Download or read book Taxmann s Forensic Audit Decoded Unlocking the Secrets of Financial Accounting Investigation September 2020 Edition written by G.C. Pipara and published by Taxmann Publications Private Limited. This book was released on 2020-09-07 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on a ‘detailed-commentary’ and ‘step-by-step approach’ for the Forensic Audit of Financial Transactions. It also deals with each and every aspect of Forensic Audit of various items of statement of Profit & Loss and Balance Sheet. The Present Publication is the Latest Edition & is updated with all amendments and legal position up to July 2020, authored by G.C. Pipara. Understanding the Forensic Audit is not complete, without actual Case Analysis and this book includes analysis of actual company cases relating to Forensic Audit, where either fraud or misrepresentation of information is found. With the help of Case Analysis, how to achieve the maximum objective of Forensic Audit, has been explained in a lucid language with step by step approach. Each part of this book deals with the different segments of the forensic audit and each part has been devised carefully, keeping in mind – ‘Maximum Result’ and with an objective that the real purpose of Forensic Audit is served. This book deals with – • Misstatement of information in financial statement, • Incorrect details in financial statement, • Diversion of funds by an entity, • Siphoning of Funds by an entity, • Fraud in some of the transactions undertaken by the entity, • Fraud in books of accounts and other records, • Fraud in the balance sheet – one which is even audited, • Fraud by the auditor in helping the organization to accomplish its intention etc. The structure of the Book is as follows: • Part One Deals with the introduction of forensic audit and looks into the past, present and future of forensic audit. This part is presented to establish the foundation of the book. • Part Two Deals with important transactions pertaining to purchases of goods, sales and other major expenditures - which forms part of the statement of profit & loss account. Provisions and contingent liabilities are often used by an entity to cook the books of account and therefore, a separate chapter is presented on this issue. • Part Three The various items contained in the balance sheet, are a major part of the activities of any entity and therefore, is a major part of any forensic audit also. Therefore, in this part of the book, the following important activities of an entity’s are covered: 𝚘 Fixed (Hard) Assets – hard to spot 𝚘 Intangible Assets and Goodwill – neither visible nor real 𝚘 Capital Work In Progress (CWIP), Stock In Progress (SIP) and Stock – not seeing the light of day 𝚘 Piling Stock and Mounting Debtors – an evergreen technique for every-greening 𝚘 Investments – without objectives like a traveller without a destination 𝚘 Loans and Advances given – gone with the wind 𝚘 Equity and Shareholders – invisible ownership • Part Four Apart from specific activities of an entity, as covered in part two and three, there are some transactions that are special. These are considered as “Key Metrics” for the purpose of forensic audit and thus, covered in this part of the book, which includes:- 𝚘 Absence of confirmation of balances 𝚘 Off-balance sheet transactions 𝚘 Round-tripping etc. It is also common in forensic audit that full records are not made available to the auditors and thus, a separate chapter on “Dog ate my Accounts” is presented. • Part Five For explaining the concept of forensic audit properly, a new Structure has been invented by the author - termed as “T-3 Structure” wherein: 𝚘 T-1 : Test 𝚘 T-2 : Trace and 𝚘 T-3 : Track With the help of a concept called “Look Forward – Look Backward” on T-3 Structure, how the successful forensic audit can be carried out is explained in a separate chapter, under the head “Look Forward – Look Backward”. • Part Six Lastly, it is found that in various cases of fraud and misrepresentation of details in the financial statement, the Statutory Auditor were found to be the helping hand. As in forensic audit - responsibility has to be fixed and thereafter, a separate part itself for the role played by the statutory auditor - “Where were the Auditor’s - strange but true”.

