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What's going on at IIMA - Post Graduate Programme in Food and Agri-business Management

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Why do Indian firms pay higher fees to Big Four au...

June 6, 2016

Statutory auditors play a key role in corporate governance by ensuring that financial statements reflect the true and fair view of companies. The uncovering of major corporate frauds in India and elsewhere has led to a greater scrutiny of auditors' role as a watchdog that could prevent such frauds. Research in the US and in other countries indicate that generally the Big Four global accounting firms (EY, KPMG, PwC and Deloitte) provide higher quality of audit assurance r...

Making India an international commercial arbitrati...

June 6, 2016

The government has, of late, been taking steps to make the country a hub of international commercial arbitration. As of now, global hubs include Paris, London, Singapore, Hong Kong, Geneva and New York. Foreign companies entering into business contracts with Indian companies usually prefer a foreign city for resolution of disputes. This is the truth, whether we like it or not, and it is not due to the poor business prowess of Indian businesses vis-à-vis foreign counterpa...

Distrust and cross-check

November 26, 2015

The Volkswagen emissions scandal challenges us to move beyond Ronald Reagan's favourite Russian proverb "trust but verify" to a more sceptical attitude: "distrust and cross-check". A modern car is reported to contain a hundred million lines of code to deliver optimised performance. But we learned last month that all this software can also be used to cheat. Volkswagen had a cheating software in its diesel cars so that the car appeared to meet emission standards in the lab...

PGP-FABM - Special Text

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