ETHICAL ANALYSIS OF CORPORATE FRAUDS
As many prominent firms continue to be tarnished by a slew of scandals and frauds, business ethics is critical. Corporate fraud results in the loss of a company's market capitalization and brand image. They are disturbingly common in a variety of countries and sectors of the economy. Corporate fraud has a long and tumultuous history in India. For decades, ethics has been a grey area in Indian corporations. As competition has become stronger over time, organizational structures have been increasingly fragmented, resulting in a lack of internal control within organizations. As a result, the number of large and small corporate frauds has increased. To combat this threat, early detection is becoming increasingly vital. According to a PWC survey, internal controls, internal and external audits, compliance programs, and a code of ethics have all been implemented to combat fraud. In India, corporate fraud has increased dramatically in the past few years, and firms, strangely, believe it i...