Business Standard

Thursday, February 06, 2025 | 05:59 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Corporate frauds likely to spike in post-Covid set-up, says survey

Over 62 per cent of independent directors indicated that they believe fraud will increase over the next two years

About 63 per cent of the independent directors are ready to be a part of the board even if they have previously experienced or reported fraud.
Premium

About 63 per cent of the independent directors are ready to be a part of the board even if they have previously experienced or reported fraud.

Ruchika Chitravanshi New Delhi
Largescale remote working arrangements and cash flow crunch, leading to business operations taking a priority over compliance during the pandemic, could lead to a rise in frauds, a survey on how independent directors perceive corporate fraud has found.
 
The survey conducted by Deloitte and institute of directors found that over 62 per cent of independent directors indicated that they believe fraud will increase over the next two years. A majority of independent directors indicated a lack of complete understanding of the existing fraud risk management framework and that they did not have comfort in the robustness of the currently

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in