Practical reading from the firm — deadlines, regulatory changes and plain-language explanations of the things clients ask about most.
Section 111 of the Income Tax Ordinance, 2001 is often summarised in one line: "If you can't explain the money, FBR will tax it."
Pakistan's tax system is moving from "reporting what happened" to capturing transactions as they happen. FBR's Digital Invoicing System is the clearest example of that shift…
Super Tax under Section 4C of the Income Tax Ordinance, 2001 has become a significant line in the tax computation of many companies. A recurring dispute has been whether tax…
Sustainability reporting in Pakistan has moved beyond voluntary ESG discussion. The Securities and Exchange Commission of Pakistan (SECP) has adopted the IFRS Sustainability…
A business can report strong profits and still run out of money. Most owners have heard this. Fewer have a working method for spotting it before the bank does.
A company can report a profit and still face serious going concern risk. The reason is simple: profitability does not necessarily translate into sufficient liquidity to meet…
A common misconception is that once the financial year ends, the auditor's focus is limited to transactions recorded up to that date. In reality, what happens after year-end…
Consider this. A company reports profit before tax of Rs. 100 million. During the audit, the auditor identifies an uncorrected misstatement of Rs. 100,000 — one tenth of one…
Audit quality is no longer something a firm demonstrates at the end of an engagement. Under ISQM 1, it is something the firm has to build in from the beginning — and be able…
