November 5, 2015

New Stringent Corporate Laws in India make CFOs, Auditors Quit Companies

Under the new regulations around corporate governance, company secretaries, CFOs, auditors and independent directors risk landing in jail for irregularities and few such executives are willing to continue with such organisations. The new Companies Act and Internal Financial Controls (IFC) have made it tough for not just those found in connivance with the promoter in a fraud but even for those senior executives turning a blind eye to the issue. The new Companies Act and Internal Financial Controls (IFC) have made it tough for not just those found in connivance with the promoter in a fraud but even for those senior executives turning a blind eye to the issue.

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