Technology: Compliance and XBRL

first_imgFive years ago the fallout from financial catastrophes like Enron and WorldCom drove the Sarbanes-Oxley into being.  A year ago now the pendulum was beginning to ease and advocates for relaxing compliance regulations seemed to be getting greater recognition.  But the events of the last six months have pretty much closed any opportunity for easing compliance requirements: the housing crisis, the credit crisis, the Madoff incident, India’s Satyam scandal, …With a new administration of Democrats moving into Washington in the coming weeks, the agenda in Washington is sure to bring up the review of Sarbanes-Oxley and other existing compliance regulations, and then to inevitably introduce new legislation to try to create more fiscal accounting transparency and oversight.Entrepreneur Mark Cuban suggests the government push more towards greeater use of the financial reporting specification XBRL. XBRL is a set of special XML tags that are designed to represent detailed financial data, and because each piece of data is tagged, searchability of XBRL data is a snap.  The SEC already requires $5 billion+ market-cap companies to report their financials in this format and the remaining public companies will need to report data in this format by 2010.  XBRL will make it much easier to analyze, compare and research company financials.Cuban recommends that the requirement of XBRL reporting be extended to all mutual funds, hedge funds, EFTs, brokers, dealers, market makers, banks, and loan companies.  With XBRL, the monitoring and auditing of these institutions would be made much more efficient. Beyond the requirement of changing the format for how data is reported, additional regulations may not really be needed.  There’s enough laws on the books already, it’s just that up until now, trying to uncover problems has proved to be too time-consuming without a way to quickly size up the data.XBRL might be all we need.  And from an ECM data management perspective, it’s satisfying to think that using the right data format can solve a lot of the world’s problem…last_img read more

