Bangabasi Morning College

A one day State Level seminar on “Corporate Frauds and Its Impacts on Indian Business Environment”, organized by Department of Commerce, Bangabasi Morning College in collaboration with Department of Commerce, University of Calcutta was held on 17 March, 2015. The seminar was sponsored by University Grants Commission, New Delhi.

The inauguration was done by Dr. Sandeep Sinha, Principal of Bangabasi Morning College, Mr. Ashok Deb President, Governing Body, Bangabasi Morning College and Prof. Swagata Sen, Professor of University of Calcutta and Dean of Faculty Councils for Post Graduate Studies in Commerce, Social Welfare & Business Management, University of Calcutta. The keynote address was delivered by Prof. Malayendu Saha, Professor, Department of Commerce, University of Calcutta and Vice Chairman of West Bengal State Council of Higher Education. Among the distinguished speakers we had Prof. Dhruba Ranjan Dandapat Professor, Department of Commerce, University of Calcutta and Chairman, U.G. Board of Studies in Commerce, University of Calcutta, Dr. Ananda Mohan Pal Professor, Department of Business Management University of Calcutta, Dr. Subhanil Chowdhury  Assistant Professor, Department of Economics  Institute of Development Studies Kolkata (IDSK),    Mr. Saubhik Sarkar, Manager, Deloitte Haskins & Sells, Dr. Ram Prahalad Chaudhary, Assistant Professor,  Department of  Commerce University of Calcutta. The paper presenters from different colleges across West Bengal have contributed by sharing their research experience.

 The objective of our seminar was to find strategies for fraud prevention, detection and response so that loss of public fund can be avoided and also to understand the role of different corporate frauds regulatory bodies and several anti fraud legislations undertaken. Besides the different regulatory bodies and investigating agencies, it came out from the discussion that auditors also have a role to play in prevention and detection of frauds. Through a thorough understanding of the key areas of risk, auditors could effectively plan their audit engagements focusing on the identified areas of risk which was highlighted in this seminar. It also attempted to assess the corporate frauds and its socio economic impact and to raise awareness of the common people (particularly the future generation e.g., students) in this respect. The seminar was successful in imparting knowledge about corporate frauds among the students and participants from different colleges and institutions.

List of Papers Presented in the Seminar