Corporate Governance & Fraud Risk Management

Corporate Governance & Fraud Risk Management

by Balwinder Singh
Released January 2014
Publisher(s): Pearson Education India
ISBN: 9789332540866

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Book description

Corporate Governance and Fraud Risk Management in India presents a thorough examination of corporate frauds in India focusing specifically on promoters, controlling share holders of companies and certain intermediaries. By examining the role of the macroeconomic environment that induces law-abiding citizens to indulge in violations of the law and by analysing the relationship between policy distortions and weak regulatory and enforcement mechanisms, this book emphasizes the need to shed the general atmosphere of cynicism in order to channel well-thought improvements that will strengthen and reinforce the laws and regulations governing corporate frauds in India. While this book will appeal to anyone interested in understanding the nature of corporate governance and fraud risk management in India, it will be especially useful to investigators, forensic auditors, prosecutors, lawyers and judges. Chapters one to ten detail the modus operandi of different kinds of corporate frauds. Chapters eleven and twelve will be useful for policy makers and economists interested in improving corporate governance in India. Bankers will find the analysis of different corporate frauds useful in refining their risk management strategies, specifically in relation to lending. Investors, chartered accountants and investigative journalists will also find this an interesting read.

Table of contents

  1. Cover
  2. Contents
  3. Foreword
  4. About the Author
  5. Chapter 1 : Corporate Frauds and the Macroeconomic Environment in India
    1. Shell Companies and Accommodation Entry Operators
    2. Abuse of the Participatory Note
    3. Nature of Real Estate Transactions
    4. Hawala
    5. The Impact of Corporate Frauds
  6. Chapter 2 : Financial Statement Frauds
    1. Financial Statement Frauds to Induce Banks and Financial Institutions
    2. ‘Purchase’ of Shares at High Premium
    3. Transferring Shares to Subsidiaries at an Inflated Value
    4. Over-valuation of Long Term Investments
    5. Inflating Turnover
    6. Financial Statement Frauds to Retain Controlling Stake
    7. Financial Statement Frauds to Obtain Monetary Incentives
    8. Financial Statement Frauds to Obtain Undue Benefits
  7. Chapter 3 : Siphoning off Company’s Funds
    1. Generating Funds for Siphoning
    2. Shell and Front Companies
    3. Providing Advances
    4. Creation of Trusts and Foundations
    5. Statutory Auditors
  8. Chapter 4 : Capital Market Frauds (1/2)
  9. Chapter 4 : Capital Market Frauds (2/2)
  10. Chapter 5 : Abuses in Related Party Transactions
    1. Relationships in Related Party Transactions
    2. Unrecovered Loans
    3. Arm’s Length Principle
    4. Avoiding Disclosure
  11. Chapter 6 : Frauds by Companies Running Pyramidal Schemes
    1. The Pyramidal Scheme
    2. Impact of Pyramidal Schemes
    3. Range and Magnitude of the Problem
    4. Regulatory Gaps
  12. Chapter 7 : Frauds by Companies Running Collective Investment Schemes (1/2)
  13. Chapter 7 : Frauds by Companies Running Collective Investment Schemes (2/2)
  14. Chapter 8 : Unauthorized and Fraudulent Mobilization of Public Deposits by Companies
    1. Modus Operandi of Fraudulent Mobilization of Public Deposits
    2. Fraudulent Mobilization in the Guise of Receiving ‘Advances’
    3. Fraudulent Mobilization of Deposits in the Guise of Providing Goods or Services
    4. Fraudulent Mobilization of Deposits in the Guise of Preference Shares
    5. Pyramidal Marketing
    6. Use of the Internet
  15. Chapter 9 : Frauds by Promoters and/or Management of Non-banking Finance Companies (1/2)
  16. Chapter 9 : Frauds by Promoters and/or Management of Non-banking Finance Companies (2/2)
  17. Chapter 10 : Companies as a Tool for Money Laundering
    1. Main Tools of Money Laundering
    2. Shell Companies and Mainstream Companies
    3. Lifting the Corporate Veil
  18. Chapter 11 : Companies Act 1956 and Fraud Risk Management
  19. Chapter 12 : Regulatory Mechanism and Corporate Frauds (1/2)
  20. Chapter 12 : Regulatory Mechanism and Corporate Frauds (2/2)
  21. Companies Act 1956—Synopsis (1/4)
  22. Companies Act 1956—Synopsis (2/4)
  23. Companies Act 1956—Synopsis (3/4)
  24. Companies Act 1956—Synopsis (4/4)
  25. Companies Act 2013—Synopsis (1/6)
  26. Companies Act 2013—Synopsis (2/6)
  27. Companies Act 2013—Synopsis (3/6)
  28. Companies Act 2013—Synopsis (4/6)
  29. Companies Act 2013—Synopsis (5/6)
  30. Companies Act 2013—Synopsis (6/6)
  31. Provisions of Companies Act 1956 Relevant to Fraud Risk Management (1/2)
  32. Provisions of Companies Act 1956 Relevant to Fraud Risk Management (2/2)
  33. New Provisions in the Companies Act 2013 Relevant to Fraud Risk Management (1/5)
  34. New Provisions in the Companies Act 2013 Relevant to Fraud Risk Management (2/5)
  35. New Provisions in the Companies Act 2013 Relevant to Fraud Risk Management (3/5)
  36. New Provisions in the Companies Act 2013 Relevant to Fraud Risk Management (4/5)
  37. New Provisions in the Companies Act 2013 Relevant to Fraud Risk Management (5/5)
  38. Securities and Exchange Board of India Act—Synopsis (1/3)
  39. Securities and Exchange Board of India Act—Synopsis (2/3)
  40. Securities and Exchange Board of India Act—Synopsis (3/3)

Product information

  • Title: Corporate Governance & Fraud Risk Management
  • Author(s): Balwinder Singh
  • Release date: January 2014
  • Publisher(s): Pearson Education India
  • ISBN: 9789332540866