Biography

Waseem Ashfaq is a commerce graduate from Hailey College of Commerce, and a qualified Chartered Accountant since 1994. He has completed his articles from Ernst & Young Pakistan. After qualification, he has assumed senior positions in large and reputable companies in Mutual Fund Investment, Engineering, Construction, Telecom, Textile, Financial Institution, and Financial Consultancy sectors in Pakistan and abroad. Currently, he is a senior partner in H.A.M.D & Co. Chartered Accountants, and representing McMillan Woods Global Ltd (MCMWG) in Pakistan which is a global network and an association of independent local and regional firms of recognized qualified accountants and professional advisors. He is In-charge of Lahore office of the firm. The firm has a rich professional experience in the field of Accountancy, Auditing, Taxation, Consultancy, Human Resources, and Information Technology. The firm has partners’ office in Karachi and Islamabad as well. The firm is a QCR rated firm and is also in the panel of firms of chartered accountants maintained with the office of USAID/OIG to conduct financial audits of its grantees. Previously, in Saudi Arabia, he has worked with E. A. Juffali & Bors. Group, ZAD Investment Company and Saudi Binladin Group in senior finance position. In Pakistan, he held senior finance position in Descon Engineering Company and Pakistan Telecom Company. He has also worked with SECP as Director (Enforcement) and in projects funded by USAID and Norwegian Embassy as Chief Financial Officer, thus gaining an opportunity to apply good knowledge of financial management policies and corporate affairs of large business houses and international donor agencies. He has also attended ‘Workshop on USAID’s Financial Audit Programs for NGOs’ and Training on Forensic Audit organized by USAID/OIG and LUMS. Besides having vast experience in core professional areas of accountancy and auditing, he has gained expertise in system designing, process development, internal auditing, policy formulation, risk management, and control functions. Other expertise includes finance arrangement, negotiation with financial institutions for loans and interest rates settlements and authentication, project costing, budgeting & forecasting, feasibility studies, business advisory, financial management, business projections, cash flows, accounting and reports writing for use at various management tiers. In addition of fellow member of the Institute of Chartered Accountants of Pakistan, he is member of the Institute of Taxation Management, Pakistan; The Institute of Chartered Secretaries & Managers, Pakistan; Pakistan Institute of Public Finance Accountants, The Institute of Internal Auditors, Florida, USA (Pakistan Chapter) and Lahore Tax Bar Association.

FIRM DESCRIPTION

McMillan Woods Global (MCMWG) is a global network or association of independent local and regional firms of recognized qualified accountants and professional advisors. It was established for the purpose of providing members and their clients with the capability of furnishing a broader spectrum of accounting, auditing, advisory, and management services at a cutting edge cost-effective basis.

Services rendered include but not limited to technical assistance in traditional accounting, audit assurance, tax consulting, specialized services such as fiscal management, privatization support, litigation, Initial Public Offering (IPO), strategic brainstorming and planning, business valuation and even immigration application and the reformation of accounting systems.

MCMWG provides its independent members with the strength and capabilities of a large diverse pool of technical expertise and skills with wide geographical representation which otherwise would not be possible for a local firm alone. Members’ exchange of views and comments are often sought globally with solutions often obtained instantaneously at the internet technology speed.