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Zigron Inc. Pakistan is working with Masood Pervaiz & Co for more than three years. They are very cooperative and helpful in all matters. They always come with good suggestion that helps to streamline and prosper the business activities.
The purpose of an audit is to enhance the degree of confidence of intended users in the financial statements. This is achieved by the expression of an opinion by the auditor on whether the financial statements are prepared, in all material respects, in accordance with the Financial Reporting Standards.
As the basis for the opinion of auditor, the auditor is required to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error. Reasonable assurance is a high level of assurance. It is obtained when the auditor has obtained sufficient appropriate audit evidence to reduce audit risk (that is, the risk that the auditor expresses an inappropriate opinion when the financial statements are materially misstated) to an acceptably low level.