Uncategorized – Page 9 – Institute of Chartered Accountants of Pakistan

Statement of Compliance for Financial Statements Prepared Using IFRS for SMEs andRevised AFRS for SSEs

Posted on January 31, 2017 by Saira | Comments Off

TR-5 (Revised 2015) ‘Council’s Statement of Applicability’ was issued vide Circular No.2/2016 dated February 3, 2016, which requires compliance with...
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Revised CSR / Sustainability Assurance Report

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CSR Assurance Report was issued vide ICAP Circular no. 02/2015, dated February 9, 2015. However, International Standard on Assurance Engagements...
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Clarification about Auditors’ Report on Financial Statements

Posted on January 11, 2017 by Saira | Comments Off

As you all are aware that the Companies Ordinance, 2016 on December 15, 2016 was disapproved by the resolution of...
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Format of Report on Statement of Net Capital Balance of Securities Brokers / Brokerage Houses

Posted on September 26, 2016 by Saira | Comments Off

Background SECP through its clarification and guidance dated September 8, 2016 has asked Securities Brokers and all Brokerage Houses to...
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New Auditors Report Web Page

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As part of our awareness series for developing better understanding of the new auditor report under the revised ISA 700...
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Adoption of ISA 701 ‘Communicating Key Audit Matters in the Independent Auditor’s Report’

Posted on June 14, 2016 by Saira | Comments Off

The Council of the Institute has approved adoption of ISA 701 ‘Communicating Key Audit Matters in the Independent Auditor’s Report’...
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Format of Review Report on Annual Statement of Compliance with Section 11 & 12 of the Insurance Ordinance 2000

Posted on May 25, 2016 by Saira | Comments Off

Background SECP vide its Circular letter ID/PRDD/MISC/2016/4703 dated April 15, 2016 has asked Insures to submit the Annual Statement of...
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‘Accounting Standard for Not for Profit Organisations (NPOs)’

Posted on May 13, 2016 by Saira | Comments Off

Through SRO No. 413/2016 dated May 11, 2016 the Securities and Exchange Commission of Pakistan (SECP) has further to its...
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Adoption of ISQC – 1 “Quality Control for Firms that Perform Audits and Reviews of Historical Financial Information and Other Assurance and Related Service Engagements”

Posted on May 11, 2016 by Saira | Comments Off

The Council of the Institute on the recommendation of the Professional Standards and Technical Advisory Committee in its 271st meeting...
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Guidelines for Issue of Certificates for Special Purposes by Practicing Chartered Accountant Firms

Posted on February 25, 2016 by Saira | Comments Off

The Council of the Institute in its 271st meeting held on January 9, 2016, has decided to issue the enclosed...
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