Top auditors divided on their responsibility to detect Gensol-type frauds; ICAI yet to order probe
- Posted on April 19, 2025
- By Financial Express
- 1 Views
Top auditors divided on their responsibility to detect Gensol-type frauds; ICAI yet to order probe
Top auditors differ on whether Gensol fraud signals audit failure, as SEBI orders forensic audit. ICAI yet to begin probe. Experts highlight gaps in fund use checks, RPT scrutiny, and call for stricter auditing standards like ISA 600 for better fraud detection.
)