Reported in the First Year of Implementation 9ROXPH
127
Sample Key Audit Matters Reported in the First Year of Implementation
Transcript of Reported in the First Year of Implementation 9ROXPH
Sample Key Audit Matters
Reported in the First Year of Implementation Volume 1
Disclaimer
This publication has been carefully prepared but it necessarily contains information extracted
from the annual reports of the listed entities. Therefore, it is intended for general guidance
only; it is not intended to be a substitute for detailed study of the annual reports, research
or the exercise of professional judgment. The publication does not amend or override the
International Standards on Auditing, the Companies Act 2017, other Laws, related Rules and
Regulations, the text of which alone are authoritative. The information presented in this
publication should not be construed as legal, auditing, or any other professional advice or
service. The Institute and its staff do not accept any liability to any party for any loss, damage
or costs howsoever arising, whether directly or indirectly, whether in contract, or otherwise
from any action or decision taken (or not taken) as a result of any person relying on or
otherwise using this document or arising from any omission from it.
Sample Key Audit Matters
Reported in the First Year of Implementation
List of Contents INTRODUCTION .............................................................................................. 1
Sector: Automobile Assembler
1. Millat Tractors Limited ....................................................................... 2
2. Ghandhara Industries Limited ............................................................... 3
Sector: Automobile Parts & Accessories
3. Loads Limited .................................................................................. 4
4. Baluchistan Wheels Limited .................................................................. 9
Sector: Cable & Electrical Goods
5. Pakistan Cables Limited ..................................................................... 11
6. Johnson & Phillips (Pakistan) Limited ..................................................... 13
Sector: Cement
7. Maple Leaf Cement Factory Limited ...................................................... 17
8. Cherat Cement Company Limited .......................................................... 19
9. Attock Cement (Pakistan) Limited ......................................................... 21
Sector: Chemical
10. Berger Paints Pakistan Limited ............................................................. 24
11. Dynea Pakistan Limited ...................................................................... 25
12. Sitara Chemical Industries Limited ........................................................ 28
Sector: Commercial Banks
13. MCB Bank Limited ............................................................................ 30
14. United Bank Limited ......................................................................... 32
15. National Bank of Pakistan ................................................................... 35
Sector: Engineering
16. Crescent Steel & Allied Products Limited ................................................ 37
17. Aisha Steel Mills Limited .................................................................... 39
18. Dadex Eternit Limited ....................................................................... 42
Sector: Food & Personal Care Products
19. Matco Foods Limited ......................................................................... 45
20. Gillette Pakistan Limited .................................................................... 47
