ISA 550 Related Parties – Effective date 15 December 2009 ISA 550 Related Parties Requirements ISA 550 Scope ISA 550 deals with the auditor’s responsibilities relating to related party relationships and transactions in an audit of financial statements. Specifically, it expands on how ISA 315, ISA 330, and ISA 240 are to be applied in relation to risks of material misstatement […]
Author: Azmat Ullah, ACA
ASA 540 Auditing Accounting Estimates, Including Fair Value Accounting Estimates, And Related Disclosures – Effective date 01 Jan 2010 ASA 540 Auditing Accounting Estimates, Including Fair Value Accounting Estimates, And Related Disclosures Requirements Risk Assessment Procedures and Related Activities ASA 540 require auditor to obtain following understanding as part of its understanding of entity under […]
ISA 540 Auditing Accounting Estimates, Including Fair Value Accounting Estimates, And Related Disclosures – Effective date 15 December 2009 ISA 540 Auditing Accounting Estimates, Including Fair Value Accounting Estimates, And Related Disclosures Requirements Risk Assessment Procedures and Related Activities ISA 540 require auditor to obtain following understanding as part of its understanding of entity under […]
Corporate tax rate 32% Finance Act 2015 Finance Act 2015 had reduce corporate tax rate for non-banking companies from 33% to 32% for Tax Year 2016, the Finance Act now provides to reduce it further to 31% for Tax Year 2017 and 30% for Tax Year 2018 and onwards. It is in line with the […]
Income tax ordinance 2001 updated up to 30 June 2015 Income tax ordinance 2001 amended up to 2015 Income tax ordinance 2015-16 income tax ordinance 2015 income tax ordinance 2001 pdf Click here to download