Certificate Course on Detecting and Preventing Internal and External Fraud


Date and Time:

October 11, 2023 2:00 PM - 5:00 PM

October 12, 2023 10:30 AM - 1:00 PM

Event Location:

Online, India

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Achromic Point presents a Certificate Course on Detecting and Preventing Internal and External Frauds on 11th & 12th October 2023 that will provide auditors, fraud examiners and other financial professionals with a strong foundation of practical knowledge about how common frauds are committed and why it is vital to an organization, large or small to have a fraud prevention plan in place.

Benefits of attending:- 

  • Understanding Whistle-blower hotlines: How to set them up and manage them
  • Fraud Risk Assessment and Recognizing the Red Flags of Internal Fraud
  • About the Investigation Techniques
  • How to establish an Anti- Fraud Culture

Who should attend:-

  • Fraud Examiner
  • Internal Auditors
  • Chief Risk Officers
  • Chief Audit Executives
  • External Auditors
  • CFOs
  • Internal Directors/Managers/ Supervisors/Auditors
  • Risk Managers
  • Assurance professionals
  • Risk & Governance professionals



11th October 2023
02.00 PM – 03.30 PM

Session 1: Fraud and Regulatory Landscape in India
• External versus Internal Fraud—short overview (Fraud Matrix) information security theft and fraud
• Who commits fraud — The Fraud Triangle (Graphic scenario of presence of all three components)
• Lessons from Fraudsters: (Examples of real-life frauds that can and do affect corporates

11th October 2023
03.30 PM – 05.00 PM

Session 2: Conducting a Fraud Risk Assessment and Recognizing the Red Flags of Internal Fraud
• External Fraud
 Vendor fraud (Case studies that show new ways vendor fraud can be committed)
 Fraud Risk Mitigation Cycle – Implementing a Company-Wide System for Detecting, Preventing and Investigating Fraud
 Financial reporting fraud (Unusually high revenues, odd patterns in receivables, etc.)
• Internal Fraud:
 Embezzlement (General definition; case studies)
 Procure-to-Pay fraud (Procurement — Receiving—Accounts Payable Cycle)
 Financial reporting fraud

12th October 2023
10.30 AM – 12.00 Noon

Session 3: Fraud Detection
• Role of Fraud Manager
• Whistle-blower hotlines: How to set them up and manage them (detailed discussion of do’s and don’ts). Detailed instruction on best practices and mistakes to avoid
o Other important fraud detection procedures:
 Surprise Internal Audit
 Regular internal audits, incorporating fraud audit testing
 Physical inspection of inventory
 Manual review of all vendors (to ensure absence of sham vendors)
o Establishing an Anti- Fraud Culture
 Use of AI in Fraud Detection
 New tool and technologies in Fraud Detection
 Benchmarking the effectiveness of your anti-financial crime policies and procedures
 Determining risk appetite for complex but legal structures
• Developing global collaborative efforts to mitigate risks of fraudulent activities and constraining reputational risks

12th October 2023
12.00 PM – 01.00 PM

Session 4: Investigation Techniques- Forensic Accounting Investigation – What it Is
• Different from Internal Audit/ When to Call in Forensic Accountant/Auditor
• Forensic accounting/auditing techniques: Data Mining and Analytics (most powerful forensic accounting investigative tool); ratio analysis;
• Gathering evidence – Document retention, chain of custody, preservation, mistakes to avoid
• Securing crime scene
• Interviewing/interrogating suspects – Detailed steps with examples
• Documenting findings

Thought Leaders:

  • Ajay Upadhyay
    Practice Head – Compliance & Investigation
    AZB & Partners
  • Ankush Lamba
    Managing Director, Data and Technology
  • Ankoosh Mehta
    Cyril Amarchand Mangaldas
  • Amit Rahane
    Partner, Forensic & Integrity Services
    Ernst & Young LLP
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