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Appropriate method adopted is to make new laws
The more appropriate method adopted is to make new laws in compliance with the international laws because it would not only help in better understanding but, would also lead to more efficient legislative measures, beneficial for implementation. For example, Pakistan Penal Code provision 302 relates to murder and is in compliance with the international genocide convention. However, there are several treaties in which implementation organizations are specifically made in order to ensure enforcement and create obligations on a State. For example, Chemical weapons Convention implementation order 2000 was ratified by Pakistan and made it mandatory to abide by it and refrain from the production, and transportation of weapons. Similarly, after 9/11, Anti Terrorism Act 1997 Section 11, (25) amendments were made regarding terrorism, entirely changing the basic form of legislation, and the reason being to make domestic law in line with the international law. Furthermore, resolutions are passed by the UNSC to create an obligation on the States to follow certain international laws e.g. Resolution 1267 and 1373.
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what kind of thing should an analyst keep in mind when evaluating financial statements?
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