Wolters Kluwer launches book on Methods of Audit and Fraud Investigation

By: | Updated: December 5, 2015 11:48 AM

Wolters Kluwer, a global information services company, recently launched Chetan Dalal's book 'Novel and Conventional Methods of Audit and Fraud Investigation'.

Wolters Kluwer, a global information services company, recently launched Chetan Dalal’s book ‘Novel and Conventional Methods of Audit and Fraud Investigation’.

Dalal, a chartered accountant and certified fraud examiner is one of India’s best known forensic auditors and this work is the second in a three-part series that he has authored on this subject. Wolters Kluwer is well known among tax, finance and healthcare professionals around the world for its pioneering software & information service products.

The book, published by Wolters Kluwer India and Bombay Chartered Accountant’s Society was launched by Padma Shri T N Manoharan in the presence of other eminent dignitaries like Mr.Ashok Barat, MD & CEO, Forbes and Co. Limited and Mr. Raman Jokhakar, President of Bombay Chartered Accountant’s Society at Crossword, Mumbai.

The book not only offers an insightful and descriptive account of the types of frauds and accounting irregularities that prevail in corporate India, but also provides a combination of novel and conventional audit approaches to unearth such instances. The objective is to provide a comprehensive guide to auditors and others entrusted with the task of investigating, uncovering and dealing with the aftermath of white collar crime.

Commenting on the launch of the book, Shireesh Sahai, CEO – India, Wolters Kluwer said, “A recent study indicated that corporate fraud in India has increased by over 45 percent in the last two years, which makes this book a timely intervention. This book by Chetan will be useful not just for auditors, management and investigators, but for anyone who is in finance and operations at a decision-making level. It provides insights into some of the most advanced approaches and techniques in a simple manner. We are certain that the response for this book will be as impactful as the preceding part in the series.”

According to Ms. Naina Lal Kidwai, Chairman, India Director, HSBC Asia Pacific, “Prevailing company law in India has made the smallest of frauds a nightmare for the Board of Directors, top management, accountants and auditors of companies to detect much less prevent. It is thus important to have the knowledge and insights into the reasons why people commit fraud, identify the early warning bells, understand and study the profiles of wrongdoers, and take necessary steps in conducting focused investigations.”

She further added, “The best part about the book is that it provides simple forensic tests that a professional can use even if he/she doesn’t have complete technical command of the subject. Chetan Dalal and his team have compiled a very useful reference guide.”

“The book addresses the expectations of multiple stakeholders – business managers, accountants, legal and accounting professional firms, law enforcement agencies, owner managers, risk underwriters, students and researchers” said Mr. Ashok Barat, Managing Director and Chief Executive Officer, Forbes & Company Limited, who has also served as the President, Bombay Chamber of Commerce and Industry.

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