Accountancy Profession News
Displaying items 91-105 from a total of 724 item(s).
ISLAMABAD (December 20 2006): The Securities and Exchange Commission of Pakistan (SECP) has asked the listed companies to follow International Financial Reporting Standards (IFRSs) for maintaining of balance sheets and profit and loss accounts.
Published on 12/20/2006
KARACHI (November 08 2006): The Institute of Chartered Accountant of Pakistan has referred A F Ferguson, member of PricewaterhouseCoopers (PWC), to its Investigation Committee to see if the firm has engaged in professional misconduct.
Published on 11/8/2006
The former chief executive of Computer Associates International Inc. was sentenced to 12 years in prison and was fined $8 million on Thursday for his role in a massive accounting fraud scandal at one of the world's largest software companies.
Published on 11/2/2006
The recently set up Pakistan Institute of Corporate Governance (PICG) was established to promote and help improve upon corporate governance practices in Pakistan. PICG is now launching a corporate governance survey to determine the current state of corporate governance practices in the country. ACCA Pakistan would be providing assistance in this regards.
Published on 10/11/2006
Big Four accounting firms Ernst & Young and PricewaterhouseCoopers are recognized as two of the best companies in the U.S. for working mothers, according to an annual survey by Working Mother magazine.
Published on 9/27/2006
The Securities and Exchange Commission in US has awarded four separate contracts totaling $54 million to develop an interactive data system for corporate filings so that the public has easier access to the information.
Published on 9/26/2006
Three international accounting bodies have joined forces to launch a research initiative that will provide a better understanding of users' perceptions of the financial statement audit and the auditor's report. The research is intended to independently examine the perceptions of users of financial statements in countries around the world.
Published on 8/13/2006
ACCA Pakistan has arranged a series of one day seminars 'Sarbanes Oxley: Value for Compliance' in Islamabad, Lahore and Karachi on 31 July, 2 and 4 August respectively. The landmark Sarbanes-Oxley Act of 2002 was intended to reform public accounting practices and other corporate governance processes and shore up the capital markets.
Published on 7/13/2006
KARACHI: The Pakistan Institute of Public Finance Accountants (PIPFA) has suggested to the policy-makers that basic tax exemption limit for salaried class be fixed at Rs200,000.
Published on 5/31/2006
KARACHI: The Institute of Cost and Management Accountants of Pakistan (ICMAP) has estimated that a record sum of Rs180 billion per annum of tax evasion or under-filing of tax returns are recorded in the national economy.
Published on 5/17/2006
KARACHI: International financial and accounting body ACCA has suggested to policy makers in the Central Board of Revenue (CBR) what it called ‘Green Taxes’ in Pakistan to save deteriorating environmental cleanliness in Pakistan.
Published on 5/7/2006
KARACHI: The Institute of Chartered Accountants of Pakistan (ICAP) has submitted its pre-budget recommendations with regard to textiles, oil and gas, hotel, pharmaceutical, automobile, leather and sugar industries.
Published on 4/29/2006
KARACHI: President Institute of Chartered Accountants of Pakistan (ICAP) Syed Shabbar Zaidi has said the Securities and Exchange Commission of Pakistan will likely issue accounting standards for small and medium enterprises by June this year.
Published on 4/14/2006
More than half of outsourcing projects in the finance industry show no initial cost benefits in the first year, according to research by PricewaterhouseCoopers (PwC).
Published on 4/2/2006
The board of directors of Accenture (NYSE: ACN) has named CEO William D. Green to the additional position of chairman, effective Sept. 1. He will succeed Joe W. Forehand, who will retire as Accenture’s chairman on Aug. 31.
Published on 2/16/2006