Warren Buffett once told his shareholders that without one particular acquisition, Berkshire Hathaway “would be lucky to be worth half of w...

Revenue manipulation does not always sit in the sales line. The clue may be hidden deep in the figures and their explanation. This story ex...

Revenue is not always the amount written on the invoice. The final number can change because of rebates, returns, penalties, warranties, cu...

Indian audit fees for listed companies have lagged behind company growth significantly. This under-pricing compromises audit quality and au...

The 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...

Goods left the warehouse. The invoice went out. So it must be a sale, right? Not always. Under the rules, a sale counts only when the custo...

Warren Buffett said you only find out who is swimming naked only when the tide goes out. The year he wrote this in his annual letter to sha...

You can’t pick the manager, but he could decide your career, says Devashish Chakravarty.

Most accounting risks make noise. The biggest one on the Indian balance sheet doesn't. It hides inside growth assumptions, discount rates, ...

This is the uncomfortable truth about company accounts. A number on a balance sheet is not always cash that will return, and a liability tu...

Some auto ancillary stories are best understood by products. This one is best understood by buckets. The first bucket is still old auto, an...

In one recent case, a large investment sat comfortably under equity until the auditor read the shareholders' agreement, found a buyback cla...

Quote of the Day by Miley Cyrus: Miley Cyrus’s quote, “You can't stop people from talking about you, but you can stop giving them something...

Amortisation is a number most investors skip, but it can shape reported profit. On the surface, it looks routine: A company spreads the cos...

The National Financial Reporting Authority penalized M/s Venkatesh & Co Rs two crore and barred auditors Dasaraty V and Desikan G for 10 an...

CAs found guilty of bringing 'disrepute' to profession may end up losing licence, face ban.

Income Tax department extended the last date for filing I-T return for businessman and professionals who are required to submit the tax aud...