NFRA’s new guidelines: Auditors mandated to proactively report corporate fraud

The Government wants to tackle the menace of corporate fraud head-on and there could be more such measures on their way soon

The dark underbelly of the otherwise vibrant corporate world comes to the forefront whenever allegations or investigations of financial irregularities, fraud, or corporate governance issues make headlines. The infamous Satyam scandal is a prime example, which sent shockwaves through India Inc. and reminded us that even the most successful companies can be brought down in a blink of the eye due to allegations pertaining to corporate fraud.

Please click here to read the full article by Kartik Jain and Debottam Chattopadhyay, published in ET Edge Insights.