News
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PSO's profit in six months up Rs 1.644 billion
KARACHI (January 24 2003) : Pakistan State Oil Limited profit in six months ended December 31, 2002 recorded a significant…
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New president of ICMAP
Mr. Sherafgan Malik has been elected as the president of Institute of Cost and Management Accountants of Pakistan (ICMAP). He…
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KPMG launches WMB 2002 to assist companies in annual reports
KPMG Malaysia, the Malaysian member firm of KPMG International, launched Wonderful (Malaysia) Bhd “WMB 2002” which offers specimens disclosures of…
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Clorox names Ernst & Young as auditor, replacing Deloitte
NEW YORK (Dow Jones/AP) — Clorox Co. said Tuesday it named Ernst & Young LLP as its auditor, replacing Deloitte…
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Citigroup first in USA to report only GAAP earnings
NEW YORK, Jan 21 (Reuters) – Citigroup Inc. C.N on Tuesday became the first U.S. financial company to say it…
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Top-level reshuffle at KPMG India
Gautam Dalal, the chairman and chief executive of KPMG India, is being replaced by a three-member team from February 1,…
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SEC modifies rule to keep accountants from working too long with a specific company
WASHINGTON (AP) — Federal regulators, ordered by Congress to make accountants more independent from the companies they audit, have eased…
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SEC limits auditor-client ties
In the wake of accounting scandals at Enron, WorldCom and Tyco, the Securities and Exchange Commission adopted rules Wednesday to…
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KPMG faces audit charges
Accountancy giant KPMG LLP expects to face civil charges, which it vehemently denied, over audits of Xerox Corp. accounts. KPMG…
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KSE index nosedives 125 points on panic selling
KARACHI (January 22 2003) : The KSE-100 index on Tuesday registered a substantial decline of 125 points in a single…
