News
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Applix fires Ernst & Young as SEC probe continues
Applix Inc., a maker of business software, said on Monday it fired Ernst & Young as its independent accounting firm…
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ING Bank Sues JP Morgan, Deloitte
ING Bank contends it lost hundreds of millions of dollars as a result of a “massive Ponzi scheme” at now-defunct…
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IRS in US seeks Grant Thornton client data
The Internal Revenue Service (IRS) has asked a judge to force Chicago-based accounting firm Grant Thornton LLP to name clients…
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IFAC Proposes New Standard on Impairment of Public Sector Assets
The International Federation of Accountants has released a new exposure draft (ED) of an International Public Sector Accounting Standard (IPSAS)…
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ACCA – Last date for submitting exam fees for Dec 2003 notified
ACCA has announced that the last date for submitting examination fees at their Lahore/Karachi/Islamabad offices for the Dec 2003 session,…
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ICMAP – Students Conference 2003 at Islamabad
ICMAP Students Conference 2003 will be held on Saturday October 4, 2003. The Conference will have two sessions. In the…
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Subletting of awards to local software companies made mandatory
KARACHI (September 22 2003): The Government of Pakistan has made it mandatory for all public sector institutions in awarding contracts…
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FTO criticises delay in deciding duty drawback claims
ISLAMABAD (September 22 2003): The inordinate delay in deciding duty drawback has been criticised by the Federal Tax Ombudsman Justice…
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Relaxation on income tax returns announced
ISLAMABAD (September 19 2003): The income tax returns filed by taxpayers (Individuals/AOPs) without proper declaration of accounting method or containing…
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State Bank explains procedures for individual investors in PIBs
KARACHI (September 19 2003): State Bank of Pakistan (SBP) on Thursday explained procedures for retail and small institutions intending to…
