Accounting Profession News
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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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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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CRM Vendors To Focus On Vertical-specific Apps: PwC
The next wave of innovation by current and emerging management vendors would be to unite the analytical and operational aspects…
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Ernst & Young Financial Details Are Disclosed in a Divorce Case
Every detail that the global accounting firm Ernst & Young told its American partners about its financial performance through late…
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KPMG appoints new partners, director
KPMG last week announced it appointed two new partners and a director. Anthony Pace has been appointed Tax partner, David…
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Insurers balk at accounting rules
Leading life insurers have attacked plans for new accounting standards, saying they threaten to “shoehorn” life assurance into processes developed…
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FASB Considers Revised Stock Option Rules, Releases FAS 148
The Financial Accounting Standards Board in the USA may take another look at requiring companies to count stock option expenses…
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SBP issues new 'Master Circular' for banks audit
KARACHI (January 12 2003) : The State Bank on Saturday issued a master circular with consolidated instructions, to facilitate banks…
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Meeting of AGCC panel on audit, accountancy
MUSCAT — The ninth meeting of the permanent committee of the AGCC Accountancy and Audit Bureau Employees began here at…