Ilyas Saeed & Co. (ISCO) - Business information form
2024
Business dimensions
- Total gross annual turnover (revenue) in USD equivalent for the last completed financial year
- $279,360.00
- Date of end of financial year to which turnover and all data in this form refers
- 30th June 2024
- Please confirm that this turnover covers all branches and associated subsidiary firms which offer services to members and their clients, directly or indirectly
- Yes
- Number of Partners/Principals
- 12
- Number of Partners/Principals who are women
- 2
- Number of professional staff other than Partners/Principals. Professional staff means permanent employees of your firm qualified to carry out audit, accounting, tax advisory or consulting services.
- 90
- Number of staff who are women
- 16
- Number of other staff. Those not included in Partners/Principals or professional staff above.
- 12
- Number of offices
- 4
Areas of service
| Service | Approximate % of turnover in the last financial year | English speaking key contact for this area |
|---|---|---|
| Audit and assurance | 50% | Imran Ilyas |
| Accounting | 15% | Hina Usmani |
| Tax | 10% | Rafqat Hussain |
| Legal | 5% | Rafqat Hussain |
| Business advisory | 15% | Imran Ilyas |
| Other services, if any (please list here and give total %) | ||
| Transaction Advisory | 5% | Shahid Mehmood |
| Total - all services (must be 100%) | 100% | |
Principal contacts
| Name | ||
|---|---|---|
| Person responsible for marketing | M. Asadullah | [email protected] |
| (MGI Worldwide members only) - Person responsible for MGI network, Quality Assurance and Audit Independence | Imran Ilyas | [email protected] |
| Person responsible for Information Technology | Khurram Aziz | [email protected] |
Detailed audit service profile
| Type of audit client | No. of client | Total fee income (in USD for your last full financial year) |
|---|---|---|
| All audit clients | 122 | $139,680.00 |
| Audit clients which have branches, subsidiaries or parent companies outside your country | 2 | $4,200.00 |
| Public Interest Entity* audit clients, except listed companies | 12 | $25,800.00 |
| Audit clients listed on a stock exchange in your own country | 3 | $30,150.00 |
| Audit clients which are subsidiaries of companies listed on a stock exchange in another country | 0 | $0.00 |
International profile
- What is the main language of your firm (internally and with domestic clients)?
- English
- Number of public key contacts listed in this directory for your firm
- 4
- Please confirm that all public Key Contacts listed in the directory offer fluent English.
- Yes
- Does your telephone operator/receptionist speak English?
- Yes
- What is the maximum time you allow in firm to respond to enquiries from fellow members?
- 4 working days
Outward business exchange
- How much business did you send to other members (in your country and abroad, including referrals) in the last financial year (gross fees in USD equivalent). In many cases this is likely to be a best estimate or even a guess based on the fees you would charge for the service. Include repeat business from referrals in previous years.
- $0.00
- Approximately how much of this was to members in your country?
- 0
- To members outside your country?
- 0
Inward business exchange
- How much business did you receive from other MGI Worldwide members in the last financial year (gross fees in USD equivalent), domestic and international?
- $0.00
- How much of this total inward business was repeat business from previous years?
- $0.00
- Approximately how much of this total inward business was from members in your country?
- 0
- From members outside your country?
- 0
- From which countries abroad, if any, did you receive business? Please list
- None
- Please list which MGI Worldwide meetings* were attended by members of your firm in the last calendar year
- AGM 2023
Licensing and regulatory information
Accountants
Yes
- Membership number/reference
- Registrar of Firms / Institute of Chartered Accountants of Pakistan
Auditors
Yes
- Membership number/reference
- Institute of Chartered Accountants of Pakistan / Audit Oversight Board / Securities & Exchange Commission / State Bank of Pakistan
Tax advisors
Yes
- Membership number/reference
- Institute of Chartered Accountants of Pakistan / Federal Board of Revenue,
Other profession
Yes
- Specify which
- Management Consulting
- Membership number/reference
- Institute of Chartered Accountants of Pakistan / Securities & Exchange Commission of Pakistan
- Is your firm subject to an external quality control review?
- Yes
- If your answer was No, how do you ensure your quality standards?
- not filled
- If your answer was Yes, how often does the external review take place?
- Once in 2 years
- What is (are) the name(s) of the reviewing organisation(s)?
- Institute of Chartered Accountants of Pakistan
- What was the date of your last external review?
- 15th September 2024
Professional indemnity
- Is Professional Indemnity Insurance available in your country?
- No
- If YES, is it obligatory?
- No
- Do you carry Professional Indemnity (PI) insurance?
