Accountancy
The weekly newsletter of accountancy.com.pk
  Issue # 039 September 26, 2003
Poll Results
"Accountants are _________ individuals"
remarkable 20%
admirable 13%
trustable 16%
sociable 10%
laughable 10%
ignorable 8%
pitiable 23%
 

 

 

 
 
 
News
General
Revival of fixed sales tax scheme likely
CBR changes jurisdiction of Karachi-based companies
State Bank to chalk out ABL shares sell-off plan
State Bank and SECP to co-ordinate financial sector monitoring
Habib Bank introduces products for corporate customers
Relaxation on income tax returns announced
State Bank explains procedures for individual investors in PIBs
FTO criticises delay in deciding duty drawback claims
Subletting of awards to local software companies made mandatory
Tax returns date need not be extended- Revenue Board
Poultry plants given sales tax exemption
Facility for large taxpaying units for filing cases against Revenue Board
Revenue Board clarifies returns filing issues
SECP bans 16 companies from forex business
Sales Tax registration- assessment order not needed from new traders
Short payment not to be basis for audit under USAS
PTCL posts Rs 23 billion profit
Revenue Board asked to ensure timely submission of sales tax returns by banks
SBP approves NDLC-IFIC Bank amalgamation
Audit parameters for exporters under DTRE scheme
Bid option in PIBs available to retail investors- SBP
Practice
Cost Accountants to determine cost of locally-made cars and tractors
Deloitte Tohmatsu, AF Ferguson Firm Up Blueprint For State-run Insurers in India
KPMG, PwC, Ernst & Young sued for overbilling
Fired Coke Auditor Takes On Giant Corporation in Lawsuit
Applix fires Ernst & Young as SEC probe continues
ING Bank Sues JP Morgan, Deloitte
IRS in US seeks Grant Thornton client data
IFAC Proposes New Standard on Impairment of Public Sector Assets
Former Ernst & Young partner arrested
Student
ACCA - Last date for submitting exam fees for Dec 2003 notified
ICMAP - Students Conference 2003 at Islamabad
ICAP - Results of PPT Autumn 2003 announced
ICAP announces Summer 2003 Professional / Final Examination Results
ICMAP - Summer 2003 Examination Results Announced

Featured Articles

Important for companies to protect digital assets - by New Straits Times
Few would argue today that we are living in a qualitatively different economic environment - the new economy - the electronically-mediated global economy where knowledge-intensive and innovation-driven economic activities and intellectual capital have emerged as new economic drivers.  Read the full article
 

Codes of Conduct for CFOs and Others - by Roger Adams
Much of the post-enron debate has focused upon the particular governance role of the non-executive or "independent" directors, but less comment has been directed at the role (and behaviour) of executive directors such as the Chief Financial Officer (CFO).  Read the full article
 
Articles for Students

IAS 39: Making securitization transparent - by Sean Togher
This article reviews the latest revisions to the standard and challenges institutions may face in adapting existing risk management techniques to it as they relate to derivatives and the securitization industry. Read the full article
 

Marketing Yourself: It May Just Be Job One - by Hank Rennar

Career challenges that arise during an economic slowdown can be overwhelming, but there are steps one can take to improve an otherwise unsatisfactory career situation. A sure-fire way to uncover new opportunities is to market yourself.  Read the full article
 
Check out what they are talking about in our Forums
Revaluation of leased assets
Islamic and Non Islamic Financing, Difference? (in forum "Accounting and Audit")
Insider Dealing (in forum "Firms")
CIMA students in Lahore (in forum "Students")
BASEL II (in forum "Technology")
Info on acturial sciences (in forum "Students")
Auditors Liability (in forum "Accounting and Audit")
Stock Valuation, Accounting Policy (in forum "Accounting and Audit")
Should marketing be allowed to CA firms? (in forum "Firms")
SECP Vs. Chartered Accountants (in forum "Accounting and Audit")
Should there be Mandatory Rotation (in forum "Accounting and Audit")
IT graduate to ACCA (in forum "Students")
Company in the process of winding up (in forum "Accounting and Audit")
ICAP's passing criteria (in forum "Career")
IAS-36 and Country Risk (in forum "Accounting and Audit")
Losses Carried Back & Carried Forward (in forum "Tax")
Internet resource for SROs (in forum "Students")
Final examination result 2003 (in forum "Students")
Women in accountancy (in forum "Students")
Financial reporting of private companies (in forum "General Discussion")
Bank Audits (Deposits) (in forum "Firms")
ACCA to CA (in forum "Students")
Disposal cost of 'available for sale' investments (in forum "Accounting and Audit")
 
Added to our Reference Library
Note: You will need Adobe Acrobat® to read the library items featured below. Download Acrobat Reader®
Lectures on areas of Islamic Finance by Maulana Taqi Usmani:
  The concept of Ijarah (143 Kb)
  The concept of Mudarabah (88 Kb)
  Principles of Shari'ah governing Islamic Investment funds (120 Kb)
  The concept of Musharakah (139 Kb)
  The concepts of Salam and Istisna' (128 Kb)
  Musharakah and Mudarabah as modes of finance (190 Kb)
  The concept of Murabahah (230 Kb)
 

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