Download or read book Taxmann s Balance Sheet Decoded Systematic Approach to Analysing Financial Statements by Connecting Details Observations Discussions Extensive Usage of Charts Case Analysis Other Tools written by Gyan B Pipara and published by Taxmann Publications Private Limited. This book was released on 2024-06-12 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book aims to explain how to read, analyse, and interlink the voluminous information available in financial statements using charts, case analysis, and other tools. It provides an in-depth, step-by-step approach to understanding and decoding financial statements. The book is structured around five keys, each focusing on different components of financial statements. • Key #1 – Statement of Profit & Loss o Covers Sales, Other Income, Cost of Materials Consumed, Manufacturing and Operating Costs, Finance Costs, Depreciation and Amortisation, Tax Expenses, Other Expenses, and Exceptional Items • Key #2 – Balance Sheet o Details Tangible and Intangible Fixed Assets, Investments, Loans & Advances, Other Assets, Inventories, Trade Receivables, Cash and Bank Balances, Shareholder's Funds, Provisions, Contingent Liabilities, Borrowings, Trade Payables, and Other Liabilities • Key #3 – Connecting Statements o Examines Significant Accounting Policies, Notes on Accounts, and Cash Flow Statements • Key #4 – Auditor's Report and CARO o Discusses the Concept of Audit, Internal Financial Controls, Auditor's Opinion, Emphasis of Matters, and the Companies Auditor's Report Order (CARO) • Key #5 – Master Key o Integrates the Profit & Loss Statement, Balance Sheet, Notes on Accounts, Auditor's Report, and CARO Report for comprehensive financial statement analysis This book extensively deals with the following issues & suggests how they can be mitigated through proper analysis of financial statements: • Mounting Bad Loans – Analyses the alarming rise in non-performing assets (NPAs) in Indian public sector banks and the impact of stress tests conducted by the Reserve Bank of India (RBI) • Bank Frauds – Explores the root causes of bank frauds and provides strategies to mitigate these risks • Liquidity Crunch – Discusses the liquidity issues faced by various financial sectors and their effects on investment returns • Regulatory Insights – Guides regulators on using financial statements to ensure compliance and assess financial health This book will be helpful to anyone analysing based on financial statements, including but not limited to: • Bankers – Enhance skills in loan appraisal and monitoring through detailed financial statement analysis • CFOs – Understand the balance between business transactions and necessary disclosures • Auditors – Identify and counteract accounting tricks to ensure fair financial reporting • Analysts and Researchers – Conduct thorough financial statement studies to detect misleading practices • Investors and Stakeholders – Evaluate the genuineness of financial data for informed investment decisions • Regulators – Use financial information for regulatory assessments and ensure compliance The Present Publication is the 4th Reprint Edition authored by Gyan B. Pipara, with the following noteworthy features: • [Reading Between the Lines of Financial Statements] Correlating relevant information using the author's 40+ years of experience with proper analysis. • [Honing Analytical Skills] Provides methods to dissect financial statements with precision. • [Unlocking Mysteries & Tricks] Explains how to analyse details and detect undisclosed information. • [Focused Analysis] Helps identify strengths, early warning signs, frauds, creative accounting, and the genuineness of various items. • [Professional Oriented Book] This book has been developed keeping in mind the following factors: o Interaction of the author during his training with various banks and organisations on credit and analysis of the financial statement o Shaped by the authors' experience of 40+ years being a chartered accountant, research analyst and fraud investigator o Reactions and responses of attendees during the training have also been incorporated at different places in the book • [New Chapter on CARO 2020] has been considered in detail under Key #4 – The Companies Auditor's Report Order The structure of the book is as follows: • What is it? o Explains the nature of the item for more accessible analysis • Do You Know? o Highlights important legal requirements under the Companies Act, Indian Accounting Standards, or other laws • Why is it Important? o Discusses the relevance of the item for financial statement analysis • How to Analyse to Unlock? o Provides a step-by-step approach for item analysis • Case Analysis o Uses real-life examples to illustrate key points and explain issues • Bottom Line o Summarise the key insights of the chapter The detailed contents of the book are as follows: • Statement of Profit & Loss o Revenue from Operations § This chapter discusses the revenue generated from core business operations, providing insights into how businesses earn from their primary activities. It includes detailed charts that illustrate revenue trends and performance metrics. § Case studies offer real-world examples of how companies manage and report operational revenues, highlighting best practices and common challenges. o Other Income § This chapter covers the income derived from secondary sources such as interest, dividends, and other non-operating income. This section thoroughly analyses various types of other income, how they are generated, and their impact on overall financial performance. § Charts help visualise the contribution of other income to the total income, while case studies demonstrate the accounting treatment and strategic importance of such income. o Cost of Materials Consumed and Purchases of Traded Goods § This chapter focuses on the costs associated with raw materials and traded goods. This section explains the direct costs that impact the cost of goods sold and, consequently, the business's profitability. § Charts and diagrams illustrate cost structures and trends, while case studies provide insights into effective cost management strategies. o Manufacturing and Operating Cost § This chapter explores the costs involved in the manufacturing process and other operational expenses. Detailed explanations cover labour costs, overheads, and other operational expenditures. § Charts help understand these costs' distribution, and case studies show real-life examples of cost optimisation and control measures. o Finance Cost § This chapter discusses the cost of financing the operations, including interest expenses on loans and borrowings. This section provides insights into different types of finance costs, their calculation, and their impact on financial health. § Charts illustrate interest rate trends and financing structures, while case studies highlight the strategic decisions related to financing. o Depreciation § This chapter provides a detailed look at depreciation, explaining how assets lose value over time and its impact on financial statements. This section covers various methods of depreciation, their application, and implications for financial reporting. § Charts show depreciation schedules and case studies illustrate the practical application of different depreciation methods. o Tax Expense § This chapter covers the calculation and reporting of tax expenses, which is essential for compliance and financial planning. This section explains different types of taxes, tax liabilities, and their treatment in financial statements. § Charts and graphs help visualise tax expenses, and case studies provide tax planning and management examples. o Other Expenses § This chapter examines miscellaneous expenses not classified elsewhere, offering insights into effectively managing and reporting these costs. This section provides a comprehensive overview of other expenses, their nature, and their impact on financial statements. Charts help categorise these expenses, and practical examples illustrate their management. o Exceptional Items, Extraordinary Items, and Prior Period Items § This chapter discusses unusual or non-recurring items that can significantly impact financial results. This section explains the identification, accounting treatment, and disclosure of exceptional, extraordinary, and prior period items. § Case studies highlight real-life scenarios where these items have been critical in financial reporting. • Balance Sheet o Property, Plant and Equipment – Tangible § This chapter focuses on tangible fixed assets, their valuation, and depreciation. This section explains how tangible assets are recorded, valued, and depreciated over time. Charts illustrate asset valuation and depreciation schedules, while case studies provide practical asset management and accounting examples. o Fixed Assets – Intangible § This chapter covers intangible assets such as patents and trademarks, valuation, and amortisation. This section explains the unique characteristics of intangible assets, how they are accounted for, and their impact on financial statements. § Case studies illustrate real-world scenarios of managing and valuing intangible assets. o Investments § This chapter examines different types of investments, their valuation, and their impact on financial health. This section thoroughly analyses investment types, their accounting treatment, and strategic importance. § Charts and graphs help visualise investment portfolios, and case studies demonstrate the practical application of investment management principles. o Loans & Advances § This chapter discusses loans and advances provided by the company, their accounting treatment, and implications for financial statements. This section covers various types of loans and advances, their terms, and their financial impact. § Charts illustrate loan structures and repayment schedules, while case studies provide insights into the effective management of loans and