Our advisor David Girling recently published an article in Mortgage Technology and we are providing the text here."When I was a teenager and I was driving with my father one afternoon, I got annoyed and finally said, “Dad, can’t you go faster than 55 MPH so that everyone else isn’t passing us?” My father, who [...]
As global accounting standards have started to converge, businesses are increasingly being required to understand and adopt XBRL as an enabling technology in enterprise wide disclosure initiatives being mandated by global financial governing bodies, such as the SEC’s Final Rule in the US and HMRC in the UK. Executing any company IT strategy requires knowledge, foresight and careful planning and XBRL is no exception.
B. Ramalinga Raju, founder and chairman of Satyam Computer Services Ltd. -- "satyam" means truth in Sanskrit -- said in a letter of resignation that he overstated profits for the past several years, overstated the amount of debt owed to the company and understated its liabilities.The front page of today's Wall Street Journal online carries [...]