The Hindu Business Line : Thursday, May 24, 2007

AUDITING
CONTRA ENTRY
Concern over audit opinion
In general, the hit rate for auditor opinions to capture the true underlying economics of the firm is rather limited. The reasons could be several ranging from extreme uncertainty in business conditions to gross incompetence. More

ECONOMY
Monsoon may be delayed by 3-4 days
India Meteorological Department (IMD) said on Wednesday that the onset of the southwest monsoon over Kerala was not likely to take place during the next three to four days. IMD said in a special bulletin that, this year, monsoon set in over ... More

FINANCIAL MARKETS
Trading at the forex margins
A plethora of small steps have been taken towards fuller Capital Account Convertibility, by easing further the restrictions on capital outflows. A bold move towards a liberalised remittance scheme allows remittances up to $100,000 per financial ... More

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