Riaz Ahmed Company

Riaz Ahmad & Company: A Comprehensive Overview

1. Company Overview

Founding Date and Background

Riaz Ahmad & Company (RACO) was established in November 1956, marking its presence in the accounting and consulting industry over six decades ago. The firm has grown into a reputable independent practice, providing a wide array of professional services to clients across various sectors.

Parent Company/Ownership Structure

RACO is a member of Nexia International, a global network of independent accounting and consulting firms. This affiliation allows RACO to leverage international resources and expertise, enhancing its service offerings to clients with global needs.

Headquarters Location

The firm is headquartered in Faisalabad, Punjab, Pakistan, with additional offices strategically located in major financial districts, including Lahore, Islamabad, and Karachi.

Global Business Scope

Riaz Ahmad & Company operates within a worldwide network, Nexia International, which spans 117 countries. This global reach enables RACO to cater to both national and international clients, ensuring high-quality service delivery that meets diverse business requirements.

Main Regulatory Bodies

RACO adheres to the regulatory standards set forth by various professional bodies within Pakistan, including the Institute of Chartered Accountants of Pakistan (ICAP) and the Securities and Exchange Commission of Pakistan (SECP).

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2. Company History and Development

Key Milestones

Since its inception in 1956, RACO has achieved several key milestones, including its membership in Nexia International in the early 2000s, which significantly enhanced its service capabilities and market reach.

Business Expansion Journey

The firm has expanded its operations by establishing multiple offices in major cities across Pakistan, allowing it to serve a broader client base. This expansion reflects RACO's commitment to providing localized services while maintaining international standards.

Customer Base Growth

Over the years, RACO has developed a diverse clientele, including small and medium-sized enterprises (SMEs), large corporations, and government entities. The firms ability to adapt to the evolving needs of its clients has been instrumental in its growth trajectory.

Platform Development History

RACO has continually refined its service offerings, investing in technology and training to enhance its audit, tax, and consulting services. This commitment to improvement has enabled the firm to remain competitive in a dynamic market.

Important Awards or Recognitions Received

RACO has received various accolades over the years, recognizing its excellence in audit and consulting services. These awards underscore the firm's dedication to quality and client satisfaction.

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3. Trading Services Offered

Forex Trading Options

Riaz Ahmad & Company provides a range of trading services, including forex trading. The firm offers multiple currency pairs, allowing clients to engage in foreign exchange markets effectively. Specific details on the number of currency pairs can be obtained directly from RACO.

Stock Trading Options

In addition to forex, RACO offers stock trading services, enabling clients to invest in national and international equities. The firm provides insights and advisory services to help clients make informed investment decisions.

CFD Trading Products

RACO also facilitates Contracts for Difference (CFDs), allowing clients to speculate on price movements of various assets without owning the underlying assets. This service provides clients with opportunities to hedge their investments and maximize potential returns.

Other Financial Instruments

The firm offers a variety of financial instruments, including commodities and cryptocurrencies. This diverse portfolio allows clients to diversify their investment strategies and manage risks effectively.

Special Services or Unique Advantages

RACO distinguishes itself through personalized advisory services tailored to individual client needs. The firms extensive experience and affiliation with Nexia International provide clients with unique advantages, including access to global insights and best practices.

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4. Regulatory and Legal Background

Detailed Regulatory Information

Riaz Ahmad & Company operates under the regulations of several key bodies:

• Institute of Chartered Accountants of Pakistan (ICAP)
• Securities and Exchange Commission of Pakistan (SECP)
• International Federation of Accountants (IFAC)

These regulatory bodies ensure that RACO adheres to the highest standards of practice and ethics in its operations.

Legal Entity Structure by Region

RACO functions as a partnership entity, with its legal structure compliant with Pakistani laws and regulations governing accounting firms. This structure is designed to ensure accountability and transparency in its operations.

Client Fund Protection Measures

RACO implements stringent measures to protect client funds, including maintaining segregated accounts and adhering to best practices in financial management. These measures are crucial in building trust and ensuring client confidence.

Countries/Regions Served

While primarily focused on the Pakistani market, RACOs affiliation with Nexia International enables it to serve clients across various regions, including North America, Europe, and Asia-Pacific.

Compliance History

RACO maintains a strong compliance record, regularly undergoing audits and reviews by regulatory bodies to ensure adherence to established standards. This commitment to compliance is fundamental to the firms reputation.

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5. Competitive Landscape

3-5 Main Competitors

Riaz Ahmad & Company faces competition from several firms in the accounting and consulting sector, including:

• Deloitte
• KPMG
• PwC
• Ernst & Young

These firms are well-established players in the market, offering similar services and competing for the same client base.

Positioning in the Industry

RACO positions itself as a reliable and client-focused firm that emphasizes personalized service and deep industry knowledge. Its affiliation with Nexia International further strengthens its competitive stance, allowing it to leverage global resources.

Market Differentiation Factors

RACO differentiates itself through its long-standing history, local expertise, and commitment to quality service. The firms ability to provide tailored solutions and its extensive network within Nexia International set it apart from competitors.

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In conclusion, Riaz Ahmad & Company has established itself as a prominent player in the accounting and consulting industry in Pakistan. With a rich history, a diverse range of services, and a commitment to compliance and client satisfaction, RACO continues to thrive in a competitive landscape. For more information about RACO's services and offerings, learn more.