Auditing the auditors?
These three institutions form the core pillars of the state’s financial accountability architecture, yet over the years, they have become relics of a colonial design – operating through outdated processes,…
Financial firms to feel outsized impact from Trump’s H-1B overhaul
The Trump administration’s overhaul of the H-1B system could have an outsized impact on the finance industry, which could face hiring challenges following the imposition of the new $100,000 fee.…
Financial firms to feel outsized impact from Trump’s H-1B overhaul
The Trump administration’s overhaul of the H-1B system could have an outsized impact on the finance industry, which could face hiring challenges following the imposition of the new $100,000 fee.…
France points way for UK shake up of audit market
Taking on the Big Four accounting firms will remain a lengthy and costly challenge for smaller rivals in Britain despite the regulatory leg-up unveiled on Thursday, but France has shown…
Airbus faces financial bill after end-year delivery crunch
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…
FBR: audit closure, capacity & legality
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…
Trump administration to soon end audit deal underpinning Chinese listings in US
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…
Countering financial crimes
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…
ARTICLES Pragmatic case selection model for audit – I
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…
SOEs: forensic audit
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-…
