Accountancy
The weekly newsletter of accountancy.com.pk
  Issue # 043 November 14, 2003

Poll Results
Should ICAP's QCR be restricted only to the first audit year?
Yes 22%
No 69%
Don't care 9%
 
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 to comply SBP equity investment rules
Stock market rally helped in NBFIs and DFIs equity growth
Highlights of SBP's 2003 Annual report
Loans against NSCs- SHC stays SBP instructions to bank
SBP issues draft regulations for brokers' financing
Over-invoicing of textile items- Revenue Board to approach banks for information
SBP proposes rules to end traditional badla financing
Revenue Board sets up body to resolve sales tax issues
Move to prohibit freezing of businessmen's assets
World Bank praises new sales tax audit plan
Model guide prepared to improve sales tax auditing
Export finance scheme applicable to pottery items
CBR to release pending sales tax refund claims of Leather exporters
CED rebate allowed on lubricating oil export
State Bank and EPD renamed as Foreign Exchange Operations Department
Sales tax on cotton may go temporarily
Impact of Prudential Regulations- banks to cut equity investment in two years, DFIs exempted
SECP notifies qualifications of 'company secretary'
Banks' profits triple from capital gains, dividends
Law being devised to check bogus invoices
CDC further slashes security deposit
World Bank backs CBR's direct taxes structure reform plan
Tax officials cannot shift computers from suspected units- Tax Ombudsman

Practice
DTI and PricewaterhouseCoopers to research latest virus, spam and other security trends
EU auditor spells out scale of fraud
Deloitte says couldn't detect Ahold irregularities
KPMG to cut global ties with law firms
Bearing Point to start consultancy services in Pakistan
PWC tips tough time for Aussie banks

Student
ACCA & CAT - Last date for submission of forms for June 2004 session
ICMAP - Notice issued regarding admissions
ICAP announces Autumn 2003 Foundation / Intermediate Examnation results

Featured Articles

Why Clients Leave - by Jeff Stimpson

Poor service, change in ownership at your firm or at the client’s company, perceived lack of expertise, dissatisfaction with fees: The reasons may vary, but the results are often the same. Clients walk.  Read the full article
 

Outsourcing human resource operations - by Rahim Panjwani

Outsourcing of manufacturing operations has continued to grow throughout the last century, and by the 1980s most US and European multinationals had outsourced significant parts of their manufacturing operations to countries such as China or Mexico, where labour costs were lower. Read the full article
 
Articles for Students

Block That Spreadsheet Error - by Theo Callahan

At one time or another it happens to nearly every spreadsheet user: In an instant a perfectly good spreadsheet disintegrates right before your eyes, leaving a wasteland of #VALUE! error cells. What triggered the problem? Someone mistyped a value into one cell, causing the #VALUE! error message to be propagated throughout every dependent cell—often with catastrophic results.  Read the full article
 

Covering cover letters - by Kay LaRocca

Cover letters go hand-in-hand with resumes. While a resume presents a candidate's general skills and qualifications, cover letters go into more detail regarding qualifications for a particular vacancy. Therefore, in most cases a cover letter should accompany a resume mailing, and should be tailored for each job opening whenever possible. Read the full article

 
Check out what our audience is talking about in the Forums

Comments on code of corporate governance by SECP (in forum "Corporate Governance")
Islamic accounting model (in forum "Accounting and Audit")
Public Finance Accountants (in forum "Students")
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 to 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")
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")
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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