Event Date

INDIA - 07/12/2020 - 11/12/2020

Event Description

Certificate Course On Detecting And Preventing Internal And External Fraud

The vulnerability and the confusion created by novel Coronavirus serves as a perfect medium and opportunity for the fraudsters. Organizations of various kinds, sizes, location & industries that were not ready to work remotely are increasingly threatened by fraud during the pandemic and resulting in the deteriorating security & safety standards. Thus Achromic Point Academy has brought a Certificate Course on Detecting & Preventing Internal & External Fraud starting from 7th, 8th, 9th, 10th & 11th December, 2020 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 organisation, large or small to have a fraud prevention plan in place.

Thought Leaders:
·         Clare Fernandes
Nexdigm (SKP)
·         Shefali Desai
Manager, Forensic Service
Nexdigm (SKP)
·         Anirban Banerjee
Global Head - Business Advocacy & Excellence
TCS BFSI Operations
·         Nirmal Paul
Vice President and Head -Fraud Prevention Unit & Claims Investigation
Bajaj Allianz Life Insurance Company
·         Hardik Sheth
Head - Internal Audit & Risk Management
Tech Mahindra Business Services

Jaideep Joshi
Risk & Compliance
Tech Mahindra

Atul Luthra
Director, Forensic Services
PwC India


Event Agenda

7th December, 2020
11:00 AM – 12:30 PM
Session 1: The Fraud Problem
·         External versus Internal Fraud—short overview (Fraud Matrix) information security theft and 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
8th December, 2020
11:00 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)
§ The growing threat of cyber-crime (hacking/ information theft, system sabotage, viruses, etc.)
§ Q&A and Interactive Discussion
§ 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.) 
§ Counterfeiting and piracy (Graphic samples of red flags)
§ Internet/cyber-fraud
·         Internal Fraud:
§ Embezzlement (General definition; case studies)
§ Procure-to-Pay fraud (Procurement — Receiving—Accounts Payable Cycle)
§ Financial reporting fraud
9th December, 2020
11:00 AM – 12:30 PM
Session 3: Fraud Detection
·         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)
§ Data Analytics (is both detective and investigative. IA can use D-M to screen for red flags) Instruction on basic steps and techniques and how to gather required data.
10th December, 2020
11:00 AM – 12:30 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
11th December, 2020
11:00 AM – 12:30 PM
Session 5:
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.


07/12/2020 - 11/12/2020


Opening Day Time: 11:00 am - 12:30 pm
Closing Day Time: 11:00 am - 12:30 pm




Download Link : IEF brochure_V16.pdf

Registration Fees

INR 8,000.00

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