advances. o Other Assets § This chapter covers other assets not classified under specific headings, explaining their valuation and reporting. This section provides a comprehensive overview of miscellaneous assets, their nature, and impact on financial statements. § Charts help categorise these assets, and practical examples illustrate their management. o Inventories and Trade Receivables § This chapter focuses on inventory management and trade receivables, which are essential for understanding working capital management. This section explains the accounting treatment of inventories and trade receivables, their valuation, and their impact on liquidity. § Charts and graphs illustrate inventory levels and receivables ageing, while case studies provide practical insights into effectively managing these critical assets. o Cash, Cash Equivalent, and Bank Balances § This chapter discusses managing and reporting cash, cash equivalents, and bank balances. This section covers various aspects of cash management, including cash flow, liquidity, and financial stability. § Charts help visualise cash flow patterns, and case studies demonstrate best practices in cash management. o Advances Recoverable in Cash or Kind or for Value to be Received § This chapter covers advances recoverable in cash or kind, explaining their accounting treatment and implications for financial statements. This section provides detailed explanations of different types of advances, their valuation, and recovery processes. § Case studies illustrate practical examples of managing and reporting advances. o Shareholders' Funds or Net Worth or Capital § This chapter examines the components of shareholders' equity, including capital stock, retained earnings, and reserves. This section provides insights into the calculation and reporting of net worth, highlighting its importance for financial stability and investor confidence. § Charts and graphs illustrate changes in equity, while case studies provide real-world examples of managing shareholders' funds. o Provisions & Contingent Liabilities § This chapter discusses recognising, measuring, and reporting provisions and contingent liabilities. This section explains various types of provisions, their accounting treatment, and their impact on financial statements. § Charts and graphs help visualise provisions and contingencies, while case studies provide practical examples of managing these critical financial elements. o Borrowings § This chapter covers different types of borrowings, their terms, and accounting treatment. This section provides a comprehensive overview of debt management, including long-term and short-term borrowings. § Charts illustrate borrowing structures and repayment schedules, while case studies highlight the strategic decisions related to financing. o Trade Payable and Other Liabilities § This chapter examines trade payables and other liabilities, their recognition, and reporting. This section provides insights into the management of payables and liabilities, which are crucial for maintaining financial stability and liquidity. § Charts and graphs help visualise payables ageing, and practical examples illustrate effective management of trade payables and liabilities. • Connecting Statement o Significant Accounting Policies § This chapter covers companies' key accounting policies, explaining their impact on financial statements. This section explains various accounting policies, their rationale, and implications for financial reporting. § Charts help illustrate the application of different policies, and case studies provide practical examples. o Notes on Accounts § This chapter discusses the notes to accounts, providing additional information and disclosures related to financial statements. This section explains the importance of notes, their content, and how they enhance the understanding of financial statements. § Case studies illustrate the practical application of notes and their significance for stakeholders. o Cash Flow and Statement § This chapter focuses on the cash flow statement, explaining its preparation and analysis. This section provides detailed explanations of cash flow categories, their importance, and how to interpret cash flow statements. § Charts and graphs help visualise cash flows, while case studies provide practical examples of cash flow management. • Concept of Audit and Auditor's Report and CARO Report o Understanding the Concept of Audit § This chapter provides an overview of the audit process, its objectives, and its significance. This section explains the different types of audits, their scope, and how they contribute to financial transparency and accountability. § Practical examples and case studies illustrate the audit process and its impact on financial reporting. o Report on Internal Financial Controls § This chapter discusses the evaluation of internal financial controls, their importance, and reporting. This section provides insights into the internal control framework, its assessment, and implications for financial statements. § Charts and graphs help visualise internal control structures, and case studies highlight best practices in internal control management. o Analysis of Auditor's Opinion § This chapter examines the auditor's opinion, types, and significance. This section explains the different types of audit opinions, their implications, and how they affect stakeholder perceptions. § Charts and graphs illustrate audit opinion trends, while case studies provide practical examples of the impact of different audit opinions. o Analysis of Emphasis of Matters/Note § This chapter discusses the emphasis of matters and notes included in audit reports, explaining their importance and implications. This section provides detailed explanations of different types of emphasis and their impact on financial statements. § Practical examples illustrate the significance of emphasis on matters in audit reports. o Companies Auditor's Report Order (CARO) § This chapter provides an overview of the Companies Auditor's Report Order (CARO), its requirements, and its significance. This section explains the key provisions of CARO, their implications, and how they enhance the audit process. § Practical examples illustrate the application of CARO in audit reports. o Control over Resources § This chapter examines the control over resources, their importance, and their management. This section provides insights into resource management, internal controls, and their impact on financial performance. § Charts and graphs help visualise resource management strategies, and case studies provide practical examples of effective resource control. o Related Party Transactions § This chapter discusses related party transactions, their identification, and reporting. This section explains the importance of transparency in related party transactions, their accounting treatment, and their impact on financial statements. § Practical examples illustrate the management and disclosure of related party transactions. o Legal Compliance § This chapter covers the importance of legal compliance in financial reporting, explaining key regulatory requirements and their implications. This section provides insights into compliance management, reporting, and its impact on financial statements. § Practical examples illustrate best practices in legal compliance. o Non-Banking Finance Companies (NBFC) § This chapter overviews Non-Banking Finance Companies (NBFC), operations, and regulatory requirements. This section explains the key characteristics of NBFCs, financial reporting, and compliance obligations. § Practical examples illustrate the management and reporting of NBFCs. o Statutory Dues § This chapter discusses the recognition, measurement, and reporting of statutory dues. This section explains various types of statutory dues, their accounting treatment, and their impact on financial statements. § Charts and graphs help visualise statutory dues, while case studies provide practical examples of managing and reporting statutory obligations. o Financial Health of the Company § This chapter examines the indicators of financial health, including profitability, liquidity, and solvency. This section provides insights into analysing financial health, key metrics, and their interpretation. § Charts and graphs illustrate financial health indicators, while practical examples provide real-world insights into assessing and improving financial health. o End Use of Funds § This chapter discusses the importance of monitoring and reporting the end use of funds. This section explains the key aspects of fund utilisation, its impact on financial performance, and compliance requirements. § Practical examples illustrate best practices in managing and reporting the end use of funds. o Frauds and Unrecorded Transactions § This chapter covers identifying, preventing, and reporting fraud and unrecorded transactions. This section provides insights into fraud risk management, detection techniques, and their impact on financial statements. § Charts and graphs help visualise fraud risk, while case studies provide practical examples of managing and reporting fraud. o Resignation of Statutory Auditors § This chapter discusses the reasons, implications, and reporting of the resignation of statutory auditors. This section explains the impact of auditor resignation on financial reporting, stakeholder confidence, and regulatory compliance. § Practical examples illustrate the management and disclosure of auditor resignation. Master Key o How to Link 5 Keys to Decode Financial Statement § This chapter provides a comprehensive guide on linking the key concepts discussed in the book to decode and analyse financial statements. This section explains the interrelationships between financial statement components, their analysis, and interpretation. § Charts and graphs help visualise these connections, while practical examples provide step-by-step guidance on financial statement analysis.

