News
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WAPDA exempted of Sales Tax liabilities, penalties
ISLAMABAD (October 30 2002) : Admitting glaring mistake pertaining to wrongly adjudged sales tax, the Central Board of Revenue (CBR)…
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PwC Settles Anicom Suit for $21.5 million
NEW YORK (Reuters) – PricewaterhouseCoopers LLP agreed to pay $21.5 million to settle lawsuits by Anicom Inc. shareholders and creditors…
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Ernst & Young to sell vulnerability management tool
ESsecurityOnline, a security software company owned by Ernst & Young, is wading into the security management market with a vulnerability…
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ICAP announces result for foundation examination Autumn 2002
KARACHI, Oct 29: The Institute of Chartered Accountants of Pakistan announced result of Foundation Examination Autmn 2002. According to the…
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ICAP Gold Medals for Students
KARACHI, Oct 30: The Institute of Chartered Accountants of Pakistan (ICAP) at a ceremony conferred gold medals on students on…
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Rules specified for Sales Tax disputes resolution
ISLAMABAD (October 27 2002) : The Government has specified a set of rules that shall apply to all cases of…
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Ombudsman holds medicine trader's registration for general sales tax illegal
ISLAMABAD (October 27 2002) : Since medicines are exempt from sales tax, the Federal Tax Ombudsman, Justice Saleem Akhtar, has…
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Tyco's former general counsel says auditor knew of loans
The former general counsel for Tyco International Ltd., indicted for falsifying documents to conceal $14 million in loans, said in…
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Every 10th Public Comapny in US Restated their Accounts
One in 10 publicly traded companies made financial restatements because of accounting irregularities in the past five years, the U.S.…
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Ex-CIA boss to regulate US auditors
Former Central Intelligence Agency (CIA) chief William Webster has been appointed as chairman of a new body set up to…