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Sebi, other watchdogs plan 'Common Reporting Standard' for financial institutions

Last Updated: Monday, June 30, 2014, 14:14

The CRS would also prescribe the standard due diligence procedures that must be followed by all financial institutions (FIs) to identify reportable accounts.

China bans unapproved `critical reporting`: Xinhua

Last Updated: Wednesday, June 18, 2014, 17:39

China has banned its journalists from undertaking "critical reporting" without prior approval, state media said Wednesday, a further clampdown in a country whose media restrictions already rank among the world`s harshest.

Thai tanker believed hijacked on way to Indonesia

Last Updated: Sunday, June 01, 2014, 05:27

A Thai tanker, initially believed to have been hijacked, is on its way to Indonesia, the International Maritime Bureau said Saturday.

Iran bans pro-reform daily over `false` reporting

Last Updated: Thursday, May 08, 2014, 20:21

The reformist Ghanoon daily did not appear on newsstands in Tehran today after the judiciary accused it publishing false reports and shut it down.

NFRA to get powers to investigate companies, audit firms

Last Updated: Tuesday, October 22, 2013, 21:52

The National Financial Reporting Authority (NFRA), the proposed apex body for accounting and auditing standards, will have powers to probe and review audits of companies, including those which have securities listed outside India.

Swiss strike a second blow against bank secrecy

Last Updated: Wednesday, October 16, 2013, 21:26

Switzerland will cooperate more closely on fighting money laundering, officials said on Wednesday, marking a further loosening of bank secrecy a day after the country signed an accord to fight tax evasion.

Sebi study suggests stricter auditing of cos financial reporting

Last Updated: Wednesday, October 02, 2013, 15:27

A Sebi commissioned study has called for stricter auditing of companies' financial reporting to ensure that management discretion is minimised and corporate earnings are not manipulated.

`Reporter` Ronaldo shows off rapping skills in Rio!

Last Updated: Tuesday, July 30, 2013, 16:46

After wowing the world with his footballing ability, Brazilian legend Ronaldo showed off his skills off the pitch by rapping on the microphone, while he spent a day as a reporter in Brazil.

Vodafone adopts IFRS accounting; restates results

Last Updated: Thursday, April 04, 2013, 21:01

IFRS have been operationalised to provide a common global language for business affairs so that a firm's accounts are comparable across international boundaries.

Satyam made us smarter; auditors can't get cosy with management: MCA

Last Updated: Tuesday, December 25, 2012, 16:41

The Minister said there have been issues related to auditors that had led to various accounting frauds, including in the case of high-profile Satyam Computer scam.

HCL releases corporate sustainability report

Last Updated: Monday, December 17, 2012, 22:14

The report is an indicator of HCL's progress and outcomes in the corporate sustainability areas and has been created as per the A+ application level and externally assured by DNV, HCL Technologies Vice-Chairman and CEO Vineet Nayar said.

'XBRL will ensure more transparency in financial disclosures'

Last Updated: Thursday, September 20, 2012, 18:59

The implementation of the new financial reporting format, XBRL, will help ensure better transparency in accounting disclosures made by companies, a government official said Thursday.