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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
20 | Chapter 2
Financial Statement Frauds to
Obtain Undue Benets
While in most of the nancial statement frauds,
net worth and performance of the company is arti-
cially inated either to lure the investors, deposi-
tors and lenders or to retain controlling stake by
the majority share holders, the reverse of the same
modus operandi can also be used to articially sup-
press the net worth of the company. The objective
of articially suppressing the net worth of a com-
pany is to squeeze out the minority share holders
by paying them lesser compensation. In cases of
mergers and acquisitions, the management or con-
trolling share holders can get personally ...
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Publisher Resources

ISBN: 9789332540866