Accountancy
The weekly newsletter of accountancy.com.pk
  Issue # 042 November 04, 2003

Poll Results
Should ICAP's QCR be restricted only to the first audit year?
Yes 24%
No 68%
Don't care 8%
 
Note: You can also take part in these polls. To take part, go to the main page of Accountancy by clicking here.
 

 

 

 

 
 
News

General
Banks allowed to set up asset management subsidiaries
Hubco Q1 profit down 13 percent
National tax appeal programme to be devised
Processing of refund claims in seven days ordered
15 more companies join NCSS
Minimum tax liability of non-filers to be fixed
SBP to set up Shariah Board of religious scholars
Five new medium taxpayer units established
Further tax relief on supply of spun yarn extended
SECP curb on COT to hurt badla investment
NBP nine-month profit likely to double
SECP explains amendments in companies deposit rules
Revenue Board to focus on auditors' training
Revenue Board planning to do away with SRO 410 incentives
Rebate allowed on snacks export
SBP issues new Prudential Regulations for corporate, SMEs and consumer sectors
Advances against certain raw materials need no margins
National Bank's nine-month profit doubles
Revenue Board opposes GST exemption on phosphatic fertiliser
MCB declares 12.5 percent second interim dividend- net profit rises 41 percent in nine months
Input tax adjustment for PTV ads- Revenue Board issues procedure
Revenue Board starts commercial exporters audit
Banks to comply SBP equity investment rules
Stock market rally helped in NBFIs and DFIs equity growth
Highlights of SBP's 2003 Annual report

Practice
Deloitte wins another round in Barings case
PricewaterhouseCoopers launches new corporate reporting framework
Andersen appeal granted in Enron suit; delay seen
KPMG sells dispute advisory services
E&Y picks Ratan Tata for entrepreneurship award
Few CFOs ready for accounting changes- ACCA
Backers hope conference will prove XBRL is 'real'
AICPA, FBI ally on anti-fraud Webcast
United Companies creditors settle case with Deloitte
DTI and PricewaterhouseCoopers to research latest virus, spam and other security trends
EU auditor spells out scale of fraud

Student
ICAP announces Autumn 2003 Foundation / Intermediate Examnation results
ACCA - Last date for submitting exam fees for Dec 2003 notified
ICAP - Results of PPT Autumn 2003 announced

Featured Articles

XBRL Extends Its Reach - Downward - by Richard McCausland

Largely the pet technology of enterprise-class financial software developers and their multinational corporate clients, eXtensible Business Reporting Language is beginning to raise its voice in the middle market.  Read the full article
 

8 Steps for Smart Security Auditing - by Jennifer Perrier

Security problems are on the rise—but that's not news. What is newsworthy, however, is the exponential nature of this increase. The Computer Emergency Response Team (CERT) says there has been an annual twofold increase in the number of vulnerabilities and security incidents reported. These numbers signify quite clearly the necessity of security management for all IT decision makers. Read the full article
 
Articles for Students

Outsourcing - by Steve Skidmore

Outsourcing has become an acceptable and fashionable way of providing services in both public and private sector organisations. Many companies that have traditionally employed their own cleaning, catering and security staff now sub-contract or outsource these to specialist suppliers. Read the full article
 

Five Simple Resume Tips - by Accountemps

Writing a resume can seem like a daunting task, especially if you lack a wealth of experience. However, with the right approach, this process doesn't have to be intimidating. Read the full article

 
Check out what our audience is talking about in the Forums

N R V - which price is to be taken? (in forum "Accounting and Audit")
Is the scope of CA is falling down? (in forum "Firms")
Comparatives on Half Year Ended Accounts (in forum "Accounting and Audit")
Congrats 2 M.Yousuf Adil Saleem & Co. (in forum "Firms")
Procedure Of Getting Internship in A.F. Ferguson (in forum "Firms")
Work Permits (in forum "Students")
Revaluation of leased assets (in forum "Accounting and Audit")
Islamic and Non Islamic Financing, Difference? (in forum "Accounting and Audit")
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")
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")
Final examination result 2003 (in forum "Students")
Women in accountancy (in forum "Students")
Financial reporting of private companies (in forum "General Discussion")
 
Added to our Reference Library

The reference section has been totally redesigned for ease of use! Click here to check out the new Reference section.

 

We have added new audit programs in the Audit Reference section!

Account payables (61 Kb)
Bank reconciliation statements (137 Kb)
Inventories (32 Kb)
Departmental Audit (Internal Audit) (272 Kb)
 

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