News
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Reckitt Benckiser's profits in 2002 almost double
KARACHI (February 27 2003) : Profits of Reckitt Benckiser Pakistan for the year ended December 31, 2002 was nearly doubled…
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Accounting Firms in Britain Putting Disclaimers on Audits
Accounting firms in Britain, including PricewaterhouseCoopers and Ernst & Young, have begun adding disclaimers to their audit letters saying that…
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Deloitte's Work for Ahold Raises Audit Questions
Deloitte and Touche may soon face more legal woes following the revelation by its client, Ahold NV, that its earnings…
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More Countries to “Converge” on Global Standards
Financial reporting standards are going global. Some 90 percent of 59 countries surveyed in research conducted by the six largest…
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AICPA/ACFE Team on Fraud Prevention & Detection Course
As part of the American Institute of CPAs’ crusade to combat fraud, the AICPA and the Association of Certified Fraud…
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Move to tighten accounting rules
The Accounting Standards Board (ASB) in Britain has tightened the rules on how companies record revenues in their accounts. The…
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Governemnt expects to raise $550-$750m from PSO sale
ISLAMABAD: The Pakistan government is expected to raise $550 million to $750 million from the sale of its 51 percent…
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PICIC-PCB merger not shelved
KARACHI (February 26 2003) : The merger of Pakistan Industrial & Investment Corporation Limited (Picic) with the Picic Commercial Bank…
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APTMA demand for duty exemption on machinery rejected
ISLAMABAD (February 26 2003) : Wrecking all expectations of the All Pakistan Textile Mills Association (Aptma), the Central Board of…
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Export Promotion Bureau warns textile bodies
KARACHI (February 26 2003) : The Export Promotion Bureau (EPB) has warned the textile associations against repeated violations of the…