Sector: Fertilizer
21. Fauji Fertilizer Bin Qasim Limited ......................................................... 49
22. Engro Fertilizers Limited .................................................................... 51
23. Fatima Fertilizer Company Limited ........................................................ 54
Sector: Glass & Ceramics
24. Tariq Glass Industries Limited .............................................................. 55
25. Ghani Value Glass Limited .................................................................. 57
26. Balochistan Glass Limited ................................................................... 59
Sector: Investment Banks
27. Arif Habib Limited ............................................................................ 62
28. First Credit & Investment Bank Limited .................................................. 63
Sector: Insurance
29. Askari General Insurance Company Limited .............................................. 65
30. Premier Insurance Limited .................................................................. 68
31. The Universal Insurance Company Limited ............................................... 70
Sector: Leasing Companies
32. Orix Leasing Pakistan Limited .............................................................. 72
33. Pakistan Gulf Leasing Company Limited .................................................. 73
Sector: Leather & Tanneries
34. Pak Leather Crafts Limited ................................................................. 75
Sector: Miscellaneous
35. Siddiqsons Tin Plate Limited ................................................................ 77
36. Ecopack Limited .............................................................................. 78
Sector: Oil & Gas Exploration
37. Oil & Gas Development Company Limited ................................................ 79
38. Mari Petroleum Company Limited ......................................................... 84
39. Pakistan Petroleum Limited ................................................................ 85
Sector: Oil & Gas Marketing
40. Pakistan State Oil Company Limited ...................................................... 91
41. Burshane LPG (Pakistan) Limited .......................................................... 94
42. Sui Northern Gas Pipelines Limited ........................................................ 97
Sector: Power Generation & Distribution
43. Altern Energy Limited........................................................................ 99
44. The Hub Power Company Limited ....................................................... 101
45. S.G. Power Limited ......................................................................... 103
SAMPLE KEY AUDIT MATTERS
INTRODUCTION
The Institute of Chartered Accountants of Pakistan Page 1 of 153
INTRODUCTIONIn Pakistan, Securities and Exchange
Commission of Pakistan (SECP) notified the
new statutory auditor’s report formats vide
Auditors (Reporting Obligations) Regulations,
2018 (the Regulations) in April 2018. The
Regulations prescribe the new statutory
auditor’s report formats which are aligned
with the new auditor reporting standards
issued by the International Auditing and
Assurance Board (IAASB) and adopted by the
Institute of Chartered Accountants of Pakistan
(ICAP/ the Institute). The new formats
became applicable for the audit and review
engagements for the periods ended on or after
June 30, 2018. Accordingly, June 2018-19 was
the first year of implementation of the new
auditor’s reports.
Key Audit Matters The most significant change brought about
with the new auditor reporting standards is
International Standard on Auditing (ISA)
