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Blog: Liv's World

Sorry wrong number: Study finds financial results of 209 listed Indian companies don’t add up

26-May-09 03:26 | Liv Watson
IRIS India released a study last week that I think you will find very interesting called " Sorry wrong number: Study finds financial results of 209 listed Indian companies don’t add up"
    

IRIS' study using XBRL finds that more than 200 listed Indian companies have discrepancies in their annual audited financial results. Some of the errors are serious, like for this company whose reserves in the balance sheet show a whopping Rs 2.16 billion discrepancy.

 
The study can be found here.

Have a great week!

Liv




 

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