Invoice Auditor in Pakistan Karachi –Free Word Template Download with AI
Chartered Accountants & Statutory Auditors
Office 412, 4th Floor, Centaurus Business Bay
Shahrah-e-Faisal, Clifton Block 5
Karachi, Sindh, Pakistan
Phone: +92-21-3586-7742 | Email: [email protected]
NTN: 4210587-3 | STRN: 34567890-1
Invoice No: MAK-2025-04782
Date of Issue: 15 June 2025
Due Date: 30 June 2025
Place of Issue: Pakistan Karachi
| # | Description of Auditor Services | Period / Scope | Rate (PKR) | Amount (PKR) | Tax (PKR) |
|---|---|---|---|---|---|
| 1 | Statutory Financial Audit of Annual Accounts for the fiscal year ending 30 June 2025, conducted in accordance with International Standards on Auditing (ISA) as adopted by ICAP in Pakistan Karachi. | 1 Jul 2024 – 30 Jun 2025 | 4,500,000 | 4,500,000 | 900,000 |
| 2 | Internal Control Assessment and Risk-Based Audit Planning. The Auditor team performed a comprehensive evaluation of the client's internal control environment, identified material risk areas, and developed a detailed audit programme tailored to the operations in Pakistan Karachi. | August 2024 | 850,000 | 850,000 | 170,000 |
| 3 | Subsidiary and Branch Audits. The Auditor conducted fieldwork at three operational branches located in Karachi, Lahore, and Islamabad, verifying inventory records, receivables, and cash positions in compliance with SECP regulations applicable in Pakistan. | Sep – Nov 2024 | 1,200,000 | 1,200,000 | 240,000 |
| 4 | Compliance Audit and Regulatory Reporting. The Auditor verified adherence to the Companies Act 2017, Income Tax Ordinance 2001, and Sales Tax Act 1990. All compliance certificates were prepared and submitted to the relevant authorities in Pakistan Karachi. | Dec 2024 – Jan 2025 | 650,000 | 650,000 | 130,000 |
| 5 | Management Letter and Audit Report Preparation. The Auditor compiled findings, issued a detailed management letter with recommendations for process improvements, and prepared the final unqualified audit opinion report for submission to the Board of Directors and SECP. | Feb – Apr 2025 | 700,000 | 700,000 | 140,000 |
| 6 | Post-Audit Consultation and Board Presentation. The Auditor and engagement partner conducted a two-hour presentation to the Audit Committee of the Board, addressing key findings, material misstatements, and corrective action plans for the upcoming fiscal period in Pakistan Karachi. | May 2025 | 300,000 | 300,000 | 60,000 |
| Subtotal (PKR) | 8,200,000 |
| Sales Tax @ 18% (PKR) | 1,476,000 |
| Withholding Tax @ 10% (PKR) | (820,000) |
| Adjustment – Travel & Accommodation (PKR) | 185,000 |
| Grand Total Payable (PKR) | 9,041,000 |
Terms and Conditions of This Invoice
This Invoice is issued by Al-Madina Audit & Assurance LLP, a registered firm of Chartered Accountants operating in Pakistan Karachi, in accordance with the professional standards set by the Institute of Chartered Accountants of Pakistan (ICAP). The Auditor services described herein were performed under the engagement letter dated 10 July 2024 (Ref: EL-2024-0091).
- Payment is due within fifteen (15) calendar days from the date of this Invoice. Late payments shall attract a penalty of 1.5% per month as per the Income Tax Ordinance 2001.
- The Auditor reserves the right to withhold the final audit report until full and complete payment of this Invoice is received in the firm's designated bank account.
- All Auditor work papers, drafts, and preliminary reports remain the intellectual property of Al-Madina Audit & Assurance LLP and shall not be reproduced without written consent.
- This Invoice is subject to the jurisdiction of the courts in Pakistan Karachi. Any disputes arising from this engagement shall be resolved through arbitration in Karachi under the Arbitration Act 1940.
- The Auditor's liability under this engagement is limited to the total fees payable as stated in this Invoice, in accordance with the terms of the engagement letter and applicable Pakistani law.
- Tax amounts are calculated as per the prevailing tax rates in Pakistan. The client is responsible for any additional tax liabilities arising from changes in legislation after the date of this Invoice.
Payment Instructions
Bank: HBL (Habib Bank Limited)
Branch: Clifton, Karachi, Pakistan
Account Title: Al-Madina Audit & Assurance LLP
Account No: 0012-4567-8901-2345
IBAN: PK36HABB0012456789012345
SWIFT: HABBPKKAKAR
Please reference Invoice No: MAK-2025-04782 in your payment remittance.
Acknowledgement
Prepared By: Ms. Ayesha Khan, Senior Auditor
Reviewed By: Mr. Khalid Mehmood, FCA (Engagement Partner)
Approved By: Mr. Tariq Hussain, FCA (Managing Partner)
Date of Approval: 15 June 2025
Place: Pakistan Karachi
This Invoice is valid for 90 days from the date of issue. After this period, the Auditor reserves the right to revise fees to reflect current market rates in Pakistan Karachi.
For Al-Madina Audit & Assurance LLP
Authorised Signatory of the Auditor
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