The Institute of Chartered Accountants of India (ICAI) has teamed up with the Securities and Exchange Board of India (SEBI) to combat corporate frauds, Press Trust of India (PTI) has reported.
The partnership aims to enhance efforts to detect and prevent financial misconduct in the country’s capital markets.
ICAI will support SEBI by drafting a research document focused on identifying and addressing financial fraud.
This report will provide insights and strategies to help the market regulator combat various fraudulent activities in the financial sector, according to the news agency.
ICAI president Charanjot Singh Nanda explained that a dedicated working group would be formed to collaborate with SEBI.
This group will deliberate on the specific issues to be covered in the initiative and help finalise the measures to counter financial fraud.
Nanda was quoted by the news agency…
