At Sterling, we offer Special Purpose Audit Services tailored to meet specific reporting objectives beyond traditional financial audits. These audits are often required by regulators, investors, donors, lenders, or company management for unique or limited scopes. Whether it’s a grant utilization review, a compliance audit, or a financial statement prepared on a specific basis, our team provides accurate, objective, and reliable assurance in line with International Standards on Auditing (ISA).
Who Needs a Special Purpose Audit?
Businesses with funding or grant requirements
Organizations preparing financials under a special framework (e.g., cash basis, tax basis)
Entities undergoing restructuring, liquidation, or merger
Companies required to submit specific audit reports to lenders, regulators, or joint venture partners
NGOs or NPOs requiring donor-specific reporting and fund tracking
Startups or SMEs seeking investor assurance on specific financial aspects
Our Special Purpose Audit Services Include
Audit of Specific Financial Statements
Review of isolated financial components such as revenue, grants, or expenses as required by stakeholders.
Donor & Grant Audits
Verification that funds received from donors or agencies are used in accordance with the grant agreement.
Compliance Audits
Assessment of whether the entity complies with particular laws, covenants, contracts, or internal policies.
Tax-Based or Regulatory Basis Audits
Preparation and audit of financials prepared under FBR or SECP-specific frameworks rather than full IFRS.
Audit for Liquidation or Business Transfer
Special audit procedures for companies in the process of winding up, demerging, or transferring ownership.
Agreed-Upon Procedures (AUP)
Customized audit procedures agreed in advance between the auditor and client, with factual findings and no audit opinion.
What You’ll Need to Prepare
Engagement letter outlining the specific purpose of the audit
Access to relevant financial records, ledgers, and documents
Copy of donor agreements, regulatory notices, or third-party requirements
Any specific reporting format or compliance checklist
Prior financial statements or special reports (if applicable)
Management representation on the audit scope and data provided
A custom document checklist will be shared upon engagement based on the nature of your audit.
Why Choose Sterling?
Qualified and Experienced Auditors
We bring extensive experience in performing tailored audits for NGOs, corporates, and regulated sectors.
Clarity and Transparency
Our special purpose reports clearly outline the audit scope, criteria, findings, and limitations.
Quick Turnaround
We understand that special audits often have tight timelines and we work efficiently to meet your deadlines.
Flexible & Client-Focused
We adapt to your reporting framework, jurisdiction, and unique stakeholder expectations.
Independence and Professionalism
We uphold strict objectivity and integrity, ensuring that our reports can be confidently shared with third parties.