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All participants confirmed the minutes of previous meeting and endorsed draft Accounting procedure for Endowment fund.
Moreover, contribution can be deposited at Pakistan missions and remitted to the State Bank of Pakistan which would prescribe necessary accounting procedure.
In other foreign countries contributions will be received at Pakistan Missions and remitted to the State Bank of Pakistan which would prescribe necessary accounting procedure.
The accounting procedure to be adopted for paying the honoraria has been developed by the K-P Auqaf Department in consultation with the K-P finance department and K-P accountant general's office and currently being sent to the office of the controller general of accounts Islamabad for vetting, said officials in the know-how.
The CAG questioned the defence minister about the current accounting procedures but the ministry said " that the existing accounting procedure was not fully in force as some of the items therein had become obsolete".
The Associated Press reported that if the federal government employed the same accounting procedure used by private companies, the deficit for Fiscal 2008 (ending September 30) would have exceeded $1 trillion.
* The Institute Committee on Accounting Procedure (CAP) effectively becomes the first U.S.
Prior studies have examined the relationship between accounting procedure choice for external reporting and specific firm characteristics.
ISLAMABAD -- Federal Minister for Climate Change Mohammad Yousaf Sheikh chaired the meeting of Houbara Bustard and Migratory Birds Endowment Fund Board meeting held at Ministry of Climate Change here on Friday.All participants confirmed the minutes of previous meeting and endorsed draft Accounting procedure for Endowment fund.
In other foreign countries, contributions would be received at Pakistan Missions and remitted to the SBP, which would prescribe necessary accounting procedure.
However, the audit will be carried out under Section 1.9 of the accounting procedure of the production sharing contract, and not a performance audit of RIL, the ministry has stated.
Authority to set accounting principles essentially was delegated to the AIA and its Committee on Accounting Procedure, chaired by George O.

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