'Somebody was using somebody to make statements that will stir the stock market and lead to a surge.''A sudden surge and a sudden crash is always an ideal situation for people to make illicit gains......
On May 23, the US Securities Exchange Commission approved the final Interpretive Guidance for Management on the implementation of Section 404 of the Sarbanes Oxley Act (SOX 404) and on May 24, 2007......
The functioning of UK-based multinational accounting firm PricewaterhouseCoopers Pvt Ltd and its network audit firms in India came under judicial scrutiny with the Supreme Court agreeing to hear a......
Experts say, auditors must not allow themselves to be intimidated by the client management into conducting audits by conversation. It is important for auditors to conduct proper interviews and ask......
If raters get away by moving from AAA to D overnight after companies default, as happened with DHFL, YES Bank, RCom, and IL&FS, it shows a complete breakdown in the rating system. It calls for......
Damage from new shenanigans can be contained if regulators move quickly when something does not smell right, counsels Debashis Basu. IMAGE: Sam Bankman-Fried, who founded and led FTX until a......