Scams can never be fully stopped'
Rel
January 19, 2009
Financial mismanagement is responsible for over 90 per cent of businesses across the world. In the wake of the Satyam [Get Quote]fiasco, Anil Lamba discusses how important it is for employees to be aware of good financial management practices.
"Finance is one of the most misunderstood subjects and there is tremendous amount of insecurity when it comes to appreciating and interpreting numbers," says Lamba.
Lamba is a practicing chartered accountant and founder-director of Lamcon School of Management, located at Pune. He has written a book on finance management, titled 'Figure out the world of Figures'. He teaches extensively and his clients include corporations across the globe.
"Scams can never be fully stopped. There will always be brilliant fraudsters who will find newer ways. The need is for utmost vigilance, diligence and honesty on the part of those who are entrusted with the job of regulation and auditing," he explains.
Lamba shares his views on the need for good financial management and how Ramalinga Raju's confession itself could be false and misleading, in an interview with Manu A B.
for interview questions and answer
see link
https://inhome.rediff.com/money/2009/jan/19satyam-scams-can-never-be-fully-stopped.htm
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