accounting frauds

Accounting fraud is one of the worst types of fraud in the business world. The increasing number of financial fraud activities in India has become a serious area of concern. In a case of financial fraud, the financial statements of a company are manipulated badly, leaving the investors distressed. The frauds are committed with the motive to surpass the expectations of the stock market analysts. Another common reason is to qualify for credit. Typically, it has been found that people who execute frauds are accounts executives, auditors and directors of a company and they are naturally the beneficiaries of these frauds.