Hafiz Saeed’s JUD continues to operate despite being on Pakistan’s terror list

first_imgEven after Pakistan was pushed into Financial Action Task Force’s (FATF) ‘grey list’ in February, it is still hard to justify whether the nation has seized all assets and offices of terrorist Hafiz saeed’s organizations given the ground reality in the country.This comes at a time when Pakistan works its way up to present its case and ‘action-plan’ against the Lashkar-e-Taiba (LeT) chief and mastermind behind the 26/11 Mumbai attack as well as his organisations Jamat-ud-Dawa (JUD) and Falah-e-Insaniyat Foundation (FIF).Pakistan recently claimed that it had seized hundreds of offices of JUD and FIF across Pakistan as part of its action implemented after the Presidential Ordinance signed by President Mamnoon Hussain which declares all individuals and entities on United Nation Security Council’s (UNSC) terror list illegal.The external pressure on Pakistan increased when United Nation’s latest terror list included hundreds of militants and organisations, who stem, facilitate, operate and collaborate with other terror groups from Pakistan.However, Islamabad’s claims of action against JUD and FIF, have not hindered operations of Hafiz Saeed’s force.Muridke, JUD’s 200-acre headquartersFirst up is the epicentre of JUD’s operations, which is headquartered in Muridke. It is located just outside Punjab’s province’s provincial capital of Lahore.The vicinity spread across 200 acres comprises a martial arts academy, training centres, a fleet of 4×4 trucks, educational institutes, swimming academy and thousands of staff members and volunteers.The main entrance, which initially had JUD’s banners, now has new signs hanging. However, business continues as usual inside the JUD headquarter.advertisementThe new name for JUD’s Muridke headquarter, which earlier was “Markaz-e-Taiba”, is now “Government Health and Education Complex Sheikhupura.”Only five police officals have been added to the squad of at least 100 JUD security guards. The government has added two school principals and a doctor to the facility.Mohammad Athar, an official of JUD said, “At least ,1000 students take classes here. Nearly 3,000 students and employees live on the site, which boasts manicured lawns, rice fields, sports grounds, hostels, residential colonies, a swimming pool and a horse stud farm. There are 35 horses for their riding classes. The students play soccer, gymnastics and martial arts. Cricket is prohibited because it’s a waste of time,” said Athar.Hudabya Madrassa, JUD’s seminary in ChakraAnother JUD facility is the Hudabya Madrassa, a religious seminary located in Chakra, just outside of Rawalpindi.The facility caters to at least 160 students, 22 teachers and 16 staff members.The government after taking over this facility, appointed only one caretaker on a salary of Rs 20,000 ($200 approx.) per month.The overall monthly expense of the facility ranges between 1 to 1.5 million rupees, which comes up to approximately $10,000 to $15000 every month.Interestingly, the expenses of the facility are still being managed by JUD itself.”People come and donate. Our group mainly bears the expenses,” said a teacher of the JUD seminary.A similar scenario was witnessed in another JUD facilitated mosque in Rawalpindi which had banners requesting for donations for Muslims in Kashmir, Palestine and Syria.Government inability to nab JUD’s widespread network fundingThe Punjab government claims it has taken over all facilities of JUD and FIF but has not yet formulated a plan and strategies on how to run the network.This is because the massive reach that Saeed’s charities make it very difficult for the government to not only run the network, but impossible for them to track and take control of their income sources and funding domains.”We’re still collecting details about the JuD’s facilities which have been taken over. Our financial strategists are in consultation with the federal government to prepare a plan to run these facilities,” a spokesman for the Punjab provincial government, Malik Mohammad Ahmad Khan, said during an interview with Reuters.JUD’s network included over 300 seminaries, schools, hospitals, a publishing house and ambulance service.The statement of Punjab province’s spokesperson highlights the inability of the government to take full control over Hafiz Saeed’s organisations and their funding sources, a fact that has been the reason why Pakistan has failed to convince FATF member states.It is pertinent to mention that Hafiz Saeed’s organisations were the focus of a motion moved by United States and its European allies who recommended Pakistan’s name be placed on the terrorist financing watch-list of the FATFFATF is an intergovernmental body that sets global standards for fighting illicit finance.Even though Pakistan has taken some action against JUD and FIF by sealing hundreds of offices in Punjab and other places including Kashmir and Gilgit-Baltistan, Lahore High Court (LHC) allowed Hafiz Saeed to carry out his welfare activities and barred the government from ‘harassing’ him.advertisementThis has made it all the more difficult for the government to take action against Saeed.Saeed’s council maintained that the move was being done under pressure of US and India.”It is regrettable that rulers have been bowing to external powers. The government was making the nuclear-armed nation an American colony,” said Hafiz Saeed.Pakistan lobbies to counter FATFPakistan is currently lobbying to block the FATF motion, the action-plan of which is to be presented by Islamabad to FATF in the coming days.Spokesperson of Ministry of Foreign Affairs (MOFA) Dr Faisal has said that Islamabad is in talks with FATF member countries and is lobbying to block the FATF motion that has put Islamabad on its ‘grey list’.Pakistan has also rebutted the FATF motion calling it a “pressure tactic” by the US at the behest of India.While Pakistan’s actions against Hafiz Saeed and his organisations are being documented and are to be presented as major action against countering terror-financing, the reality on the ground seems to negate its position and might just not be acceptable by FATF member countries.This may attract financial sanctions against Pakistan, whose financial borrowings have already been the highest in the country’s history under the current political government.Also read: Experts say Russia’s experience in Syria vital for combating terrorAlso read: United Nations Security Council has 139 groups from Pakistan on its updated terror listWatch: Afridi caught peddling ISI’s lies on Kashmir: Pakistan’s cricketer used against India?last_img read more

