Professional Qualifications and Current Roles

Mr. Asad is a distinguished Fellow Member of the Institute of Chartered Accountants of Pakistan (ICAP), the Association of Chartered Certified Accountants (ACCA) of the United Kingdom, the Institute of Taxation Management, and the Pakistan Institute of Public Finance Accountants. He has also completed a law degree, adding further depth to his professional credentials. Currently, Mr. Asad serves as Chairman and member of ICAP’s Northern Regional Committee and is a Partner-in-Charge at the Lahore Office of Junaidy Shoaib Asad, Chartered Accountants, which is an independent member of Morison KS International. His primary focus is on tax consultancy and management advisory services, with a career spanning 14 years of high-quality experience.

Early Career and Technical Experience

Mr. Asad’s early career included four years at A.F. Ferguson & Co. (PWC Pakistan), Lahore Office, where he gained comprehensive experience in external and internal audit, due diligence, financial restructuring, policy and procedural development, risk management, internal audit report preparation, and audit coordination. His exposure extended across audits of multinational and listed companies, as well as special review assignments such as half-yearly financial statements, compliance with the Code of Corporate Governance, SOX, transfer pricing, royalty and dividend remittance, management reports, feasibility studies, and more. He played a pivotal role in assignments related to mergers and acquisitions, due diligence, and corporate restructuring.

Tax Consultancy and Management Roles

As a tax consultant, Mr. Asad regularly appears before appellate forums and is credited with reported case laws in renowned law journals. He has significant involvement in strategic planning, budget administration, staff development, and process improvement within his firm. His responsibilities have included countrywide quality assurance for clients of Muniff Ziauddin Junaidy & Company, an “A” category firm recognized by the State Bank of Pakistan. Notably, he was the engagement partner during Federal Board of Revenue (FBR) allocated tax audits.

Sector Experience and Philanthropy

His sector experience is extensive, covering manufacturing, services, banking, insurance, oil and gas, and leasing. Beyond his professional practice, Mr. Asad is actively involved in philanthropic work with various non-profit organizations. He is also known for his role in professional development, frequently conducting training sessions and speaking at numerous seminars and forums. His speaking and moderation engagements include the CA Pakistan Gold Medal & Certificate Ceremony, SECP-ICAP sessions, ICAP and ACCA post-budget seminars, workshops on corporate governance, Islamic finance, sales tax, value of audit, and training for Federal Board of Revenue officials, Silk Bank, SMEDA, and the State Bank of Pakistan, among others.

Committee Work and Professional Contributions

Mr. Asad’s contributions also encompass significant committee work. He has served as a subcommittee member for ICAP’s Auditing Standards Committee, participated in revising the Code of Corporate Governance Checklist, and contributed to research comparing the Sarbanes-Oxley Act with Pakistan’s Code of Corporate Governance. He has represented the profession at international forums, including the World Congress of Accountants and workshops organized by USAID.

Academic Involvement

In academia, Mr. Asad has been a visiting faculty member at The Professionals’ Academy of Commerce since 2006, teaching mercantile law, business and corporate law, and taxation for CA and ACCA students. He also taught at the University of Central Punjab, covering courses in corporate finance, managerial finance, and securities analysis.

Academic Achievements

His academic achievements are impressive, having received a Gold Medal for first position in the Intermediate Examination (Humanities Group Boys) from the Board of Intermediate and Secondary Education Lahore, a Silver Medal from Punjab Textbook Board, and further honors from Government College Lahore. He also secured third position in the Bachelor of Arts Examination at the University of Punjab and has won multiple prizes at Crescent Model Higher Secondary School Lahore.

Conclusion

Overall, Mr. Asad’s profile demonstrates a blend of technical expertise in finance, taxation, audit, and law, significant contributions to professional forums and academia, and a commitment to service and leadership in the accounting profession.