ACCOUNTING AND FINANCIAL FRAUDS!!! NEED FOR IFRS!!!

India is growing in all terms, like strong economy, great infrastructure, top businessmen, more number of Indians in Forbes richest people list, technology, education, strong media etc. - all on the positive side and when we look further then surfaces the worrying part and with it comes big scams, big embezzlement, big corruption, etc. With the increasing number of frauds taking place, not only in the Indian Corporate world but also at the International corporate level, it becomes a necessity to ponder on the various aspects of such frauds and take measures to avoid and expose such frauds.