- No
- Comments, if any, on PI
- Assignment based PI is obtained for a cover of US$ 150,000 for Consultancy Assignment of World Bank Funded Project. Will take PI based on individual assignments
Comments
- Explanatory comments, if needed, on this information from the member firm or from MGI Worldwide
- not filled
2023
Business dimensions
- Total gross annual turnover (revenue) in USD equivalent for the last completed financial year
- $246,790.00
- Date of end of financial year to which turnover and all data in this form refers
- 30th June 2023
- Please confirm that this turnover covers all branches and associated subsidiary firms which offer services to members and their clients, directly or indirectly
- Yes
- Number of Partners/Principals
- 14
- Number of Partners/Principals who are women
- 2
- Number of professional staff other than Partners/Principals. Professional staff means permanent employees of your firm qualified to carry out audit, accounting, tax advisory or consulting services.
- 132
- Number of staff who are women
- 19
- Number of other staff. Those not included in Partners/Principals or professional staff above.
- 16
- Number of offices
- 3
Areas of service
| Service | Approximate % of turnover in the last financial year | English speaking key contact for this area |
|---|---|---|
| Audit and assurance | 60% | Imran Ilyas |
| Accounting | 15% | Hina Usmani |
| Tax | 10% | Rafqat Hussain |
| Legal | 5% | Rafqat Hussain |
| Business advisory | 5% | Shahid Mehmood |
| Other services, if any (please list here and give total %) | ||
| Transaction Advisory | 5% | Shahid Mehmood |
| Total - all services (must be 100%) | 100% | |
Principal contacts
| Name | ||
|---|---|---|
| Person responsible for marketing | M. Asadullah | [email protected] |
| (MGI Worldwide members only) - Person responsible for MGI network, Quality Assurance and Audit Independence | Imran Ilyas | [email protected] |
| Person responsible for Information Technology | Khurram Aziz | [email protected] |
Detailed audit service profile
| Type of audit client | No. of client | Total fee income (in USD for your last full financial year) |
|---|---|---|
| All audit clients | 106 | $148,074.00 |
| Audit clients which have branches, subsidiaries or parent companies outside your country | 1 | $4,000.00 |
| Public Interest Entity* audit clients, except listed companies | 10 | $24,600.00 |
| Audit clients listed on a stock exchange in your own country | 2 | $31,915.00 |
| Audit clients which are subsidiaries of companies listed on a stock exchange in another country | 0 | $0.00 |
International profile
- What is the main language of your firm (internally and with domestic clients)?
- English
- Number of public key contacts listed in this directory for your firm
- 4
- Please confirm that all public Key Contacts listed in the directory offer fluent English.
- Yes
- Does your telephone operator/receptionist speak English?
- Yes
- What is the maximum time you allow in firm to respond to enquiries from fellow members?
- 4 working days
Outward business exchange
- How much business did you send to other members (in your country and abroad, including referrals) in the last financial year (gross fees in USD equivalent). In many cases this is likely to be a best estimate or even a guess based on the fees you would charge for the service. Include repeat business from referrals in previous years.
- $0.00
- Approximately how much of this was to members in your country?
- 0
- To members outside your country?
- 0
Inward business exchange
- How much business did you receive from other MGI Worldwide members in the last financial year (gross fees in USD equivalent), domestic and international?
- $0.00
- How much of this total inward business was repeat business from previous years?
- $0.00
- Approximately how much of this total inward business was from members in your country?
- 0
- From members outside your country?
- 0
- From which countries abroad, if any, did you receive business? Please list
- None
- Please list which MGI Worldwide meetings* were attended by members of your firm in the last calendar year
- nil
Licensing and regulatory information
Accountants
Yes
- Membership number/reference
- Registrar of Firms / Institute of Chartered Accountants of Pakistan
Auditors
Yes
- Membership number/reference
- Institute of Chartered Accountants of Pakistan / Audit Oversight Board / Securities & Exchange Commission / State Bank of Pakistan
Tax advisors
Yes
- Membership number/reference
- Institute of Chartered Accountants of Pakistan / Federal Board of Revenue,
Other profession
Yes
- Specify which
- Management Consulting
- Membership number/reference
- Institute of Chartered Accountants of Pakistan / Securities & Exchange Commission of Pakistan
- Is your firm subject to an external quality control review?
- Yes
- If your answer was No, how do you ensure your quality standards?
- not filled
- If your answer was Yes, how often does the external review take place?
- Once in 2 years
- What is (are) the name(s) of the reviewing organisation(s)?
- Institute of Chartered Accountants of Pakistan
- What was the date of your last external review?
- 3rd November 2022
Professional indemnity
- Is Professional Indemnity Insurance available in your country?
- Yes
- If YES, is it obligatory?
- No
- Do you carry Professional Indemnity (PI) insurance?
