Certificate Course On Detecting And Preventing Internal And External Fraud – Session 2


Date and Time:

August 25, 2020 11:00 AM - 12:30 PM

Event Location:

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The vulnerability and the confusion created by novel Coronavirus serves as a perfect medium and opportunity for the fraudsters. Organizations of various kinds, sizes, location & industries that were not ready to work remotely are increasingly threatened by fraud during the pandemic and resulting in the deteriorating security & safely standards. Thus Achromic Point Academy has brought a Certificate Course on Detecting & Preventing Internal & External Fraud starting from 24th August 2020 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 organisation, large or small to have a fraud prevention plan in place.



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)
  • The growing threat of cyber-crime (hacking/ information theft, system sabotage, viruses, etc.)
  • Q&A and Interactive Discussion
  • 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.)
  • Counterfeiting and piracy (Graphic samples of red flags)
  • Internet/cyber-fraud
·         Internal Fraud:
  • Embezzlement (General definition; case studies)
  • Procure-to-Pay fraud (Procurement — Receiving—Accounts Payable Cycle)
  • Financial reporting fraud


Thought Leader:
  • Alok Saraswat
         Head – Fraud Control Unit
         Max Bupa Health Insurance Company Limited 
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