News Muncher - category financial statements

3 weeks, 4 days ago

New accounting norms to be introduced for overseas biz operations

New Delhi: The audit regulator has proposed changes to accounting norms to ensure financial statements of businesses are more transparent and accurate about investments and transactions in foreign currencies for which the exchange rate is not readily available or is unreliable. The National Financial Reporting Authority at its last board meeting held in February decided to recommend to the ministry …

Global Financial Corporate Affairs Indian Changes Accounting Statements

1 month, 2 weeks ago

List of 10 free courses by IIMs on SWAYAM portal

Hindustan Times

Indian Institute of Management, IIMs are no longer restricted to providing management courses. Banking and Financial Markets: A Risk Management Perspective by IIMB: Through this course, candidates will learn about how to measure and manage credit risk, interest rate risk, foreign exchange risk, operational risk, off-balance sheet risk, etc. Strategic Financial Management: Managing for Shareholder Value by IIMB: This course …

Marketing Financial Risk Enrollment Free Weeks This Course

4 months ago

NFRA recommends revised audit standards for LLPs, ICAI objects to some changes

Live Mint

New Delhi: The National Financial Reporting Authority on Monday recommended audit standards for limited liability partnerships, although the accounting and auditing self-regulator Institute of Chartered Accountants of India expressed reservations about some of the proposals, the ministry of corporate affairs said in a statement. NFRA had earlier this month recommended revised audit standards for companies to be notified, with changes …

Financial Statement Audit Standards Icai Financial Statements Changes Nfra

NFRA Board revises all audit standards despite ICAI dissent on some likely effective from FY26

Live Mint

New Delhi: The board of the National Financial Reporting Authority on Tuesday approved a revision of all audit standards issued by the Institute of Chartered Accountants of India in spite of objections from the accountants' body on some of the changes. Revising standards The ministry said NFRA has referred to the government the revised 38 audit standards, including those dealing …

Board Financial Audit Standard Joint Standards Nfra

6 months, 4 weeks ago

Roc Hyderabad Imposes Rs. 40,000 Penalty On Sai Silks (Kalamandir) Limited And Directors For Non-Disclosure Of Asset In Rs. 50.94 Million Impairment Loss

Live Law

The Registrar of Companies, Hyderabad has held imposed a penalty of Rs. 40,000/- on Sai Silks Limited and its directors for failure to disclose the nature of the asset associated with an impairment loss of Rs. Brief Facts: Sai Silks Limited received a notice from the Registrar of Companies which pointed out a discrepancy in the company's financial statements for …

Loss Financial Penalty Companies Company Ind Act

11 months, 1 week ago

Personal Loan for Self Employed: Here’s what applicants should keep in mind

Live Mint

Personal Loan for Self Employed: Although it might present a bit more complexity compared to individuals with conventional employment, lenders are generally open to collaborating with self-employed applicants. When reviewing a personal loan application from a self-employed individual, lenders may scrutinise certain aspects like minimum income, business vintage, credit score, bank statements, and tax returns. Income tax returns, bank statements, …

Business India Personal Financial Credit Personal Loans Loan

1 year, 1 month ago

Here’s a look inside Donald Trump’s $355 million civil fraud verdict

Associated Press

NEW YORK — On the witness stand last year, Donald Trump proclaimed: “I have a lot of cash.” After Friday’s eye-popping penalty in his New York civil fraud trial, he’s going to need it — and maybe more. In addition to the $355 million penalty — payback of what the judge deemed “ill-gotten gains” from his spurious financial statements — …

Florida Trial Trump Interest Judge New York Washington

1 year, 1 month ago

Trump to pay $355 million for lying about his wealth, New York court rules

Firstpost

In a broad civil fraud verdict that pierces Trump’s image as a billionaire but stops short of forcing his real estate empire out of business, a New York judge found that the former president had lied about his wealth for years and ordered him to pay $355 million in penalties. Following a trial in New York Attorney General Letitia James’ …

Florida Trial Financial Wealth Trump Pay Judge

1 year, 1 month ago

The $355 Million Trump Fraud Fine Is Even Worse Than It Sounds

Slate

The New York state judge presiding over the civil fraud trial against Donald Trump brought down the hammer with an appropriately harsh $354,868,768 judgment against him for a decade’s worth of lies at the Trump Organization. Ivanka was later dismissed as a defendant, but in September 2023, the court granted partial summary judgment finding that each of the five remaining …

