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Thursday, February 12, 2009
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OPINION

INTERVIEW: Tasks ahead for audit committees
Foremost in the list of ‘ten to-dos for audit committees in 2009’ that Mr Sammy Medora, Chairman of KPMG’s Audit Committee Institute, draws up is this imperative: “Closely monitor the impact of the ...

ACCOUNTANCY: Multiple element contracts
Revenue contracts may involve delivery of multiple elements for which a lump-sum price is agreed. If the various elements are delivered to the customer at different points in time, the allocation of the lump-sum price to the various elements ...

ACCOUNTING STANDARDS: Recession accounting?
There is a comment doing the rounds that the credit crisis has assisted in the good health of a number of people, as they are on their feet with their cars having been repossessed. The situation appears to be getting grimmer every day with ...

AUDITING: Internal auditor from within and without
In an earlier article, the author had championed the cause of dual statutory audit — two sets of auditors simultaneously bestowing their attention and energy on the annual accounts of a company to be placed before the annual general ...

BOOKS: Gather invisible information
Even when accurate, statistics can never substitute for looking someone in the eye when you get the answer to your question, cautions Gerald A. Michaelson in Sun Tzu: The Art of War for Managers ...

CORPORATE GOVERNANCE: Can Satyam make good law?
The hard case for directors' liability

The latest development in the sordid Satyam saga is that the Government has decided to make all of the top executives and board members of Satyam Computer Services, including the independent directors, answerable for the gigantic fraud ...

EDITORIAL: Spend, but wisely
At any other time, the news that the Government is going to tap the market for funds would have been viewed with some suspicion that it was elbowing out the private sector. Yet, over the last six months, as governments around the world have ...

LETTERS: Relevance of economics
The article “Crisis in macroeconomics” (Business line, February 4) was well-timed. The author has exposed the futility of bringing a behavioural science to mere numbers and the extent to which it has ...

LETTERS: Levying user fee
When the Delhi airport was privatised, the Civil Aviation Minister sold the idea of free enterprise leading to benefits to the ultimate users. Now, what has he to tell the nation. The quality of service, both at the domestic and ...

LETTERS: Levying user fee
The editorial, “The tale of pledges” (Business Line, February 11) brings out the right of secondary market players, especially retail investors, to know the rationale behind pledging of shares. If it is in ...


Columnists: C Gopinath Harish Bijoor G Chandrashekhar S Murlidharan Sharad Joshi Mohan Murti S Balakrishnan Bharat Savur B S Raghavan Ganesh Challa Bhanoji Rao Swati T Banusekar Ramanujam Sridhar Ranabir Ray Choudhury Rasheeda Bhagat P.V. Indiresan P Devarajan S Muralidhar R K Raghavan B Venkatesh S Venkitaramanan




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Markets (Feb 11)
Nifty (at close)2,925.70(-8.80)
US Dollar (Buy/Sell)48.68/70
Brent crude (a bbl) Rs2,244
Gold (a gram) Rs1,334
Silver (a kg) Rs22,440


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