Circulars issued in 2024

Circular 1 – Amendments to IAS 1 and Consequential Impact on the Auditor’s Report: Disclosure of Material Accounting Policy Information

Circular 2 – Educational Material – Using the SASB Standards to meet the requirements contained in IFRS S1 ‘General Requirements for Disclosure of Sustainability-Related Financial Information’, issued by  International Sustainability Standards Board (ISSB)

Circular 3 – Guidance on transfer of revenue reserves to capital reserves issued by Securities and Exchange Commission of Pakistan

Circular 4 – Implementation of ISQM Standards and Consequential impact on the Assurance and AUP Reports: Replacement of term ISQC 1 with ISQM 1

Circular 5 – Amendments to the Auditors (Reporting Obligations) Regulations, 2018 issued by SECP

Circular 6 – Amendments to the Modaraba Companies and Modaraba Rules, 1981 issued by SECP

Circular 7 – IAS 12 Application Guidance on Accounting for Minimum Taxes and Final Taxes

Circular 8 – Guide – The Essentials of GHG Accounting under IFRS Sustainability Disclosure Standards

Circular 9 – Green House Gas (GHG) Emissions Accounting software

Circular 10 – Clarification in relation to ‘IAS 12 Application Guidance on Accounting for Minimum Taxes and Final Taxes’

Circular 11 – ICAP Code of Ethics for Chartered Accountants (Revised 2024)

Circular 12 – Auditor’s Report on financial statements required to be submitted together with tax return

Circular 13 – Guidance on the Audit Reporting Requirements of the SOEs Act, 2023 and Illustrative Format of Auditor’s Report of SOEs


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