EY announces Forensic Outlook for 2016

December 16, 2015 0 comments

NEW DELHI, INDIA: EY Fraud Investigation & Dispute Services (FIDS) has announced top fraud and corruption trends for 2016.

India has witnessed a host of transformational efforts toward economic growth and improved investor confidence ­during the past year. While the general sentiment remains buoyant, corporate India cannot ignore the looming threat of risks around non-compliance, fraud and corruption which lies ahead. In line with this, EY Fraud Investigation & Dispute Services has outlined the key trends that corporates in India should be cognizant of in 2016 to mitigate risks and chart a holistic growth roadmap.

Arpinder Singh, Partner and National Leader, Fraud Investigation & Dispute Services said, “The issues emerging due to an evolving risk landscape are a serious cause for concern for corporate India. Companies are now beginning to witness the reality of these threats; the imminent need for enhanced internal controls and compliance to safeguard their business. With the impact directly affecting their financial position, we believe proactivity in addressing these threats will be essential to plug any loopholes.”

Some of the key trends identified are:

  • Overcoming concerns in the banking and financial services sector
  • Bribery and corruption will continue to be challenging
  • Cybercrime will spare no one!
  • Liberating legal eagles through eDiscovery and Managed Document Review
  • Commercial disputes will see an uptick

A dramatic rise in geopolitical instability and persistent cyber-attacks are pushing organizations to be more vigilant about planning to guard against, and respond to, internal and external threat actors.

 

 

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