News
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PCAOB Has Harsh Words for PwC, E&Y Audits
Washington (Nov. 18, 2005) – The Public Company Accounting Oversight Board has released critical inspection reports for the audits of…
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SECP to evolve code of conduct for corporate sector service providers
KARACHI (November 17 2005): The Securities and Exchange Commission of Pakistan (SECP) will develop codes of conduct for service providers…
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Deloitte says study reveals missed cost savings from offshoring
Deloitte has said that a study conducted by the company revealed that financial services companies are capturing less than one-third…
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Retrospective tax recovery condition withdrawn
ISLAMABAD (November 15 2005): Fulfilling a major demand of foreign investors and corporate companies, the Central Board of Revenue (CBR)…
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Reduced rate of income tax to be deducted
ISLAMABAD (November 16 2005): The Central Board of Revenue (CBR) has announced that exporters would deduct the reduced rate of…
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IAASB Issues Drafts to Enhance Clarity of International Standards
To enhance the clarity of international standards, the International Auditing and Assurance Standards Board (IAASB) of the International Federation of…
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IASB Publishes Paper on Management Commentary
The International Accounting Standards Board has published a discussion paper that assesses the role the IASB could play in improving…
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Sales tax exemption period extended
ISLAMABAD (November 13 2005): The Central Board of Revenue (CBR) has given three months' extension to avail sales tax exemption…
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Customs Intelligence Directorate seeks more powers
ISLAMABAD (November 13 2005): Directorate General of Intelligence and Investigation, Customs and Excise, has sought more autonomy and powers from…
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Deloitte fails to freeze Bank's costs in BCCI case
BCCI’S liquidators yesterday lost a bid to freeze the Bank of England’s expenses after the collapse of their 12-year legal…
