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“Chemical Industries of Pakistan”
“Auditor’s opinion on Annual Reports of Chemical Sector Industries”
Subject: Corporate Governance
Submitted To: Sir Ishtiaq Ahmed
Class: MBA-V Submitted By:
1. Qasim Raza
2. M. Usman Ahmed
Department of Management Science
NATIONAL UNIVERSITY OF MODERN LANGUAGES
SECTOR H-9, ISLAMABAD
1
“Chemical Industries of Pakistan”
Sr.No. Company
Name
Auditor’s
Name
Year Unqualified
Opinion
Qualified
Opinion
Disclaimer Adverse
1. Engro
Chemicals
Ltd. Pakistan
KPMG Taseer
Hadi & Co. 2007 True and Fair
view
- - -
KPMG Taseer
Hadi & Co. 2008
True and Fair
view - - -
A.F. Ferguson
& Co. 2009
True and Fair
view - - -
A.F. Ferguson
& Co. 2010
True and Fair
view - - -
A.F. Ferguson
& Co. 2011
True and Fair
view - - -
2. ICI Pakistan KPMG Taseer
Hadi & Co. 2007
True and Fair
view - - -
KPMG Taseer
Hadi & Co. 2008
True and Fair
view - - -
KPMG Taseer
Hadi & Co. 2009
True and Fair
view - - -
KPMG Taseer
Hadi & Co. 2010
True and Fair
view - - -
KPMG Taseer
Hadi & Co. 2011
True and Fair
view - - -
3. Ittehad
Chemicals
Ltd. Pakistan
BDO Ebrahim
& Co. 2007
True and Fair
view - - -
BDO Ebrahim
& Co. 2008
True and Fair
view - - -
BDO Ebrahim
& Co. 2009
True and Fair
view - - -
BDO Ebrahim
& Co. 2010
True and Fair
view - - -
BDO Ebrahim
& Co. 2011
True and Fair
view - - -
4. Nimir
Chemicals
Ltd. Pakistan
Ford Rhodes
Sidat Hyder &
Co.
2007
True and Fair
view - - -
Ford Rhodes
Sidat Hyder &
Co.
2008
True and Fair
view - - -
Ford Rhodes
Sidat Hyder &
Co.
2009
True and Fair
view - - -
1
Ernst &
Young Ford
Rhodes Sidat
Hyder & Co.
2010
True and Fair
view - - -
Ernst &
Young Ford
Rhodes Sidat
Hyder & Co.
2011
True and Fair
view - -
-
5. Sitara
Chemical
Ltd. Pakistan
M. Yousuf
Adil Saleem
& Co.
2006
True and Fair
view - - -
M. Yousuf
Adil Saleem
& Co.
2007
True and Fair
view - - -
M. Yousuf
Adil Saleem
& Co.
2008
True and Fair
view - - -
M. Yousuf
Adil Saleem
& Co.
2009
True and Fair
view - - -
M. Yousuf
Adil Saleem
& Co.
2010
True and Fair
view - - -
6. Wah Nobel
Chemicals
Ltd. Pakistan
Anjum Asim
Shahid
Rehman &
Co.
2008
True and Fair
view - - -
Anjum Asim
Shahid
Rehman &
Co.
2009
True and Fair
view - - -
Anjum Asim
Shahid
Rehman &
Co.
2010
True and Fair
view - - -
Anjum Asim
Shahid
Rehman &
Co.
2011
True and Fair
view - - -
7. Sardar
Chemicals
Ltd. Pakistan
Aslam Malik
& Co.
2011
True and Fair
view
- - -
1
8. Dynea
Chemical
Ltd. Pakistan
Ernst &
Young Ford
Rhodes Sidat
Hyder & Co.
2007
True and Fair
view - - -
Ernst &
Young Ford
Rhodes Sidat
Hyder & Co.
2008
True and Fair
view - - -
Ernst &
Young Ford
Rhodes Sidat
Hyder & Co.
2009
True and Fair
view - - -
Ernst &
Young Ford
Rhodes Sidat
Hyder & Co.
2010
True and Fair
view - - -
Ernst &
Young Ford
Rhodes Sidat
Hyder & Co.
