G20 offers no magic bullet to fix financial crisis

March 15, 2009 by admin · Leave a Comment
Filed under: Finance 

G20 leaders cannot solve all of the world’s economic woes on April 2, no matter how high British Prime Minister Gordon Brown builds expectations for a landmark financial summit that he will host in London.

As Angel Gurria, head of the Organization for Economic Co-operation and Development, describes it: “There is no ‘open sesame’. We’re not talking about pulling rabbits out of hats.” Read more

Salmond defends Scottish banking

March 15, 2009 by admin · Leave a Comment
Filed under: Finance 

Scotland’s first minister has defended Scottish financial institutions, saying they are not “uniquely responsible” for the current economic crisis. Read more

ICAI Council Clears Two More Auditing Standards to Enhance Quality of Audits

March 15, 2009 by admin · Leave a Comment
Filed under: Accounting and Auditing 

 

ICAI Council Clears Two More Auditing Standards to Enhance Quality of Audits

The Council of the Institute of Chartered Accountants of India at its 286th meeting held on March 8, 2009 cleared two more Standards on Auditing (SAs), i.e., Revised SA 500, Audit Evidence and SA 720, The Auditor’s Responsibility in Relation to Other Information in Documents Containing Audited Financial Statements in the direction of enhancing the quality of audits. Read more