701, Communicating Key Audit Matters in the
Independent Auditor’s Report. ISA 701
mandatorily requires the auditor of a listed
company to include in the KAM paragraph
those matters that required the most
significant attention of the auditor in
performing the audit of financial statements.
About The Publication The Technical Services Department of ICAP
has compiled “Sample Key Audit Matters –
Reported in the First Year of
Implementation”. The publication contains
KAMs from the annual reports of 67 listed
companies representing 30 different sectors.
The samples are intended to show at a glance
how auditors in Pakistan reported KAMs,
reflecting the entity specific matters.
Please not that this selection is limited and not intended to be globally representative. Sohail Malik Director Technical Services
SAMPLE KEY AUDIT MATTERS
SAMPLE KEY AUDIT MATTERS Sector: Automobile Assembler Company: Millat Tractors Limited
The Institute of Chartered Accountants of Pakistan Page 2 of 153
Sector: Automobile Assembler
Millat Tractors Limited
SAMPLE KEY AUDIT MATTERS Sector: Automobile Assembler Company: Ghandhara Industries Limited
The Institute of Chartered Accountants of Pakistan Page 3 of 153
Ghandhara Industries Limited
SAMPLE KEY AUDIT MATTERS Sector: Automobile Parts & Accessories Company: Loads Limited
The Institute of Chartered Accountants of Pakistan Page 4 of 153
Sector: Automobile Parts & Accessories
Loads Limited
SAMPLE KEY AUDIT MATTERS Sector: Automobile Parts & Accessories Company: Loads Limited
The Institute of Chartered Accountants of Pakistan Page 5 of 153
SAMPLE KEY AUDIT MATTERS Sector: Automobile Parts & Accessories Company: Loads Limited
The Institute of Chartered Accountants of Pakistan Page 6 of 153
SAMPLE KEY AUDIT MATTERS Sector: Automobile Parts & Accessories Company: Loads Limited
The Institute of Chartered Accountants of Pakistan Page 7 of 153
SAMPLE KEY AUDIT MATTERS Sector: Automobile Parts & Accessories Company: Loads Limited
The Institute of Chartered Accountants of Pakistan Page 8 of 153
SAMPLE KEY AUDIT MATTERS Sector: Automobile Parts & Accessories Company: Baluchistan Wheels Limited
The Institute of Chartered Accountants of Pakistan Page 9 of 153
Baluchistan Wheels Limited
SAMPLE KEY AUDIT MATTERS Sector: Automobile Parts & Accessories Company: Baluchistan Wheels Limited
The Institute of Chartered Accountants of Pakistan Page 10 of 153
SAMPLE KEY AUDIT MATTERS Sector: Cable & Electrical Goods Company: Pakistan Cables Limited
The Institute of Chartered Accountants of Pakistan Page 11 of 153
Sector: Cable & Electrical Goods
Pakistan Cables Limited
SAMPLE KEY AUDIT MATTERS Sector: Cable & Electrical Goods Company: Pakistan Cables Limited
The Institute of Chartered Accountants of Pakistan Page 12 of 153
SAMPLE KEY AUDIT MATTERS Sector: Cable & Electrical Goods Company: Johnson & Phillips (Pakistan) Limited
The Institute of Chartered Accountants of Pakistan Page 13 of 153
Johnson & Phillips (Pakistan) Limited
SAMPLE KEY AUDIT MATTERS Sector: Cable & Electrical Goods Company: Johnson & Phillips (Pakistan) Limited
The Institute of Chartered Accountants of Pakistan Page 14 of 153
SAMPLE KEY AUDIT MATTERS Sector: Cable & Electrical Goods Company: Johnson & Phillips (Pakistan) Limited
The Institute of Chartered Accountants of Pakistan Page 15 of 153
SAMPLE KEY AUDIT MATTERS Sector: Cable & Electrical Goods Company: Johnson & Phillips (Pakistan) Limited
The Institute of Chartered Accountants of Pakistan Page 16 of 153
SAMPLE KEY AUDIT MATTERS Sector: Cement Company: Maple Leaf Cement Factory Limited
The Institute of Chartered Accountants of Pakistan Page 17 of 153
Sector: Cement
Maple Leaf Cement Factory Limited
