Even as corporate India is on a growth trajectory, they have to be more aware of increasing fraud. According to a report released by Deloitte India, corporate fraud will likely to rise in the next two years.
Around 58 percent of the respondents who participated in the third edition of the Deloitte Corporate Fraud Perception Survey believed that incidents of fraud will increase over the next two years.
To discuss the current state of corporate fraud, the approach to prevention and the state of regulation, CNBC-TV18 caught up with Nikhil Bedi, partner and leader for forensic financial advisory at Deloitte India.
"In the previous two editions, about 70-80 percent of the respondents said that frauds were going to rise. Currently, only 58 percent have said that frauds will rise, said Nikhil Bedi, partner and leader for forensic financial advisory, Deloitte India.
The key theme of this survey is that participants are saying that they have a better ability to manage and respond to frauds, Bedi said.