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Past and Upcoming Symposiums
Educational Programme for Corporates and Institutes

Institute of Forensic Accounting and Investigative Audit (IFAIA)

Presents
One-Day Symposium On
Prevention, Detection & Investigation of Financial Frauds & White-Collar Crimes
And
Three Days International Workshop On
Fraud Risk Management
&
Best Way Forward to Manage Growing Fraud Menace
Sharing Experience & Leanings on Modus-Operandi of Recent Large Scale Frauds at Various Establishments Detected By IFAIA; Computerization / ERP Structuring, Fraud Risk Management Strategy, IP Risk, Data Mining & In-House Investigation, Forensic Audit as a Mitigating Tool for Prevention, Detection, Investigation & Prosecution of Financial Frauds


Schedule for One Day Programme

PLACE

DATE

VENUE (HOTELS)

Chennai

17'th Feb'2014

Radisson Blu (Near Airport)

Bangalore

18'th Feb'2014

Hotel Le-Meridien

Mumbai

19'th Feb'2014

Hotel Hilton (Near Airport)

New Delhi

21'st Feb'2014

The Suryaa (New Friends Colony)


Schedule for Three Days Programme

PLACE

DATE

VENUE (HOTELS)

New Delhi

24-26'th Feb'2014

The Suryaa (New Friends Colony)



About IFAIA

IFAIA is a unique Indian venture to meet the global challenges of growing menace of frauds and white-collar crimes in business establishments. IFAIA was setup in the late Nineties by those, who have been in the field of Forensic Accounting and Investigative Audit for many decades and have themselves sniffed out, investigated and prosecuted scores of frauds and white-collar crimes. IFAIA is promoted with the objective to educate business establishments, create and promote in-house team across industries, so as to actively combat the growing menace head-on. IFAIA also provides education on Ethics & Moralities which needs to be closely integrated in corporate discipline, besides educating on intricacies and practical aspects of Forensic Accounting, Investigative Audit, Promoting Investigative Skills and imparting education on new emerging issues on aligning new business methods and technology with existing process, with primary objective to put in place the sensible controls and practices to prevent any wrong.

In nut shell IFAIA provides complete Anti Fraud Education in India and Abroad through symposiums and workshops for the establishments at large and in-house educational training programmes globally for large multinational corporate such as State Bank of India, Axis Bank, IDBI Bank, ITC Group, Shree Cement Group, NTPC, Indian Oil, GAIL, Toshiba Group, World Bank among many others to promote Fraud Risk Management Strategy for Prevention, Detection, Investigation & Prosecution of Frauds and White- Collar Crimes, as a single point destination.

About IFAIA Consulting

IFAIA Consulting is a division of IFAIA and is an effort to expand our services in the field of fraud prevention, detection and investigation much beyond Anti Fraud Education, encompassing whole range of Anti Fraud Services for our clients and be a single window service provider, with practical solution and end to end strategy for combating frauds. In this direction IFAIA Consulting focuses on System Evaluation, ERP setup and Application Analysis, Fraud Investigation, Forensic Accounting Support, Computer Forensic support, Investigative Audit, Formulation of Fraud Risk Management Strategy, Data Protection, Intellectual Property Protection, IPR Audit, Litigation support and Expert Witness Testimony.

IFAIA Consulting has rich experience and expertise on sniffing out and investigating frauds, spreading over decades across industry and have served the industries such as Multi Domain Companies (ITC), Telecommunication (Bharti), Cement (Shree Cement), Steel & Power (JSPL), Oil & Gas (GAIL), MNC (Panasonic Group), Media (Amrita Bazar Patrika), Construction(AFNHB), Shipping(SKS), Pharma (Lupin), Food Stock(Amira) among many others and have the ability to link data, knowledge and insight together to prevent any potential wrong doings. In nutshell IFAIA Consulting is integrated solution provider for Fraud Risk Management Strategy for prevention, detection and investigation for frauds and white-collar crimes at all corporate as a single point destination.