SAMPLE KEY AUDIT MATTERS Sector: Cement Company: Maple Leaf Cement Factory Limited
The Institute of Chartered Accountants of Pakistan Page 18 of 153
SAMPLE KEY AUDIT MATTERS Sector: Cement Company: Cherat Cement Company Limited
The Institute of Chartered Accountants of Pakistan Page 19 of 153
Cherat Cement Company Limited
SAMPLE KEY AUDIT MATTERS Sector: Cement Company: Cherat Cement Company Limited
The Institute of Chartered Accountants of Pakistan Page 20 of 153
SAMPLE KEY AUDIT MATTERS Sector: Cement Company: Attock Cement (Pakistan) Limited
The Institute of Chartered Accountants of Pakistan Page 21 of 153
Attock Cement (Pakistan) Limited
SAMPLE KEY AUDIT MATTERS Sector: Cement Company: Attock Cement (Pakistan) Limited
The Institute of Chartered Accountants of Pakistan Page 22 of 153
SAMPLE KEY AUDIT MATTERS Sector: Cement Company: Attock Cement (Pakistan) Limited
The Institute of Chartered Accountants of Pakistan Page 23 of 153
SAMPLE KEY AUDIT MATTERS Sector: Chemical Company: Berger Paints Pakistan Limited
The Institute of Chartered Accountants of Pakistan Page 24 of 153
Sector: Chemical
Berger Paints Pakistan Limited
SAMPLE KEY AUDIT MATTERS Sector: Chemical Company: Dynea Pakistan Limited
The Institute of Chartered Accountants of Pakistan Page 25 of 153
Dynea Pakistan Limited
SAMPLE KEY AUDIT MATTERS Sector: Chemical Company: Dynea Pakistan Limited
The Institute of Chartered Accountants of Pakistan Page 26 of 153
SAMPLE KEY AUDIT MATTERS Sector: Chemical Company: Dynea Pakistan Limited
The Institute of Chartered Accountants of Pakistan Page 27 of 153
SAMPLE KEY AUDIT MATTERS Sector: Chemical Company: Sitara Chemical Industries Limited
The Institute of Chartered Accountants of Pakistan Page 28 of 153
Sitara Chemical Industries Limited
SAMPLE KEY AUDIT MATTERS Sector: Chemical Company: Sitara Chemical Industries Limited
The Institute of Chartered Accountants of Pakistan Page 29 of 153
SAMPLE KEY AUDIT MATTERS Sector: Commercial Banks Company: MCB Bank Limited
The Institute of Chartered Accountants of Pakistan Page 30 of 153
Sector: Commercial Banks
MCB Bank Limited
SAMPLE KEY AUDIT MATTERS Sector: Commercial Banks Company: MCB Bank Limited
The Institute of Chartered Accountants of Pakistan Page 31 of 153
SAMPLE KEY AUDIT MATTERS Sector: Commercial Banks Company: United Bank Limited
The Institute of Chartered Accountants of Pakistan Page 32 of 153
United Bank Limited
SAMPLE KEY AUDIT MATTERS Sector: Commercial Banks Company: United Bank Limited
The Institute of Chartered Accountants of Pakistan Page 33 of 153
SAMPLE KEY AUDIT MATTERS Sector: Commercial Banks Company: United Bank Limited
The Institute of Chartered Accountants of Pakistan Page 34 of 153
SAMPLE KEY AUDIT MATTERS Sector: Commercial Banks Company: National Bank of Pakistan
The Institute of Chartered Accountants of Pakistan Page 35 of 153
National Bank of Pakistan
SAMPLE KEY AUDIT MATTERS Sector: Commercial Banks Company: National Bank of Pakistan
The Institute of Chartered Accountants of Pakistan Page 36 of 153
SAMPLE KEY AUDIT MATTERS Sector: Engineering Company: Crescent Steel & Allied Products Limited
The Institute of Chartered Accountants of Pakistan Page 37 of 153
Sector: Engineering
Crescent Steel & Allied Products Limited
SAMPLE KEY AUDIT MATTERS Sector: Engineering Company: Crescent Steel & Allied Products Limited
The Institute of Chartered Accountants of Pakistan Page 38 of 153
SAMPLE KEY AUDIT MATTERS Sector: Engineering Company: Aisha Steel Mills Limited
The Institute of Chartered Accountants of Pakistan Page 39 of 153
Aisha Steel Mills Limited
SAMPLE KEY AUDIT MATTERS Sector: Engineering Company: Aisha Steel Mills Limited
