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Red Flags - Accounts

Red Flags - Accounts (29/12/2017)

Accounts is a key function for every company as it systematically records and helps monitoring the funds of a company.  A sound control system in accounts assists detection of possible malpractice such as embezzlement of cash, fraudulent claims of reimbursement, etc. which may result in financial loss and increase the operational costs of a company. 
The Portal has newly uploaded some red flags in accounts.  These are warning signs which by themselves may not constitute cases of fraud or corruption but indicate an area where management oversight is required to safeguard against fraud and corruption.  Please click here to view the details.