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Companies (Investment in Associated Companies or Associated Undertakings) Regulations 2017 This blog is written by Mr. Nauman Ul Qadeer, Senior Manager Consultancy. Please read this detailed blog on Corporate Matter of essential relevance and provide your valued comments. These regulations were issued by Securities and Exchange Commission of Pakistan (SECP) on 6th of December 2017 vide SRO [...]

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 [...]

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 [...]

Understanding provisions of withholding taxes under the Income Tax Ordinance, 2001 This blog is written by Mr. Ehtisham Sohail, Associate Taxation and Corporate Services. Please read this blog and provide your valued comments. Understanding provisions of withholding taxes under the Income Tax Ordinance, 2001 Introduction: 1.1) Provisions of withholding taxes are probably one of the most [...]

Tax Credit Allowed for Investment in SUKUK This blog is written by Mr. Hasnain Mir, Associate Taxation and Corporate Services. Please read this blog and provide your valued comments. Tax Credit Allowed for Investment in SUKUK what is SUKUK? Islamic bonds, structured in such a way as to generate returns to investors without infringing Islamic law (that [...]

HEDGING This blog is written by Mr. Muneeb Sultan, Associate Internal Audit Services. Please read this blog and provide your valued comments HEDGING HEDGING is a risk management strategy. Hedging involves reducing or eliminating financial risk by passing that risk on to someone else. It can provide certainty of cash flows, which helps with budgeting, encourages management [...]

Summary of IAS 23 This blog is written by Mr. Adnan Khan, Associate Audit and Assurance Services. Please read this blog and provide your valued comments. Summary of IAS 23 Borrowing costs: Borrowing costs are interest and other costs incurred by an entity in connection with the borrowing of funds Borrowing costs may include: Interest [...]

Benefits of Leasing Under IFRS 16 This blog is written by Mr. Haseeb Zaman, Associate Taxation and Corporate Services. Please read this blog and provide your valued comments. Benefits of Leasing Under IFRS 16 The new accounting standard for leases – IFRS 16 – requires that companies reporting under IFRS must report all leases on [...]