Karachi: Dated: September 20, 2017
We have audited the annexed balance sheet of the IDARA AL-KHAIR WELFARE SOCIETY, as at 30 June 2017 and the related income and expenditure account together with the notes forming part thereof (here-in-after referred to as the financial statements for the year then ended). It is the responsibility of the management to establish and maintain a system of internal control, and prepare and present the financial statements in conformity with the approved accounting standards as applicable in Pakistan. Our responsibility is to express an opinion on these financial statements based on our audit.
We conducted our audit in accordance with generally accepted auditing standards. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement & financial mismanagement. An audit includes examining on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting policies used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion.
In our opinion, the financial statements present fairly in all material respects the financial position of the IDARA AL-KHA IR WELFARE SOCIETY, as at 30 June 2017 for the year then ended in accordance with the approved accounting standards as applicable in Pakistan.
Chartered Accountants of Sajid & Co.2017