Fraud Prevention in Capital Markets

Publication Summary

The ICAI publication explores actionable strategies to prevent fraud within Indian capital markets. Authored jointly by the Committee on Financial Markets and Investors' Protection and the Digital Accounting and Assurance Board, the study analyzes recent SEBI enforcement orders to identify recurring patterns of financial misconduct. It consolidates these findings into an early-warning signal framework, categorizing market violations into distinct typologies. Ultimately, the report provides a practical, prevention-focused guide for regulators, boards, auditors, and investors to proactively detect and mitigate irregularities before they escalate.