Role of Auditing in Preventing Corporate Fraud

Author(s)	Vishvambhara Sharma
Country	India
Abstract	In light of India's current legislative and corporate governance framework, this article explores the critical role auditing plays in combating corporate fraud. The paper emphasizes the importance of auditing in guaranteeing accuracy, transparency, and compliance in financial reporting, starting with the conceptual underpinnings of auditing as an independent verification method. The article describes the Comptroller and Auditor General's (CAG) constitutional mandate under Articles 148–151 of the Indian Constitution as well as important clauses from the Companies Act, 2013, which together provide the legal foundation for audit supervision. It also examines how auditing improves internal controls, finds financial anomalies, encourages accountability, and serves as a powerful disincentive to unethical behavior.
Published In	Volume 7, Issue 6, November-December 2025
Published On	2025-12-26
DOI	https://doi.org/10.36948/ijfmr.2025.v07i06.63575

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