Fraud Prevention

Fraud Prevention, Detection and Investigation Training Program

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Date and Time:

July 20, 2022 10:00 am - 4:30 pm

Event Location:

Online, India

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Description

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
    Director
    Alvarez & Marsal
  • Rahul Gosain
    Managing Director
    Alvarez & Marsal
  • Gaurav Batheja
    Chief Executive Officer
    iAcuity Fintech Pvt Ltd
  • Atul Luthra
    Director
    PwC India
  • Rahul Lalit
    Partner
    PwC India

     3&4 Session Partner                      Technology Partner                  

                                         

Event Timelines

1
10.00 AM- 11.30 AM

Session 1 – How to Identify Corporate Frauds:


• Introduction to Fraud


• Fraud triangle


• Fraudster’s profile


• Introduction to Fraud Examination


• Code of Conduct


 


Fraud Schemes and Controls:


• Financial Statements


• Corruption Schemes


• Fraud Schemes in assets and liabilities, Purchasing, Sales, Outsiders


• Red Flags


• Fraud Detection, Prevention and Response


• Internal Controls

2
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


 

3
01.00 PM- 01.15 PM

Session on Fund Trail Product Demo

4
01.15 PM- 01.30 PM

Break

5
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

6
03.00 PM- 04.30 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

Register Now:

Delegate Seat Type:

(+) or (-) to increase or decrease delegate numbers Number of Delegates
Per Seat Price 8,500.00
Total Delegates Total

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