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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
Financial Statement Frauds | 17
Financial Statement Frauds to
Retain Controlling Stake
The second main objective of committing nan-
cial statement frauds by the management is to re-
tain controlling stake over the company. There are
cases in which promoters deviate from accounting
standards to not only over-project prots in order
to lure investors and lenders, but to also retain con-
trolling stake over the company after an IPO.
In one case pertaining to a television content
production company, it was seen that when this
private limited company decided to go public,
before the issue of IPO the company changed
their accounting policy. For 7–8 ...
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Publisher Resources

ISBN: 9789332540866