Download or read book Fraud Auditing and Forensic Accounting written by Tommie W. Singleton and published by John Wiley & Sons. This book was released on 2010-09-07 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt: FRAUD AUDITING AND FORENSIC ACCOUNTING With the responsibility of detecting and preventing fraud falling heavily on the accounting profession, every accountant needs to recognize fraud and learn the tools and strategies necessary to catch it in time. Providing valuable information to those responsible for dealing with prevention and discovery of financial deception, Fraud Auditing and Forensic Accounting, Fourth Edition helps accountants develop an investigative eye toward both internal and external fraud and provides tips for coping with fraud when it is found to have occurred. Completely updated and revised, the new edition presents: Brand-new chapters devoted to fraud response as well as to the physiological aspects of the fraudster A closer look at how forensic accountants get their job done More about Computer-Assisted Audit Tools (CAATs) and digital forensics Technological aspects of fraud auditing and forensic accounting Extended discussion on fraud schemes Case studies demonstrating industry-tested methods for dealing with fraud, all drawn from a wide variety of actual incidents Inside this book, you will find step-by-step keys to fraud investigation and the most current methods for dealing with financial fraud within your organization. Written by recognized experts in the field of white-collar crime, this Fourth Edition provides you, whether you are a beginning forensic accountant or an experienced investigator, with industry-tested methods for detecting, investigating, and preventing financial schemes.