Italy just a stop on road to Kiev for Madrid & Barca

first_imgUEFA Champions League Italy just a stop on road to Kiev for Madrid & Barca Ben Hayward Last updated 1 year ago 20:47 16/3/2018 FacebookTwitterRedditcopy Comments(26) Cristiano Ronaldo Mario Mandzukic Juventus Real Madrid UCL 03062017 Getty UEFA Champions League Real Madrid Barcelona Opinion The two Clasico rivals were kept apart in Friday’s draw and will be expected to advance to the last four after the two were paired with Serie A sides The road to Kiev passes through Italy for Real Madrid and Barcelona. The two Spanish sides have won the Champions League three times apiece since 2009 and both will be considered favourites to advance to the semi-finals this time around after drawing Juventus and Roma, respectively.Real are 12-time European champions and have claimed the famous trophy in three of the last four years, including back-to-back successes under Zinedine Zidane over the past two seasons.Barca, meanwhile, have won the competition on five occasions and last lifted the coveted cup when they completed a treble in 2015, having also achieved a triple triumph in 2009 and then followed up with another victory in 2011. Article continues below Editors’ Picks Williams case shows Solskjaer isn’t holding Man Utd’s youngsters back – he’s protecting them Goalkeeper crisis! Walker to the rescue but City sweating on Ederson injury ahead of Liverpool clash Out of his depth! Emery on borrowed time after another abysmal Arsenal display Diving, tactical fouls & the emerging war of words between Guardiola & Klopp Both of the Clasico rivals were handed tough draws in the last 16. Real, having finished second in their group, were paired with Paris Saint-Germain, while Barca faced Chelsea. In the end, however, the two teams prevailed with relative ease.On Friday, Real were drawn against Juventus in a repeat of last season’s final (which Los Blancos won 4-1 in Cardiff), while Barca face Roma for a place in the Champions League semi-finals. Both sides will be happy with the lot.Juventus, in theory, is a tough draw for Real. The Italian champions are one of Europe’s great teams, but this is an Old Lady that really is getting on, an ageing team that somehow found a way past Tottenham in the second round despite only being the better team for around 20 minutes of the entire tie.”Honestly, I feel Tottenham were superior for much of the tie,” Real legend Emilio Butragueno said after the draw. “But Juve showed their character to qualify. That says a lot about the winning mentality they have, like ours.”It did. Juve found a way to win, just like Madrid. And although historically Real have had difficulty against the Italian giants in the European Cup, Zidane’s side would appear to be in better shape following their recent return to form.CLQFGFX“Real are concentrating on the Champions League,” former Juve midfielder Pavel Nedved said. “We will have more difficulty in that we are fighting on three fronts. It will be very tough but we’re ready to face this part of the season.”Meanwhile, Barca probably have the best draw of all in Roma. The Italian side edged out Shakhtar Donetsk in the last 16 and are way off the pace in Serie A title race this season, so even reaching this stage is a bonus.”We will face the best team in Europe,” Roma legend Francesco Totti said. “Barcelona will also be concerned at facing us. Roma has a very important and tough task ahead.”Perhaps. But it could have been much worse for both Barca and Real. The Primera Division pair managed to avoid Manchster City, Bayern Munich and Liverpool in Friday’s draw, while neither really wanted an all-Spanish tie against Sevilla.So, Italy should really be just another stop for the two Liga clubs on the road to Kiev and perhaps, a first Champions League Clasico since 2011.last_img read more

OSU Offensive Line Target Jaylan Jeffers Commits to Oregon

first_imgThe 6-foot-6, 260 pound tackle from Saguaro visited OSU back in June on an official basis as part of a visit-spree that included Colorado and Oregon, but Eugene and all it has to offer made a strong impression on him.“They all have great energy all the time,” he told Oregon Live. “The players love to be there. It’s not a one-sided thing, where a few people are bought in. It seems like everybody is pretty bought in.”Since offering him a scholarship this spring, OSU has planted seeds elsewhere, especially in recent weeks as it became apparent he was leaning heavily in favor of Oregon. While OSU has three OL commitments in the 2020 class, it’s likely they’ll take at least one more — ideally at the tackle spot to complement guard pledges Trent Pullen and Eli Russ as well as tackle commit Cade Bennett. While you’re here, we’d like you to consider subscribing to Pistols Firing and becoming a PFB+ member. It’s a big ask from us to you, but it also comes with a load of benefits like ad-free browsing (ads stink!), access to our premium room in The Chamber and monthly giveaways.The other thing it does is help stabilize our business into the future. As it turns out, sending folks on the road to cover games and provide 24/7 Pokes coverage like the excellent article you just read costs money. Because of our subscribers, we’ve been able to improve our work and provide the best OSU news and community anywhere online. Help us keep that up. In a stunningly well-done video posted to his Twitter on Wednesday, Arizona offensive line recruit Jaylan Jeffers, a three-star prospect who has been on OSU’s radar since the spring, committed to Oregon over OSU, LSU, Arizona State, Michigan and others.Jeffers said in his video he’s been to a number of great places and even mashed up some OSU film, but, he said, “There was one place that really stood out.”COMMITTED‼️— Jaylan Jeffers (@jaylan_jeffers) July 30, 2019last_img read more

