Accounting Profession News
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AGP develops system-based audit
ISLAMABAD (January 05 2007): The Auditor General of Pakistan has worked out a new methodology for conducting system-based audit of…
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SECP Asks Listed Companies to Adopt IFRS
ISLAMABAD (December 20 2006): The Securities and Exchange Commission of Pakistan (SECP) has asked the listed companies to follow International…
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AF Ferguson / PWC may face ban on practice
KARACHI (November 08 2006): The Institute of Chartered Accountant of Pakistan has referred A F Ferguson, member of PricewaterhouseCoopers (PWC),…
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Ex-CEO of Software Giant gets 12 years prison for Accounting Fraud
The former chief executive of Computer Associates International Inc. was sentenced to 12 years in prison and was fined $8…
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ACCA Pakistan to Conduct Corporate Governance Survey
The recently set up Pakistan Institute of Corporate Governance (PICG) was established to promote and help improve upon corporate governance…
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E&Y, PwC Top Employers for Working Mothers in the US
Big Four accounting firms Ernst & Young and PricewaterhouseCoopers are recognized as two of the best companies in the U.S.…
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SEC Invests $54 Million for XBRL System for Corporate Filings
The Securities and Exchange Commission in US has awarded four separate contracts totaling $54 million to develop an interactive data…
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AICPA, AAA, IAASB Launch Joint Research Project
Three international accounting bodies have joined forces to launch a research initiative that will provide a better understanding of users’…
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ACCA Pakistan to Hold Seminar on SOX
ACCA Pakistan has arranged a series of one day seminars ‘Sarbanes Oxley: Value for Compliance’ in Islamabad, Lahore and Karachi…
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PIPFA budget recommendations: Raise in income tax exemption limit
KARACHI: The Pakistan Institute of Public Finance Accountants (PIPFA) has suggested to the policy-makers that basic tax exemption limit for…