Building a Value Added Internal Audit Function for Family Owned Businesses

Building a value added Internal Audit Function for Family Owned Businesses

Course Objective

Family owned businesses are recognized today as a dominant form of business enterprise. Internal audit function, if structured and developed correctly can bring great value to business owners.

This course will introduce participants to:

  • New and emerging tools and techniques in building out IA functions in family owned businesses
  • Emerging thought leadership on Risk Management and the conversion of Risk Management and Internal Audit in family owned businesses
  • Effective techniques for communication and reporting in family owned businesses.
Who Should Attend:

Family members, business-owners, partners keen to take their organizations’ audit to modernize the reporting system in their organization.
Internal Auditors, CFOs, Compliance heads, and Risk Consultants belonging to Family-Owned Businesses.

Does Your Organization Fall Into Family-Owned Businesses?

Your organization is Family-Owned if:

  1. Founder – owned and managed businesses, whether sole proprietorship, partnership, private limited companies etc.
  2. The family runs and manages the business
  3. The management is in the hands of the professionals but control, governance and supervision rests with the family.
  4. Family controlled businesses, where there are other diverse shareholders, but the control is held by the family. Publicly listed companies also fall into this category.
Significance of Family-Owned Businesses in Pakistan

SMEs & Family-Owned Businesses constitute nearly 90% of all the enterprises in Pakistan; employ 80% of the non-agricultural labor force; and their share in the annual GDP is approximately 40%.

Course Content and Agenda
  • Setting the context for Internal Audit Function in Family Owned Businesses
  • Discussion around unique dynamics of Family Owned Businesses
  • Understanding stakeholders
  • Developing communication protocols
  • Introduction to modern tools for reporting in Family Owned Businesses
  • Internal Audit as an implementation and change management agent
  • Providing a context to Risk Management and the overlap with Internal Audit

Course Director

Zulfikar Ali Causer, FCA, CPA, CA (Canada)

Partner, BDO Ebrahim & Co.

Mr. Zulfikar Causer qualified as a Chartered Accountant with Ernst & Young in Toronto, Canada and is a member of the Institute of Chartered Accountants of Ontario and the Canadian Institute of Chartered Accountants. He is also a Fellow Member of the Institute of Chartered Accountants of Pakistan. In 2014, Zulfikar has been selected as one of seven Partners globally to participate in the BDO Global Partners Leadership Program.

Guest Speaker:

S. Shomail A. Naqvi

Chief Executive,
Transformation Professionals (Pvt.) Ltd.

Shomail has around 17 years of experience in providing Assurance and Advisory services in UK and Pakistan and has previously served as the Country Head Pakistan and Group Head of Audit and Finance for J. Awan & Partners, Senior Manager at KPMG Taseer Hadi and Co. responsible for managing the Internal Audit, Risk and Compliance Services (IARCS) function. In UK Shomail was associated with the Banking Sector serving as the Deputy Head of Audit for Habib Bank AG Zurich (HBZ) UK and HBL UK. Shomail started his career from and was associated with KPMG UK as part of the Assurance and IT Advisory function. Shomail is a Certified Internal Control Auditor, an Internal Audit Practitioner and a Bachelors in Accounting (University of Essex – UK).

Date: Thursday, May 2, 2019
Venue: Pearl Continental Hotel, Karachi
Time: 10:30 am to 4:30 pm


For further information please contact
Marya Saeed
+92 21 3483 3775
+92 330 3184168 / 0300 213 3849


Terrabiz Cancellation Policy

For cancellations made in the 7 working days to the workshop, no refunds will be given. Cancellations must be confirmed by email. Substitutions may be made at any time.

Registration Investment
Group Discount 10% Discount

on 3 or more nominations from the same organization
15% Discount for members of ICAP, ICMAP, IIA and CFA Society of Pakistan
(For larger groups, please send us a note at

*Discounts are mutually exclusive

Regular Fee: Rs. 19,500 per participant
Includes courseware, certificate, lunch, refreshments and business networking

Print Media Partner

Business Magazine Partner

International Partner

Course Director

Zulfikar Ali Causer, FCA, CPA, CA (Canada)

Partner, BDO Ebrahim & Co.

Guest Speaker:

S. Shomail A. Naqvi

Chief Executive, Transformation Professionals (Pvt.) Ltd.

Date : May 2, 2019
Time : 10:30 am to 4:30 pm
Venue : Pearl Continental Hotel, Karachi

Fee : Rs. 19,500 per participant