An Internship Report On Chartered Accountant Firm
TABLE OF CONTENTS
CHAPTER # 1 Introduction
Some what about Chartered Accountant Firm
Geographical list of CA firms in Pakistan
CA firms abroad
Chapter # 2 Institute of Chartered Accountants ofPakistan ( ICAP)
Types of Chartered Accountants
Role of ICAP
Chapter # 3 Services Rendered by a CA Firm
Chapter # 4 Auditing
Origin of Auditing
History of Auditing in Pakistan
Definition of Auditing
Objects of Auditing
Types of Auditing
Duties and obligation of students and principels of CA firm How to Conduct Audit
Chapter # 5 Taxation
II Income tax
Sources of income tax law
Definition of income
Definition of Tax
Definition of Assesses
Definition of Assessment
Return of total income
filing of return of income tax
when to file return of total income
III Sales tax
Record of Sales Tax
Return of sales tax
Responsibility of sales tax
Turnover tax rules
Rates of sales tax
Services of CA firm related to Sales tax
Chapter # 6 Consultancy Services
Assistance of clients in Budgetary control system and profit forecasting Assistance of client in compliance with corporate legislation. Other services
Chapter # 7 Corporate Sector Services
Incorporation of Companies
Methods of Business
Registration of the Company
Documents for registration in case of Non Profit concern Foreign Company
Post Incorporation services
Chapter # 1
Some what about Chartered Accountant Firm.
A firm runs by one or more partners authorized by institute of chartered Accountant of Pakistan Ordinance 1961 to conduct internal and external audit of public and private limited companies, NGO’s and the other organization.
C.A firms provide tax, audit and advise on other legal matters to the financial aspect of the organization under the rule and regulation of the CA by laws of the International Accounting Standards.
The main aim behind the establishment of the institute of Chartered Accountant of Pakistan was to conduct the training of CA students and provided highly dedicated professionals though a process of conducting and passing specific examinations successful students were then admitted the members of the institute and after the fulfillment of certain conditions, eligible members were entitled to practice and were allowed to train CA students. With the passage of the time the institute ofChartered Accountant of Pakistan in playing its role as one of the most organized professional body of the country.
Ghafoor & Co was established as a Chartered Accountant Firm in 23rd April 1990. This firm has provided useful services to the Govt, private department and other institutions. From his high talented he has produced a large number of clients.
The head office of Ghafoor & Co is Opp: GPO Rehmat Lane, sadder Road, Peshawar Cantt.
The principal of this Chartered Accountant firm is Abdul Ghafoor. At present time Ghafoor & Co constitute 15 staff members out of which 9 are the students of this firm and remain are the staff. Mr. Asif Bukhari is office manager; Mr. Atta Mohammad is Audit manager.
At present the...
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