ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has directed companies to follow accounting standard on “Accounting for Common Control Transactions” approved by the Council of Institute of Chartered Accountants of Pakistan (ICAP).According to a notification issued by the SECP here on Friday, the SECP has directed that the accounting standard on “Accounting for Common Control Transactions” annexed to this notification, approved by the Council of Institute of Chartered Accountants of Pakistan, shall be followed, by companies, while carrying out common control...
https://www.brecorder.com/news/40149160/common-control-transactions-secp-directs-cos-to-follow-accounting-standard#brecorder
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