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ET Prime Special Series: Multibagger or IBC - Part 62: This quiet auto ancillary now earns in 3 months what it once earned in a year- The accounting trick used by companies to make a weak balance sheet look strong
- Who is Rajesh Mehta, man behind Rajesh Exports, facing SEBI ban over alleged Rs 15.15 lakh crore 'fraud' impacting LIC, others?
- 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...29 May, 2026, 09.02 PM IST
- 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, ...22 May, 2026, 06.03 PM IST
- 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...09 May, 2026, 06.18 AM IST
- How managements hide debt, losses, and disputes without breaking a single accounting rule – and take investors for a rideA listed company rarely operates alone. Behind it can sit a web of subsidiaries, step-down entities, associates, overseas arms, and special...02 May, 2026, 12.17 AM IST
- 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...24 Apr, 2026, 11.03 PM IST
- Apple withholds data in India antitrust case, CCI sets final hearingIndia's antitrust watchdog is moving quickly to decide penalties for Apple. The Competition Commission of India found Apple abused its domi...20 Apr, 2026, 03.27 PM IST
- The most dangerous number on an Indian balance sheet after debt – and how it is manipulatedDifferent years. Different companies. Different accounting tricks. One common story – an effort to show financial numbers which hide the tr...10 Apr, 2026, 10.22 PM IST
- The hidden architecture of debt: How companies can make their debt obligations disappearInvestors often read balance sheets, earnings reports, and ratios as if they show the full picture. But even when the numbers are technical...03 Apr, 2026, 11.48 PM IST
- Former Deloitte India chairman PR Ramesh joins VerSe Innovation as independent directorPR Ramesh, former Deloitte India chairman, has joined VerSe Innovation as an independent director and will chair its audit committee. He wi...31 Mar, 2026, 12.23 PM IST
- NFRA, ICAI mull mechanism to boost regulatory coordinationTo promote harmony and effective collaboration, India’s premier audit watchdogs, NFRA and ICAI, are setting up a systematic approach for be...16 Mar, 2026, 12.18 AM IST
- ICAI bats for division of audit onus; signals truce with NFRA after a yearThe Institute of Chartered Accountants of India is set to propose a clear division of responsibility between principal auditors of corporat...15 Dec, 2025, 05.30 AM IST
- ICAI looks to set a brand new standardThe Institute of Chartered Accountants of India plans to submit its own revised auditing standard to the government. This move could reigni...31 Oct, 2025, 10.11 AM IST
- NFRA takes action against auditors of Reliance Capital for lapses and fraudNFRA has penalized Pathak HD & Associates, and banned its partners, in Reliance Capital case after lapses in statutory duties and ethical v...15 Apr, 2024, 10.42 AM IST
- Here’s how to strengthen ecosystem for quality Fin reporting and auditsRobust regulatory mechanism is required to monitor financial reporting and governance compliance.17 Jul, 2019, 11.41 AM IST
- PwC to MCA: Resigned from Reliance companies as didn’t get satisfactory responses to queriesPwC has not gone into the specifics but merely hinted that there were certain transactions involving the group companies. “We did not recei...14 Jun, 2019, 10.17 AM IST
- Soon, parents will be accountable for audit of their armsParent companies may have to keep a watch on the audit process of subsidiaries.20 Dec, 2018, 07.42 AM IST
- ICAI to soon issue guidance on fraud reporting for membersUnder the Companies Act, 2013, auditors are required to inform the government about instances of frauds that they come across at companies.23 Apr, 2014, 04.44 PM IST
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