News
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Ernst & Young Says It Faces Criminal Inquiry on Shelters
Ernst & Young, the big accounting firm, said yesterday that federal prosecutors were investigating tax shelters it had promoted and…
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Indonesia to get 'Green' accounting standard
The Office of the State Minister for the Environment signed a memorandum of understanding (MoU) on Tuesday with the Association…
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PwC pays $50m over Raytheon
Auditor PricewaterhouseCoopers has agreed to pay $50m (£28m) to settle claims with New York State regarding its role in a…
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Procedure for advance tax payment clarified
ISLAMABAD (May 26 2004): The Central Board of Revenue (CBR) has announced procedure for the payment of advance tax in…
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Moneychangers allowed to form B category exchange companies
KARACHI (May 26 2004): The State Bank of Pakistan (SBP) has in principle decided that the existing authorised moneychangers may…
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DFIs to maintain SLR at 15 percent of TDL
KARACHI (May 26 2004): The State Bank has decided that all development finance institutions (DFIs) shall maintain Statutory Liquidity Requirement…
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Duty drawback given on export of staple fibre blended yarn
ISLAMABAD (May 26 2004): The Central Board of Revenue (CBR) has given duty drawback on the export of seven different…
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RCITs told to issue notices to 8,000 corporate non-filers
ISLAMABAD (May 24 2004): The Central Board of Revenue (CBR) has directed Regional Commissioners of Income Tax (RCITs) including Director…
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GAAP reporting language formalized for Canada
Canadian accounting firms, consultants and software vendors have worked out a set of local terms to help speed adoption of…
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Implementation of accounting standards stressed
Economic growth in the region of Arabian Gulf, Middle East and South Asia can only sustain when corporate structure is…