Corporate Fraud and Auditors' Responsibility
DOI:
https://doi.org/10.33516/maj.v50i12.87-90pAbstract
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).Downloads
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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
Issue
Section
Audit