Blog – Zero Fraud

Anti-bribery Program – Role of Board of Directors

By Huzeifa Unwala Turning a blind eye The Companies Act 2013 mandates listed corporates to set up a Vigilance function to identify misconduct and unethical behaviour of employees. On account of growing compliance fatigue (that includes spending appetite) corporates are unable to set up a robust Vigilance function. Mandate of Internal Auditor is to generally work on the prevention side of...

GST FAKE INVOICES [AGE OLD FRAUD IN A NEW AVATAR] – PREVENTIVE & DETECTIVE MEASURES

a) Old scheme continues in a New Avatar Invoice frauds are the most popular schemes amongst fraudsters. They are designed to generate false payments against: - false invoices or false entries in the books of accounts inflated invoices or duplicate invoices or fake invoices without underlying transactions of goods or services. Since the rollout of GST, a large number of fraud cases, involving the...