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AUDITING AND ACCOUNTING STANDARDS
Karnataka: Priyank Kharge asks RSS to register, disclose finances and pay taxesKarnataka Home Minister Priyank Kharge has written to RSS chief Mohan Bhagwat requesting the organisation to register formally and disclose...
Agentic AI adoption drives stronger governance oversight, risk controlsIndian companies are prioritising local AI rules over international ones. They are focusing on ethics, identity, and privacy as AI adoption...
CAG flags shortcomings at Social Audit Unit of Assam; suggests corrective measuresAssam's Social Audit Unit is struggling with significant operational and governance issues. A CAG report reveals its registration expired f...
Examination system in crisis: The urgent need to shift focus from cost to capabilityRecent examination fiascos highlight a critical need to reform India's testing system. Current procurement practices favor low costs over e...
The accounting trick used by companies to make a weak balance sheet look strongIn one recent case, a large investment sat comfortably under equity until the auditor read the shareholders' agreement, found a buyback cla...
AI risks are here, time for tough rules: Anthropic CEO Dario AmodeiAs artificial intelligence grows more powerful, governments must move beyond transparency measures and introduce stronger regulations to ad...
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...
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...
Waiting for Form 16? Here’s when employers may issue it for AY 2026-27 ITR filingSalaried employees await Form 16 for Assessment Year 2026-2027. Employers must issue this crucial tax document by June 15, 2026. This form ...
Suzlon Energy shares crack 5% after Rs 29 crore Sebi fine for misleading financials; company clarifiesSuzlon Energy shares 5% dipped after Sebi imposed nearly Rs 29 crore in penalties on the company and former executives for misrepresenting ...
Asset which sits in the balance sheet for years without moving, then suddenly wipes out all profit in a single quarterThe most dangerous number on a balance sheet is not always the one that looks wrong. It is often the one that depends heavily on management...
Sebi fines Suzlon Energy Rs 29 crore for misleading financial statements; promoters, executives also penalisedSEBI has fined Suzlon Energy Rs 29 crore and several former executives for misrepresenting financial statements, inflating profits via circ...
HDFC Bank shares fall 5% in two sessions; lender responds to recent Rs 45 crore differential payment reportHDFC Bank shares dropped for a second day following a report of an internal investigation into Rs 45 crore in payments disguised as marketi...
Supreme Court seeks govt, RBI response to plea for audit of banks' realty exposureThe Supreme Court has asked the government and the Reserve Bank of India for their response to a petition that wants banks' dealings with r...
Supreme Court pulls up Centre over food safety failures, seeks auditThe Supreme Court has directed the Centre and the Food Safety and Standards Authority of India to explain why a nationwide performance audi...
Right to trauma care of citizens integral part of right to life, Supreme Court saysThe Supreme Court has asked all states and Union Territories to launch a unified helpline, 112, for emergency responses. A functional syste...
India, Cyprus to collaborate in research and technology fieldsIndia and Cyprus leaders met to boost cooperation. They signed MoUs on innovation, technology, and higher education. Space sector partnersh...