Organization Legal Judgment Trial Financial Court New York

1 year, 1 month ago

How Trump’s historic fraud trial unfolded: Gag orders, courtroom outbursts and a $350m outcome

The Independent

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. It didn’t take long for Judge Engoron to order Mr Trump’s attorneys to “control” …

Trial Financial Courtroom Trump Orders Judge New York

1 year, 1 month ago

Donald Trump fined $364 million penalty in New York civil fraud case

Hindustan Times

A New York judge ruled Friday against Donald Trump, imposing a $364 million penalty over what the judge ruled was a yearslong scheme to dupe banks and others with financial statements that inflated the former president’s wealth. Republican presidential candidate former President Donald Trump Trump also was barred from serving as an officer or director of any New York corporation …

Trial Financial Trump Case Judge New York Statements

1 year, 1 month ago

What Trump’s children said at his New York civil fraud trial

The Independent

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The main focus on Donald Trump’s myriad of legal woes …

Organization Trial Fraud Trump New York Washington Donald Trump

1 year, 1 month ago

Judge orders Trump to pay $355 million for lying about his wealth in staggering civil fraud ruling

Associated Press

NEW YORK — A New York judge ordered Donald Trump on Friday to pay $355 million in penalties, finding that the former president lied about his wealth for years in a sweeping civil fraud verdict that pierces his billionaire image but stops short of putting his real estate empire out of business. A New York judge ruled Friday, Feb. 16, …

Florida Fraud Financial Wealth Trump Pay Judge

1 year, 1 month ago

Trump is ordered to pay $355 million in fraud case, barred from doing business in New York

LA Times

A New York judge ordered Donald Trump and his companies on Friday to pay more than $355 million in penalties, finding they engaged in a years-long scheme to dupe banks and others with financial statements that inflated his wealth. Yet, defendants are incapable of admitting the error of their ways.” He said that their “complete lack of contrition and remorse …

Business Trial Fraud Financial Trump Pay Case

1 year, 1 month ago

Trump ordered to pay over $355M for fraudulent business practices in New York

NPR

Trump ordered to pay over $355M for fraudulent business practices in New York Enlarge this image toggle caption Shannon Stapleton/Getty Images Shannon Stapleton/Getty Images A New York judge has ordered former President Donald Trump and executives at the Trump Organization to pay over $364 million in a civil fraud case, handing a win to New York Attorney General Letitia James, …

Organization Financial Court Trump Pay New York Donald Trump

1 year, 2 months ago

Donald Trump Defies Judge, Addresses Civil Fraud Trial After Judge Receives Bomb Threat

Huff Post

LOADING ERROR LOADING NEW YORK — Barred from giving a formal closing argument, Donald Trump still got a brief chance to speak in court at the conclusion of his New York civil trial Thursday, calling the proceedings “a fraud on me” before the judge cut him off. Trump, the leading contender for the Republican presidential nomination, has repeatedly disparaged Engoron, …

Trial Fraud Court Civil Courtroom Trump Judge

1 year, 2 months ago

Donald Trump's civil fraud trial in New York heads to closing arguments, days before vote in Iowa

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Donald Trump ’s New York …

Trial Trump Judge New York State James Sign

1 year, 2 months ago

Donald Trump defies judge, gives courtroom speech on tense final day of New York civil fraud trial

Associated Press

NEW YORK — Barred from giving a formal closing argument, Donald Trump wrested an opportunity to speak in court at the conclusion of his New York civil fraud trial Thursday, unleashing a barrage of attacks in a six-minute diatribe before being cut off by the judge. Former U.S. President Donald Trump, with lawyers Christopher Kise and Alina Habba, attends the …

Business Trial Fraud Court Trump Judge New York

1 year, 2 months ago

Trump defies judge, gives courtroom speech on tense final day of New York civil fraud trial

LA Times

Former President Trump attends the civil fraud trial of the Trump Organization in New York on Dec. 7. “I’m being persecuted by someone running for office, and I think you have to go outside the bounds.” Judge Arthur Engoron — who earlier denied Trump’s extraordinary request to give his own closing statement — let him continue almost uninterrupted for what …

