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Corporate Governance & Fraud Risk Management
book

Corporate Governance & Fraud Risk Management

by Balwinder Singh
January 2014
Intermediate to advanced content levelIntermediate to advanced
92 pages
3h 17m
English
Pearson Education India
Content preview from Corporate Governance & Fraud Risk Management
16 | Chapter 2
had calculated the investment at market value,
which was not as per the accounting standards.
The investigation further revealed that actually
the revaluation was done at much higher value
than even the market value.
Inating Turnover
The main method followed for fraudulently inat-
ing the turnover is to create a large number of front
companies, and show bogus purchases and sales in
relation to these companies without any real busi-
ness transactions. The front companies are created
either by promoters themselves or by some of
their associates who charge certain commission for
showing these bogus entries. There are also profes-
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Publisher Resources

ISBN: 9789332540866