News
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KPMG linked to Worldcom tax scam
A court examiner accused accounting firm KPMG of helping WorldCom avoid paying hundreds of millions of dollars in state taxes.…
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Auditor Concern Arises at Tyco Trial
Lawyers for the former chief executive of Tyco International, L. Dennis Kozlowski, asked a New York judge to keep prosecutors…
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IFAC Releases Guidance to Assist Public Sector Entities with Transition from Cash Basis to Accrual
The International Federation of Accountants' (IFAC's) Public Sector Committee (PSC) has recently released the following two documents: Study 14 (2nd…
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IFAC Invites Comments on Documents Addressing Policies of Governments From Non-Exchange Transactions
The International Federation of Accountant's (IFAC) Public Sector Committee (PSC) has issued Invitations to Comment (ITCs) on two critical financial…
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IAASB Issues a New Framework and Standard for Assurance Engagements
Environmental, social and sustainability reports, information systems, internal control, corporate governance processes and compliance with grant conditions, contracts and regulations…
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IASB issues draft interpretations to clarify scope of leasing standard and on decommissioning funds
The International Financial Reporting Interpretations Committee (IFRIC) has today released two Draft Interpretations—D3 Determining whether an Arrangement contains a Lease…
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Brochure for filing tax appeals issued
ISLAMABAD (January 27 2004): For the convenience of general public, the Central Board of Revenue (CBR) has issued a brochure…
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Units with low turnover: parameters devised for carrying out desk audit
ISLAMABAD (January 26 2004): To ensure quality sales tax audit of registered units having low annual turnover, the Central Board…
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Revenue Board and SECP to help Afghan government evolve systems
ISLAMABAD (January 25 2004): The government of Pakistan has assured all possible help to Afghan authorities in expanding registration of…
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New incentives provided under DTRE scheme
ISLAMABAD (January 24 2004): On the recommendations of different collectorates, the Central Board of Revenue (CBR) has announced new incentives…
