Down payments on the future of accounting
Everywhere you look these days, it seems like you can find people making big investments in the future of accounting, putting up money and …
Accounting
Google India revenue declines 56% due to change in accounting standards
Google India, the arm of the technology giant operating in the country, reported a 56 per cent fall in revenue in the year ended March …
SBI Savings Accounts To Fetch Lesser Interest From November 1
State Bank of India (SBI), the country’s largest lender, will reduce the interest rates on deposits in retail savings accounts from November 1, 2019. …
Most countries have adopted accounting standards-IFAC
The International Federation of Accountants (IFAC) has worked with its member organizations since then to formally adopt globally accepted accounting standards in their countries. …
Implementation Guidance—FASB’s Continuing Challenge
Providing implementation guidance about the application of accounting standards has always been a challenging issue for the FASB. Is there enough guidance? Is there …
Wipro launches first phase of noomis to help financial services sector
Febraban is an industry association that represents the financial services sector in Brazil. Wipro has launched the first phase of noomis, online platform of Febraban, to help …
Banks debit 12 crore ‘ghost’ cards
Over 12 crore debit cards have gone out of circulation between December 2018 and June 2019, an indication that Indian banks have weeded out …
NFRA to cover public sector banks’ auditors
New audit regulator amends rules to include PSBs within scope of ‘banking companies’ The National Financial Reporting Authority (NFRA) has made it clear that …
Goldman Sachs company VP in Bengaluru charged with swindling Rs 38 crore
Insider fraud rocked Goldman Sachs , the leading global investment banking company, with a vice-president in the company’s Bengaluru office being charged with siphoning off US …
Swiss bank data: enough details to identify hidden wealth
On condition of anonymity, several bankers and regulatory officials said the details being shared relate mostly to businessmen, including non-resident Indians now settled in …
