditor conducted the audit in accordance with auditing standards in Pakistan to obtain reasonable assurance about whether the financial statements are free of material misstatement.
3) In the auditor's opinion, the financial statements present fairly the state of the company's affairs and conform with approved accounting standards.
1) The auditor's report is for Pakistan Cables Limited for the year ending June 30, 2015.
2) The auditor conducted the audit in accordance with auditing standards in Pakistan to obtain reasonable assurance about whether the financial statements are free of material misstatement.
3) In the auditor's opinion, the financial statements present fairly the state of the company's affairs and conform with approved accounting standards.
1) The auditor's report is for Pakistan Cables Limited for the year ending June 30, 2015.
2) The auditor conducted the audit in accordance with auditing standards in Pakistan to obtain reasonable assurance about whether the financial statements are free of material misstatement.
3) In the auditor's opinion, the financial statements present fairly the state of the company's affairs and conform with approved accounting standards.
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Name Mr .
Shahbaz Ali
Roll No BCO18-034
Class B.COM( HONS) Semester 4th Morning ( A)
Assignment Auditor Report
Company Pakistan Cables Limited
Submitted To Ms. Hafiza safia
University Of Punjab ( Gujranwala Campus )
AUDITORS’ REPORT TO THE MEMBERS
We have audited the annexed balance sheet of
Pakistan Cables Limited (“the Company”) as at 30 June 2015 and the related profit and loss account, statement of comprehensive income, cash flow statement and statement of changes in equity together with the notes forming part thereof, for the year then ended and we state that we have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purposes of our audit.
It is the responsibility of the Company’s management
to establish and maintain a system of internal control, and prepare and present the above said statements in conformity with the approved accounting standards and the requirements of the Companies Ordinance, 1984. Our responsibility is to express an opinion on these statements based on our audit.
We conducted our audit in accordance with the
auditing standards as applicable in Pakistan. These standards require that we plan and perform the audit to obtain reasonable assurance about whether the above said statements are free of any material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the above said statements. An audit also includes assessing the accounting policies and significant estimates made by management, as well as, evaluating the overall presentation of the above said statements. We believe that our audit provides a reasonable basis for our opinion and, after due verification, we report that:
a)in our opinion, proper books of account have
been kept by the Company as required by the Companies Ordinance, 1984;
b)in our opinion:
i) the balance sheet and profit and loss account
together with the notes thereon have been drawn up in conformity with the Companies Ordinance, 1984, and are in agreement with the books of account and are further in accordance with accounting policies consistently applied;
ii) the expenditure incurred during the year was for
the purpose of the Company’s business; and
iii) the business conducted, investments made and
the expenditure incurred during the year were in accordance with the objects of the Company; c) in our opinion and to the best of our information and according to the explanations given to us, the balance sheet, profit and loss account, statement of comprehensive income, cash flow statement and statement of changes in equity together with the notes forming part thereof conform with approved accounting standards as applicable in Pakistan and give the information required by the Companies Ordinance, 1984, in the manner so required and respectively give a true and fair view of the state of the Company’s affairs as at 30 June 2015 and of the profit, cash flows and changes in equity for the year then ended; and
c)in our opinion, Zakat deductible at source under
the Zakat and Ushr Ordinance, 1980, was deducted by the Company and deposited in the Central Zakat Fund established under section 7 of that Ordinance.