Case Study on SAIL
Case Study on SAIL (Window Dressing) The annual report for 1997-98 reveals, the Rs 16,403-crore Steel Authority of India Ltd’s (SAIL) bottomline is not worth its weight in steel. By resorting to complex accounting changes, and despite 11 qualifications from 5 statutory auditors–as well as the venerable Comptroller & Auditor-General of India (CAG) SAIL, transfigured net losses of Rs… Read moreCase Study on SAIL