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Deloitte India Forensic Publications
India Banking Fraud Survey, Edition IV
Dealing with risks associated with fraud is on no bank’s wish list, but it is a fact – frauds are on the rise and will continue to rise, especially within the current business environment. While there is no doubt that banks are making investments to enhance their fraud risk management framework, monitoring systems and controls, however it appears that these efforts have not been sufficient.
Corporate fraud and misconduct: Role of independent directors
The growing focus on ethics and corporate governance within organizations has increased the importance of the role of an ID in being an effective deterrent to fraud, mismanagement and lapses in corporate governance.
India Corporate Fraud Perception Survey, Edition IV
The survey indicates the leadership perceptions around fraud in the context of a disruptive business environment.
Anti-money laundering preparedness survey report
The survey findings outline several key challenges faced by banks and certain leading practices to support their compliance efforts.
Deloitte India Survey on the effectiveness of corporate whistleblowing mechanisms
The survey findings indicate three areas of development that corporates can consider in order to increase stakeholder confidence in the whistleblowing mechanisms implemented by the company.
Beyond governance - Why promoter-led businesses need to address fraud, misconduct, and noncompliance?
Promoter driven or family-owned companies (“PDC”) have been the key contributors of growth for India in the last decade. At a time when multinationals across the world have suffered losses and business closures, a large proportion of PDCs in India have thrived.
Building trust in the vendor risk management ecosystem
Organisations’ procurement cycles are prone to fraud. Nearly a third of the respondents of the Deloitte India Corporate Fraud Perception Survey (Edition III, 2018), believe that procurement remains the most vulnerable to fraud risks. These risks, if not managed well, can have a disastrous impact on organisations’ reputation and financials.
Survey report tackling inefficiencies, mismanagement and fraud in the developmental sector
The role of multilateral and bilateral international organisations, not-for-profit organisations (NPO’s), and large foundations in India have expanded over the last decade. India is uniquely positioned, having created a regulatory regime to monitor private sector participation in India’s development landscape by introducing Corporate Social Responsibility (CSR) compliance norms in the Companies Act, 2013.
Effectively managing and resolving disputes in the construction sector
On the World Bank’s Ease of Doing Business Index, India’s improved ranking of 77 in 2018 (up from 100 in 2017 in a group of 190 countries) conceals one of the biggest pain points for international investors. However, the ‘ability to enforce contracts’ remains one of the biggest issues, wherein the country continues to exhibit dismal performance. This can be a significant hurdle for certain sectors, such as infrastructure, real estate, and construction, which see a large number of disputes. These sectors account for the largest proportion of the commercial disputes in the country. In this document, we share some insights on challenges faced in managing commercial disputes in the construction industry.
India Corporate Fraud Perception Survey 2018
Responses to the third edition of our survey indicate that organisations appear confident of tackling fraud and are making the necessary investments to deploy effective fraud risk mitigation strategies.
Improving compliance with Sexual Harassment prevention guidelines
The rising levels of sexual harassment reported at the workplace, despite prevalence of laws to deter such acts, point towards the urgent need for better communication as a vital component in creating a zero tolerance culture for sexual harassment. We present five considerations that can help organizations better explain their POSH philosophy and strive towards compliance in “spirit” with the POSH Act, rather than just in “form”.
Forensic insights on the Personal Data Protection Bill, 2018
The Personal Data Protection Bill, 2018 showcases India’s growing concern for data privacy. While the objective of the Bill is broadly to protect the autonomy of individuals by safeguarding their personal data and giving them the power to allow or deny use of their personal information, it may have certain implications for organizations from the context of fraud risk management/ investigations.
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