Download or read book Resolving Tax Related Fraud and Malfeasance with Forensic Audit written by Newman Enyioko and published by GRIN Verlag. This book was released on 2020-03-10 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research Paper (postgraduate) from the year 2020 in the subject Business economics - Accounting and Taxes, grade: 4.0, , course: Accounting, language: English, abstract: This work is a theoretical study on the application of forensic audit and investigation in resolving tax related fraud and malfeasance. The work aims to examine the application of forensic audit and investigation in combating fraudulent activities in corporate organization, to determine the characteristics required by forensic auditors as to combat fraudulent activities and to differentiate between forensic auditor and financial auditor. Based on the findings, this work concludes that forensic auditing has improved management accountability, strengthened external auditor’s independence and assisting audit committee members in carrying out their oversight function by providing them assurance on internal audit. Therefore, the study recommends that the service of forensic auditors should be employed in Nigerian organisations.

Download or read book A Guide to Forensic Accounting Investigation written by Thomas W. Golden and published by John Wiley & Sons. This book was released on 2006-05-05 with total page 578 pages. Available in PDF, EPUB and Kindle. Book excerpt: Today's demanding marketplace expects auditors to take responsibility for fraud detection, and this expectation is buoyed by such legislation as the Sarbanes-Oxley Act and the Auditing Standard (SAS99), which requires increased performance on the part of the auditor to find material financial statement fraud. Written by three of the best forensic accountants and auditors, Thomas W. Golden, Steven L. Skalak, and Mona M. Clayton, The Auditor's Guide to Forensic Accounting Investigation explores exactly what assurances auditors should provide and suggests alternatives to giving the capital markets more of what they are requiring-greater assurances that the financial statements they rely upon for investment decisions are free of material error, including fraud. It reveals the surprising complexity of fraud deterrence, detection, and investigation, and offers a step-by-step approach to understanding that complexity. From basic techniques to intricate tests and technologies, The Auditor's Guide to Forensic Accounting Investigation is a rich, multifaceted, and fascinating answer to the need for wiser, savvier, better-trained financial statement and internal auditors who are thoroughly familiar with fraud detection techniques and the intricate, demanding work of forensic accounting specialists.

Download or read book Financial Investigation and Forensic Accounting Third Edition written by George A. Manning, Ph.D, CFE, EA and published by CRC Press. This book was released on 2010-12-01 with total page 792 pages. Available in PDF, EPUB and Kindle. Book excerpt: As economic crimes continue to increase, accountants and law enforcement personnel must be vigilant in expanding their knowledge of ways to detect these clandestine operations. Written by a retired IRS agent with more than twenty years of experience, Financial Investigation and Forensic Accounting, Third Edition offers a complete examination of the current methods and legal considerations involved in the detection and prosecution of economic crimes. Explores a range of crimes Following an overview of the economic cost of crime, the book examines different types of offenses with a financial element, ranging from arson to tax evasion. It explores offshore activities and the means criminals use to hide their ill-gotten gains. The author provides a thorough review of evidentiary rules as well as the protocol involved in search warrants. He examines the two modalities used to prove financial crime: the Net Worth Method and the Expenditure Theory, and presents an example scenario based on real-life incidents. Organized crime and consumer fraud Additional topics include organized crime and money laundering — with profiles of the most nefarious cartels — consumer and business fraud and the different schemes that befall the unwary, computer crimes, and issues surrounding banking and finance. The book also presents focused and concrete advice on trial preparation and specific accounting and audit techniques. New chapters in the third edition New material enhances this third edition, including new chapters on investigative interview analysis and document examination, as well as advice for fraud examiners working on private cases, including the preparation of an engagement letter. For a successful prosecution, it is essential to recognize financial crime at its early stages. This practical text presents the nuts and bolts of fraud examination and forensic accounting, enabling investigators to stay ahead of an area that is increasingly taking on global importance.