Why Attend?

Financial and White-Collar Frauds, is one of the worst types of fraud in any business domain. The increasing number of White-Collar Crimes has hit most of the Indian companies and the new growing trend in White- Collar Crimes has become a serious area of concern for all.

This Symposium and the International Workshop will move much beyond the theory of audit and compliance programmes, by sharing hard-core experience on practical aspects of fraud prevention, detections and investigation based on real-life examples, in computerised environments, in well established business units. Mr. Vinod Khurana, who has been in the field of investigation for the last about 40 years and who himself has sniffed out 200 + frauds, investigated himself individually and as a part of the corporate team and has prosecuted scores of them to bring them to logical conclusion, will share his knowledge, insights and experience, covering different approaches to fraud Prevention, Detection and Investigation as a lead speaker at the symposium and at the international workshop. One day symposium is meant for all senior executives to understand the ground realities of the growing menace and what steps needs to be taken to prevent the growing wrongs.

The international workshop will provide practical experience through practical guidance on fraud prevention, detection, investigation and prosecution based on real-life examples wherein seasoned industry experts will share their knowledge, insights and experience with the delegates covering different approaches to fraud Prevention, Detection and Investigation and the understanding will move beyond the theory of audit and compliance programmes. Workshop is focused on sharing practical learning through interaction, debate and discussion, and is meant for all those who are in the field of fraud risk management..

Who Should Attend?

Promoters, Directors, Chief Executives, Members Audit Committee, Vigilance Officers, Bankers, Legal Team members, Project Managers, Senior Executives- in the field of Accounts & Finance, Internal Controls, Risk Managers, Practicing Chartered Accountants, Qualified Accountants, Legal Professionals dealing with financial crime and those who wish to pursue Forensic Accounting and Investigative Audit as a Profession.

About the Speakers

Mr. Vinod Khurana


Vinod has been in the field of Finance and Investigative Audit for the last 40 years. Vinod started his own practice in Forensic Accounting and Investigative Audit in the late nineties. During his widely exposed professional career in Govt., Public and Corporate Sector, Vinod has been investigating and educating on fighting White-Collar Crimes, by practicing a mix of Accounting, Law, Computerization, Intellectual Property, Ethics and Criminology coupled with his professional qualification being a B.Com, PGDFA, MBA, AICWA, CFA, LL.B, among other specialized qualifications in Investigation and on ERP Applications. Vinod has been visiting various establishments to undertake 'System Evaluations' and 'Forensic Audit' and has undertaken more than 200 such audits across industries. During the process of System Evaluation and Forensic Audit he himself has sniffed around 200 Frauds and White-Collar Crimes, some of them of very high value. Vinod is the Founder President of the Institute of Forensic Accounting and Investigative Audit (www.ifaia.org). He is also the Executive Director of the Institute of Intellectual Property Research and Development (www.iiprd.com) wherein his personal focus is on Due-Diligence, Valuation and Theft of Intellectual Property. Vinod is also a Senior Partner in 500 legal recommended Law Firm, Khurana & Khurana Advocates & IP Attorneys (www.khuranaandkhurana.com) and Litigates Fraud/ Infringement/ Contractual-disputes related matters.Vinod has undertaken more than 100 National and International symposiums in different countries, besides numerous in-house educational training programmes globally for well established Multi National Corporation including number of programmes for CBI Academy. Vinod is member of Delhi Bar Council. He is also associated with many Corporate as Advisor on developing and monitoring Fraud Risk Management Strategies.

Ms. Riana Smalberger


Riana is a leader in the field of digital forensic and electronic evidence investigation. She also has strong experience in Cybercrime, Computer & Digital Forensics, Cloud Forensics, Mobile Forensics and Digital Forensic Training. She often is a speaker in various International Seminars and chairs forensics related conferences and workshops. She often is engaged in Advisory capacity in high profile Criminal investigation cases for Law Enforcement / Special Units. Riana has done Honours, Digital Forensics from University of Cape Town and earned Medal for Academic Excellence and is also Certified Fraud Examiner.

