Airbus is counting the cost of last-minute financial concessions to airlines to overcome a spate of minor quality problems after scrambling to deliver a provisional 123 jets in December, industry…
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…
In recent days, Federal Board of Revenue (FBR) has taken many steps to enforce internal accountability mechanism to uproot corruption/malpractices within the organisation. The steps like making Chief Commissioners as…
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 federal government, in the third year of its five- year tenure, is reported to have decided to conduct forensic audit of ten loss-making State-Owned Entities (SOEs) for the FY2016-…
The Audit Oversight Board (AOB) established under the SECP Act, 1997 to regulate audit profession in the country and the Accounting Standards Board (ASB) recently formed under the control of…
One does not know the exact amount that has been siphoned-off to foreign safe havens by our corrupt lot. The very clandestine nature of the activity renders it impossible to…
In recent days, the Supreme Court of Pakistan ordered the audit of Pakistan Railways and Pakistan International Airlines to find out the causes of rampant corruption and inefficiency in these…
The Securities and Exchange Commission of Pakistan (SECP) has issued a notification recently for the change of Brokerage Regime for Capital Markets. Under the proposed regime SECP intends to increase…
