Technical Updates

1.SECP ISSUES NEW VERSION OF FAQS ON AML/ CFT
2.DRAFT AMENDMENT IN RULE 74- SERVICE DOCUMENTS ELECTRONICALLY
3.NEW IFAC AUDIT FEES SURVEY REVEALS AUDIT, TAX, OTHER SERVICES INSIGHTS
 

1. IAASB MODERNIZES ITS STANDARD FOR GROUP AUDITS IN SUPPORT OF AUDIT QUALITY
2. ROLE OF OFFICERS OF LISTED COMPANIES REGARDING GENERAL MEETINGS

1. FIXATION OF VALUE OF STEEL PRODUCTS FOR SALES TAX PURPOSE
2. IFAC RELEASES NEW IMPLEMENTATION TOOL FOR AUDITORS

1. DEDUCTION OF ZAKAT AT SOURCE IN RESPECT OF SAVING BANKS/PROFIT AND LOSS SHARING AND SIMILAR BANK ACCOUNTS (ASSET CODE NO. 101) AND DEPOSIT THEREOF IMMEDIATELY AFTER DEDUCTION DATE
2. EXTENSION IN LAST DATE FOR ENCASHMENT/CONVERSION/REDEMPTION OF RS. 40,000/-, RS. 25,000/-, RS. 15,000/- & RS. 7500/- DENOMINATION NATIONAL PRIZE BONDS WITHDRAWN FROM CIRCULATION
 

1. INCLUSION OF HOUSING FINANCE COMPANIES (HFCS) IN GOVERNMENT MARKUP SUBSIDY SCHEME (GMSS) FOR HOUSING FINANCE
2. SBP ENABLES MICROFINANCE ACCOUNT-HOLDERS TO INVEST IN GOVERNMENT SECURITIES
 

1. AMENDMENT IN SRO 342(I)/2022 – OMISSION OF ENTRIES RELATED TO DHA PHASES
2. WEBINAR ON THE PROPOSED TECHNOLOGY-RELATED ENHANCEMENTS TO THE IESBA CODE
 

1. INCLUSION OF NEW CHAPTER – REFUND TO PHARMACEUTICAL SECTOR IN THE SALES TAX RULES, 2006

1. CHANGES IN RATES OF SALES TAX RATES ON PETROLEUM PRODUCTS
2. NEW IFAC DIGITAL PLATFORM ASSISTS PUBLIC SECTOR TRANSITION FROM CASH TO ACCRUAL ACCOUNTING: PATHWAYS TO ACCRUAL


 

1. CONDITION NO. 2 (2022) FOR PUBLIC SECTOR DEVELOPMENT DEPARTMENTS/ AUTHORITIES
2. ELIGIBILITY REQUIREMENT TO REGISTER AS TRUSTEE OF OPEN-END OR CLOSED-END SCHEME
3. IESBA ADDRESSES INDEPENDENCE EXPECTATIONS IN GROUP AUDITS
4. IFAC AND ICAEW RENEW ANTI-MONEY LAUNDERING EDUCATIONAL SERIES, RELEASE FIRST OF THREE NEW INSTALLMENTS

1. IPSASB PROPOSES IMPORTANT LIMITED SCOPE UPDATES TO ITS CONCEPTUAL FRAMEWORK
2. IPSASB ISSUES IPSAS 43, LEASES
3. IESBA STAFF RELEASES FAQS ON REVISED FEE-RELATED PROVISIONS OF IESBA CODE