https://www.taxtmi.com/news?id=21363 Increase in reported frauds reflects detection and year-of-reporting methodology rather than contemporaneous occurrence. The Government has required fraud scrutiny of large NPA accounts, advised banks to obtain intelligence reports on borrowers whose accounts turn NPA, and encouraged prosecution of wilful defaulters. An independent regulator for audit standards has been established, new legislation addresses economic offenders abroad, and banks are advised to secure identity documentation of key company persons and rotate staff in sensitive posts. en-us Wed, 05 Jun 2019 10:38:36 +0530 Wed, 05 Jun 2019 10:38:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21363 Increase in reported frauds reflects detection and year-of-reporting methodology rather than contemporaneous occurrence. The Government has required fraud scrutiny of large NPA accounts, advised banks to obtain intelligence reports on borrowers whose accounts turn NPA, and encouraged prosecution of wilful defaulters. An independent regulator for audit standards has been established, new legislation addresses economic offenders abroad, and banks are advised to secure identity documentation of key company persons and rotate staff in sensitive posts. News - Wed, 05 Jun 2019 10:38:36 +0530 https://www.taxtmi.com/news?id=21363