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Dear Course Hero I have downloaded the case with regards to Ricoh India Limited, and I am keen to understand the following additional questions: Is

Dear Course Hero

I have downloaded the case with regards to Ricoh India Limited, and I am keen to understand the following additional questions:

  1. Is there an indication of Fund's Diversion? What does that mean, and how can I know if there is a Fund's diversion, and what will be the mechanism to detect such behavior?
  2. Using the case, explain the fraud triangle theory using Ricoh India as an example. Is there a way to understand whether any management is practicing a continuous fraud by reading the financials?
  3. A company that claimed to adhere to corporate governance standards and high ethical conduct had admitted to having falsified its accounting records. Does this admission mean that ethics breaches extended beyond books and throughout the company?

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