The Institute of Chartered Accountants of Pakistan Page 40 of 153
SAMPLE KEY AUDIT MATTERS Sector: Engineering Company: Aisha Steel Mills Limited
The Institute of Chartered Accountants of Pakistan Page 41 of 153
SAMPLE KEY AUDIT MATTERS Sector: Engineering Company: Dadex Eternit Limited
The Institute of Chartered Accountants of Pakistan Page 42 of 153
Dadex Eternit Limited
SAMPLE KEY AUDIT MATTERS Sector: Engineering Company: Dadex Eternit Limited
The Institute of Chartered Accountants of Pakistan Page 43 of 153
SAMPLE KEY AUDIT MATTERS Sector: Engineering Company: Dadex Eternit Limited
The Institute of Chartered Accountants of Pakistan Page 44 of 153
SAMPLE KEY AUDIT MATTERS Sector: Food & Personal Care Products Company: Matco Foods Limited
The Institute of Chartered Accountants of Pakistan Page 45 of 153
Sector: Food & Personal Care Products
Matco Foods Limited
SAMPLE KEY AUDIT MATTERS Sector: Food & Personal Care Products Company: Matco Foods Limited
The Institute of Chartered Accountants of Pakistan Page 46 of 153
SAMPLE KEY AUDIT MATTERS Sector: Food & Personal Care Products Company: Gillette Pakistan Limited
The Institute of Chartered Accountants of Pakistan Page 47 of 153
Gillette Pakistan Limited
SAMPLE KEY AUDIT MATTERS Sector: Food & Personal Care Products Company: Gillette Pakistan Limited
The Institute of Chartered Accountants of Pakistan Page 48 of 153
SAMPLE KEY AUDIT MATTERS Sector: Fertilizer Company: Fauji Fertilizer Bin Qasim Limited
The Institute of Chartered Accountants of Pakistan Page 49 of 153
Sector: Fertilizer
Fauji Fertilizer Bin Qasim Limited
SAMPLE KEY AUDIT MATTERS Sector: Fertilizer Company: Fauji Fertilizer Bin Qasim Limited
The Institute of Chartered Accountants of Pakistan Page 50 of 153
SAMPLE KEY AUDIT MATTERS Sector: Fertilizer Company: Engro Fertilizers Limited
The Institute of Chartered Accountants of Pakistan Page 51 of 153
Engro Fertilizers Limited
SAMPLE KEY AUDIT MATTERS Sector: Fertilizer Company: Engro Fertilizers Limited
The Institute of Chartered Accountants of Pakistan Page 52 of 153
SAMPLE KEY AUDIT MATTERS Sector: Fertilizer Company: Engro Fertilizers Limited
The Institute of Chartered Accountants of Pakistan Page 53 of 153
SAMPLE KEY AUDIT MATTERS Sector: Fertilizer Company: Fatima Fertilizer Company Limited
The Institute of Chartered Accountants of Pakistan Page 54 of 153
Fatima Fertilizer Company Limited
SAMPLE KEY AUDIT MATTERS Sector: Glass & Ceramics Company: Tariq Glass Industries Limited
The Institute of Chartered Accountants of Pakistan Page 55 of 153
Sector: Glass & Ceramics
Tariq Glass Industries Limited
SAMPLE KEY AUDIT MATTERS Sector: Glass & Ceramics Company: Tariq Glass Industries Limited
The Institute of Chartered Accountants of Pakistan Page 56 of 153
SAMPLE KEY AUDIT MATTERS Sector: Glass & Ceramics Company: Ghani Value Glass Limited
The Institute of Chartered Accountants of Pakistan Page 57 of 153
Ghani Value Glass Limited
SAMPLE KEY AUDIT MATTERS Sector: Glass & Ceramics Company: Ghani Value Glass Limited
The Institute of Chartered Accountants of Pakistan Page 58 of 153
SAMPLE KEY AUDIT MATTERS Sector: Glass & Ceramics Company: Balochistan Glass Limited
The Institute of Chartered Accountants of Pakistan Page 59 of 153
Balochistan Glass Limited
SAMPLE KEY AUDIT MATTERS Sector: Glass & Ceramics Company: Balochistan Glass Limited
The Institute of Chartered Accountants of Pakistan Page 60 of 153
SAMPLE KEY AUDIT MATTERS Sector: Glass & Ceramics Company: Balochistan Glass Limited
The Institute of Chartered Accountants of Pakistan Page 61 of 153
SAMPLE KEY AUDIT MATTERS Sector: Investment Banks Company: Arif Habib Limited
The Institute of Chartered Accountants of Pakistan Page 62 of 153
