Despite a growing realisation that technology would be key to future fraud risk management efforts, less than 5 per cent respondents indicated investing in anti-fraud technologies in the past six months.
For most law firms the impact had been on two fronts. Some of the clients had put certain work on hold, and secondly many companies had requested delayed payments. The impact, say industry trackers was more pronounced for the mid-tier firms.
Shardul Amarchand Mangaldas & Co (SAM & Co), J Sagar Associates, Samvad Partners, Touchstone Partners, MDP & Partners and IndusLaw LLP are among the law firms that are looking to expand their litigation firepower by way of hiring more lawyers.
Sources at DGGI and Central Goods and Service Tax Commissionerates said five more GST invoice fraudsters were arrested on the eighth day of the drive. This includes a Chennai-based woman and three chartered accountants—two from Hyderabad and one from Ludhiana.
Denmark's Carlsberg A/S has been locked in a commercial dispute with its joint venture partner in India, Nepal-based Khetan Group, amid an internal probe into the brewer's local practices that sparked a boardroom battle and concerns from its auditor.
The KPMG CEO, who was also part of the Obama administration (2014), in an interview with ET’s Sachin Dave said that the policy makers should focus on building healthcare, education, urban assets and digital connectivity in the next few years.
Last week, Sebi made it mandatory for listed companies to disclose details of forensic audits immediately after initiation. Once the audit is finished companies are also required to disclose the comments of management on these reports.
The new venture, launched on the International Day for Eradication of Poverty, which is observed on October 17 every year, also aims to support eradication of poverty from India by 2040 through its various projects, a release said.
From investors to investment bankers and lawyers, known jet-setters who often use their travel stories to break the ice or bring warmth to chilling negotiations, are now working from home to stitch deals, without any meeting in person. Something unthinkable even just until February.