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The weekly update from GCA Consultants provides links to several recent regulatory developments and publications from organizations such as the Federal Board of Revenue of Pakistan, State Bank of Pakistan, Institute of Chartered Accountants of Pakistan, and International Financial Reporting Standards Foundation. Updates include new tax and accounting standards, monetary policy announcements, credit ratings, and job opportunities.

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3K views4 pages

Email Updates Format

The weekly update from GCA Consultants provides links to several recent regulatory developments and publications from organizations such as the Federal Board of Revenue of Pakistan, State Bank of Pakistan, Institute of Chartered Accountants of Pakistan, and International Financial Reporting Standards Foundation. Updates include new tax and accounting standards, monetary policy announcements, credit ratings, and job opportunities.

Uploaded by

api-244053115
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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GCA Consultants -Weekly Updates (July 22 ) 2018

GCA CONSULTANTS:

CA PAKISTAN:

 CPD declaration commitments


https://www.icap.org.pk/cpd-declaration-commitment-2015-2018/
 Procedure for adjustment of sales tax
http://download1.fbr.gov.pk/Docs/20187131073548369STGO144of2018.pdf
 Draft income tax and wealth statement
http://www.fbr.gov.pk/DislpaySRO/6382
 SRO 1125
http://www.fbr.gov.pk/DislpaySRO/6381
 Amendment to revised accounting standard for small size entity
http://www.icap.net.pk/archives/4985
 IFRS 17 implementation support
https://www.ifrs.org//news-and-events/2018/07/ifrs-17-implementation-new-support-
materials-on-reinsurance-contracts-held-now-available/
 WHT card by FBR
http://download1.fbr.gov.pk/Docs/201872177844533WHTRateCardupdateduptoFinanc
eAct2018.pdf
 SBP announced monetary policy
http://www.sbp.org.pk/m_policy/2018/MPS-Jul-2018-Eng.pdf
http://www.sbp.org.pk/m_policy/2018/MPS-Jul-2018-Urdu.pdf
http://www.sbp.org.pk/m_policy/2018/MPS-Jul-2018-Compendium.pdf
 PAKISTAN ACCOUNTANT
http://www.icap.org.pk/wp-content/uploads/PA/2018/April-June/Pakistan-Accountant-
April-Jun%202018.pdf
 CDC regulations amendments
https://www.secp.gov.pk/document/draft-amendment-for-eliciting-public-
opinion/?wpdmdl=31973

www.gcaofficial.org Page 1
GCA Consultants -Weekly Updates (July 22 ) 2018

 Credit ratings by SBP


http://www.sbp.org.pk/publications/c_rating/2018/Ratings-16-July-2018.pdf
 FBR briefs on tax amnesty scheme
http://www.fbr.gov.pk/contents/member-fbr-briefs-sialkot-business-community-on-
tax-amnesty/21234
 Risk management guidelines for AMC
https://www.secp.gov.pk/document/circular-no15-of-2018-risk-management-and-
control-guidelines-for-asset-management-companies/?wpdmdl=31986
 ED – ISA 315 (revised)
https://www.ifac.org/publications-resources/exposure-draft-isa-315-revised-
identifying-and-assessing-risks-
material?utm_source=IFAC%20Main%20List&utm_campaign=d45be386a9-
SMP_Press_Release_9_14_169_13_2016_COPY_01&utm_medium=email&utm_term=0
_cc08d67019-d45be386a9-80296669
 Using ISA for small and medium practice – a guide
https://www.ifac.org/publications-resources/guide-using-international-standards-
auditing-audits-small-and-medium-sized-
18?utm_source=IFAC+Main+List&utm_campaign=eead36b503-
SMP_Press_Release_9_14_169_13_2016_COPY_01&utm_medium=email&utm_term=0
_cc08d67019-eead36b503-80296669
 Pakistani rupee worst performing currency
https://www.brandsynario.com/pakistani-rupee-becomes-second-worst-performing-
currency/
 IFRS foundation is moving
https://www.ifrs.org/news-and-events/2018/07/ifrs-foundation-office-moving/
 IFRS foundation new chair
https://www.ifrs.org/news-and-events/2018/07/erkki-liikanen-appointed-as-chair-of-
the-ifrs-foundation-trustees/
 Webcast on financial instruments

www.gcaofficial.org Page 2
GCA Consultants -Weekly Updates (July 22 ) 2018

https://www.ifrs.org/news-and-events/2018/07/new-webcast-overview-of-the-
discussion-paper-fice/
 Tax amnesty scheme seminar
http://download1.fbr.gov.pk/Docs/20187191574235690SeminarAboutTaxAmnestySche
meGujranwal.pdf
 Visit of chairman FBR
http://download1.fbr.gov.pk/Docs/20187191274145505VISITOFCHAIRPERSONFBR-
July162018.pdf
 Visit of member
http://download1.fbr.gov.pk/Docs/2018719167160463VisitofMember(SPR&S).pdf
http://download1.fbr.gov.pk/Docs/201871997267870MemberHRMVisitQuettaandCha
man.pdf
 CLAW updated practice kit

Dear Students,
The Practice Kit of CFAP-2 Corporate Laws “Edition 2018” have been uploaded in the students’
secured area. Following is the link for the online study packs.
http://www.icap.org.pk/student-profile-2/online-booksst/

ICMAP UPDATES:

 New Release:
 Job vacancies update
https://www.icmap.com.pk/jobs/jvi_rpt_15072k18.pdf
 ICMAP newsletter
https://www.icmap.com.pk/NewsLetter.aspx
 Exam notice for RIYADH students
https://www.icmap.com.pk/ExamNoticeDetail.aspx?Notename=398
 CBE exam details
https://www.icmap.com.pk/ExamNoticeDetail.aspx?Notename=399

JOB UPDATES:

www.gcaofficial.org Page 3
GCA Consultants -Weekly Updates (July 22 ) 2018

 For job updates, please click here jobs page.

www.gcaofficial.org Page 4

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