Download or read book Financial Investigation and Forensic Accounting written by George A Manning, PhD and published by CRC Press. This book was released on 2004-12 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Forensic Accounting written by Greg Shields and published by . This book was released on 2020-01-03 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial officers, auditors, police officers and other detectives all rely on forensic accountants. You may wonder, what type of person becomes a forensic accountant? This book will detail not only what it takes to be one, but also how to be good at it.

Download or read book The Internal Auditing Handbook written by K. H. Spencer Pickett and published by John Wiley & Sons. This book was released on 2010-09-07 with total page 1091 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first edition of The Internal Auditing Handbook received wide acclaim from readers and became established as one of the definitive publications on internal auditing. The second edition was released soon after to reflect the rapid progress of the internal audit profession. There have been a number of significant changes in the practice of internal auditing since publication of the second edition and this revised third edition reflects those changes. The third edition of The Internal Auditing Handbook retains all the detailed material that formed the basis of the second edition and has been updated to reflect the Institute of Internal Auditor’s (IIA) International Standards for the Professional Practice of Internal Auditing. Each chapter has a section on new developments to reflect changes that have occurred over the last few years. The key role of auditors in reviewing corporate governance and risk management is discussed in conjunction with the elevation of the status of the chief audit executive and heightened expectations from boards and audit committees. Another new feature is a series of multi-choice questions that have been developed and included at the end of each chapter. This edition of The Internal Auditing Handbook will prove to be an indispensable reference for both new and experienced auditors, as well as business managers, members of audit committees, control and compliance teams, and all those who may have an interest in promoting corporate governance.

Download or read book Taxmann s Stock Market Wisdom Lessons from a Lifetime in Capital Markets 2020 Edition written by T.S. Anantharaman and published by Taxmann Publications Private Limited. This book was released on 2020-12-05 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpts from the Preface: Q. How do you make a small fortune in the stock market? A. Start with a large one. A prime example of the Indian stock market’s potential is Infosys. If you subscribed to 100 shares of Infosys at its 1993 IPO at a price of INR 95 per share, you would own 1,02,400 shares of the company today. At an average price of INR 700 per share, that investment would now be worth over INR 7 Crores! Introduction: Taxmann’s Stock Market Wisdom highlights the great potential of the stock market while guiding investors to invest wisely and how to avoid its pitfalls. It is an attempt to assist investors to understand the following: • How the market system operates? • How one should invest money in it? • How one can generate wealth through it over the long term. The author has also explained how the markets have evolved, what their present stage is, where they’re headed, and, of course, how you can benefit, with the help of multiple case studies. • Featuring the following case-studies: 𝚘 India’s Top 25 Years Return Chart 𝚘 World stock exchange performance 𝚘 The Roller Coaster Journey of the SENSEX from 100 to 41,000 𝚘 Amazing story of Reliance Industries – The first Indian company to enter the 10 Trillion Market Cap Club 𝚘 Avenue Supermarts Ltd. – The company that defies gravity Reviewed by Motilal Oswal (Managing Director) | Motilal Oswal Financial Services Ltd. “For any new investor who is starting his journey in stock markets, or even an old investor who has not been yet able to decode investment success for himself, this is a fine book to start or restart the journey, as the case may be.” “The basics of investing and trading have been explained in a very lucid and simple manner and the complete spectrum of investing has been covered from history of the stock markets, the working of the stock markets, the basic of fundamental analysis, basics of technical analysis, concepts dividends, bonus, splits, buy backs, etc.” “Most importantly, a large part of this book is about behaviour analysis and how it impacts the investor returns in this fascinating journey of stock market investing.” Contents of the book are as follows: • Why should you invest in the Indian stock markets? • Evolution of the stock market in India • Market and Interest Behaviour • Right number of stocks in your portfolio • Invest in winners, do not chase losers • Buy it, Hold it, Forget it strategy • Low PE vs. High PE, which one should you buy? • Small vs. Large companies • Benefit from Beaten Down Stocks • Impact of current events on the stock price • Pricing power • Life expectancy of companies • Dividend decisions • Bonus shares, share split and right shares • Buyback of shares • Mutual funds and their relevance • Value investing • Investing in growth shares • Lessons in wealth creation from Warren Buffett • Trading vs. Investment • Sensible investments – practical points • Key to multi-bagger returns • Basics of fundamental analysis • Basics of technical analysis

