The audit section in a services agreement contains the provisions that specify a party’s right to access and review another party’s information in order to determine such party’s compliance with the ...

Recently, a group of prominent corporate executives, including Warren Buffett and Jamie Dimon, as well as investment managers and institutional investors, issued a set of “Commonsense Principles of ...

Accounting rule maker Institute of Chartered Accountants of India (ICAI) has asked the government to bring back the audit and certification provisions relating to Goods and Services Tax (GST) annual ...

The issue concerns whether declaring profits below the presumptive rate automatically triggers tax audit or whether turnover ...

CAG has recommended that all future production sharing contracts for auctioned exploration acreages should have an in-built provision that will allow the govt's auditor to scrutinise the records of ...

The Karachi Chamber of Commerce and Industry (KCCI) has suggested the Federal Board of Revenue (FBR) to abolish multiple provisions of audit under the Income Tax Ordinance, 2001, simplify procedure ...

In a clip from his Fox Business interview with host Stuart Varney, posted on his Instagram on May 24, 2025, O’Leary was asked whether he supported the bill in its current form. He responded with ...

Non-corporate assessees are required to obtain a tax audit report from a chartered accountant in certain cases. The limit of Rs 40 lakh in section 44-AB of the Income-tax Act, 1961, applies in the ...

Transparency International Bangladesh (TIB) has recommended including provisions in the draft Public Audit Bill-2024 to ensure the “audit of revenue assessment and collection” and the “pre-eminence ...

Big Four giant EY has reported a surge of over 300 per cent in its legal provisions, as the firm grapples with the fallout of high-profile audit failures and regulatory crackdowns. According to the ...