Description
Achromic Point presents a Masterclass on Corporate Fraud, Forensic Accounting and Digital Forensics on 25th July 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 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 – 11.30 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
|
| 11.30 AM – 01.00 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
|
| 1.00 PM – 02.00 PM |
Break |
| 02.00 PM – 03.30 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
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| 03.30 PM – 05.00 PM |
Session 4: Digital Forensic:
- Cyber Forensics
- Mitigating Online Threats
- Digital Evidence Collection
- How Digital Forensic works
- Mitigating online threats
|
THOUGHT LEADERS:
- Ankita Lalchandani
Associate Director
Grant Thornton Bharat LLP
- Shashank Karnad
Partner and CEO, Forensic Services
Mahajan & Aibara
- Amol Pitale
Managing Director
Ankura
