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.
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.