News
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Accounting firms offer to open their books to public scrutiny in UK
Accounting firms have for the first time offered to open their books to public scrutiny as part of a package…
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Accountant gets jail time in fraud in the US
“Creative accounting” almost a half million dollars worth – on clients' tax returns has landed a Bronx tax preparer a…
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CIMA – Updated examination format
From the May 2003 exams all Intermediate level papers, except for Systems and Project Management, will carry 20 marks worth…
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National Savings Scheme launches 11.04 percent profit pension account
ISLAMABAD (January 20 2003) : National Savings Scheme has introduced a new Pensioner Benefit Account, offering 11.04 percent rate of…
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Six-month forward dollar premium hits all-time low
KARACHI (January 20 2003) : The dollar took the battering after broad based sell-off during the week due to selling…
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Ghee units allowed input tax adjustment
ISLAMABAD (January 20 2003) : The Central Board of Revenue (CBR) has allowed the manufacturers of ghee/cooking oil to claim…
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Scheduled banks assets up by 18 percent in 2002
KARACHI (January 20 2003) : Total assets of scheduled banks jumped by Rs 393 billion, or 18 percent, in 2002…
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PwC Outlines Strategies for Internal Control Framework
PricewaterhouseCoopers has released to the public a white paper on how executive officers can meet new reporting requirements mandated by…
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Big accounting firms difficult target for SEC
WASHINGTON – The last fiscal year was a busy one for enforcement at the Securities and Exchange Commission. As departing…
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Reforms to exorcise auditing's dark side
Changes to the way audit committees are bodied are aimed to prevent an Enron-style scandal happening in the UK, says…