Compliance may be adequately defined as conformity of behaviour with legal norms. In fact concept of "compliance" depends upon understandings of the relations of law, behaviour, objectives, and justice. These…
According to a Press report, the government of Pakistan Tehreek-i-Insaf (PTI) “has quietly closed over 310,000 tax audit cases that had been automatically selected from 2015 to 2017 due to…
The Trump administration plans to soon scrap a 2013 agreement between US and Chinese auditing authorities, a senior State Department official said, a move that could foreshadow a broader crackdown…
Selection for and conduct of audit is not ex facie detrimental to the interest of taxpayer, however to exercise such powers; the discretion needs to be structured by framing rules…
The newly-elected top decision-making body of the Pakistan Medical and Dental Council (PMDC) expressed displeasure at the organisation functioning without external or internal auditors and regretted that its financial matters…
Selection for and conduct of audit is not ex facie detrimental to the interest of taxpayer, however to exercise such powers; the discretion needs to be structured by framing rules…
In Nestle Pakistan Limited etc. v Federal Board of Revenue [(2017) 115 TAX 84 (H.C. Lah.)], Lahore High Court held that "FBR shall rectify the defects pointed out, hereinbefore, in…
It is important to highlight that in USA, UK, Euro zone, Scandinavia, Japan, Singapore and many other developed tax administrations, the main emphasis is on selecting cases for audit on…
Voluntary compliance under the self assessment system is supervised through the process of audit. Hence audit is an objective exercise with the specific purpose to assess and supervise the universal…
Report of the Auditor General of Pakistan on the Punjab government accounts for audit year 2013-14 make quite interesting, alarming as well as concerning reading to say the least. Besides…
