Circulars issued in 2020

Circular 1 – Clarification on application of the Listed Companies (Code of Corporate Governance) Regulations, 2019

Circular 2 – Publication on Financial Reporting – Adoption and Application of IFRS in Pakistan

Circular 3 – Publication of ‘The Impact of COVID-19 on Audit – A Guidance for Auditors’

Circular 4 – Publication of ‘Preparation of Financial Statements under the COVID-19 Circumstances’

Circular 5 – Auditors Report on Financial Statements of the Retirement Benefit Funds

Circular 6 – Request for comments on Exposure Draft Technical Release ‘Accounting for Common Control Transactions’

Circular 7 – Key Considerations for Inventory Counts under COVID-19 Situation 

Circular 8 – Publication of ‘Financial Reporting Guidance- Key considerations for Impairment under the COVID-19 situation’ 

Circular 9 – Publication of ‘Financial Reporting Guidance- Key financial reporting considerations for going concern assessment under the COVID-19 situation

Circular 10 – Illustrative Financial Statements and Disclosure Checklists For Public Interest companies and Medium-sized companies

Circular 11 – 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)

Circular 12 – Format of Review Report on the Statement of Net Capital Balance