News
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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…
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White oil pipeline project: duty, tax relief restored for machinery imports
ISLAMABAD (January 22 2003) : The government on Tuesday restored the exemption of customs duty and sales tax on the…
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Shipping companies ask exporters to abide by US custom
KARACHI (January 22 2003) : Shipping companies have warned exporters to abide the Advance Manifest Rules (AMR) announced by the…
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SECP stays filing annual return on present format
KARACHI (January 21 2003) : The Securities and Exchange Commission of Pakistan (SECP) has stayed the format of the Annual…
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Pakistan wants to repay costly loans ahead of schedule
KARACHI (January 21 2003) : Pakistan has told the International Monetary Fund that it wants to repay ahead of schedule…
