Authors : Jayadev M, Abhinav Anand, Aishwarya Krishna , Srijith Mohanan

The IBBI’s latest press release outlines key reforms to enhance the integrity, efficiency, and transparency of the insolvency process in India. It introduces a revised code of conduct for insolvency professionals, strengthens monitoring and disciplinary mechanisms, mandates continuous professional development, and standardizes fee disclosures and procedural timelines. These measures aim to improve stakeholder trust, reduce delays, and align practices with global standards. Notably, IIM Bangalore has contributed to the development of these reforms, reflecting a strong collaboration between academia and regulatory institutions
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Authors : Anand, Abhinav and Dutta, Souvik and Mukherjee, Prithwiraj
Year : 2022
Abstract
We model a revenue sharing contract between a sharing economy platform and a freelance service provider, where the latter hides revenue from the former by canceling some assignments and performing them for cash (\platform exploitation"). The platform counters this via costly, imperfect audits with endogenous success probability, and a variable payment. We show that at equilibrium, all agent types except the highest, indulge in revenue falsification. This problem is exacerbated by the principal's ability to extract restitution from the agent.
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Authors : Kushwaha, Narendra Nath and Anand, Abhinav and Jayadev, M and Raghunandan, Kannan Raghunandan
Year : 2022
Abstract
We examine the effect of related party transactions (RPTs) on audit fees in Indian public companies. RPTs can be used to manipulate financial statements as well as transfer wealth between firms and their related parties, and the presence of RPTs increases audit risk. We find that related party sales are associated with 17.4 percent increase in audit fees, indicating that such transactions increase the audit risk and require significant additional audit effort.
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