News
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CED adjustment on beverage disallowed
ISLAMABAD (December 10 2003): The Central Board of Revenue (CBR) has turned down a major demand of soft drink manufacturers…
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State Bank to revamp locally manufactured machinery scheme
KARACHI (December 10 2003): The State Bank has decided to revamp the entire financing system of locally manufactured machinery (LMM)…
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New accounting rules in China ensure world norms are met
China will accelerate improvements to its accounting standards and policies next year to keep abreast with economic growth and the…
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XBRL The Next Key Technology: PwC
Consulting major PricewaterhouseCoopers (PwC) is betting on eXtensible Business Reporting Language (XBRL) as one of the key technologies to be…
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ICAP issues clarification regarding ISE's ruling
The Institute of Chartered Accountants of Pakistan (ICAP) has issued this press release regarding Islamabad Stock Exchange's decision regarding mandatory…
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Parameters for USAS audit to be notified by January 15
ISLAMABAD (December 09 2003): The Central Board of Revenue (CBR) has conveyed to the International Monetary Fund (IMF) that the…
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Auditor General of Pakistan adopts SAP R-3
KARACHI: Auditor General of Pakistan (AGP) will report financial data through a new electronic information system – SAP R-3 –…
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SBP reduces family holdings in banks
KARACHI: Family holdings in the board of directors of commercial banks and Non-Banking Financial Companies (NBFCs) have been restricted to…
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Future CPAs prepare for new test procedures
CPA wannabes will move into the modem age next spring when computers replace paper in the professional examination. Beginning in…
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CBR suspends senior auditor
ISLAMABAD: The Central Board of Revenue (CBR) has suspended Zulfiqar Ali, senior auditor, collectorate of sales tax, Faisalabad, with immediate…
