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AUDITOR ACCOUNTABILITY
You don't need to be an accountant. You just need to ask three questionsA loss can exist long before the accounts admit it, because management decides when to admit it. This story shows how that delay works, the...- Technology can't substitute professional judgement, audit quality responsibility lies with auditor: NFRAThe National Financial Reporting Authority has introduced new principles for technology adoption by auditors. These guidelines promote the ...
- PAC expresses concern on impact of delay in production of electronically upgraded Dhanush gun systemA parliamentary committee expressed concern over Dhanush gun system production delays. These delays have affected the Army's operational pr...
- ET Prime Special Series: Multibagger or IBC - Part 68: Is this company, part of a southern group, getting simpler, or more complicated?A business can trace its manufacturing history to 1962, yet sit inside a listed company incorporated only in 2017. That is only the first c...
- ET Prime Special Series: Multibagger or IBC - Part 67: Can this auto ancillary close the gap between old mobility and EV revenue?The market may see this as another diversified auto component manufacturer. The deeper story is one of capital reallocation. The group is c...
- Accounting fraud: Every time, the same queue. The company, the auditor, and shareholders at the endBy the time a “going-concern” paragraph appears in an audit report, the trouble is usually several quarters old. The earlier signals are el...
- Sell a car. Promise to buy it back. That's not a sale. But companies show it as oneRevenue manipulation does not always sit in the sales line. The clue may be hidden deep in the figures and their explanation. This story ex...
- Bought a new apartment but facing structural, workmanship, or quality issues? Builders must repair it within 30 days if... Know your rights under RERABuilders must repair structural and quality defects within five years of possession. Homebuyers can report issues and expect repairs within...
- CAG flags Rs 3,541 crore excess spend, budgetary lapses in Maharashtra govt's Ladki Bahin schemeThe CAG flagged over Rs 3,500 crore excess expenditure on the Ladki Bahin scheme. Thousands of crores were parked in deposit accounts, indi...
- When Warren Buffett bought one company because of a book, and another on a handshakeHow does the world’s most careful investor buy a company with no due diligence at all? One of Warren Buffett’s acquisitions began with an a...
- This is how a company tricks you into thinking it's bigger than it is in realityRevenue is not always the amount written on the invoice. The final number can change because of rebates, returns, penalties, warranties, cu...
- The hidden cost of low audit fees: A risk investors cannot ignoreIndian audit fees for listed companies have lagged behind company growth significantly. This under-pricing compromises audit quality and au...
- Big 4 scores a win as ICAI pauses 'global networking norms'The Institute of Chartered Accountants of India's networking guidelines have been put on hold. Influential Big 4 firms lobbied the governme...
- SAIfety, monetise it: AI is rapidly becoming more about who owns the ecosystem around it - and India is prime candidateIndia can profit from global AI safety rules by providing services. The nation possesses the workforce to meet these emerging demands. This...
- AI-driven governance essential for detecting fraud, managing high financial data volatility: ExpertsIndustry leaders and financial experts highlighted the necessity of integrating Artificial Intelligence (AI) into financial reporting and c...
- India breaks into China's steel box monopoly after costly lessonIndia has launched its first export-import (EXIM) shipping container for global deployment, marking its entry into a sector overwhelmingly ...
- Trent shares crash 10% after Q1 update comes below estimates; revenue rises 19%Trent share price plunged 10% after reporting a 19% revenue increase for the June quarter. The company's fashion retail business and store ...
- Allahabad High Court to hear plea seeking CBI probe into Ram Temple donation irregularity allegationsThe Allahabad High Court's Lucknow Bench will hear a PIL seeking a CBI probe into alleged irregularities in Ram Temple donations. The petit...
- Supreme Court halts CAG audit of Delhi power discomsThe Supreme Court has put a temporary halt on the CAG's audit of Delhi's three private power distribution companies. Additionally, it order...
- SC halts Delhi government's CAG audit of private discomsThe Supreme Court has put a hold on a CAG audit of three private power discoms in Delhi, a move initiated by the Delhi government concernin...
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