Fraud Prevention

Fraud Prevention, Detection and Investigation Training Program


Date and Time:

July 20, 2022 10:00 AM - 4:30 PM

Event Location:

Online, India

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Achromic Point has brought a Fraud Prevention, Detection and Investigation Training Program on 20th July 2022 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 the fraud and forensic schemes and controls
  • 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

Thought Leaders:

  • Aditya Murli
    Alvarez & Marsal
  • Akshay Kale
    Senior Manager
    Alvarez & Marsal
  • Rahul Gosain
    Managing Director
    Alvarez & Marsal
  • Gaurav Batheja
    Chief Executive Officer
    iAcuity Fintech Pvt Ltd
  • Atul Luthra
    PwC India
  • Rahul Lalit
    PwC India

     3&4 Session Partner                      Technology Partner                     


Event Timelines

10.00 AM- 11.30 AM

Session 1 – How to Identify Corporate Frauds:

• Introduction to Fraud

• Fraud triangle

• Fraudster’s profile

• Red Flags / Early Warning Signals

• Business intelligence procedures


Overview of fraud schemes:

• Corruption Schemes

• Financial Statements

• Fraud Schemes in assets and liabilities, Purchasing, Sales

11.30 AM- 01.00 PM

Session 2: Conducting a Fraud Risk Assessment and Recognizing the Red Flags of Internal Fraud

• External Fraud

o Vendor fraud (Case studies that show new ways vendor fraud can be committed)

o The growing threat of cyber-crime (hacking/ information theft, system sabotage, viruses, etc.)

o Q&A and Interactive Discussion

o Fraud Risk Mitigation Cycle - Implementing a Company-Wide System for Detecting, Preventing and Investigating Fraud

o Financial reporting fraud (Unusually high revenues, odd patterns in receivables, etc.)

o Counterfeiting and piracy (Graphic samples of red flags)

o Internet/cyber-fraud

• Internal Fraud:

o Embezzlement (General definition; case studies)

o Procure-to-Pay fraud (Procurement — Receiving—Accounts Payable Cycle)

o Financial reporting fraud

01.00 PM- 01.15 PM

Session on Fund Trail Product Demo

01.15 PM- 01.30 PM


01.30 PM- 03.00 PM

Session 3: Investigation Techniques- Forensic Accounting Investigation - What it Is

• Introduction to Forensic Accounting

• 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

03.00 PM- 04.00 PM

Session 4: Establishing an Anti- Fraud Culture

• Whistle blower programs

• Role of Fraud Manager

• Departmental Alliance and Safeguarding one’s Organization

• Benchmarking the effectiveness of your anti-financial crime policies and procedures

• Building out technology infrastructure & Framework internally

• Enhancing Enterprise security by leveraging the combined power of hardware and software

• Determining risk appetite for complex but legal structures

• Developing global collaborative efforts to mitigate risks of fraudulent activities and constraining reputational risks

Sorry, Event Expired

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