FRAUDS. AT all levels/institutions.Thanks IBA>COM

Fraud – Forging the signature / Stamp of Chartered Accountants by borrower

IBA has submitted a request to The Institute of Chartered Accountants of India seeking a foolproof procedure for verification of attestations on financial statements submitted by borrowers, at the level of bank branches, which is simple and easy to administer

Bloggers view ; THE mOVE is long awaited and in time. If the proposed step succeeds,it will go a
long away to arrest the frauds in the initial stages,by the Banks and financial institutions.