Achromic Point is excited to invite you to an exclusive Masterclass on Corporate Fraud, Forensic Accounting, and Digital Forensics, designed to equip professionals with the knowledge and skills needed to navigate the complexities of fraud detection, investigation, and prevention in today's corporate environment.

Date: 5th February 2025
Time Duration: 10.00 AM – 04.00 PM
Platform: Zoom

Benefits of attending:- 

• Understanding Whistle-blower hotlines: How to set them up and manage them
• 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 and Regulatory Landscape in India

• External versus Internal Fraud—short overview (Fraud Matrix) information security theft and fraud
• Statutory provisions governing fraud
• Who commits fraud -- The Fraud Triangle (Graphic scenario of presence of all three components)
• Lessons from Fraudsters: (Examples of real-life frauds that can and do affect corporates

11.15 AM - 12.45 PM
Session 2: Fraud Risk Management:

• 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

12.45 PM - 01.30 PM
Break

01.30 PM - 02.45 PM
Session 3: Financial Statement Fraud:

• Fundamental of Forensic Accounting
• Its method
• 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
• Role of Forensic Auditor in Mitigating and detecting Threads

02.45 PM - 04.00 PM
Session 4: Digital Forensic:

• Cyber Forensics
• Mitigating Online Threats
• Digital Evidence Collection
• How Digital Forensic works
• Mitigating online threats

THOUGHT LEADERS:

• Shashank Karnad
  Partner and CEO, Forensic Services
  Mahajan & Aibara Chartered Accountants LLP
   
• Akshay Garkel
  Partner & Leader Cyber
  Grant Thornton Bharat LLP