Accountancy Features accounting and finance-related resources including articles, news, reference library, discussion boards, events, newsletters, weekly polls. For both professionals and students. 
PESHAWAR (December 11, 2014) – ACCA Pakistan recently inaugurated its office in Peshawar for the promotion of accounting and finance profession in Khyber Pakhtunkhwa. The inaugural ceremony was attended by ...
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Rs4.09 Trillion Federal Budget for 2015-16 Unveiled
ISLAMABAD (June 06, 2015) – The federal budget for the year 2015-16, with a total outlay of Rs4.089 trillion, was approved by the federal cabinet on Friday. In his budget speech in...
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Economic Survey 2014-15: Features and Highlights
ISLAMABAD (June 05, 2015) – The finance ministry of Government of Pakistan yesterday published the annual Economic Survey of Pakistan for the year 2014-15. Highlights of this publi...
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ACCA joins hands with Nayatel, awards approved employer accredition
KARACHI (February 01, 2015) – ACCA Pakistan recently awarded Nayatel (Pvt) Ltd. with employer accreditation in a ceremony held in Islamabad. ACCA’s global programme is ...
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FBR Establishes a Transfer Pricing Unit
ISLAMABAD (December 24, 2014) – The Federal Board of Revenue (FBR) has established a transfer pricing unit to facilitate and strengthen the ability of the tax officials to ef...
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ACCA Pakistan Opens Office in Peshawar
PESHAWAR (December 11, 2014) – ACCA Pakistan recently inaugurated its office in Peshawar for the promotion of accounting and finance profession in Khyber Pakhtunkhwa. The inaugural...
News
ACCA Pakistan Opens Office in Peshawar
ACCA and University of Peshawar sign MoU for advancement of finance profession
Date for filing of Income Tax returns extended till October 31, 2014
PricewaterhouseCoopers consulting unit suspended for 2 years and fined $25 million
IASB and FASB issue converged standard on recognition of revenue from customer contracts
Opinion
Empirically Analyzing the "Five Percent Rule of Materiality" in Financial Reporting Decisions
This study analyzes a sample of financial restatements from 2011 and 2012 as a way to assess a proposed “five percent rule of materiality” for financial reporting decisions. Such a rule claims the average investor is only influenced by income restatements greater than five percent. Market reactions are observed through stock price, volume, and bid-ask spread following the restatement in the Form 10-K/A. The study finds only some firms restating net income by more than five percent experience statistically significant reactions in two of these metrics.
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Interpreting and Applying IAS 11 – Construction Contracts
Fixing the Pakistani Tax System
Internal Audit in the New Business Environment
Our Stubborn Tax Culture
Finance
Rs4.09 Trillion Federal Budget for 2015-16 Unveiled
ISLAMABAD (June 06, 2015) – The federal budget for the year 2015-16, with a total outlay of Rs4.089 trillion, was approved by the federal cabinet on Friday. In his budget ...
Read More »
Economic Survey 2014-15: Features and Highlights
ISLAMABAD (June 05, 2015) – The finance ministry of Government of Pakistan yesterday published the annual Economic Survey of Pakistan for the year 2014-15. Highlights of this publication are being ...
Read More »
FBR Establishes a Transfer Pricing Unit
ISLAMABAD (December 24, 2014) – The Federal Board of Revenue (FBR) has established a transfer pricing unit to facilitate and strengthen the ability of the tax officials to effectively deal ...
Read More »
Date for filing of Income Tax returns extended till October 31, 2014
ISLAMABAD (September 27, 2014) – Federal Board of Revenue (FBR) has extended the date for filing of tax returns to October 31, 2014 for individuals, associations and special tax year ...
Read More »Practice
ACCA Pakistan Opens Office in Peshawar
PESHAWAR (December 11, 2014) – ACCA Pakistan recently inaugurated its office in Peshawar for the promotion of accounting and finance profession in Khyber Pakhtunkhwa. The inaugural ceremony was attended by ...
Read More »
PricewaterhouseCoopers consulting unit suspended for 2 years and fined $25 million
The Regulatory Advisory Services (RAS) unit of PricewaterhouseCoopers LLP in USA, one of the Big4 accounting firms, has been suspended for two years and fined $25 million by New York ...
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IASB and FASB issue converged standard on recognition of revenue from customer contracts
KARACHI (June 24, 2014) – The International Accounting Standards Board (IASB), which develops global accounting standards for accounting standards, and the Financial Accounting Standards Board (FASB), the body responsible for ...
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New IS Audit and Assurance Standards Released: Effective from November 2013
ROLLING MEADOWS, IL, USA (July 30, 2013) – ISACA (Information Systems Audit and Control Association) has issued revised Information Systems (IS) Audit and Assurance Standards. The standards have an effective ...
Read More »Education
ACCA joins hands with Nayatel, awards approved employer accredition
KARACHI (February 01, 2015) – ACCA Pakistan recently awarded Nayatel (Pvt) Ltd. with employer accreditation in a ceremony held in Islamabad. ACCA’s global programme is awarded to employers who meet ...
Read More » ACCA Pakistan Opens Office in Peshawar
PESHAWAR (December 11, 2014) – ACCA Pakistan recently inaugurated its office in Peshawar for the promotion of accounting and finance profession in Khyber Pakhtunkhwa. The inaugural ceremony was attended by ...
Read More »
ACCA and University of Peshawar sign MoU for advancement of finance profession
KARACHI (13 November 2014) – ACCA (the Association of Chartered Certified Accountants) and University of Peshawar have entered into a memorandum of understanding (MoU) for promotion and academic enhancement of Accounting ...
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ACCA Pakistan Launches the Entry-level Foundation Diploma
ISLAMABAD (April 29, 2013) – ACCA Islamabad today held a launch ceremony for ACCA Foundation Diploma, the first in the series of launch events for the new diploma. The Foundation ...
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