Tag: audit

For ease of doing business in India, investors look at the financial and legal background of the company. Last five-year financial status, record of all the court proceedings the company is involved in, past records of the key managerial people of the company and other related things is what people look before investing in a company. India is seeing a rise in the number of frauds, manipulation with the assets and financial record of the company, portraying a favorable picture of the company to the people which in relating is debt-ridden, etc. This made foreign as well as the local people to avoid any transactions with the alleged companies.