Presentation on a audit firm

1. Aftab Kamrul & Co.
(IAK)
Chartered Accountants

2. Welcome
Group members
• Md. Mosiuddin Hisham
• Mynul Hasan Sonat
• Kamrul Haider

3. Contents
• History
• Activity
• Firms they audit
• Audit planning and
procedure
• Discrepancy

4. History of Islam Aftab Kamrul & Co. (IAK)
Islam Aftab Kamrul & Co. (IAK) is a Chartered Accountancy Firm engaged,
inter-alia, in Audit (Statutory Audit, Special Audit/Compliance Audit/Project
Audit), Taxation services, Consulting, Special Investigation and Business Advisory
Services. The firm was established in 1993 under the name of Islam Aftab
Kamrul & Co. IAK maintained successfully its reputation for professional
competence, excellence in assisting its clients and upholding professional
standards and ethics in Bangladesh.

5. Activity
Islam Aftab Kamrul & Co., as one of the world’s leading professional service
firms, delivers world-class assurance and advisory, tax and consulting services
through its national practices. Key Will Group is represented by 101 partners,
1,145 staffs and 93 offices in more than 60 countries in Europe, Americas,
Middle East, Oceania, Africa and Asia-Pacific. Key Will Group’s internationally
experienced professionals strive to deliver seamless, consistent services wherever
their clients operate.

6. Area of Services
Islam Aftab Kamrul & Co. offers wide range of services. Its expertise extends into
different areas of management, financial, accounting and advisory matters. Most of the
common areas of services are:
1.Assurance and Advisory Services,
2.Business and System Analysis,
3.Business Valuations,
4.Corporate Restructuring
5.Due Diligence:
6.Estimation of bad debt and Re-capitalization;
7.Financial assessment and appraisal;
8.Financial Audit;
9.Internal Auditing and Accounting service;
10.Performance and Compliance Audit;
11.Project Evaluation and Appraisal;
12.Tax Planning.

7. Services to Smeller Businesses
This firm helps smaller businesses overcome their problems.
These businesses, unlike many major public companies, do
not always have the in-house resources to solve their
problems. They therefore place great reliance on our ability
to provide them with high-problems. They therefore place
great reliance on our ability to provide them with high
quality advice and assistance on financial matters promptly
and efficiently.

8. Additional Services Provided
• In addition to the services mentioned above, they also provide the
following services to our renowned national and multinational clients:
• Salary Survey;
• Prepare manuals, policies and procedures for the financial management
department of client companies;
• Provide practical training in computer based accounting systems to
accounting and financial management personnel of client companies to
keep up with technological development and increase productivity;
• Work as an evaluator of financial offers for different projects of an
organization;
• Provide consulting services on fixed assets management and inventory
control; project feasibility study.

9. IAK Core Competence
As an organization, IAK takes pride in maintaining integrity and
providing value added services to its clientele. A strong professional
relationship with clients is the key to its success and sustainability. IAK
has ample experience in the fields of special evaluation of portfolios,
capital and financial positions. This can be observed to excellence and
enhancement to the organization’s knowledge on the part of all team
members. Rich experience and competence;
Extensive supports from Key Will Group;
• Average experience of 10 years of the Key Professionals;
• Long serving staff;
• Professional commitment;
• More than 50 professionals of different disciplines.

10. Firms they audit
• Dhaka Electric Supply Authority (DESA)
• Titas Gas Transmission and Distribution Company
• Japan Bangladesh Chamber of Commerce & Industry (JBCCI), (2013-2014)
• Japan External Trade Organization (JETRO), (2012-2014)
• Japanies Commerce & Industry Association in Dhaka. (2011-2014)
• YKK Bangladesh Pte Ltd. (2011-2013)
• Bashundhara Multi Paper Industries Ltd. (2011-2014)
• Rio Fashion Wear Ltd.(2013-2015)
• ONS Telecom Bangladesh Ltd., (2013-2014)
• IR Buld Company Ltd.(2013-2015)
• Popular Life Insurance Com. Ltd. (2013-2015)

11. Audit planning and procedure
They act as independent auditors of client organizations and
of their operations, however diverse and wherever located.
They view the independent audit as a means of ensuring
that management is provided with reliable financial and
management information through the operation of
appropriate controls and procedures. Although, at a
minimum, they provide audit services that meet statutory or
contractual requirements, they do audit not just as a
statutory necessity, but as a constructive and cost-effective
aid to management in its task of managing the enterprise.

12. Discrepancy
Every business have their discrepancy. As Aftab Kamrul &
Co. (IAK) is a CA firm but their main topic is business. So
obviously they have discrepancy and their discrepancy CA
firms are A. B. S. Chowdhury & Co., A. B. Saha & Co., A
Hoque & Co., and many more. For those discrepancy they
sometimes miss their valuable client because their
discrepancy sometimes helps the clients to understand them
wrong.