accountant

ISLAMABAD -- The accountants working in federal government educational institutions (FGEIs) cantonments/garrisons have demanded the Prime Minister Naraz Sharif, Chief Justice of Pakistan and Chief of Army Staff General Raheel Sharif to upgrade them from BPS-14 to BPS-16.

The move comes within the framework of the MEC's efforts to improve the services offered by chartered accountants and raise awareness among accounting offices and customers about the legal rights and duties of chartered accountants, the ministry said in a press statement.

Accountants may encounter issues regarding the privilege of client confidentiality in three general contexts.

Some individuals working as bookkeepers or accountants have no formal license or education in accounting," he says.

Dueling accountants usually present two different sets of numbers, creating a range within which the parties are likely to settle.

In light of the existing case law, a corporation seeking to maximize claims of attorney-client privilege, should, when seeking advice from its outside tax counsel or accountants, pose its request in terms that are not directly tied to the preparation of its return.

Accountants are now asked to walk these clients through every aspect of the business, from leasing to buying and selling to financing.

As the work environment has become more complex, demand will continue to grow for accountants with certain areas of expertise and specific certifications.

A commitment to maintaining professional competence through lifelong learning is critical for accountants to meet the needs of a competitive worldwide economy and carry out their public-interest responsibilities.

The federal bank and thrift regulatory agencies on August 8, 2003, issued final rules governing their authority to take disciplinary actions against independent public accountants and accounting firms that perform audit and attestation services required by section 36 of the Federal Deposit Insurance Act.

Accountants who insist on you setting up your chart of accounts to make their work easier may impose a system on you that robs you of useful analytical information.

A qualified accountant has to undertake at least three years training with a firm authorised by the Institute of Chartered Accountants and has to pass stringent exams on financial management, auditing, business strategy, taxation and IT.