Sebi WTM Mohanty says CFOs should catch fraud early, not after the damage is done

The regulator claims many frauds had warning signs CFOs could stop

Sebi’s WTM Mohanty said many frauds could have been prevented if CFOs acted as the first line of control over management activities. Speaking at a CFO summit organised by FICCI, he argued that stronger oversight and earlier checks could have reduced wrongdoing, implying that accountability within firms should begin at the finance chief level.