Who We Are
Riaz Ahmad and Company, Chartered Accountants was established in November 1956.
We have offices in all major financial districts of Pakistan i.e. Lahore, Faisalabad, Islamabad and Karachi.
The firm employs a diverse range of qualified and experienced professionals which includes Chartered Accountants, Cost and Management Accountants, Chartered Certified Accountants, Certified Internal Auditors, Certified Information System Auditors, Masters in Business Administration, Law Graduates, Information System Analyst, Programmers and Tax Specialists and Corporate Affairs Consultants. Our client service teams unite local and expatriate professionals to deliver knowledge where it is needed.
We have substantial individual and collective experience of serving clients in major areas of our practice encompassing audit and assurance, tax, accounting compliance, forensic audit, transaction advisory, due diligence study, information technology, human resources, financial advisory services, management consulting, dispute resolutions, arbitration, family settlements, liquidation, acquisition, merger, demerger, reconstruction etc.
RACO in Pakistan embodies the value proposition of Nexia International's global network in providing professional services to organizations in both the public and private sectors which rely on Nexia International member firms for the integrity of their audit opinion, the provision of sound and valuable business guidance and advice on potential business risks.
Our industry focus, which is fundamental to RACO's approach, has enabled us to develop in-depth knowledge of our clients' businesses and to provide them with an informed perspective on the issues they face. It is a strategy that runs across the full range of RACO's core services and is underpinned by our global and regional strength.
The firm is acutely aware of the need to provide consulting and technical services under a total client service concept. Our capabilities are under a constant state of refinement and review to assure clients that available services are in keeping with the progress of industry and the requirements of tomorrow. Our policy is to accept engagements only in fields in which we are qualified. We offer a very broad and continually expanding range of services. The following standards, which govern all of our work, especially consulting work, overcome and alleviate many common client concerns:
Clients requesting consulting work are concerned about obtaining a high level of expertise, careful administration, and rigorous cost control on their projects. In order to ensure that these are provided, every consulting assignment is under the direct management of a senior professional who is responsible for its completion. This responsibility begins with the initial consultation with the prospective client to acquire a thorough understanding of his needs. The understanding is documented in a letter which outlines the objectives and scope of the work we propose to undertake, describes our anticipated approach, and provides an estimate of the professional time and fees that would be involved.
Clients know their company and their situation intimately and expect consultants to make recommendations and develop solutions that are individually suited to them. To advise each client we form an appropriately skilled project team, calling on our consultants having the necessary skills. Through this carefully structured project team we bring our prior experience to bear, we identify the problems, and then tailor our approach and recommendations to solve the problems within the limits of available resources.
To be effective consulting projects must have sufficient scope and depth; to be cost effective the project team must perform no more work than is strictly necessary. Our principle is to provide only as much or as little assistance as is needed to achieve a project's goals. To ensure an optimum level of involvement we define methodology and scope and manage the assignment with frequent and direct consultations between the senior professional heading the project team and the client.
Consulting projects too often leave the client stranded after the consulting team has come in, studied, made recommendations, and departed. To achieve better understanding, to prevent staff disruption, and to facilitate and cement necessary changes, we strongly encourage involvement by a client's managers and staff.
Normally, client personnel are incorporated into the project team from the earliest phases so that they can provide their knowledge of and insight into the client organization, become thoroughly acquainted with the nature and intent of our study, and be capable of and enthusiastic about implementing our recommendations.
Thoroughness, consistency, and accurate detailed information are the foundation of successful consulting projects. These are not only a direct reflection of skills, experience, and qualifications of the individual professionals involved, they are also the product of carefully developed and tested methodologies and standards.
We are strongly committed to quality control. Before we report to our client, all our consulting studies are reviewed by an independent colleague, a senior professional who has not participated in the project. Other controls are applied to ensure the validity of our recommendations.
Each culture observes specific procedures, customs, and work habits which influence the successful execution of an assignment. We recognize the importance of these differences and adapt our work methods and recommendations to accommodate them. As well, wherever practical, we use staff located in our offices for various assignments who are knowledgeable about and comfortable with the local culture, history, economy, and political systems.