Uniform Predictions for Oklahoma State-Oregon State in Corvallis

first_imgBack in ⬛️See you In 24 hours 👀 @41Million_ #BTD is— Oregon State Football (@BeaverFootball) August 30, 2019Justin Southwell (BWB): 2012 was a down year (8-5), but Oklahoma State bounced back in 2013 (10-3). 2014 was a down year (7-6), but Oklahoma State bounced back in 2015 (10-3). The 2013 and 2015 10-win seasons started with the Cowboys on the road in Black-White-Black. I expect history to repeat itself with Oklahoma State bouncing back from a down year by kicking off their campaign with a familiar combo (B/W/B).I would expect them to go with the brand logo to let Oregon State know who the real OSU is. It can be orange, it can be chrome, it can be whatever, as long as it’s the brand. While you’re here, we’d like you to consider subscribing to Pistols Firing and becoming a PFB+ member. It’s a big ask from us to you, but it also comes with a load of benefits like ad-free browsing (ads stink!), access to our premium room in The Chamber and monthly giveaways.The other thing it does is help stabilize our business into the future. As it turns out, sending folks on the road to cover games and provide 24/7 Pokes coverage like the excellent article you just read costs money. Because of our subscribers, we’ve been able to improve our work and provide the best OSU news and community anywhere online. Help us keep that up. The uniform predictions are back, and there will be a lot of orange and black in Oregon this weekend. The Beavers will be in all black, and the Pokes will counter with white jerseys. All that remains is the OSU helmets and pants. Here are our guesses.Carson Cunningham (BWB): I want to see the Cowboys flex on Oregon State by coming out in helmets with the interlocking OSU logo. They won’t do that but I do think they show off that they’re the real OSU and mix in a lot of black and orange. I’ll go matte black helmet with the brand on it, white jerseys and black pants.Kyle Porter (WWO): Oregon State’s all-black announcement solidifies this guess for me. I think OSU going nearly opposite with a WWO look and those filthy helmets from the TCU game last season (see above) would be premium.last_img read more

9 months agoRed Bull Salzburg striker Moanes Dabour eager to hear from Liverpool

first_imgTagsTransfersAbout the authorPaul VegasShare the loveHave your say Red Bull Salzburg striker Moanes Dabour eager to hear from Liverpoolby Paul Vegas9 months agoSend to a friendShare the loveRed Bull Salzburg striker Moanes Dabour has welcomed interest from Liverpool.TMW says Dabour is waiting for a call from Liverpool to bring him to Anfield.Despite rival interest from Valencia, he is reportedly desperate to play for Jurgen Klopp.Liverpool can snap up Dabour, 26, for £22.3m (€25m) because of a release clause in his contract.The Nazareth-born hotshot is enjoying a prolific campaign for Salzburg.He has scored 20 goals in 30 appearances in all competitions, including nine strikes in the Austrian Bundesliga.Dabour is under contract at Salzburg until the summer of 2021. last_img read more

