Accounting Jugglery
The very basis of buying and selling stocks is reported financial data. We assume these numbers are credible but can we trust the promoters of Indian companies, especially of small- and mid-cap ones, to report honestly? And if they don’t, can we trust the auditors, who are our only line of defence, against crooked managements, asks Debashis Basu
 
The cornerstone of stock markets is...
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