Date and Time:
July 20, 2022 10:00 am - 4:30 pm
Event Location:
Online, India
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 - Akshay Kale
Senior Manager
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
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
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
Session on Fund Trail Product Demo
Break
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
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
