Uncategorized – Page 3 – Institute of Chartered Accountants of Pakistan

Publication of Financial Reporting Guidance -Accounting considerations for lenders and borrowers under the State Bank of Pakistan introduced Refinance Scheme for Payment of Wages and Salaries to the Workers and Employees of Business Concerns (the Refinance Scheme)

Posted on August 19, 2020 by illahi Bux | Comments Off

In continuation of the Institute's series of publications on the financial reporting implications under COVID-19 situation, the Technical Services team...
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Publication of Financial Reporting Guidance Key financial reporting considerations for going concern assessment under the COVID-19 situation

Posted on August 4, 2020 by illahi Bux | Comments Off

Publication of Financial Reporting Guidance Key financial reporting considerations for going concern assessment under the COVID-19 situation In continuation of...
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Publication of ‘Financial Reporting Guidance- Key considerations for Impairment under the COVID-19 situation’

Posted on July 21, 2020 by illahi Bux | Comments Off

The COVID-19 pandemic has resulted in disruption in operations of companies and downturn in the general business environment and market...
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Publication of Guidance for Auditors Key Considerations for Inventory Counts under COVID-19 Situation

Posted on June 28, 2020 by Saira | Comments Off

The audit of financial statements is required to be carried out in accordance with International Standards on Auditing (ISAs). The...
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Code of Ethics for Chartered Accountants (Revised 2019)

Posted on October 30, 2019 by Saira | Comments Off

On the recommendation of the Auditing Standards and Ethics Committee (the Committee), the Council of the Institute in its 316th...
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IFRS 9 Financial Instruments International Guidance

Posted on August 13, 2019 by Saira | Comments Off

IFRS 9 Financial Instruments International Guidance IFRS 9 specifies how an entity should classify and measure financial assets, financial liabilities,...
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Invitation to comment on IFRS 17 Insurance Contracts

Posted on July 16, 2019 by Saira | Comments Off

The International Accounting Standards Board (IASB) has issued IFRS 17 Insurance Contracts which sets out the requirements that a company...
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FIRST YEAR EXPERIENCE OF REVISED AUDITOR’S REPORT IN PAKISTAN

Posted on July 2, 2019 by Saira | Comments Off

With the end of first year implementation of new auditor’s report in Pakistan, we take the opportunity to share our...
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IFRIC Update

Posted on May 20, 2019 by Saira | Comments Off

As on 15 July 2019 IFRIC 1 Changes in Existing Decommissioning, Restoration and Similar Liabilities IFRIC 2 Members' Shares in...
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IFAC’s Guide to Using ISAs in the Audits of Small and Medium Sized Entities

Posted on May 9, 2019 by illahi Bux | Comments Off

The Auditing Standards & Ethics Committee (the Committee) of the Institute is pleased to share the “Guide to Using ISAs...
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