CA. Kumar Shah


Kumar is a Fellow member of the Institute of Chartered Accountants of India, Certified Fraud Examiner (USA) and a Certified Internal Auditor (USA). He is currently practicing Enterprise Forensics and Internal Audit in Canada. His core competencies include banking frauds and Anti Money laundering (AML) investigations and Proactive Fraud Management. Kumar has 20 years of extensive banking experience in India, Middle East and Canada, both as a Commercial Banker and as a Banking Regulator. As a Forensic Auditor, Kumar has investigated complex banking frauds and AMLcases.

Mr. Harish Dua


Harish is a seasoned professional in management and audit, with over 30 years of extensive work experience in India, USA and UK. Harish has hands on experience in setting up large Internal Assurance function from scratch along with various fraud investigations to credit. With his strong professional qualifications being a FCA, CPA, MBA in International Business from USA and combined with Fraud Examiner (ACFE). Harish is currently the President - Group Internal Audit at JSPL, company active in the Steel, Power, Cement, Mining and Petroleum sectors and before this Harish was heading the Internal Audit/ Assurance group at Lanco Infratech, SRF Limited and Bharti Enterprises.

Prof. Ashok Bhagat


Ashok has over 40 years of banking experience with specialization in Trade Finance, Risk Management in International Business, Export/Import Procedures and Documentation, Guarantees etc. Ashok has been trainer for the banks/ corporates in India and overseas since last 25 years with his professional qualification being a Ph.D. M.Phil (commerce), M.Com and an Associate of the Indian Institute of Bankers (CAIIB). Ashok has Served on various committees of the International Chambers of Commerce (ICC) Paris and has written manual/ books on trade finance. Ashok has long associations as an Advisor and Vice President with Societe Generale, one of the world's largest bank.

Mr. Sanjay Kumar Rakesh, IAS


Shree Rakesh is an IAS Officer of 1990 batch and is presently posted as Chief Vigilance Officer with Central Warehousing Corporation.

Symposium Agenda and Layout

One Day Programme Coverage

Registration: From 0900 hrs onwards

Module-I (0930-1045)

Forensic Audit as a Tool to Prevent & Detect Financial Frauds & White-Collar Crimes; Ground Realities: (This session will take you through as how does Forensic Audit structure' helps to Prevent Financial Frauds & White-Collar Crimes):

  • Present Fraud Risk Scenario & How to Mitigate.
  • Forensic Audit; as a proactive tool to prevent & detect financial frauds.
  • Why and What Types of corporate frauds are growing?
  • Often observed weak areas in accounting practices which promote frauds.
  • Computerisation / ERP as an aid to fraud & how Forensic Audit helps in understanding these.
  • Understanding of Red flags, and Art of Spinning, as early warning to prevent and detect frauds.

Tea-Interaction (1045-1100)


Module-II (1100-1215)

ERP Analysis & Data Mining as a Tool to Detect Financial Frauds & White-Collar Crimes; Case Studies: Session will provide you learning on:

  • How to structure ERP/ Computerisation.
  • How to structure Data Mining.
  • Data mining a tool in ERP/ Computerised environments (Case Studies).
  • Art of data mining; a tool as detective control to look for missing links (Case Studies).
  • Analysis of Audit trail as early warnings.

Module-III (1215-1330)

Recent Case Studies; sniffed out, investigated and Prosecuted by the Speakers: Session will provide you learning on:
  • Case studies explaining the "Modus Operandi of Frauds & White-Collar Crime" related to; misappropriating Banking operation, fudging of bills, contract fudging and maneuvering, theft of physical assets, theft of financial investments, fudging of invoices, fund transfers, theft of Inventory through various mode, theft of intellectual property and fudging of records to reconcile the wrongs done.
  • Highlighting lead indicator & symptoms which tracked the investigator to sniff out the crime and Lessons learned.