Trial Fraud Court Trump Judge New York Donald Trump

1 year, 2 months ago

Closing arguments concludes in Trump civil fraud trial in New York

NPR

Closing arguments concludes in Trump civil fraud trial in New York Enlarge this image toggle caption Timothy A. Clary/AFP via Getty Images Timothy A. Clary/AFP via Getty Images Closing arguments were given today in a civil fraud trial that alleges former President Donald Trump lied about his wealth. Sponsor Message New York Attorney General Letitia James' legal team is urging …

Legal Trial Fraud Trump Team New York Donald Trump

1 year, 3 months ago

After 40 witnesses and 43 days of testimony, here’s what we learned at Trump’s civil fraud trial

Associated Press

NEW YORK — After hearing from 40 witnesses over 2½ months, Judge Arthur Engoron sounded almost wistful as he presided over the last day of testimony in former President Donald Trump’s civil business fraud trial. His testimony led a frustrated Engoron to warn, “This is not a political rally.” Former President Donald Trump attends the Trump Organization civil fraud trial …

Trial Fraud Financial Court New York Statements Donald Trump

1 year, 3 months ago

Donald Trump returns to court, lauds his defense expert who sees no evidence of accounting fraud

Associated Press

NEW YORK — Former President Donald Trump returned to his civil fraud trial Thursday to spotlight his defense, renewing his complaints that the case is baseless and heaping praise on an accounting professor’s testimony that backed him up. “My main finding is that there is no evidence whatsoever of any accounting fraud,” said Bartov, whom Trump’s lawyers hired to give …

Fraud Financial Court Trump Case New York Statements

1 year, 4 months ago

Be harsh when you see serious fudging, NFRA tells auditors

Live Mint

New Delhi: Statutory auditors cannot take the easy way out by issuing qualified reports where an adverse opinion is warranted, following a recent order from the national audit regulator. When a company’s accounts make mis-statements that are “pervasive and material", the auditor must issue an adverse opinion, the National Financial Reporting Authority said in a disciplinary order. In a disciplinary …

Opinion Financial Man Audit Statements Nfra Financial Statements

1 year, 4 months ago

Donald Trump’s lawyers focus on outside accountants who prepared his financial statements

Associated Press

NEW YORK — Donald Trump blamed his accountants. Trump’s lawyers spent Tuesday digging into outside accounting firm Mazars USA LLP’s role in preparing financial statements at the heart of New York Attorney General Letitia James’ lawsuit, upping the blame with expert testimony from a former federal financial regulator. Jason Flemmons, testifying as an accounting expert, questioned some of the firm’s …

Properties Accounting Lawyers New York Donald Trump Value James

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Articles for Financial Statements

New accounting norms to be introduced for overseas biz operations

List of 10 free courses by IIMs on SWAYAM portal

NFRA recommends revised audit standards for LLPs, ICAI objects to some changes

NFRA Board revises all audit standards despite ICAI dissent on some likely effective from FY26

Roc Hyderabad Imposes Rs. 40,000 Penalty On Sai Silks (Kalamandir) Limited And Directors For Non-Disclosure Of Asset In Rs. 50.94 Million Impairment Loss

Personal Loan for Self Employed: Here’s what applicants should keep in mind

Here’s a look inside Donald Trump’s $355 million civil fraud verdict

Trump to pay $355 million for lying about his wealth, New York court rules

The $355 Million Trump Fraud Fine Is Even Worse Than It Sounds

How Trump’s historic fraud trial unfolded: Gag orders, courtroom outbursts and a $350m outcome

Donald Trump fined $364 million penalty in New York civil fraud case

What Trump’s children said at his New York civil fraud trial

Judge orders Trump to pay $355 million for lying about his wealth in staggering civil fraud ruling

Trump is ordered to pay $355 million in fraud case, barred from doing business in New York

Trump ordered to pay over $355M for fraudulent business practices in New York

Donald Trump Defies Judge, Addresses Civil Fraud Trial After Judge Receives Bomb Threat

Donald Trump's civil fraud trial in New York heads to closing arguments, days before vote in Iowa

Donald Trump defies judge, gives courtroom speech on tense final day of New York civil fraud trial

Trump defies judge, gives courtroom speech on tense final day of New York civil fraud trial

Closing arguments concludes in Trump civil fraud trial in New York

After 40 witnesses and 43 days of testimony, here’s what we learned at Trump’s civil fraud trial

Donald Trump returns to court, lauds his defense expert who sees no evidence of accounting fraud

Be harsh when you see serious fudging, NFRA tells auditors

Donald Trump’s lawyers focus on outside accountants who prepared his financial statements