2011
True and Fair
view - - -
9. Biafo
Chemical
Ltd. Pakistan
KPMG Taseer
Hadi & Co. 2006
True and Fair
view - - -
KPMG Taseer
Hadi & Co. 2007
True and Fair
view - - -
KPMG Taseer
Hadi & Co. 2008
True and Fair
view - - -
KPMG Taseer
Hadi & Co. 2009
True and Fair
view - - -
KPMG Taseer
Hadi & Co. 2010
True and Fair
view - - -
KPMG Taseer
Hadi & Co. 2011
True and Fair
view - - -
References:
Available on Demand

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Auditor's Opinion on Chemical Industry

  • 1. 1 “Chemical Industries of Pakistan” “Auditor’s opinion on Annual Reports of Chemical Sector Industries” Subject: Corporate Governance Submitted To: Sir Ishtiaq Ahmed Class: MBA-V Submitted By: 1. Qasim Raza 2. M. Usman Ahmed Department of Management Science NATIONAL UNIVERSITY OF MODERN LANGUAGES SECTOR H-9, ISLAMABAD
  • 2. 1 “Chemical Industries of Pakistan” Sr.No. Company Name Auditor’s Name Year Unqualified Opinion Qualified Opinion Disclaimer Adverse 1. Engro Chemicals Ltd. Pakistan KPMG Taseer Hadi & Co. 2007 True and Fair view - - - KPMG Taseer Hadi & Co. 2008 True and Fair view - - - A.F. Ferguson & Co. 2009 True and Fair view - - - A.F. Ferguson & Co. 2010 True and Fair view - - - A.F. Ferguson & Co. 2011 True and Fair view - - - 2. ICI Pakistan KPMG Taseer Hadi & Co. 2007 True and Fair view - - - KPMG Taseer Hadi & Co. 2008 True and Fair view - - - KPMG Taseer Hadi & Co. 2009 True and Fair view - - - KPMG Taseer Hadi & Co. 2010 True and Fair view - - - KPMG Taseer Hadi & Co. 2011 True and Fair view - - - 3. Ittehad Chemicals Ltd. Pakistan BDO Ebrahim & Co. 2007 True and Fair view - - - BDO Ebrahim & Co. 2008 True and Fair view - - - BDO Ebrahim & Co. 2009 True and Fair view - - - BDO Ebrahim & Co. 2010 True and Fair view - - - BDO Ebrahim & Co. 2011 True and Fair view - - - 4. Nimir Chemicals Ltd. Pakistan Ford Rhodes Sidat Hyder & Co. 2007 True and Fair view - - - Ford Rhodes Sidat Hyder & Co. 2008 True and Fair view - - - Ford Rhodes Sidat Hyder & Co. 2009 True and Fair view - - -
  • 3. 1 Ernst & Young Ford Rhodes Sidat Hyder & Co. 2010 True and Fair view - - - Ernst & Young Ford Rhodes Sidat Hyder & Co. 2011 True and Fair view - - - 5. Sitara Chemical Ltd. Pakistan M. Yousuf Adil Saleem & Co. 2006 True and Fair view - - - M. Yousuf Adil Saleem & Co. 2007 True and Fair view - - - M. Yousuf Adil Saleem & Co. 2008 True and Fair view - - - M. Yousuf Adil Saleem & Co. 2009 True and Fair view - - - M. Yousuf Adil Saleem & Co. 2010 True and Fair view - - - 6. Wah Nobel Chemicals Ltd. Pakistan Anjum Asim Shahid Rehman & Co. 2008 True and Fair view - - - Anjum Asim Shahid Rehman & Co. 2009 True and Fair view - - - Anjum Asim Shahid Rehman & Co. 2010 True and Fair view - - - Anjum Asim Shahid Rehman & Co. 2011 True and Fair view - - - 7. Sardar Chemicals Ltd. Pakistan Aslam Malik & Co. 2011 True and Fair view - - -
  • 4. 1 8. Dynea Chemical Ltd. Pakistan Ernst & Young Ford Rhodes Sidat Hyder & Co. 2007 True and Fair view - - - Ernst & Young Ford Rhodes Sidat Hyder & Co. 2008 True and Fair view - - - Ernst & Young Ford Rhodes Sidat Hyder & Co. 2009 True and Fair view - - - Ernst & Young Ford Rhodes Sidat Hyder & Co. 2010 True and Fair view - - - Ernst & Young Ford Rhodes Sidat Hyder & Co. 2011 True and Fair view - - - 9. Biafo Chemical Ltd. Pakistan KPMG Taseer Hadi & Co. 2006 True and Fair view - - - KPMG Taseer Hadi & Co. 2007 True and Fair view - - - KPMG Taseer Hadi & Co. 2008 True and Fair view - - - KPMG Taseer Hadi & Co. 2009 True and Fair view - - - KPMG Taseer Hadi & Co. 2010 True and Fair view - - - KPMG Taseer Hadi & Co. 2011 True and Fair view - - - References: Available on Demand