Horwath Hussain
Chaudhury & Co was established in 1947 in Lahore,
the year of Pakistan's independence by Mr. M
Hussain Chaudhury. In a very short span of time,
the Firm set-up a national presence with offices
in Karachi and Rawalpindi, the two other major
cities of Pakistan. In 1950 Mr. Hussain
established the first accounting training centre
in Pakistan "Hussain Institute of Accountancy"
which was recognized by then Government to oversea
and regulates the training needs of Chartered
Accountants in Pakistan. Subsequently, in 1961 Mr.
M Hussain played a pivotal role in the
establishment of the existing institute of
Chartered Accountants of Pakistan (ICAP). In
recognition of his services to the accounting
profession Mr. M. Hussain Chaudhury was honored as
being recorded as the first member in the register
of members maintained by ICAP since 1961.
In 1997, in view
of the increasing globalization of businesses and
in response to the growing demands of local
businesses, the firm entered into an affiliation
with Horwath International that is one of the
world's largest network of independent accounting
firms with 400 offices in over 100 countries. The
firm in 2004 became a full member of Horwath
International and incorporated the Horwath name in
its name.
In 2000, the Firm launched
its IT consulting arm through becoming a value
added reseller of ACCPAC International's
(subsidiary of Sage PIc) financial accounting and
business management software. Peresoft Cash Book
and MISys manufacturing software. Within a span of
few years, it had become one of the leading ERP
implementation consulting firm.
In 2001 the Firm set-up a
fully functional back office using state of the
art technology to undertake outsourcing functions
relating to accounting, payroll and finance for
businesses based locally and offshore. Our back
office can provide both online as well as offline
services using the latest accounting softwares.
The Firm has 6
partners/directors and an overall staff strength
of over 100 with the head office in Lahore and
branch offices in Karachi and Rawalpindi giving
the Firm a national coverage.
The Firm is only
one of the few Pakistani firms to be registered
with public Company Accounting Oversight Board,
USA (PCAOB) that regulates audit firms providing
services to quoted US companies around the world.