Its forex positions were naked and not hedged, leading to losses. Also, the bank failed to apply mark-to-market accounting.

IN the business world where every second counts and competition is fierce, top executives face the challenge of making the right decisions at the right time. Whether you're running a corporation, a ...

In March 2024, the Financial Reporting Council (FRC) issued its final amendments to FRS 102 The Financial Reporting Standard applicable in the UK ...

SXSW on Monday said that Matthew Shear’s Fantasy Life, Ben Affleck and Jon Bernthal’s reteam The Accountant 2 and Paige ...

Smart’s business even as the cab-hailing company continues to be a privately owned one. A Mint investigation into the tale of ...

Read to find out more about amortization, an important accounting method that accounts for the reduction in value of intangible assets over time.

NZICA governs the behaviour of chartered accountants in New Zealand. A chartered accountant who made a false and misleading ...

Rules related to recording debt, such as debt modifications and extinguishments, on balance sheets will be top of mind this year for an advisory panel that helps private companies apply complex ...

The Mosfilm film studio took out almost half of the films from its collection for the balance of the enterprise, but ...

IndusInd Bank stock plunges 27.17% due to accounting discrepancies, CEO tenure extension, and microfinance asset quality ...

As a small business owner, understanding key accounting terms is vital for managing your finances effectively and making informed decisions. Whether you handle your own bookkeeping or work with an ...

The IndusInd stock plunged 15% on Tuesday morning following the bank's disclosure that lapses in derivatives used as a forex ...