Monthly Archives: March 2015

If you are happy ‘the hole is not at your end’

This is a story of a few people who went on a boat ride. When water started to seep in from the rear end of the boat, everyone thought it was not from a hole but water from outside. Then … Continue reading

Posted in Governance | Tagged | 1 Comment

Low-balling and Audit quality and it’s impact on Governance

“You get what you pay for” is a norm that business community understands. However, the business community lacks the understanding that they’ve got to pay for better quality audits. The business community has to accept that if Boards demand quality … Continue reading

Posted in Governance | Tagged , | Leave a comment

Corporate Frauds that should NOT go unpunished.

Without sounding like a prophet, frauds like; Inflating prices of land and other assets purchased, falsifying inventory, hiding of related party relationships/ transactions, fraudulent reclassification of expenses, misuse of debts collected and paying of kickbacks are all prevalent in many … Continue reading

Posted in Governance | Tagged | Leave a comment