Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Articles Article Faculty Publications -Articles Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource True and fair financial reporting: A tool for better corporate governance Subject The topic of the resource Accounting; Auditing; Auditors liability; Corporate governance; Directors reports; India; Investor protection; Legislation; United Kingdom Description An account of the resource Purpose - Transparency of financial information promotes corporate growth. The purpose of this paper is to concentrate on the need for strengthening the law governing true and fair corporate accounting. The first part of the paper concentrates on nexus between the importance of transparency in accounting embodied under the provisions of the Companies Act in India and in the UK. Second, the paper focuses on the board of director's duty to prevent corporate fraud through proper financial reporting. Design/methodology/approach - The methodology for this study is analytical. Comparative study of the law governing accounting provisions in India and UK is also looked into. Findings - The law governing financial transparancy envisaged under the Companies Act in India makes it obligatory on the part of the companies to disclose the material information relevant to the investors. However, the directors of the company often show an unreal picture of the financial position of the company, so as to retain the existing shareholders and to attract more investors. This can be avoided if the composition of audit committees in the companies includes a few representatives of shareholders who are competent to asses the true and fair view of the company accounts prepared by the auditors. Research limitations/implications - The focus of this research paper is mainly on the legal regimes and the accounting and auditing provisions of India and the UK. Originality/value - The paper shows that the Companies Act in India should strengthen the accounting provisions and it should mandate the compulsory observance of accounting standards. Emerald Group Publishing Limited. Creator An entity primarily responsible for making the resource Pallisserry F. Source A related resource from which the described resource is derived Journal of Financial Crime, Vol-19, No. 4, pp. 332-342. Date A point or period of time associated with an event in the lifecycle of the resource 2012-01-01 Identifier An unambiguous reference to the resource within a given context <a href="https://doi.org/10.1108/13590791211266331" target="_blank" rel="noreferrer noopener">https://doi.org/10.1108/13590791211266331</a> <br /><br /><a href="https://www.scopus.com/inward/record.uri?eid=2-s2.0-84867053070&amp;doi=10.1108%2F13590791211266331&amp;partnerID=40&amp;md5=ab8a902a4ec5bf9d565e09a59a5e7c54" target="_blank" rel="noreferrer noopener">https://www.scopus.com/inward/record.uri?eid=2-s2.0-84867053070&amp;doi=10.1108%2f13590791211266331&amp;partnerID=40&amp;md5=ab8a902a4ec5bf9d565e09a59a5e7c54</a> Rights Information about rights held in and over the resource Restricted Access Relation A related resource ISSN: 17587239 Format The file format, physical medium, or dimensions of the resource Online Language A language of the resource English Type The nature or genre of the resource Article Coverage The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant Pallisserry F., School of Law, Christ University, Bangalore, India