10-02-2009, 02:48 PM
Is the IAS-27 is not applicable in Pakistan ? Has the SECP has issued any circular regarding not applicability of pera 10 of IAS-27. As per my information many private limited company and group of private companies making consolidated financial statements.
Fuuther ITO gives the concept of Group Taxation. Can the option of group taxation can be availed by a group of private companies/Unlisted Public Companies without preparing Consolidated financial statements of the group.
In practical world, I have seen that many gruops of Private Companies(where CMA's and CA's are CFO's/Director Finance) making Consolidated Financial Statements.
Fuuther ITO gives the concept of Group Taxation. Can the option of group taxation can be availed by a group of private companies/Unlisted Public Companies without preparing Consolidated financial statements of the group.
In practical world, I have seen that many gruops of Private Companies(where CMA's and CA's are CFO's/Director Finance) making Consolidated Financial Statements.
