Doctoring of the financial statement in India is a very common fraudulent practice whether it is for hiding poor performance or for routing bribes or for fooling investors, revealed a survey conducted by Ernst & Young LLP from March to May 2013.
Arpinder Singh of Ernst & Young said, "India is exposed in two ways: The threat that the same theft could happen in India and the fact that the outsourcing industry will also get affected,"
33% Indians feel offering cash to win biz is justified: Survey
It is a bit of irony for you. India boasts of being an IT superpower, but according to the latest E&Y report, most Indian companies fall short in diagnosing and treating e-attacks. CNBC-TV18’s Ashmit Kumar reports