Sector: Investment Banks
Arif Habib Limited
SAMPLE KEY AUDIT MATTERS Sector: Investment Banks Company: First Credit & Investment Bank Limited
The Institute of Chartered Accountants of Pakistan Page 63 of 153
First Credit & Investment Bank Limited
SAMPLE KEY AUDIT MATTERS Sector: Investment Banks Company: First Credit & Investment Bank Limited
The Institute of Chartered Accountants of Pakistan Page 64 of 153
SAMPLE KEY AUDIT MATTERS Sector: Insurance Company: Askari General Insurance Company Limited
The Institute of Chartered Accountants of Pakistan Page 65 of 153
Sector: Insurance
Askari General Insurance Company Limited
SAMPLE KEY AUDIT MATTERS Sector: Insurance Company: Askari General Insurance Company Limited
The Institute of Chartered Accountants of Pakistan Page 66 of 153
SAMPLE KEY AUDIT MATTERS Sector: Insurance Company: Askari General Insurance Company Limited
The Institute of Chartered Accountants of Pakistan Page 67 of 153
SAMPLE KEY AUDIT MATTERS Sector: Insurance Company: Premier Insurance Limited
The Institute of Chartered Accountants of Pakistan Page 68 of 153
Premier Insurance Limited
SAMPLE KEY AUDIT MATTERS Sector: Insurance Company: Premier Insurance Limited
The Institute of Chartered Accountants of Pakistan Page 69 of 153
SAMPLE KEY AUDIT MATTERS Sector: Insurance Company: The Universal Insurance Company Limited
The Institute of Chartered Accountants of Pakistan Page 70 of 153
The Universal Insurance Company Limited
SAMPLE KEY AUDIT MATTERS Sector: Leasing Companies Company: The Universal Insurance Company Limited
The Institute of Chartered Accountants of Pakistan Page 71 of 153
Sector: Leasing Companies
SAMPLE KEY AUDIT MATTERS Sector: Leasing Companies Company: Orix Leasing Pakistan Limited
The Institute of Chartered Accountants of Pakistan Page 72 of 153
Orix Leasing Pakistan Limited
SAMPLE KEY AUDIT MATTERS Sector: Leasing Companies Company: Pakistan Gulf Leasing Company Limited
The Institute of Chartered Accountants of Pakistan Page 73 of 153
Pakistan Gulf Leasing Company Limited
SAMPLE KEY AUDIT MATTERS Sector: Leasing Companies Company: Pakistan Gulf Leasing Company Limited
The Institute of Chartered Accountants of Pakistan Page 74 of 153
SAMPLE KEY AUDIT MATTERS Sector: Leather & Tanneries Company: Pak Leather Crafts Limited
The Institute of Chartered Accountants of Pakistan Page 75 of 153
Sector: Leather & Tanneries
Pak Leather Crafts Limited
SAMPLE KEY AUDIT MATTERS Sector: Miscellaneous Company: Pak Leather Crafts Limited
The Institute of Chartered Accountants of Pakistan Page 76 of 153
Sector: Miscellaneous
SAMPLE KEY AUDIT MATTERS Sector: Miscellaneous Company: Siddiqsons Tin Plate Limited
The Institute of Chartered Accountants of Pakistan Page 77 of 153
Siddiqsons Tin Plate Limited
SAMPLE KEY AUDIT MATTERS Sector: Miscellaneous Company: Ecopack Limited
The Institute of Chartered Accountants of Pakistan Page 78 of 153
Ecopack Limited
SAMPLE KEY AUDIT MATTERS Sector: Oil & Gas Exploration Company: Oil & Gas Development Company Limited
The Institute of Chartered Accountants of Pakistan Page 79 of 153
Sector: Oil & Gas Exploration
Oil & Gas Development Company Limited
SAMPLE KEY AUDIT MATTERS Sector: Oil & Gas Exploration Company: Oil & Gas Development Company Limited
The Institute of Chartered Accountants of Pakistan Page 80 of 153
SAMPLE KEY AUDIT MATTERS Sector: Oil & Gas Exploration Company: Oil & Gas Development Company Limited
The Institute of Chartered Accountants of Pakistan Page 81 of 153
SAMPLE KEY AUDIT MATTERS Sector: Oil & Gas Exploration Company: Oil & Gas Development Company Limited
The Institute of Chartered Accountants of Pakistan Page 82 of 153
