Topic Wise Selected Opinions

The Technical Services Department has compiled the topic-wise selected opinions issued from 2003 to 2023 to facilitate the members.

The topic-wise compilation categorizes the selected opinions in the following areas:

  • Auditing
  • Ethics
  • Corporate and Other Laws
  • Financial accounting and reporting

It is important to note that the topic-wise compiled opinions are the same as covered in Volume IX to Volume XXVII of the year-wise selected opinions, however, they have also been compiled under the above-mentioned categories:

Topic wise list 

S.No.

Topic

Include queries on:

1. Auditing
2. Ethics
3. Corporate and Other Laws
  • Corporate laws i.e. Companies Act, 2017 / Companies Ordinance, 1984 (repealed) and Listed Companies (Code of Corporate Governance) Regulations issued by SECP/ Code of Corporate Governance (2012) (repealed)
  • Worker’s Welfare Fund (WWF) & Worker Profit Participation Fund (WPPF)
  • Others including Insurance Accounting Regulations and SROs issued by SECP (pdf) updated
4. Financial accounting and reporting   Queries on following IASs/ IFRSs/ IFRIC/ TRs:

IFRS for SMEs (pdf) updated

AFRS for SSEs (pdf) updated

Accounting Standard for NPO (pdf) updated

Accounting Technical Releases (TRs)  (pdf) updated

The opinions are based on the facts and circumstances provided by the enquirer and issued in consideration of the laws, accounting, auditing and ethical standards applicable at the time of enquiry. Accordingly, an opinion may change if the relevant facts and the circumstances change or due to subsequent amendment in the law, accounting, auditing and ethical standards and pronouncements made by the Institute and other regulations. The Institute, its Committee and staff will have no liability in connection with any opinion and these may not be construed as a replacement of legal advice.