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Accountants should seize upon financial advice to add value

While mounting compliance hurdles have left swathes of accountants offering financial advice deterred, the space remains one where accountants can add value to their practice at a time of increased digitisation and automation, says one advisory group. ....

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Mumbai: CA duped of Rs 48,000 in e-KYC fraud | Mumbai News


MUMBAI: A chartered accountant from Powai was duped of Rs 48,000 by a cyber fraudster under the pretext of getting an online KYC done for his home wi-fi broadband service. The accountant told Powai police that the accused asked him to download an app, which gave him remote access to his phone, and he transferred Rs 24,000 through two transactions.
The CA’s son holds a savings account with a Ghatkopar bank and the family usually uses his debit/credit cards to make all online payments. On April 7, the family installed a home wi-fi service from a broadband service provider. A couple of weeks later, the router stopped functioning. But the family did not register a complaint with the service provider. ....

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