Searched for
MATERIAL MISSTATEMENT RISK
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...- Chinese business hired lobbying firm with ties to Donald Trump Jr, then scored a win in WashingtonA U.S. startup's bid to remove a Chinese investor from its board was rejected by a national security watchdog. A lobbying firm connected to...
- 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...
- 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...
- NFRA issues toolkit to help auditors detect errors in financial statementsThe National Financial Reporting Authority has issued a new toolkit to help small and medium accounting firms better assess risks of materi...
- Spandana Sphoorty suffers net loss, auditor flags concerns over fraudsSpandana Sphoorty Financial announced a net loss of Rs 434 crore for the fourth quarter, alongside troubling findings from independent audi...
- NFRA flags deficiencies in audit works by 2 PwC firmsThe National Financial Reporting Authority identified shortcomings in audits by Price Waterhouse Chartered Accountants LLP and Price Waterh...
- Embassy Office Parks shares in focus as CEO steps down after Sebi directiveShares of Embassy Office Parks REIT are in focus as CEO Aravind Maiya was suspended by SEBI for violating compliance norms. Maiya will tran...
- Sebi orders Embassy Office Parks to suspend CEO for violating compliance normsSebi directed Embassy Office Parks to suspend CEO Aravind Maiya following an NFRA order that debarred him for ten years over alleged profes...
- Faster rights issue: New changes may streamline the process but leave much to be desiredSebi introduces new norms to expedite the rights issue process, allowing quicker fundraising from existing investors. The guidelines focus ...
- NFRA debars auditor for lapses in books of Maharashtra-based BilcareThe National Financial Reporting Authority (NFRA) has debarred auditor Ratan Laxminarayan Rathi of RL Rathi & Co for two years and imposed ...
- NFRA bans 2 entities for professional misconduct in Seya Industries matterThe National Financial Reporting Authority (NFRA) has imposed a fine of Rs 20 lakh on an auditor and barred him for 10 years for profession...
- Set high sustainability standards to enable reporting with integrated thinkingOn June 23, one of the most path-breaking events in the world of sustainability reporting took place - the International Financial Reportin...
- Revolut auditor flags concern about $576 million of revenue in long-delayed 2021 accountsThe 2021 accounts were signed off this week after months of delays, following a revamp of Revolut's internal accounting systems and heavy r...
- Oyo refutes allegations by ZostelThe DRHP is replete with material omissions and blatant misstatements, intended to mislead the public to invest in Oravel's shares without ...
- India amends its accounting standards, major relief for entities like airlines & retail chainsThese changes to Ind AS will allow companies to show the Covid rental concessions in their P&L accounts. The move comes as a huge relief fo...
- How the 3-year clause impacts life insurance claimsRegardless of whether a claim has arisen or not and when it is intimated, once the period of 3 years is over, the policy cannot be called i...
- Sebi bars 3 entities for up to 5-yr in Onelife Capital IPO caseThe regulator found that Khandwala Securities was connected with Shree Rama Multi Tech Ltd (SRMTL) and had given Rs 1 crore to it.
- Not furnishing true & full info ground for rejecting mediclaim: SCThe Supreme Court on Friday said insurance companies can repudiate a mediclaim policy if true and full information is not furnished.
- New ICAI standard to help assess fair value of dealsThe Institute of Chartered Accountants of India (ICAI) has issued an auditing standard that will help enterprises to assess the fair value ...
Load More