- No
- Comments, if any, on PI
- Assignment based PI is obtained for a cover of US$ 150,000 for Consultancy Assignment of World Bank Funded Project. Will take PI based on individual assignments
Comments
- Explanatory comments, if needed, on this information from the member firm or from MGI Worldwide
- not filled
2022
Business dimensions
- Total gross annual turnover (revenue) in USD equivalent for the last completed financial year
- $287,175.00
- Date of end of financial year to which turnover and all data in this form refers
- 30th June 2022
- Please confirm that this turnover covers all branches and associated subsidiary firms which offer services to members and their clients, directly or indirectly
- Yes
- Number of Partners/Principals
- 10
- Number of Partners/Principals who are women
- 2
- Number of professional staff other than Partners/Principals. Professional staff means permanent employees of your firm qualified to carry out audit, accounting, tax advisory or consulting services.
- 120
- Number of staff who are women
- -
- Number of other staff. Those not included in Partners/Principals or professional staff above.
- 18
- Number of offices
- 4
Areas of service
| Service | Approximate % of turnover in the last financial year | English speaking key contact for this area |
|---|---|---|
| Audit and assurance | 55% | Imran Ilyas |
| Accounting | 12% | Hina Usmani |
| Tax | 10% | Imran Ilyas |
| Legal | 4% | not filled |
| Business advisory | 14% | not filled |
| Other services, if any (please list here and give total %) | ||
| Transaction Advisory | 5% | not filled |
| Total - all services (must be 100%) | 100% | |
Principal contacts
| Name | ||
|---|---|---|
| Person responsible for marketing | M. Asadullah | [email protected] |
| (MGI Worldwide members only) - Person responsible for MGI network, Quality Assurance and Audit Independence | Imran Ilyas | [email protected] |
| Person responsible for Information Technology | Khurram Aziz | [email protected] |
Detailed audit service profile
| Type of audit client | No. of client | Total fee income (in USD for your last full financial year) |
|---|---|---|
| All audit clients | 109 | $83,226.00 |
| Audit clients which have branches, subsidiaries or parent companies outside your country | 1 | $3,800.00 |
| Public Interest Entity* audit clients, except listed companies | 10 | $26,800.00 |
| Audit clients listed on a stock exchange in your own country | 2 | $44,120.00 |
| Audit clients which are subsidiaries of companies listed on a stock exchange in another country | 0 | $0.00 |
International profile
- What is the main language of your firm (internally and with domestic clients)?
- English
- Number of public key contacts listed in this directory for your firm
- -
- Please confirm that all public Key Contacts listed in the directory offer fluent English.
- -
- Does your telephone operator/receptionist speak English?
- Yes
- What is the maximum time you allow in firm to respond to enquiries from fellow members?
- 4 working days
Outward business exchange
- How much business did you send to other members (in your country and abroad, including referrals) in the last financial year (gross fees in USD equivalent). In many cases this is likely to be a best estimate or even a guess based on the fees you would charge for the service. Include repeat business from referrals in previous years.
- -
- Approximately how much of this was to members in your country?
- 0
- To members outside your country?
- -
Inward business exchange
- How much business did you receive from other MGI Worldwide members in the last financial year (gross fees in USD equivalent), domestic and international?
- -
- How much of this total inward business was repeat business from previous years?
- $0.00
- Approximately how much of this total inward business was from members in your country?
- -
- From members outside your country?
- -
- From which countries abroad, if any, did you receive business? Please list
- not filled
- Please list which MGI Worldwide meetings* were attended by members of your firm in the last calendar year
- AGM 2021. On-line AGM as well as 2021 Asia online Regional Meeting.
Licensing and regulatory information
Accountants
Yes
- Membership number/reference
- Registrar of FirmsInstitute of Chartered Accountants of Pakistan
Auditors
Yes
- Membership number/reference
- Institute of Chartered Accountants of PakistanAudit Oversight BoardSecurities & Exchange CommissionState Bank of Pakistan
Tax advisors
Yes
- Membership number/reference
- Institute of Chartered Accountants of PakistanFederal Board of Revenue,
Other profession
Yes
- Specify which
- Management Consulting
- Membership number/reference
- Institute of Chartered Accountants of PakistanSecurities & Exchange Commission of Pakistan
- Is your firm subject to an external quality control review?
- Yes
- If your answer was No, how do you ensure your quality standards?
- not filled
- If your answer was Yes, how often does the external review take place?
- 2
- What is (are) the name(s) of the reviewing organisation(s)?
- Institute of Chartered Accountants of Pakistan
- What was the date of your last external review?
- 3rd November 2022
Professional indemnity
- Is Professional Indemnity Insurance available in your country?
- Yes
- If YES, is it obligatory?
- No
- Do you carry Professional Indemnity (PI) insurance?
- No
- Comments, if any, on PI
- Assignment based PI is obtained for a cover of US$ 150,000 for Consultancy Assignment of World Bank Funded ProjectWill take PI based on individual assignments
Comments
- Explanatory comments, if needed, on this information from the member firm or from MGI Worldwide
- not filled