In this month’s podcast, we will focus on the role of ethics and governance at Companies in India. Ongoing issues of fraudulent financial reporting, bribery & corruption at India Inc. highlights the need for a comprehensive framework of ethics and governance that goes beyond mere compliance and form over substance issues that plague India. Inc.   We will discuss how companies can build an ethical and governance framework, the role of the Board, management and employees in such framework with Professor Vasanthi Srinivasan

In this month’s podcast, we will focus on the role of ethics and governance at Companies in India. Ongoing issues of fraudulent financial reporting, bribery & corruption at India Inc. highlights the need for a comprehensive framework of ethics and governance that goes beyond mere compliance and form over substance issues that plague India. Inc.   We will discuss how companies can build an ethical and governance framework, the role of the Board, management and employees in such framework with Professor Vasanthi Srinivasan

ecent events in the banking sector has raised significant concerns about the quality of governance at banks in India. Good Governance in the banking sector (whether it is public sector banks, private banks or cooperative banks) does not exist despite distinguished and experienced members of the Board of Directors. Is there any bank with good governance in India? Why are banks in India plagued with missteps in governance including poor asset quality and accounting fraud? Why aren’t the Board members asking the difficult, tough questions on governance? We delve into these and more in our podcast today with Mr. Hemindra Hazari, a SEBI registered independent research analyst with over 30 years’ experience in the Indian capital markets especially in banking, macro-economy and corporate financial analysis.

The audit profession is vital to maintain integrity of financial statements and governance. Yet, today, there are several audit failures in India and regulatory oversight and enforcement of bad audits is at an all-time high. Expectation of stakeholders from the audit profession is increasing and yet, being an auditor is not the top choice for youth of India. In today’s podcast, we discuss how audit has evolved over time, restoring integrity in the audit profession and the future of the audit profession in India especially with the advent of AI, GenAI and its derivatives.

Fraud is never a good thing, particularly when it goes undetected. However,  once fraud is detected, can fraud allow organisations to improve controls, lower costs and make organizational changes? In other words, can some good come out of fraud? In today’s podcast, we will discuss good fraud v bad fraud and how organisations can turn bad to good and derive value from a negative scenario. Our speaker today is Jonny Frank, partner at Stoneturn in New York.

In our conversation with CA. (Dr.) Durgesh Pandey, we discuss the most challenging forensic investigations, common mistakes while conducting forensic investigations, ethical considerations and the future of forensic accounting. 

Transparency and trust are the cornerstone of any business. We have all heard this famous quote by Warren Buffet, the legendary investor and owner of Berkshire Hathway “It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.” Unfortunately, well established companies or new age startups pay little or no attention to safeguarding their reputation. In this month’s podcast, we will discuss the impact of fraud on the reputation and brand of a company. Our speaker today is Ms. Nirupama Kaushik. Ms. Kaushik leads the Qualitative research and Innovation practice globally at Brandscapes worldwide, a global brand consulting firm

In my conversation with ACFE President John Gill, we discussed the most common anti-fraud controls and their effectiveness based on the ACFE’s Report to the Nations 2024. Listen in and see whether your organization has implemented such anti-fraud controls and their effectiveness!

“An ounce of prevention is worth a pound of cure.”  This old adage is especially relevant when it comes to fraud and there is no better way to fight fraud than to prevent frauds from occurring in the first place. Effective anti-fraud controls, reviewed and tested periodically are proven to prevent and deter fraud. In our podcast, we will discuss fraud prevention techniques based on the findings from the Report to the Nation 2024 published by the Association of Certified Fraud Examiners or ACFE. Our speaker today is John Gill, President of the ACFE

Over the past decade, India has become one of the leading hubs for entrepreneurs and today, there are over 1,00,000 startups and more than 100 unicorns. However, in recent times, cases of corporate mis-governance have cast a black mark on the startup ecosystem.  In our inaugural podcast, we will discuss corporate governance or should I say, misgovernance at startups in India. Our speaker today is Mr. Mysore Prasanna, an Independent Director and former general Counsel of the Aditya Birla Group.

Char Sau Bees or 420 aims to combat fraud in India. This monthly podcast will cover fraud case studies, fraud risks, governance challenges and best practices to prevent, detect, investigate and remediate fraud in India.