News
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Euro emerging as a stronger currency
KARACHI (January 16 2003) : Several dollar holders, under the prevailing circumstances, are preferring to transfer euro from the US…
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E&Y unveils PayIndex product for corporates
Global consultancy major — Ernst & Young (E&Y) today announced the availability of its online compensation survey tool for Indian…
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Accounting Rules in USA Changed to Bar Tactics Used by Enron
The nation's accounting rule makers took steps yesterday intended to make it harder for companies to hide debts and assets…
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International Auditing and Assurance Standards Board Seeks Comments on Audit Risk Guidance
Contributing to the improvement of audit quality worldwide, the International Federation of Accountant's (IFAC) International Auditing and Assurance Standards Board…
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CIMA – New exemption policy effective from Feb 01, 2003
Having reviewed its exemptions arrangements, CIMA will be introducing a new procedure from 1 February 2003 (students who have a…
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Securities Exchange Commission to develop 'Corporate Governance Index'
KARACHI (January 15 2003) : Sadia Khan, Commissioner at Securities Exchange Commission of Pakistan (SECP), dispelling the future agenda, said,…
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Auditors barred from holding listed companies shares
KARACHI: A firm of external auditors or any partner in the firm of external auditors is ineligible to hold shares…
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Ernst & Young admits failure over provision for Equitable losses
ERNST & Young admitted in court yesterday that it had failed to account for potential losses in an audit for…
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Pakistan's exports seen crossing $10 billion mark
KARACHI (January 15 2003) : The cotton trio – production, consumption and exports – is all performing well to attain…
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Millions of rupees refunds overpaid by income tax officials
ISLAMABAD (January 15 2003) : The inadmissible payment of income tax refund to certain units of Corporate Region Karachi deprived…
