Archive for the ‘XBRL’ Category

“You Can Get a Pilot License in India After Just 35 Minutes in Air,” screamed the headline in the Bloomberg yesterday. “Indian Trainee Pilots Passed After Just 35 Minutes Flight Time, Report Says,” Time magazine said, quoting the Bloomberg report. Just when things seem to be looking up for the   Read More ...

Categories: Random walk, XBRL

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Over the last week, the CBI has been reeling under the embarrassment of goof-ups over incorrect information. In the Purulia arms drop case, the warrant had expired. In the case of the two wanted men who are actually in India even as the list given to Pakistan says that they   Read More ...

Categories: XBRL

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In 1999, five accountants, working independently, tried to figure out if the Enron lie could not have been caught before it blew up. The basic question before the five accountants was: where did Enron hide its muck. They asked if there were lessons to be learnt from the Enron saga   Read More ...

Categories: XBRL

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“With XBRL you cant hide”, this was something I stated in my previous article. Here, I stand vindicated. The myiris.com study has thrown up some startling findings. The study has shown that more than 200 listed Indian companies have discrepancies in their annual audited financial results. The discrepancies are such   Read More ...

Categories: XBRL

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One way to understand what something is, to first understand what it is not. Allow me to list ten things that XBRL is not, hopefully making it self-evident as to what XBRL is. 1. XBRL is not a piece of software Though XBRL is not software, you will need software   Read More ...

Categories: XBRL

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