Uncategorized

The International Ethics Standards Board for Accountants (IESBA) has issued International Code of Ethics for Professional Accountants (including International Independence...
Continue Reading...

Accountants are required to take Anti-Money Laundering and Counter Financing of Terrorism (AML and CFT) measures. The Anti-Money Laundering Act...
Continue Reading...

The International Standards on Auditing (ISAs) as applicable in Pakistan permit two or more independent auditors to carry out the...
Continue Reading...

Sr. # Document Weblink 1 AML Act 2010 http://www.fmu.gov.pk/docs/Anti-Money-Laundering-Act-2010-amended-upto-Sep.%202020.pd 2 Anti-Terrorism Act 1997 http://www.molaw.gov.pk/molaw/userfiles1/file/Anti-Terrorism%20Act.pdf 3 AML Regulations 2015 http://www.fmu.gov.pk/docs/AMLRegulations2015.pdf 4...
Continue Reading...

In 2014, the International Accounting Standards Board (IASB) issued IFRS 14, Regulatory Deferral Accounts.  IASB issued IFRS 14 as an...
Continue Reading...

The Securities and Exchange Commission of Pakistan has notified the Auditors (Reporting Obligations) Regulations 2018, requiring the auditor to use...
Continue Reading...

The Companies Act 2017 (the Companies Act) was enacted on May 30, 2017, however, a significant number of companies for...
Continue Reading...

We are pleased to issue the Illustrative financial statements and disclosure checklist prepared in accordance with the International Financial Reporting...
Continue Reading...

The Council on the recommendation of the Accounting Standards Board (ASB) has approved the amendments to the Revised Accounting and...
Continue Reading...

The Auditing Standards & Ethics Committee (the Committee) of the Institute has developed the “Joint Audit Guidelines” (the Guide) for...
Continue Reading...