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    Accounting Fraud

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    • Start-up frauds once again expose weak regulation of accounting professionals

      A spate of high-profile start-up frauds highlights a deeper malaise—systemic financial misconduct enabled by weak accountability. It’s time for a serious reckoning with the role of accounting professionals and stronger enforcement mechanisms

    • Brightcom: Analysis of financial statements before SEBI order reveals several governance lapses

      The Brightcom stock has seen a near 90% erosion in value since its peak in December 2021

    • Are our securities laws enough to deal with accounting and financial frauds?

      CG Power case raises questions whether the elaborate checks and balances of independent directors, auditors, Audit Committees, etc. can prevent a company from being stripped and shareholder wealth destroyed before it is too late

    • Can SEBI act against errant auditors? 

      Auditors claim SEBI has no jurisdiction over them. But that has not stopped SEBI from hauling auditors over the coals when cases of fraud emerge at listed companies. Who is right?

    • ABG Shipyard: Case of the ‘biggest banking fraud’ should be investigated by SFIO, not the CBI

      As the SFIO cannot start an investigation suo moto, the Central Government must assign the investigation to the agency in the public interest. 

    • The NFRA wants to minimise accounting frauds by shining more light on financial reporting

      Ideas such as using market-determined signals to ask auditors to sniff for trouble or identify systemically-important companies could change the reporting landscape in the years to come

    • How Wirecard’s fall is likely to impact the FinTech industry

      While regulations may imply safeguards, it is up to the industry players to instil and increase stakeholders’ confidence in the growth story of the FinTech and payments industry

    • Satyam scam: Hyd court sentences Raju to 7-year term

      The Hyderabad Special Court probing the Satyam Computer Services accounting fraud today sentenced the company‘s founder B Ramalinga Raju to a seven-year jail term while holding him guilty of cheating, forgery and criminal breach of trust.

    • Prevent Financial or Accounting Fraud

      This is the biggest corporate problem affecting organizations across industries, irrespective of company size.

    • Deposit nominee Satyam directors' salaries in treasury: CLB

      The Ministry of Corporate Affairs has suggested that Satyam Computer deposit the salary of directors nominated to its board by the government after a multi-crore accounting fraud was exposed at the IT firm in the government treasury.

    • No more pending litigation against Mah Satyam now: Nayyar

      Mahindra Satyam has agreed to settle US shareholder litigation arising from a 2009 accounting fraud, total of USD 125 million to the four lead plaintiffs for the class action suit.

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