News
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Sales tax collectors warned against de-registration delay
ISLAMABAD (November 27 2002) : Noticing the violation of Sales Tax Act, 1990, the Central Board of Revenue (CBR) has…
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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ISLAMABAD (November 26 2002) : The Central Board of Revenue (CBR) has withdrawn the powers of Collector, Collectorate of Customs,…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…
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SBP invites tenders for 6-month Treasury Bills
KARACHI (November 26 2002) : The State Bank of Pakistan has invited tenders for the auction of six-month Treasury Bills…
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Partner profits fall by 16% at Ernst & Young
The average pay of a partner at accountancy firm Ernst & Young fell 16% to £378,000 last year as a…
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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…
