Effective dispute resolution and fraud risk management: Bridging the gap between vision and reality

Grant Thornton in India and Nishith Desai Associates cordially invite you to attend a round table to discuss fraud risk management and effective dispute resolution techniques.

The act of fraud poses a tremendous threat to the very existence of organisations today. Fraudulent acts triggering monetary losses, reputational damage and in extreme instances causing organisations to crumble are commonplace. There has been an increased complexity in fraudulent acts seen and magnitude of their impact. This, combined with heightened regulatory pressure, has brought fraud risk management to centrestage. Organisations are relooking at their anti-fraud programmes to ensure that they meet the desired criteria and that preventive measures are in place.

In dispute situations, parties increasingly prefer to bypass the traditional, overburdened courts in favour of alternative dispute resolution methods. This is done in the interest of time, costs and most importantly, efficacious outcomes. With the advent of the recent amendments to the Arbitration & Conciliation Act, 1996, dispute resolution in India has evolved. Owing to the complex mesh of laws and regulations and their associated regulatory and legal challenges coupled with an ever-growing need for transparency and accountability, Indian organisations recognise the need to adopt effective controls and dispute resolution strategies.