Khurram Aziz & Co. is a member firm of Vtandem. We deliver the network’s audit, tax, accounting and advisory services in Pakistan, and support GCC / QFC assignments through Vtandem and Brisk Off.
Our approach follows the Vtandem model: digitally enabled remote delivery, IFRS and ISA standards, senior oversight, and an affordable professional fee.
Network site: https://www.vtandem.net/
Taxation services
Tax planning is the analysis of financial information and the structured use of law so that tax is estimated, funded and paid on time — and so that available reliefs are used correctly.
How we help (aligned with Vtandem tax planning)
- Keep you current on tax law, amendments and practice in Pakistan, and on GCC rules where the engagement is a network assignment
- Estimate tax in advance so cash can be planned: how much, from where, and when
- Review operating structure and related-party / inter-company transactions
- Corporate and personal income tax, sales tax / VAT and other indirect taxes, and provincial levies
- Compliance filings, registrations and representation of foreign taxpayers where required
- Support in fiscal audits, inspections and appeals (with local counsel where litigation is needed)
Pakistan delivery includes income tax, sales tax, provincial taxes and routine FBR / provincial compliance. GCC tax work is delivered with the Vtandem network.
Accounting services
The accounting team works to IFRS and local rules. Methods are consistent so the finance function stays reliable wherever the books are kept.
Accounting services (aligned with Vtandem accounting)
- Keep accounting tools, charts of accounts and close processes up to date
- Recurring bookkeeping and accountancy support
- Conversion from local GAAP to IFRS statutory accounts
- Preparation of financial statements and interim financial statements (including consolidation where required)
- Monthly and quarterly management reporting packs
- Payment processing and routine transaction accounting
- Support for subsidiaries of foreign parents: local books, secretarial support and registered-office type administration where licensed
- Improvement of accounting systems and month-end quality
Budgeting, planning and forecasting
Budgeting, planning and forecasting sets short-term and long-term financial goals. A usable budget is the base for decisions through the year and is updated when actual results differ from plan.
- Build and refresh annual budgets and rolling forecasts
- Link operational drivers to revenue, cost and cash
- Variance analysis so management can act during the year
- Support for boards and lenders who need a clear view of expected performance
Audit and assurance
Assurance is designed to improve the reliability of information used by owners, lenders, regulators and other stakeholders.
Methodology is risk-based and aligned with International Standards on Auditing (ISA), with independence, integrity and ethics as the starting point. Work is supported by structured files, review and current standards.
Engagement types
- Statutory audits
- Interim audits
- Special purpose audits
- Agreed-upon procedures
- Forensic, cost, management and regulatory audits (where scoped)
We stay in contact through the year so new standards and amendments are built into the file, not left to the final week.
Internal audit and ICFR
Internal audit and internal control over financial reporting (ICFR) sit alongside external audit.
- Risk-based internal audit plans and reviews
- ICFR design, walkthroughs and testing
- Process reviews and control recommendations
- Follow-up so agreed actions are closed
Business advisory and diagnosis
Business diagnosis works backwards from weak results to causes, then to actions.
Typical work
- Identify the main problem areas with management
- Review strategic position and overall performance
- Recommend how to reduce the impact of poor performance
- Support implementation and capability building
- Review financial statements, profit and loss drivers, and whether plans can actually be delivered
This is the same diagnosis model used across the Vtandem network, delivered locally by KAC.
Corporate and commercial support
Where the assignment needs legal-adjacent corporate work (always with licensed counsel for reserved legal services):
- Company formation and company-law compliance in Pakistan (SECP)
- Support on contracts, joint ventures and transactions as part of a finance / due-diligence team
- Corporate secretarial and statutory registers
- Start-up, spin-off and group restructuring support on the accounting and tax side
Transaction and support services
- Due diligence and completion accounts support
- Transaction accounting and post-deal book setup
- BPO / Brisk Off support for QFC and GCC entities that need a Pakistan execution team
- Liquidation and winding-up accounting support (insolvency appointments only where separately licensed)
How we work with the network
KAC delivers Pakistan statutory, tax and secretarial work. Vtandem provides the international platform, Gulf presence and remote delivery model.