Download or read book Forensic Investigations and Fraud Reporting in India written by Sandeep Baldava and published by Bloomsbury Publishing. This book was released on 2022-01-31 with total page 600 pages. Available in PDF, EPUB and Kindle. Book excerpt: About the book Frauds and economic crime rates remain at a record high, impacting more and more companies in diverse ways than ever before. The only way to reduce the impact of such frauds is to get a detailed understanding of the subject and adopt preventive measures instead of reactive measures. Fraud reporting is one of the most important themes in the current corporate governance scenario. Considering the importance of this area, various regulators have come out with reporting requirements in the recent past with an aim to ensure adequate and timely reporting of frauds. In this context, understanding of the roles and responsibilities of various stakeholders is pertinent. This book is an attempt by authors to provide a comprehensive publication on the two specialised areas – 'Forensic Investigations' and 'Fraud reporting'. The book addresses two key corporate governance requirements top on the agenda of regulators, enforcement agencies, boards and audit committees: 1. Rules, roles and responsibilities of key stakeholders towards: · Reporting of frauds under governance regulations in India · Prevention, detection and investigation of frauds 2. Practical approach for conducting forensic investigations in India Practical tips, case studies and expert insights: In addition to covering a gist of the topic with relevant provisions, and authors' viewpoint, key chapters also include relevant seasoned expert's take on the topic based on their vast practical experience. Each expert has more than three decades of experience including the last two decades in leadership roles. The idea was to present a practitioner's perspective based on practical experience in their role as an independent director or CEO or CFO, etc. More than 100 case studies are presented in the book to explain different concepts and learnings from various frauds discovered and investigated in India over the last two decades. Few of the Questions addressed in the book: · Is there a requirement to report all frauds to the regulators? · Who is responsible for reporting? · What is the role of audit committee, CEO, CFO, CHRO, internal/external auditors in prevention, detection, investigation and reporting of frauds? · Can an organization ignore anonymous complaints? · Can one access data from personal devices of employees during an investigation? · How can one use forensic interviews as an effective tool to establish fraud? · Is WhatsApp chat accepted as an evidence? · Once fraud is established what are the next steps an organisation is expected to initiate? · What is the difference between an audit and an investigation? · How the approach to forensic investigations has evolved over the last two decades in India? · Can we blindly rely on technology to prevent and detect frauds? · Evolving methods for prediction, prevention and detection of frauds?

Download or read book Group Privacy written by Linnet Taylor and published by Springer. This book was released on 2016-12-28 with total page 237 pages. Available in PDF, EPUB and Kindle. Book excerpt: The goal of the book is to present the latest research on the new challenges of data technologies. It will offer an overview of the social, ethical and legal problems posed by group profiling, big data and predictive analysis and of the different approaches and methods that can be used to address them. In doing so, it will help the reader to gain a better grasp of the ethical and legal conundrums posed by group profiling. The volume first maps the current and emerging uses of new data technologies and clarifies the promises and dangers of group profiling in real life situations. It then balances this with an analysis of how far the current legal paradigm grants group rights to privacy and data protection, and discusses possible routes to addressing these problems. Finally, an afterword gathers the conclusions reached by the different authors and discuss future perspectives on regulating new data technologies.

Download or read book The Future of Financial Regulation written by Iain G MacNeil and published by Bloomsbury Publishing. This book was released on 2010-03-12 with total page 484 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Future of Financial Regulation is an edited collection of papers presented at a major conference at the University of Glasgow in spring 2009, co-sponsored by the Economic and Social Research Council World Economy and Finance Programme and the the Australian Research Council Governance Research Network. It draws together a variety of different perspectives on the international financial crisis which began in August 2007 and later turned into a more widespread economic crisis following the collapse of Lehman Brothers in the autumn of 2008. Spring 2009 was in many respects the nadir since valuations in financial markets had reached their low point and crisis management rather than regulatory reform was the main focus of attention. The conference and book were deliberately framed as an attempt to re-focus attention from the former to the latter. The first part of the book focuses on the context of the crisis, discussing the general characteristics of financial crises and the specific influences that were at work this time round. The second part focuses more specifically on regulatory techniques and practices implicated in the crisis, noting in particular an over-reliance on the capacity of regulators and financial institutions to manage risk and on the capacity of markets to self-correct. The third part focuses on the role of governance and ethics in the crisis and in particular the need for a common ethical framework to underpin governance practices and to provide greater clarity in the design of accountability mechanisms. The final part focuses on the trajectory of regulatory reform, noting the considerable potential for change as a result of the role of the state in the rescue and recuperation of the financial system and stressing the need for fundamental re-appraisal of business and regulatory models.