Hardik Pandya was just dying to get into the thick of things: R Sridhar

first_imgHardik Pandya was just dying to get into the thick of things: R SridharIndia fielding coach R Sridhar revealed how eager Hardik Pandya was to get back into the Indian team and perform against New Zealand.advertisement India Today Web Desk HamiltonJanuary 30, 2019UPDATED: January 30, 2019 14:06 IST India tour of New Zealand 2019: Hardik Pandy picked up two wickets and a brilliant catch on his return to international cricket following the Koffee With Karan suspension (AP Photo)HIGHLIGHTSHardik Pandya took 2 for 45 from his 10 overs in the third ODI vs New ZealandIndia fielding coach R Sridhar revealed how eager Pandya was to perform on returnSridhar was also full of praise for Pandya’s catch to remove Kane WilliamsonHardik Pandya made his return to Team India after the Koffee with Karan controversy and after his subsequent suspension was lifted by BCCI.Pandya made an immediate impact as he took 2 for 45 from his 10 overs and took a stunning catch to see off New Zealand captain Kane Williamson.Team India fielding coach, R Sridhar on Wednesday revealed how eager Pandya was to play the 3rd ODI in Mount Maunganui and make a mark.”No one was more keen than Hardik Pandya to play that game,” Sridhar said at the pre-match press conference ahead of the 4th ODI in Hamilton.”He’s been working very hard during the time he got back home and the kind of energy he brought into the team, the desperation he brought was magnificent to see. He’s always been a good fielder. He was just dying to get into the thick of things and be a part of this and get back to what he loves doing, that is to play cricket and play it best he can,” Sridhar said.Perfect weather here in Hamilton for an intense session. pandya (@hardikpandya7) January 30, 2019The Indian fielding coach was also full of praise for Pandya’s catch in the third match.”That catch – he made a very difficult catch look easy. By no means an easy catch and then also the fact that it was Kane Williamson’s catch; the extra pressure of one of the best batsmen in the world. I think that was a turning point,” Sridhar said.”I would say a piece of magic from Hardik Pandya. He’s known for that. He’s one of the best fielders as we have in the country. If you also notice, he hit the stumps on quite a few occasions in his comeback match, which was very pleasing to see,” he added.advertisementPandya after the match posted “Thank you” on his social media platforms.Thank you ?? pandya (@hardikpandya7) January 28, 2019His performance also got praise from Kohli as well as Sunil Gavaskar.Pandya derailed New Zealand, Sunil Gavaskar hailed the all-rounder for a terrific performance.”Terrific performance, absolutely terrific performance. It’s never easy [to fly and straightway play a match]. The jet lag can get to you. He is a young man, he has had things that have happened and he just wants to forget it. The best way to forget it is being out on the field. And this is what he does best. Being on the field and playing for the country… that’s what you want,” Gavaskar had told Star Sports.Also Read | India vs New Zealand: India batsmen hate getting out, says Mitchell SantnerAlso Read | MS Dhoni spotted at nets after missing out third ODI vs New ZealandAlso See:For sports news, updates, live scores and cricket fixtures, log on to Like us on Facebook or follow us on Twitter for Sports news, scores and updates.Get real-time alerts and all the news on your phone with the all-new India Today app. Download from Post your comment Do You Like This Story? Awesome! Now share the story Too bad. Tell us what you didn’t like in the comments Posted byAkshay Ramesh Tags :Follow India vs New ZealandFollow Hardik PandyaFollow R SridharFollow India tour of New ZealandFollow Kane Williamsonlast_img read more

A Healthy Scalp is the Secret to Good Hair

first_imgIf you’re having issues with your hair, you need to get to the root of the matter. It may seem trite but that’s literally what you should do. Your scalp, where hair springs forth, needs to be a habitable environment for new and healthy growth. There are a litany of factors that can make it less than welcoming for your follicles, including environmental damage from the sun and pollution, a build-up of styling products, overproduction of oil, and excessive scratching. Using formulas that counteract the aforementioned issues and repair whatever harm has already been done, is the first step to setting things right and ensuring there will be better hair days ahead with a better, healthy scalp. 10 Best Beard Balms: The Secret to a Tamed and Tangle-Free Beard Your styling products are secretly sabotaging your look. As you pile on waxes, gels and pastes, they accumulate on the scalp, which leads to breakage, blocked follicles and flakiness. This purifying two-in-one clears it all away while leaving hair and scalp hydrated with naturally conditioning essential oils.Jack Black Nourishing Hair and Scalp Conditioner with Tea Tree Oil & Basil Leaf $20You don’t want to wash away the gunk only to pile it back on. Which is why you need to pick a lightweight condition like this one that moisturizes hair without weighing heavily on it and treats scalp issues, like dryness and irritation. Because healthy follicles equal a healthy head of hair (unless you have a genetic predisposition to baldness), this invigorating formula aims to invigorate them with a healthy dose of circulation-boosting caffeine.Kiehl’s Grooming Solutions Nourishing Shampoo + Conditioner $20 The Barbershop Renaissance and Men’s Grooming Revolution, According to Fellow Barber’s Sam Buffa V76 by Vaughn Tonic Hair & Scalp $20For one day a week, try swapping out your follicle-clogging stylers for this eucalyptus and juniper oil infused hair (and scalp) refresher. Simply spray in and feel the rejuvenation. How Often Should You Wash Your Hair? We Asked the Experts Editors’ Recommendations Long Hair for Men: Tips for Growing and Maintaining Your Style Sachajuan Scalp Shampoo $28Lathering up with this balancing shampoo, packed with an eye-opening blend of rosemary oil, ginger extract, and menthol, will help you get your scalp to that sweet spot between parched and grease ball.Davines NaturalTech Energizing Shampoo $30 Sprint Through Airport Security With These TSA-Approved Men’s Grooming Kits last_img read more

