Accounting Ratios and Analysis This blog is written by Mr. Anwar A. Gondal, Assistant Manager Internal Audit. Please read this blog and provide your valued comments. Definition of Accounting Ratios: Accounting ratios are crucial for interpreting the financial statements. The financial statement merely provides the organization with information related to the firm’s financial position. Moreover, these statements require undergoing [...]
This blog is written by Syed Asim Habib, Senior Manager HR and Consulting. Please read this blog and provide your valued comments. HR AUDIT PROCESS Continuing from the last blog from the same Author, in this version HR Audit Process will be discussed along with the famous FCC’s (Five Critical Components). HR audit process is [...]
Introduction Federal Board of Revenue has issued Circular 9 of 2018 dated December 13, 2018. Commentary FBR vide this Circular has extended date of filing of Withholding Tax Statements for the month of November 2018, which were due on December 15, 2018 upto December 22, 2018. Link of Document [...]
INTRODUCTION SECP vide S.R.O. 1475 (I)/2018 dated December 5th 2018 notified amendments to the Listed Companies (Code of Corporate Governance) Regulations, 2017. These amendments broadened the BOD’s responsibilities w.r.t. compliance of Code of Corporate Governance. COMMENTARY In regulation 10, the following amendments are notified: - New regulation (1A) is inserted that, the Board of directors [...]
Introduction SECP vide SRO 1476(I)/2018 dated December 06, 2018 notified fee, in Seventh Schedule to the Companies Act 2017, for seek relaxation of any of the requirements of Listed Companies (Code of Corporate Governance) Regulations, 2017. Commentary Fee to seek relaxation from any of the requirements of Listed Companies (Code of Corporate Governance) Regulations, 2017, [...]
Detailed Commentary is appended Detailed Commentary on SRO 1473 REIT REITs amendments final
In continuation of our regular practice, we are pleased to present and publish our Newsletter for the month of November 2018. Please click on link mentioned below to access and study the Khilji & Co, Chartered Accountants Newsletter (November 2018) KCO Newsletter November 2018 This Newsletter envisages following aspects: COMMENTARY ON APPELLATE TRIBUNAL INLAND REVENUE, [...]
ISA 500 Audit Evidence This blog is written by Mr. Khizer Abbasi, Associate Audit and Assurance. Please read this concise blog and provide your valued comments. ISA 500 Audit Evidence Scope ISA 500 explains what constitutes audit evidence in an audit of financial statements, and deals with the auditor’s responsibility to design and perform audit procedures to obtain [...]
This blog is written by Mr. Habib Ullah Khan, Associate Taxation and Corporate Services. Please read this blog and provide your valued comments. VAT – what is it? VAT is a tax on the value added generated at each stage of production and distribution. In many countries, this means each business in the supply chain collecting the [...]
Federal Board of Revenue has issued Circular No 8 of 2017 (ref: C.No.2(1)Contd/I.Tax/2018 on November 30, 2018. This Circular states that the 1. The date of filing of Returns of Total Income/Statement of final taxation has been extended upto December 15, 2018 2. The date of filing of Returns of Total Income and Statement of [...]