Download or read book A Guide to Forensic Accounting Investigation written by Steven L. Skalak and published by John Wiley & Sons. This book was released on 2015-12-28 with total page 648 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent catastrophic business failures have caused some to rethinkthe value of the audit, with many demanding that auditors take moreresponsibility for fraud detection. This book provides forensicaccounting specialists?experts in uncovering fraud?with newcoverage on the latest PCAOB Auditing Standards, the ForeignCorrupt Practices Act, options fraud, as well as fraud in China andits implications. Auditors are equipped with the necessarypractical aids, case examples, and skills for identifyingsituations that call for extended fraud detection procedures.

Download or read book Combating Fiscal Fraud and Empowering Regulators written by Brigitte Unger and published by Oxford University Press. This book was released on 2021 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is an open access title available under the terms of a CC BY-NC-ND 4.0 International licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. Combating Fiscal Fraud and Empowering Regulators analyzes the impact of new international tax regulations on the scope and scale of tax evasion, tax avoidance, and money laundering. These are analyzed through an ecosystem framework in which, similar to a natural ecosystem, new tax regulations appear as heavy shocks to the tax ecosystem, to which the 'species' such as countries, corporations, and tax experts will react by looking for new loopholes and niches of survival. By analyzing the impact of tax reforms from different perspectives--a legal, political science, accounting, and economic one--one may derive an assessment of the reforms and policy recommendations for an improved international tax system. The ultimate goal is to combat fiscal fraud and empower regulators, in that line, this volume is intended for a broad audience that seeks to know more about the latest state of the art in the realm of taxation from a multidisciplinary perspective. The money involved amounts to billions in unpaid taxes that could be better used for stopping hunger, guaranteeing education, and safeguarding biodiversity, hence making this world a better one. Regulators can see this book as a guiding light of what has happened in the past forty years, and how the world has and will continue to change as a result of it. Combating Fiscal Fraud and Empowering Regulators is also a warning about new emerging tax loopholes, such as freeports or golden passports and visas, where residency can be bought in tax havens, even within the European Union. The main message is that inequality can and has to be reduced substantially and that this can be achieved through a well-working international tax system that eliminates secrecy, opaqueness, and tax havens.

Download or read book Corporate Communication written by Joep Cornelissen and published by SAGE. This book was released on 2011-03-17 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Third Edition of this market-leading text has been updated and expanded with contemporary case material and more detailed coverage of the main topics and trends in corporate communication. New to the Third Edition: - New chapters on strategic planning and campaign management, research and measurement and CSR and community relations - Greatly expanded coverage of key areas: internal communication, leadership and change Communication, issues management, crisis communication and corporate branding - Other topics to receive new coverage include: public affairs, social media, internal branding and issues of globalization. - New and up-to-date international case studies, including new full-length case studies and vignettes included throughout the chapters. - Further reading and new questions-for-reflection will provide the reader with a means to challenge and further their understanding of each of the topics in the book. - Online teaching material for lecturers and students including: instructors manual, PowerPoint slides and new international case studies of varied length, SAGE Online journal readings, videos, online glossary and web links Praise for the Second Edition: "This is a must-have reference book for Chief Executives, Finance Directors, Corporate Communicators and Non-executive Directors in this "involve me" era of stakeholder engagement and corporate communications. How I wish I had had this book on my desk as a Chief Reputation Officer!" - Mary Jo Jacobi, Former Chief Reputation Officer of HSBC Holdings, Lehman Brothers and Royal Dutch Shell 'This is a comprehensive and scholarly analysis of corporate communications. It will offer students and practitioners alike a considerable aid to study and understanding which will stand the test of time in a fast changing business' - Ian Wright, Corporate Relations Director, Diageo

Download or read book Taxmann s Guide to Indian Accounting Standards Ind AS Based on IFRS Official Pronouncements Set of 2 Volumes 5th Edition August 2020 written by Taxmann and published by Taxmann Publications Private Limited. This book was released on 2020-08-29 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: