Author Archives: surenraj

About surenraj

“Views expressed are my own”

Failure to Demine the Accounting Minefields

I borrowed the following two paragraphs to point out that the financial reporting world has not become better in two decades, despite many new  accounting standards and rules. The relevant article was titled  “Tread Lightly Through These Accounting Minefields” (H David … Continue reading

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Why governance for SMEs?

When Joe or Alice opened a corner shop in the neighborhood they never thought of governance frameworks and policies. They knew they had to sell stuff at a price exceeding cost and make a living out of what is called … Continue reading

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Governance & Journalism in good Ole Lanka!

  In contrast to Donald Trump’s war cry about “fake news”, a humble Barack Obama emphasized in one of his speeches to the African leaders that “good governance means everybody has a voice, that government is transparent and, thereby, accountable. … Continue reading

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Audit Committee role in IT Governance

With increased automation of operations in companies, internet connectivity and reliance on IT the associated risks have also increased many folds. Questions have been raised regarding the role of the audit committee in monitoring increased IT risks. The audit committee … Continue reading

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Govern Artificial Intelligence or face Destruction

After reading the title, many well read corporate leaders and IT pundits must be wondering what’s wrong with me or thinking if I also need AI, which may have been useful considering the state of our political situation! Considering our … Continue reading

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Boards should understand impact of IFRS on Debt covenants

  What are Boards, CFOs and CEOs doing about potentially breaching bank covenants for debt and equity with the advent of new accounting standards? Many companies may inadvertently breach debt covenants because they’re not prepared for the changes coming through … Continue reading

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Politics and Trust a comical oxymoron.

In corporates and with politicians, politics and trust has the same opposite impact. People who are involved in organizational politics don’t acknowledge the oxymoronic~ self contradictory effect of the words. They play politics using trust placed on them and then … Continue reading

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