ISLAMABAD: The cost accountants would conduct re-audit of the taxpayers following the directive of the Federal Board of Revenue (FBR).
According to the FBR’s instructions issued to the field formations on Wednesday, the new sub-section (8A) of section 25 of the has been inserted wherein Commissioner has been empowered to direct a registered person to get his accounts re-audited
by an accountant and to get the inventory re-valued by a Cost Accountant keeping in view the nature and complexity of the accounts, volume of the accounts, doubts about the correctness of the accounts, multiplicity of transactions in the accounts, etc under the above said new sub-section. This power shall be exercised after granting a reasonable opportunity of being heard to the registered person, FBR added.
Copyright Business Recorder, 2026
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