SAMPLE KEY AUDIT MATTERS Sector: Oil & Gas Exploration Company: Oil & Gas Development Company Limited
The Institute of Chartered Accountants of Pakistan Page 83 of 153
SAMPLE KEY AUDIT MATTERS Sector: Oil & Gas Exploration Company: Mari Petroleum Company Limited
The Institute of Chartered Accountants of Pakistan Page 84 of 153
Mari Petroleum Company Limited
SAMPLE KEY AUDIT MATTERS Sector: Oil & Gas Exploration Company: Pakistan Petroleum Limited
The Institute of Chartered Accountants of Pakistan Page 85 of 153
Pakistan Petroleum Limited
SAMPLE KEY AUDIT MATTERS Sector: Oil & Gas Exploration Company: Pakistan Petroleum Limited
The Institute of Chartered Accountants of Pakistan Page 86 of 153
SAMPLE KEY AUDIT MATTERS Sector: Oil & Gas Exploration Company: Pakistan Petroleum Limited
The Institute of Chartered Accountants of Pakistan Page 87 of 153
SAMPLE KEY AUDIT MATTERS Sector: Oil & Gas Exploration Company: Pakistan Petroleum Limited
The Institute of Chartered Accountants of Pakistan Page 88 of 153
SAMPLE KEY AUDIT MATTERS Sector: Oil & Gas Exploration Company: Pakistan Petroleum Limited
The Institute of Chartered Accountants of Pakistan Page 89 of 153
SAMPLE KEY AUDIT MATTERS Sector: Oil & Gas Exploration Company: Pakistan Petroleum Limited
The Institute of Chartered Accountants of Pakistan Page 90 of 153
SAMPLE KEY AUDIT MATTERS Sector: Oil & Gas Marketing Company: Pakistan State Oil Company Limited
The Institute of Chartered Accountants of Pakistan Page 91 of 153
Sector: Oil & Gas Marketing
Pakistan State Oil Company Limited
SAMPLE KEY AUDIT MATTERS Sector: Oil & Gas Marketing Company: Pakistan State Oil Company Limited
The Institute of Chartered Accountants of Pakistan Page 92 of 153
SAMPLE KEY AUDIT MATTERS Sector: Oil & Gas Marketing Company: Pakistan State Oil Company Limited
The Institute of Chartered Accountants of Pakistan Page 93 of 153
SAMPLE KEY AUDIT MATTERS Sector: Oil & Gas Marketing Company: Burshane LPG (Pakistan) Limited
The Institute of Chartered Accountants of Pakistan Page 94 of 153
Burshane LPG (Pakistan) Limited
SAMPLE KEY AUDIT MATTERS Sector: Oil & Gas Marketing Company: Burshane LPG (Pakistan) Limited
The Institute of Chartered Accountants of Pakistan Page 95 of 153
SAMPLE KEY AUDIT MATTERS Sector: Oil & Gas Marketing Company: Burshane LPG (Pakistan) Limited
The Institute of Chartered Accountants of Pakistan Page 96 of 153
SAMPLE KEY AUDIT MATTERS Sector: Oil & Gas Marketing Company: Sui Northern Gas Pipelines Limited
The Institute of Chartered Accountants of Pakistan Page 97 of 153
Sui Northern Gas Pipelines Limited
SAMPLE KEY AUDIT MATTERS Sector: Oil & Gas Marketing Company: Sui Northern Gas Pipelines Limited
The Institute of Chartered Accountants of Pakistan Page 98 of 153
SAMPLE KEY AUDIT MATTERS Sector: Power Generation & Distribution Company: Altern Energy Limited
The Institute of Chartered Accountants of Pakistan Page 99 of 153
Sector: Power Generation & Distribution
Altern Energy Limited
SAMPLE KEY AUDIT MATTERS Sector: Power Generation & Distribution Company: Altern Energy Limited
The Institute of Chartered Accountants of Pakistan Page 100 of 153
SAMPLE KEY AUDIT MATTERS Sector: Power Generation & Distribution Company: The Hub Power Company Limited
The Institute of Chartered Accountants of Pakistan Page 101 of 153
The Hub Power Company Limited
SAMPLE KEY AUDIT MATTERS Sector: Power Generation & Distribution Company: The Hub Power Company Limited
The Institute of Chartered Accountants of Pakistan Page 102 of 153
SAMPLE KEY AUDIT MATTERS Sector: Power Generation & Distribution Company: S.G. Power Limited
The Institute of Chartered Accountants of Pakistan Page 103 of 153
S.G. Power Limited
