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Should accountants be replaced? OR should they embrace Technology?

This blog is written by Mr. Muhammad Tariq Khan. Please read this blog and provide your valued comments SHOULD ACCOUNTANTS BE REPLACED? OR SHOULD THEY EMBRACE TECHNOLOGY?  Outline Blockchain technology Money explained in context of Digital Currency Triple Entry Accounting Implications of Blockchain, Digital Currency, Triple Entry Accounting and Artificial Intelligence on Accounting, Audit and [...]

By | November 5th, 2020|Blog|0 Comments

SRB Notification

Sindh Revenue Board Notification THE SINDH SALES TAX ON SERVICES WORKING TARIFF AS AMENDED UPTO NOV 1, 2020 20201101_Working_terriff_2020  

By | November 4th, 2020|News|0 Comments

TAX REGIMES IN INCOME TAX ORDINANCE, 2001

This blog is written by Mr. Haseeb Zaman. Please read this blog and provide your valued comments In Pakistan, as in many jurisdictions, a tax can be levied only by, or under, the authority of an Act of Parliament. While taxation of income (other than agricultural income) is governed by the Income Tax Ordinance, 2001 [...]

By | November 4th, 2020|Blog|0 Comments

ANTI-MONEY LAUNDERING SYSTEMS AND CONTROLS

This blog is written by Mr. Muneeb Sultan. Please read this blog and provide your valued comments Indications of potentially suspicious transactions might include: A number of deposits and/or withdrawals just below the monitoring threshold in short succession (often on the same day) An excessive use of wire transfers Transactions with large currency or bearer [...]

By | November 3rd, 2020|Blog|0 Comments

INTERNATIONAL ACCOUNTING STANDARD; IAS-38 (INTANGIBLE ASSETS)

This blog is written by Mr. Muhammad Mubeen Liaqat. Please read this blog and provide your valued comments INTERNATIONAL ACCOUNTING STANDARD; IAS-38 (INTANGIBLE ASSETS) Overview: IAS 38 Intangible assets briefly describe the accounting requirements for intangible assets, that are non- monetary assets, that are without physical substance and separately identifiable (either being separable or arising [...]

By | October 29th, 2020|Blog|0 Comments

PROFESSIONAL TAX

This blog is written by Mr. Habib Ullah Khan. Please read this blog and provide your valued comments  HUK BLOG 28102020 PROFESSIONAL TAX   Professional Tax is implemented under the Finance Act 1977. It is a tax levied and collected with respect to earning or income from any profession, trade, calling or employment for each financial [...]

By | October 28th, 2020|Blog|0 Comments

SPECIAL SUPPLEMENT

COMMENTARY ON RECENT NOTIFICATIONS OF SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN Corporate Briefing (Oct 2020)

By | October 27th, 2020|News|0 Comments

REGISTRATION PROCESS OF FOREIGN COMPANIES IN PAKISTAN

This blog is written by Mr. Faiz Alam. Please read this blog and provide your valued comments  TYPES OF FOREIGN COMPANIES TO BE REGISTERED IN PAKISTAN Branch Office: Branch Office is established by a foreign company to fulfill its contractual obligations with the public or private sector in Pakistan. Their activity will be restricted to [...]

By | October 27th, 2020|Blog|0 Comments

EIGHT THINGS TO KNOW ABOUT THE AUDIT EVIDENCE STANDARD

This blog is written by Mr. Hafiz Fawad A. Matloob. Please read this blog and provide your valued comments   EIGHT THINGS TO KNOW ABOUT THE AUDIT EVIDENCE STANDARD   As we were finalizing Statement on Auditing Standards No. 142, COVID-19 arrived and caused major disruptions to the country’s economy, including changing the ways auditors were [...]

By | October 26th, 2020|Blog|0 Comments

IFRS 15 REVENUE

This blog is written by Mr. Waqar Ul Mulk. Please read this blog and provide your valued comments WUM BLOG 23102020 RECOGNITION   An entity recognize revenue to depict the transfer of promised good or services to customer in amount that reflect consideration to which the entity expect to be entitled in exchange for those [...]

By | October 23rd, 2020|News|0 Comments