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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
22 | Chapter 3
imports, especially huge capital purchases per-
taining to plant and machinery. Major frauds have
surfaced where old machinery had been import-
ed. As for the booking of fake expenditure, the
services of accommodation entry operators and
shell companies are extensively used, as discussed
previously.
Thousands of professional accommodation en-
try operators are well-entrenched in every area of
business activity. These persons provide ‘entries’
(fake bills) either from their own front companies
or through their associates on payment of a cer-
tain commission which normally ranges between
.05% to 1% depending upon the volume and na-
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Publisher Resources

ISBN: 9789332540866