Empirically Analyzing the “Five Percent Rule of Materiality” in Financial Reporting Decisions

This study analyzes a sample of financial restatements from 2011 and 2012 as a way...

ACCA joins hands with Nayatel, awards approved employer accredition

KARACHI (February 01, 2015) – ACCA Pakistan recently awarded Nayatel (Pvt) Ltd. with employer accreditation...

Our Stubborn Tax Culture

Even though the Federal Board of Revenue (FBR) appears determined to widen the tax net...

Date for filing of Income Tax returns extended till October 31, 2014

ISLAMABAD (September 27, 2014) – Federal Board of Revenue (FBR) has extended the date for...

PricewaterhouseCoopers consulting unit suspended for 2 years and fined $25 million

The Regulatory Advisory Services (RAS) unit of PricewaterhouseCoopers LLP in USA, one of the Big4...

Fixing the Pakistani Tax System

The existential threat to Pakistan starts with the letter ‘T’. It’s ‘Taxes’. More precisely, it’s...

Rs4.09 Trillion Federal Budget for 2015-16 Unveiled

ISLAMABAD (June 06, 2015) – The federal budget for the year 2015-16, with a total...

Internal Audit in the New Business Environment

United States (US) public companies are navigating new reporting and monitoring demands arising from new...

ACCA Pakistan Opens Office in Peshawar

PESHAWAR (December 11, 2014) – ACCA Pakistan recently inaugurated its office in Peshawar for the...

FBR Establishes a Transfer Pricing Unit

ISLAMABAD (December 24, 2014) – The Federal Board of Revenue (FBR) has established a transfer...