Accounting Profession News
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SECP brushes aside apprehension about ‘panel of auditors’
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) on Wednesday brushed aside the apprehension expressed by certain auditors regarding…
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ICAEW, ICAP Sign Memorandum of Understanding
KARACHI: The Institute of Chartered Accountants in England and Wales (ICAEW) and the Institute of Chartered Accountants of Pakistan (ICAP)…
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Accounting Firm BDO Seidman to Pay $170 million
Aug. 15, 2007 (Associated Press) — MIAMI – Accounting firm BDO Seidman must pay $170 million in compensation and provide…
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Japan Agrees to IFRS Convergence by 2011
Ikuo Nishikawa, Chairman of the Accounting Standards Board of Japan (ASBJ), and Sir David Tweedie, Chairman of the International Accounting…
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India announces convergence with IFRSs for public interest entities from 2011
The Council of the Institute of Chartered Accountants of India, at its 269th meeting being held these days at New…
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Islamic Finance Scholar Joins AAB as Director Shariah Services
KARACHI (May 02, 2007) – Mufti Mohammad Hassaan Kaleem, an eminent scholar specializing in Islamic Finance and Insurance has joined…
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ICAP Rejects CBR's Proposal to Certify Clients Regarding Income Tax Payment
KARACHI: External auditors of companies have refused to certify that their clients have paid their income tax and other federal…
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Ernst & Young Focuses on Restoring Investor Trust
Ernst & Young notes that with increasing globalization and larger numbers of companies going public, professional services firms and financial…
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Should auditors report on clients tax obligations?
KARACHI: The matter regarding auditor’s report to include an opinion as to whether companies have strictly adhered to their withholding…
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Watson Wyatt and Sidat Hyder form Consulting Alliance
KARACHI – January 06, 2007 – Watson Wyatt, a leading global consulting firm and Sidat Hyder, the Pakistan-based consulting firm,…
