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Invitation to Comment on Draft Illustrative Financial Statements and Draft Disclosure Checklist prepared in accordance with IFRS for SMEs and fifth schedule of the Companies Act 2017

Posted on April 6, 2018 by Saira | Comments Off
The Accounting Standards Board (ASB) following a transparent and consultative approach has initiated various projects that aim to strengthen the...
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Statement of Compliance for the Financial Statements prepared under the Companies Act, 2017

Posted on March 22, 2018 by Saira | Comments Off
The companies are required to prepare statutory financial statements for the periods ended after December 31, 2017 in accordance with...
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Professional Accountants’ Obligations in Combating Money Laundering and Terrorist Financing

Posted on February 27, 2018 by Saira | Comments Off
As you are aware, the Anti-Money Laundering (AML) Act 2010 along with international standards require professional accountants to adopt measures...
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Better Communication in Financial Reporting

Posted on February 23, 2018 by Saira | Comments Off
The International Accounting Standards Board (IASB) activities and projects are now focused on the central theme of Better Communication in...
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Circular 8 of 2008 – Notification of IAS 29, IFRS 7 & 8

Posted on February 22, 2018 by Saira | Comments Off
On the recommendations of the Council of the Institute made in its 188th and 190th meeting held on March 30, 2007...
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Circular 7 /2008 – Adoption of Revised Code of Ethics for Chartered Accountants issued by IFAC

Posted on by Saira | Comments Off
On the recommendation of the Professional Standards and Technical Advisory Committee the Council of the Institute in its 196th meeting held...
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Circular 6 /2008 – Issuance of Accounting Technical Release TR-30 – Final Tax Accounting

Posted on by Saira | Comments Off
An accounting technical release (TR-27) ‘Income Taxes’ was issued on April 26, 1996, subsequently the same was revised in 2003, to...
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Circular 5 / 2008 – Adoption of International Auditing Practice Statements (IAPSs)

Posted on by Saira | Comments Off
In order to be fully compliant with all the pronouncements of IAASB, the Council on the recommendation of the Professional Standards...
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Circular 4 /2008 – Suggested effective date for financial reporting standards for MSEs and SSEs

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The Council in its 184th meeting held on July 28, 2006 approved the Accounting and Financial Reporting Standards for Medium Sized...
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Circular 2/2008 – Adoption of ISRE 2410 – Review of Interim Financial Information Performed by the Independent Auditor of the Entity

Posted on by Saira | Comments Off
The Council of the Institute in its 190th meeting held on July 26, 2007 has decided to adopt the International Standard...
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