Such audits are being used more and more in insolvency and corporate fraud cases, but are not subject to any legally binding audit standards in India. Given how high the stakes are, this regulatory gap needs to be tackled right away. For the full story, visit the source.
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Forensic audits support corporate-fraud probes and IBC cases but still lack enforceable standards
Such audits are being used more and more in insolvency and corporate fraud cases, but are not subject to any legally binding audit standards in India. Given how high the stakes are, this regulatory gap needs to be tackled right away.
By G.N.Bajpai, Praveen Tiwari· Livemint· 7 days ago· 2 min read
This summary is sourced from Livemint. Read the full article at:Livemint