A B C D E F G H I J K L M N O P Q R S T U V W X Y Z All
Lokhandwala, Abbas
- Shifting Use of Auditing: Tool of Strategic Financial Management to Assure Consistency of Financial Solution
Authors
1 Department of Commerce, Poona College of Arts, Science & Commerce, Pune, IN
Source
We'Ken- International Journal of Basic and Applied Sciences, Vol 1, No 3 (2016), Pagination: 117-123Abstract
Development and performance of auditing required management and the control panel to insure consistency of financial solutions with established targets, achievement of goals as also the legal compliance. Yet, in spite all this, India loses billions of dollars to fraud each year. Since the peak body of auditors does not take the responsibility of fraud, there is need of a new milestone in the maturation of the auditing function called Forensic Auditing. This can assist an entity improve the bottom line without manipulating the financial statements. Preventive health checkup of finances to identify frauds is the demand of the hour. Forensic auditing principles carry the ability to demystify the financial uncertainties coming in the direction of organizations goals and aims, thereby making them a competitive edge over others.
The researcher will attempt to integrate views of listeners and employees on this topic. The aim of this paper is to give a new relevance to auditing by going beyond numbers and to build a transparent corporate culture by incorporating forensic accounting principles therein.
Keywords
Auditing Tool, Strategic Financial Management, Forensic, Accounting.References
- Sarbapriya Ray (2012). “Auditors' Role in Corporate Governance of India's Business Perspective”. Public Policy and Administration Research- Edition 2012
- Dan Stirbu et al. “Fraud and Error-Auditor's responsibility levels”.Annales Universitatis Apulensis Series Oeconomica, 11(1), 2009
- Owojori, A.A and T. O. Asaolu (2009). “The Role of Forensic Accounting in Solving the Vexed Problem of Corporate World”. European Journal of Scientific Research.
- PWC (2011). “Audit Today and Tomorrow”. PWC 2011
- KPMG – India fraud survey 2012
- Kamal Gupta (2005). “Contemporary Auditing”. 2005 Edition
- Corporate Financial Reporting – Theory and Practice – By Andrew Higson.
- http://www.oversightsystems.com/pdf/forensic _audit.pdf
- FDI in India:Opportunities and Issues for Financial Sector
Authors
1 Dr. Babasaheb Ambedkar Commerce & Maharshi V. R. Shinde Arts College, Nana Peth, Pune, IN
2 Department of Commerce, Poona College of Arts, Science & Commerce, Pune, MS, IN
Source
We'Ken- International Journal of Basic and Applied Sciences, Vol 1, No 4 (2016), Pagination: 190-193Abstract
This paper reviews the some of the various "Theories explaining financial sector FDI", Microeconomic framework, Importance and barriers to FDI and Diverse economic environment. We will also be discussing the Risk management challenges, dynamic foreign exchange rates and the opportunities of developing Retail marketing in India. From the review, of the financial management and Macroeconomic and risk diversification theories would seem particularly well-suited to explain this reality. The financial management importance helps the microeconomic framework to entitle the GDP with the FDI resources.Keywords
Financial Sector, FDI, GDP, Economics.References
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- “FDI policy in Multi Brand Retail” care research, Ministry of Commerce, Government of India.