Trudeau lashes out at Conservatives over migration misinformation

first_imgOTTAWA — Warning against the “dangers of populism,” Prime Minister Justin Trudeau says using immigration as a wedge political issue puts Canada’s future at risk.During a wide-ranging interview with The Canadian Press, Trudeau said he believes a broad Canadian consensus holds that immigration is good for the country, in the face of growing opposition to it in other places.The Liberal leader’s line suggests a theme for next year’s election campaign.“The decision that the Conservatives have taken recently to, for example, go after the global compact on migration in a way that is deliberately and knowingly spreading falsehoods for short-term political gain and to drum up anxiety around immigration is irresponsible, is not the way we should be moving forward in a thoughtful way on one of the big issues that is facing our country,” Trudeau said.The prime minister says he welcomes debate and discussion about immigration — as long as it sticks to meaningful areas of policy, such as the right number of immigrants to bring to Canada each year and how to properly integrate newcomers within the country.“But the fearmongering, and the misinformation that is being deliberately and knowingly put out by the Conservative party right now, is very dangerous to something that has been an extraordinary advantage and benefit for Canada for generations,” he said.Conservative Leader Andrew Scheer’s press secretary Brock Harrison said Trudeau’s comments demonstrate that he is failing to take responsibility for Canadians’ concerns about the border. “He resorts to personal attacks and phoney arguments whenever he’s criticized for it,” Harrison said. “Conservatives will continue to hold him to account over the lengthy delays in processing and billions in added costs caused by his failure to secure the border.”Last week, Canada joined 164 countries in signing the UN Global Compact for Safe, Orderly and Regular Migration. It is the first large-scale agreement to cover all dimensions of international migration and is aimed at improving co-operation.But the pact has incited protest, particularly in Eastern Europe, where a number of far-right groups and political parties have used the compact to fan public concern over a historic increase in the number of migrants and displaced people fleeing wars, persecution and violence in their home countries — or, in some cases, seeking better economic opportunities.Scheer came out strongly against the compact on the grounds that it would give foreign entities influence over Canada’s immigration system, claims that have been rejected by many immigration-law experts.The Conservatives have also been hammering the Liberals over the influx of asylum seekers crossing into Canada “irregularly,” away from official entry points, over the last two years. The issue has led to clashes with Ontario Premier Doug Ford and Quebec Premier Francois Legault, who each want Ottawa to fork over $200 million or more to cover costs the two provinces have borne to house and provide services to asylum seekers.They say the federal government is too slow to assess refugee claims and while claimants wait, the provinces have to support them.Over 38,000 irregular migrants have arrived in Canada since early 2017.Trudeau might face a steep challenge if migration turns out to be an election issue. An Angus Reid Institute poll conducted this fall suggested the Liberals are vulnerable on the issue of asylum seekers. Shachi Kurl, executive director of the Angus Reid Institute, told The Canadian Press at the time that concerns about the border resonate across the political spectrum every time the Conservatives bring the issue up.Trudeau said he plans to address the Canadian public’s growing fears by emphasizing that Canada has a robust immigration system that ensures incoming refugee claimants pose no security risk and meets international obligations that Canada has agreed to uphold.“This process is working to keep us safe,” he said. “There is a careful approach (by the Conservatives) to try and scare people, and as we’ve said, it’s always easier to try and scare people then to allay fears in a time of anxiety.”Anti-immigrant rhetoric is helping some political parties, Trudeau acknowledged, pointing specifically to Eastern Europe and the United States. These views have gained traction online in Canada, he added, noting this as an area “that I think requires us to be more vigilant.”—Follow @ReporterTeresa on Twitter.Teresa Wright, The Canadian Presslast_img read more