Audit fardulant words

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

14 November 2010 Audit fraudulent words

Expert Sirs,

Please respond to the following with justification. (1)Can any body tell me ....what is the Window dressing , Teeming & Lading in nature of Fraud in auditing? An amount was realized from the Banker by cheque clearance. This c

Ca Aashish Upadhyay

Ca Aashish Upadhyay (Expert)
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14 November 2010 Window Dressing means showing the good picture of financial statements by manipulating the figures of financial statements. Banks generally at the end of the years transfer the un-utilized amount of CC limit to current account to show the High Assets and High Deposits.

Teaming and Lading means performing fraud by involving one or more internal employees of the concern. In T&L fraud can not be deducted easily.