PKF F.R.A.T.S

Abstract

PKF F.R.A.T.S. is a well-known Pakistani accounting and financial services organization. My time as an intern at PKF F.R.A.T.S. is detailed in this report. PKF F.R.A.N.T.S. Pakistan & Afghanistan Chartered Accountants, a member firm of PKF International, is more than 30 years old firm, providing professional services in the fields of audit, accounting, tax and business management consultancy, Transaction advisory, merger and acquisition, IT Audits, Internet based trading system audits, penetration testing, to a wide range of clientele. The firms has 10 qualified partners and adequate qualified staff and has 7 locations in Pakistan and Afghanistan. This report serves as an overview of the company, its operations, and the skills I honed throughout my internship. With an emphasis on the company's collaborative culture, the first section gives an introduction of PKF F.R.A.N.T.S., including its objectives, mission, rivals, and organizational structure. The next section is the firm structure and SWOT analysis of the firm PKF Frants Pakistan may have a strong reputation in the market, backed by years of experience and expertise in the financial and consulting services. If PKF Frants Pakistan heavily relies on a few clients or operates within limited industries, it might be vulnerable to economic downturns in those sectors. Exploring new geographical areas or untapped markets can provide growth opportunities. Intense competition from other financial and consulting firms can pose a threat to market share. The next section details my internship experience, including the tasks I was responsible for, the time I spent there, and the specific department I was assigned to. The Audit Department was where I did my internship work. Preparing financial accounts, conducting audits, identifying problem areas and suggesting controls to improve the business operations of the various clients. I was under the supervision of Mr. Hamid, one of the two heads of the department of audit. I was assigned to work with Mr. Abuzar my supervisor. Throughout my internship, and he was important in my success. Overall, it's running well, but there are a few setbacks with time management, desk assignments, and workload inequality. Clients come in all shapes and sizes. The company is striving to improve daily and is one of those ever-growing businesses whose management is always looking for new ways to fix the problems that already exist.