Nathrao
Insolvency N Gst Professional

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http://timesofindia.indiatimes.com/a...campaign=cppst
Gist of article.
HR Manager kept paying 2 employees who were never on rolls of the company.
The fact that fraud remained undetected for 7 years shows the weak internal check arrangements of the company.
If accounts had reconciled amount approved by the accounts manager and amount finally paid such issues would never come up.
Really cannot understand the laxity of accounts department in this matter.

This is a typical system and procedure failure of accounts department.
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