Internal auditor: Watchdog or bloodhound?

In a recent incident of fraud unearthed at a multinational banking and financial services company in India, the internal auditor was arrested on charges of conspiring with other co-accused in deliberately failing to point out certain discrepancies. The National Company Law Tribunal added names of the internal auditors (present and former) as parties to the … More Internal auditor: Watchdog or bloodhound?

Unveiling fraud reporting trends in listed companies

Global and Indian organizations have been under intense regulatory scrutiny on account of potential lapses in compliance or corporate governance, and an influx of fraud, bribery and corruption cases. Enforcement action has stepped with regulators such the US Department of Justice (DOJ) and Securities and Exchange Commission (SEC), UK’s Serious Fraud Office and Financial Services … More Unveiling fraud reporting trends in listed companies