In an increasingly globalised world, where diverse stakeholders interact within and across borders, different levels of transparency in different systems pose a challenge to effective engagement especially in the economic sphere. India’s democratic polity, liberalising economy, its institutions, and increasingly conscious civil society are interacting to create a greater demand for transparency than ever before.
Good governance, transparency, integrity and accountability are the fundamental principles on which any society functions. India’s steady progress as a credible economic force in the region and internationally depends also on it transforming itself into a secure investment destination where its markets promote fair competition for domestic and international, small and big businesses without compromising the objectives of sustainable and inclusive growth.
This theme paper focuses on the current state of regulatory measures, challenges and the potential collaborative actions that may be taken by the industry with relevant stake-holders. For further details please view our report.
Organizations lose 5% of their revenues to fraud each year with potential global fraud loss projected at more than $3.5 trillion!
Association of Certified Fraud Examiners 2012 Report to the Nations