Corporate Fraud and Auditors' Responsibility

Authors

  • Ajay Deep Wadhwa The Institute of Cost Accountants of India

DOI:

https://doi.org/10.33516/maj.v50i12.87-90p

Abstract

The Companies Act, 2013, has introduced several new reporting requirements for statutory auditors. Section 143(12) requires statutory auditors to report to the government about frauds/suspected fraud committed against the company by the officers or employees of the company. The ministry of corporate affairs has also introduced the Companies (Auditor’s Report) Order, 2015, which also talks about fraud report. That brings us to a case where a dispute recently arose between the cost auditor and the management of a public sector undertaking (PSU).

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Published

2015-12-01

How to Cite

Wadhwa, A. D. (2015). Corporate Fraud and Auditors’ Responsibility. The Management Accountant Journal, 50(12), 87–90. https://doi.org/10.33516/maj.v50i12.87-90p