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Audited Financial Statements

Message from Ernst & Young Ford Rhodes Sidat Hyder.

We have audited the annexed balance sheet of INSAF Network Pakistan (“the Society”) as at 30th June 2014 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 Society’s 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 the audited statements as applicable is Pakistan. These standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosure 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 believed that our audit provides a reasonable basis for our opinion.

Opinion

In our opinion, the financial statements present fairly in all material respects the financial position of the Society as at 30 June 2014 and of its deficit for the year then ended in accordance with the approved accounting standards as applicable in Pakistan.

 

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