09-26-2003, 08:30 PM
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One thing more IAS does require disclosure of departure from a provision of IAS however in case of Pakistan, if you refer new statement of compliance required to be included in accounting policy now makes it clear that if there is a conflict than the Cos ordinance has precedence
In case of departure other than resulting from a conflict with the law needs to be disclosed.
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One thing more IAS does require disclosure of departure from a provision of IAS however in case of Pakistan, if you refer new statement of compliance required to be included in accounting policy now makes it clear that if there is a conflict than the Cos ordinance has precedence
In case of departure other than resulting from a conflict with the law needs to be disclosed.
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