Fraud Reporting Under Companies Act A Detailed Analysis
Fraud reporting under Companies Act The new act has given a lot of responsibility on the auditor to report frauds to the board of directors and the government. It means that even for a small fraud in any large multi-location enterprise, the onus would be on the concerned chartered account, or cost and management accountant to report frauds Section 143(12) to 143(15) of the Act contains provisions relating to reporting of fraud....