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IMPORTS GOVERNMENT AUDITOR
CAG, Israel's apex audit body ink info exchange pactIndia's CAG and Israel's State Comptroller have inked a pact to boost public sector auditing through knowledge sharing and best practices. ...- ET Prime Special Series: Multibagger or IBC - Part 62: This quiet auto ancillary now earns in 3 months what it once earned in a yearThe stock has multiplied many times over in just a few years, the order book has never been bigger, and the value packed into every vehicle...
- 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, ...
- UP, Gujarat, Jharkhand, 10 other states record revenue surplus in FY25: CAG reportFifteen Indian states faced revenue deficits in the fiscal year 2024-25. Thirteen states, however, reported revenue surpluses. The Comptrol...
- Cracked 19 govt exams! This 23-year-old Raipur woman stunned nation with historic feat; Now she will receive award at Rashtrapati BhavanTwenty-three-year-old Charu Pandey from Raipur has achieved an extraordinary feat by clearing 19 competitive examinations, including presti...
- Prime Litmus Investment Management launches real estate opportunities fund, a Category II AIFPrime Securities has launched the Prime Litmus Real Estate Opportunities Fund, a Category II AIF targeting Rs 750 crore with a Rs 250 crore...
- 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...
- From $22 billion to zero: Success, not failure, brought Byju downByju's, once a $22 billion edtech giant, has collapsed. Founder Byju Raveendran faces jail for contempt. The company's downfall stems from ...
- SSC CGL 2026 notification out: Check vacancy details, PDF download, application fee, last date, and how to apply for over 12,000 jobs in ministries, departments, and govt officesSSC CGL Notification 2026 pdf: The Staff Selection Commission has opened registrations for the SSC CGL Examination 2026, aiming to fill app...
- Audit firms count the cost as India looks to tighten rulesThe landscape of corporate governance in India is on the brink of transformation, with new proposals potentially establishing some of the h...
- 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...
- India's urban transformation must be backed by accountability: CAG at BRICS SAI SummitDuring the BRICS Summit in Bengaluru, K Sanjay Murthy, India's chief auditor, emphasized the urgent call for heightened accountability in u...
- 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...
- 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...
- 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...
- Audit committees need to ensure independence of auditors: NFRA ChairpersonNFRA Chairperson Nitin Gupta emphasized the importance of audit committees ensuring auditor independence and good corporate governance. He ...
- CAs cannot get away just by citing red flags, says govtWhile auditors have the option of not signing accounts if the management does not address their concerns, such instances are seen to be rar...
- Lack of standard norms, complex procedures delay imports: CAGCAG pointed out that the main reason for delay in payment of customs duty was the disagreement on the amount of duty computed by the depart...
- Pulse import by Pawar ministry led to 1k crore loss: CAG ReportCAG tabled a report on import of pulses that squarely blamed the consumer affairs ministry for irregularities leading to losses that could ...
- Pulses imports result in Rs 1,201 crore loss to state firms: CAGState-owned agencies - MMTC, STC, NAFED and PEC has suffered losses of Rs 1,201 crore on import and sale of pulses between 2006 and 2011.
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