The Federal Board of Revenue (FBR) has announced the appointment of 102 sector and audit experts to conduct field audits across 42 key sectors and industries in Pakistan.
As per reports, the FBR has identified a broad list of 42 sectors, including automotive, aviation, banks, beverages, cement, ceramics, chemicals, coal, departmental stores, edible oil, education, electronics, fertilizer, flour mills, food importers, IT, mobile manufacturers, paper manufacturers, poultry, real estate, restaurants, telecom, textiles, and tobacco.
In the first phase, the FBR will focus on auditing 14 major sectors, including automotive, textile, iron and steel, independent power producers (IPP) and distribution companies (DISCOs), pharmaceuticals, finance, insurance, banks, sugar, chemicals, fertilizers, real estate, petroleum, and tobacco.
Third-party auditors will be hired to ensure quality and consistency in the audits. A selection committee will be formed to assess the suitability of the experts, with the process conducted either in person or virtually.Â
FBR has emphasized that the HR firms responsible for selecting the experts must ensure the quality of audit mentors, in line with the requirements set by the field formations.
