Achromic Point

Description

Achromic Point presents the Virtual Event on Fraud Prevention, Detection and Investigation Training Program on 16th February 2024 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

Agenda:

¿10.00 AM- 11.15 AM

Session 1: Fraud Detection

• How to Identify Corporate Frauds:
  • Introduction to Fraud
  • Fraud triangle
  • Fraudster’s profile
• 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
  • 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)
  • 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

11.15 AM- 12.30 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

12.30 PM- 01.00 PM

Break

01.00 PM- 02.15 PM

Session 3: Digital Forensics

• Digital Evidence Collection
• Digital Forensics Investigation Process
• Investigating Web Attacks, We Forensics, Email Crimes, Malware Forensics
• Awareness about the softwares

02.15 PM- 03.30 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:

• Rohan Sikka
  Senior Director
  Alvarez and Marsal
   
• Ankush Lamba
  Managing Director
  Ankura 
• Kush Wadhwa
  Senior Director – Disputes and Investigation
  Alvarez and Marsal
   
• Shashank Karnad
  Partner and CEO, Forensic Services
  Mahajan & Aibara