Hi......Frnds.I have to go for General Insurance Audit.I would like to know how frauds can be done while preparing BRS and and how can we find such frauds.If any 1 hav idea pls share.Thanks in advance.....
3 Replies
Pawan Mittal
(CA Final)
(711 Points)
Replied 08 March 2013
In case of insurance companies most frauds are found in claims. So you should verify that the payment of claims are made to genuine persons.
The liability of the insurance company was actually arose to pay the claim or the policy holder just produced fraudulent proofs and facts.
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