ICAI denies conducting joint survey on corporate frauds

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New Delhi, Sep 24 (UNI) The Institute of Chartered Accountants of India (ICAI) today described as ''factually incorrect'' the reports which said the ICAI had conducted a survey on ''Early Warning Signals of Corporate Frauds'' in collaboration with a Pune-based agency.

Denying reports in this context, ICAI President Ved Jain said the Institute had sought further details from Pune's concerned organisation -- Indiaforensic Consultancy Services.

It said ICAI, which was seized of the matter, would investigate and consequently take appropriate action.


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