ARE THE FINANCIAL STATEMENTS SHOWN BY THE COMPANIES ARE ACTUAL OR IS WINDOW DRESSING? The Indian economy has been a victim of rampant window dressing by corporates, which was done by the promoters/management and all others supported it knowingly, whether it be auditors, independent directors, rating agencies and others. It was systematic collusion that perpetrated the giant manipulation for years . WHAT IS WINDOW DRESSING? It means to deliberately manipulate the financial statements and reports in order to show a rosy picture of performance, profitability and financial position. It is the fudging of facts, to show a better or exaggerated performance/position and to show an improved and favourable financial position. SOME OF THE MAJOR EXAMPLES OF FRAUD UNDER WINDOW DRESSING ARE- Satyam scam Punjab Maharashtra Cooperative bank scam(PMC) Dewan Housing Finance limited scam(DHFL) THE MAJOR ONE THE INFRASTRUCTU...
Actually true sir
ReplyDeleteRightly said Facebook need to look over these issues.
ReplyDeleteYes of course Facebook should be look for these things
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