A STUDY OF MUTUAL FUND ACCOUNTING IN PERSPECTIVE OF BUILDING NATION

Mutual Fund is a fund establishment in the form of a trust to raise money through the sale of units to the public or a section of the public under one or more schemes for investing in securities, including money market instrument. The investors want to know about the present and past performance of the selected mutual funds. This information must be supported by certi?ed documents. The system of accounting for Mutual Fund is different from conventional system of accounting which is followed in industrial sectors. Hence, only proper accounting for mutual funds can show the real picture of risk and return of a speci?c mutual fund. An investor may compare accounting information relating to a mutual fund with its benchmark return. He can do the comparison with con?dence on the basis of audited report of a particular fund. Moreover proper system of mutual fund accounting leads the fund manager to minimize cost

RECOGNIZING THE INDICATORS OF FRAUDS BY TRACING THE ELEMENTS OF FRAUD TRIANGLE AND ITS DETERRENCE

The present paper endeavors to throw light on the factors that stimulates an individual to commit fraud in the light of the fraud triangle theory. Based on the existing theories and literature, an attempt has been made to recognize the red-?ags of fraud risk related to an individual's behavioral approach. The paper further suggests that of the other elements, a check on the Opportunity vertex of the triangle can control the intensity of the fraud. It also highlights the applicability of SAS-99 and COSO framework for deterring fraud constituents from the system