News
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Karachi Stock Exchange takes action against errant member
KARACHI (November 27 2002) : The Karachi Stock Exchange (KSE) has prohibited Yousuf Ibrahim, member of the exchange from conducting…
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Ernst & Young poised to raise audit fees
Ernst & Young, one of the remaining “big four” accountants, is preparing to increase its audit fees ahead of a…
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The year that auditing fees took off
The debate about corporate governance is starting to bite – the cost of obtaining an audit is on the rise.…
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UK Accounting Standards Board defers FRS 17 implementation
The Accounting Standards Board in UK has delayed the implementation of FRS 17 until January 2005. FRS 17, which values…
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Study: Option Expensing Has No Impact on Share Price
New York (Nov. 25, 2002) The recent move by a number of companies to include option expenses on their income…
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PwC's Chairman Blasts Mandatory Auditor Rotation
New York (Nov. 25, 2002) — While he supports regular partner rotation on audit clients, PricewaterhouseCoopers' U.S. chairman said mandatory…
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KPMG leads battle against French consultancy separation plans
KPMG has asked the British government to speak to the French government about a new proposal to make a legal…
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CBR cuts powers of adjudicating authorities
ISLAMABAD (November 26 2002) : The Central Board of Revenue (CBR) has withdrawn the powers of Collector, Collectorate of Customs,…
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Rs 2 per 10 gram withholding income tax on bulk gold import may be maintained
ISLAMABAD (November 26 2002) : Allowing bulk import of gold across the board, the government has decided in principle to…
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SBP issues licences to two exchange companies
KARACHI (November 26 2002) : The State Bank of Pakistan has issued first two licences for the formation of foreign…
