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Finance

income tax 2014 return filing date extension

Date for filing of Income Tax returns extended till October 31, 2014

ISLAMABAD (September 27, 2014) – Federal Board of Revenue (FBR) has extended the date for filing of tax returns to October 31, 2014 for individuals, associations and special tax year ...

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Amendments to Finance Act 2014

Amendments to Finance Act 2014: Bonus Shares by Unlisted Companies, Tax Exemption for Non-profits and FED on Air Travel

ISLAMABAD (June 23, 2014) – Several amendments were announced by Finance minister Ishaq Dar in the Finance Act 2014 which was passed on Saturday. The first amendment was related to tax ...

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Federal Budget 2014-15

Rs3.94 Trillion Federal Budget for 2014-15 Unveiled

ISLAMABAD (June 04, 2014) – The federal budget for the year 2014-15, with a total outlay of Rs3.945 trillion, was approved by the federal cabinet on Tuesday. In his budget ...

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Economic Survey of Pakistan 2013-14

Economic Survey 2013-14: Features and Highlights

ISLAMABAD (June 03, 2014) – The finance ministry of Government of Pakistan yesterday published the annual Economic Survey of Pakistan for the year 2013-14. Highlights of this publication are being ...

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Practice

ACCA Pakistan opens Peshawar office

ACCA Pakistan Opens Office in Peshawar

PESHAWAR (December 11, 2014) – ACCA Pakistan recently inaugurated its office in Peshawar for the promotion of accounting and finance profession in Khyber Pakhtunkhwa. The inaugural ceremony was attended by ...

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PwC suspended and fined

PricewaterhouseCoopers consulting unit suspended for 2 years and fined $25 million

The Regulatory Advisory Services (RAS) unit of PricewaterhouseCoopers LLP in USA, one of the Big4 accounting firms, has been suspended for two years and fined $25 million by New York ...

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IASB FASB converged standard on revenue recogntion from customer contracts

IASB and FASB issue converged standard on recognition of revenue from customer contracts

KARACHI (June 24, 2014) – The International Accounting Standards Board (IASB), which develops global accounting standards for accounting standards, and the Financial Accounting Standards Board (FASB), the body responsible for ...

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Information System Audit and Assurance Standards

New IS Audit and Assurance Standards Released: Effective from November 2013

ROLLING MEADOWS, IL, USA (July 30, 2013) – ISACA (Information Systems Audit and Control Association) has issued revised Information Systems (IS) Audit and Assurance Standards. The standards have an effective ...

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Education

ACCA Pakistan opens Peshawar office

ACCA Pakistan Opens Office in Peshawar

PESHAWAR (December 11, 2014) – ACCA Pakistan recently inaugurated its office in Peshawar for the promotion of accounting and finance profession in Khyber Pakhtunkhwa. The inaugural ceremony was attended by ...

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ACCA Pakistan and Peshawar University sign MoU

ACCA and University of Peshawar sign MoU for advancement of finance profession

KARACHI (13 November 2014) – ACCA (the Association of Chartered Certified Accountants) and University of Peshawar have entered into a memorandum of understanding (MoU) for promotion and academic enhancement of Accounting ...

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ACCA Diploma Holders

ACCA Pakistan Launches the Entry-level Foundation Diploma

ISLAMABAD (April 29, 2013) – ACCA Islamabad today held a launch ceremony for ACCA Foundation Diploma, the first in the series of launch events for the new diploma. The Foundation ...

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ACCA Islamabad Celebrates Students Achievements

ISLAMABAD (February 11, 2013) – ACCA Islamabad recently organised a students appreciation event title ‘Celebrating Achievement’ in Islamabad. The event honored the nine high achievers of December 2011 and June ...

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