March 12, 2018

Mr. Abdul Rehman

Manager Accounts
Hua Yang (Pvt.) Ltd.
321-Upper Mall
Lahore

DOCUMENTS/INFORMATION REQUIRED FOR THE AUDIT OF YEAR ENDED ON 30 JUNE 2017

OF NETSOL INNOVATION (PVT) LTD.

Sir,

This is with reference to the above cited subject please provide us with the following documents/information for
the conduct of annual audit of Hua Yang (Pvt.) Limited so that we might be able to conclude our assignment
timely and efficiently.

General:

1) Provide names of the following:

a) Company Secretary
b) Legal Advisor(s)
c) Tax Advisor
d) Banks (together with bank statements of each account)
2) A document that exhibits the structure of the organization and the board of directors (BOD).
3) Remuneration of key management personnel including directors and CEO.
4) The BOD resolution regarding addition/deletion in fixed assets during the year 2017.
5) Provide supporting including vouchers, daybooks and other documents and papers.
6) List of authorized signatories.

Corporate and Taxation Documents:

7) Certified copies of the latest annual return of the company (Form –A), Form 29 or any other
documents filed with SECP, and memorandum and articles of association.
8) The minutes of board of directors meeting held during the year and the pattern of shareholding.
9) Monthly statements of tax deducted and deposited on payment of salaries and supplies & services
under section 165 of the Income Tax Ordinance 2001.

H.Y.K. & Company.

Chartered Accountants. Page 1 of 4
10) Access to all the files containing complete correspondence with SECP, FBR and other regulatory
authorities during the period.

Balance Sheet:

Assets:
11) Provide fixed asset register. Also provide copy of invoices for the asset purchased.

Inventory:
12) Provide good declarations (GDs) regarding inventory.

Prepayments:
13) Provide amortization schedule.

14) Provide consultancy agreements.

Security Deposits:
15) Agreement for security deposits amounting to Rs. 260,000.
Cash & Bank

16) Complete bank statement of each account held by the Company in its name.

Liability:
Loan from directors
17) Provide agreement with respect to said loan.
18) Supporting documents for advance from customers.

Profit & Loss Account:

19) The signed salary sheets and detail of employees existing on 30 June 2017 along with the list of
leavers and joiners during the year.

20) Month wise detail of electricity and telephone bills.

21) Mobile phone expense limits policy.
22) The list of employees to whom internet connection facility provided on behalf of the company.
23) The list of employees traveled during the period along with date of travel and date of return.
24) Provide rent agreement for office rent.
25) Provide consultancy agreements.

H.Y.K. & Company.

Chartered Accountants. Page 2 of 4
Any other information which the management wants to share, also to inform you that this list is not exhaustive as
further information would also be called for with the progress of the audit execution. In case you need any
clarification please don’t hesitate to contact the undersigned.

Looking forward to your early response in this regard.

Amina Aslam
Job In Charge
H.Y.K& Company.
(Chartered Accountants)

H.Y.K. & Company.

Chartered Accountants. Page 3 of 4
 Annexure-1

Netsol Innovation (Private) Limited

This is with reference to the planning of Audit Engagement for the year ended June 30, 2017.
You are requested to provide the required documents/Information as listed below:

1. Training program process guide

2. List of commercial/ free ware/ open source software
3. Server installation checklist

This list is not exhaustive, hence further documents/information may be required from
time to time during the engagement proceeding.
Your prompt response in this regard will be highly appreciated.

H.Y.K. & Company.

Chartered Accountants. Page 4 of 4