ASA 210 Summary Agreeing the Terms of Audit Engagements ASA 210 Definitions Preconditions for an audit – definition means the use by management of an acceptable financial reporting framework in the preparation of the financial report and the agreement of management and, where appropriate, those charged with governance to the premise on which an audit […]
Author: Azmat Ullah, ACA
ISA 700 audit report format is shared for educational purpose. Kindly refer original standards for other variants. INDEPENDENT AUDITOR’S REPORT – Source of ISA 700 audit report Appendix 1 of ISA 700 [Appropriate Addressee] We have audited the accompanying financial statements of ABC Company, which comprise the statement of financial position as at December 31, 20X1, […]
Income tax ordinance 2001 updated up to 30 June 2014 Income tax ordinance 2001 amended up to 2014 Income tax ordinance 2014-15 income tax ordinance 2014 income tax ordinance 2001 pdf Link to download Income tax ordinance 2001 updated up to 2014 [su_document url=”http://download1.fbr.gov.pk/Docs/2014101313102634216I.T.Ord,2001(updated)AmendedJune2014.pdf”] [su_document url=”http://download1.fbr.gov.pk/Docs/2014101313102634248I.T.Ord,2001(updated).docx”]
Financial accounting – definition Financial accounting is recording, analysis and presenting financial transactions. It can be financial transaction of a individual, partnership, trust, company or any other body. Generally accepted principle of financial accounting are; International Financial Reporting Standards (IFRS) Generally Accepted Accounting Principles (GAAP) These standards and practices are adopted by various countries with additional requirement […]
Finance Act 2014 If you are not aware of changes in taxation (Income Tax Ordinance, 2001, Sales tax Act 1990 and custom acts) by Finance Act, 2014 Following are few sources to sharpen you knowledge; KPMG brief on Finance Act 2014 [su_document url=”http://www.kpmg.com/PK/en/IssuesAndInsights/ArticlesPublications/Documents/FinanceAct-2014.pdf”] Pwc brief on Finance Act 2014 [su_document url=”http://www.pwc.com.pk/en/tax-memorandum/briefonamendmentsproposedinthefinancebill2014.pdf”] Deloitte brief on Finance Act 2014 […]