How can fraud be avoided in India?

Fraud can be avoided through the use of Audit and Attestation services. Most companies in India are required by law to have an Internal Audit department, which is given independence and which directly reports to the board of the company.
Another way to avoid fraud is to take the services from an accounting firm, for Agreed-Upon-Procedures (AUPs). In AUPs, pre-decided high-risk areas are audited.
The final option to avoid fraud is to conduct management audits and operations audits.