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ADVERSE AUDIT REPORT
Will cooperate fully with fresh forensic audit, won't challenge Sebi interim order: Rajesh ExportsRajesh Exports Ltd will cooperate with a new forensic audit ordered by Sebi. The company faces allegations of inflating revenues by Rs 15.1...- Balance sheet trick: Decoding another manipulation, and how to spot a bad apple in your portfolio before othersThere is one line in the accounts that most investors skip because it looks routine. But behind that line can sit disputed demands, old los...
- Explained: Inside Sebi's Rs 15.15 lakh crore revenue inflation allegations against Rajesh ExportsRajesh Exports has come under intense scrutiny after Sebi accused the company and its promoter of inflating revenues, misclassifying person...
- The curious case of Rajesh Exports: Massive revenues, meagre profitsIndia's fourth-largest company, Rajesh Exports, faces a Sebi probe for alleged financial fraud. Investigations point to accounting irregula...
- Flawed AI, deepfakes and geopolitical conflicts pose major risks to business: WiproIT major Wipro identifies Artificial Intelligence adoption as a significant risk. Flawed algorithms and biases could lead to legal and fina...
- Forget fake invoices. The real risk is the assumptions made in the balance sheet to hide lossesMost accounting risks make noise. The biggest one on the Indian balance sheet doesn't. It hides inside growth assumptions, discount rates, ...
- Six companies, six tricks in Indian balance sheets, and how investors get taken for a rideWhenever an Indian company imports goods, borrows in foreign currency, earns overseas revenue, or runs a foreign subsidiary, forex accounti...
- ET Prime Special Series: Multibagger or IBC - Part 57: Forging firm that supplies Tata, M&M, JCB. Nobody talks about it enoughFor over four decades, one company has been making crankshafts quietly and precisely, supplying customers from Tata Motors to Liebherr to M...
- Pilots warn delay in rest rules is putting flight safety at riskPilots' body ALPA has alerted the DGCA about risks from delayed flight duty rules. They warn that ongoing relaxations for airlines weaken s...
- When the acquisition looks great but the footnote doesn't: How Indian managements turn deals into balance-sheet fictionAcquisitions are among corporate finance’s most celebrated events. But the harder story usually emerges later, when the accounting begins t...
- Failure of Internal Financial Controls: Management’s accounting manipulation, and fraud perpetrationInternal Financial Controls are far more than a compliance formality. They often separate reliable accounts from misleading numbers. This s...
- OnePlus India audit flags glitches, PF payment lagsAuditors flagged OnePlus Technology India for hosting accounting software on foreign servers, using non-English program codes, delayed empl...
- Sebi extends deadline for investment advisers to conduct annual compliance auditFor the financial year ending March 31, 2021, the investment advisers (IA) are now required to conduct the annual compliance audit by Decem...
- NFRA flags lapses in statutory audit of Jaiprakash Associates in 2017-18; says impact 'material, pervasive'In its 207-page Audit Quality Review Report (AQRR), including annexures, issued on Friday, NFRA has made ten observations. It has listed ou...
- Forensic audit finds no fraud, fund diversion at Reliance Home FinanceLenders of the company had appointed Grant Thornton for the audit, as required under the RBI guidelines.
- SBI-led banks order forensic audit of Videocon’s accounts as a precursor to debt recastKPMG will conduct a thorough inspection of the group's accounts to check financial mismanagement. The move is a precursor to start the debt...
- Govt examining expert panel report on audit firmsSet up by the Corporate Affairs Ministry, the panel examined various issues pertaining to audit firms, including possible adverse impact fr...
- Govt panel on audit firms gets more time to submit reportThe panel would also examine whether joint audit could be introduced in cases where there are restrictive covenants.
- CAG asks Oil Ministry not to approve RIL's investment plan for KG-D6CAG has asked Oil Ministry not to approve any of Reliance Industries' investment plans for the flagging KG-D6 gas field unless the company ...
- CAG Vinod Rai elected UN external audit panel chiefRai as chairman will oversee the audit of the International Atomic Energy Agency (IAEA), besides setting audit agenda for all UN specialize...
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