Lunch (1330-1415)


Module-IV (1415-1545)

Corporate In-House Handling of Fraud Suspicion and How Best to Undertake In-house Fraud Examination & Investigation Design: (This Session will take you through the process of an internal fraud investigation based upon real case examples with focus on how to move forward when the management has suspicion and preliminaries which indicate that wrongs have been done, in order to reach to logical conclusion). Session will provide you learning on:

  • Importance of In-House Fraud Investigation and its Modus-Operandi.
  • Scientific ways of in-house fraud examination procedure.
  • Ways of interrogation and how best to start.
  • Importance of interrogation and when to start.
  • Investigative Techniques and Investigative Methodologies.
  • Interview Techniques to Establish Evidences and Getting To The Truth
  • How to move forward to bring the fraud to logical conclusion.

Tea-Interaction (1545-1600)


Module-V (1600-1700)

How to Design Meaningful Controls and Fraud Risk Management Strategy (This session will take you through the types of control, how to place them on record and its operating modalities). Session will provide you learning on:

  • How to evaluate and structure meaningful controls to prevent and detect any wrong
  • Types of Control; Preventive Controls, Detective Controls & Corrective controls and how do they function
  • Fraud prevention is loss prevention, Key elements of a fraud risk management framework
  • How to structure and introduce Fraud Risk Management strategy

Module-VI (1700-1730)

New Growing Trend in White-Collar Crime and Answering any question related to Forensic Audit and Fraud Investigation


Three Days Training Programme / Workshop

Day One Programme Coverage


Session-I (0930-1115)

Frauds/White Collar Crimes, the Growing Menace at All Corporate. Fraud Risk Assessment and How Best to Mitigate to Prevent and Detect Frauds. This session will take you through the ground realities at the corporate, which promote frauds and white collar crimes. Session will provide you learning on:

  • Why corporate frauds are growing & factors which promote frauds.
  • How to control fraud tangle.
  • New growing trends in white-collar crimes.
  • Often observed weak areas in accounting practices which promote frauds.
  • What types of fraud are growing.
  • What is corporate fraud - as seen by top management.
  • Understanding how top management relates to corporate fraud.
  • Computerization / ERP as an aid to fraud & how best to prevent.
  • Red flags, audit trail and art of spinning as early warning.
  • Present fraud risk scenario & how to mitigate.

Workshop, Part-I (1130-1330)

How to Undertake In-House Fraud Investigation at Corporate: Issues before you start, core investigation & how to bring the investigation to logical conclusion. This workshop will take you through the process of an internal fraud investigation based upon real case examples with focus on how to move forward when the management has suspicion and preliminaries which indicate that wrongs have been done, in order to reach to logical conclusion. Session will provide you learning on:


  • How to start if the management has suspicion and hunch for wrongs done.
  • Fraud analysis techniques & rationales.
  • Interviewing and information gathering techniques, including electronic information and evidences.
  • Dealing with whistleblowers.
  • Monitoring employee behaviour in an ethical manner.
  • Minimising damage to the business and human resource management.
  • How to bring suspicion through investigation to logical conclusion.
  • Why do the corporate often shirk proceedings through legal mode.
  • Critical steps for a successful internal investigation.

Workshop, Part-II (1400-1730)

ERPSetup and Computerisation: How best to simplify complexity to avoid chaos, reduce cost and add value, wherein well integrated solution would still be the key. This workshop will take you through the process of how to effectively address the challenges to the adoption of ERP through automatic internal processes to simplify duplication of system, to avoid makeshift integrations and inefficient processes and find the best-fit. Workshop will provide you learning on:

  • How to simplify complexities which are the root cause of ERP failure.
  • For robust and effective business solution, how best to build simpler systems which are easier to deploy and are easier to manage.
  • Critical areas to be analysed (i) before you take final call to configuration of ERP building process (ii) During the building process at each milestone and how to set milestones (iii) cautions before implementation of new solution and how best to implement .

Day Two Programme Coverage

Session-II (0930-1115)

Data Management and Data Analysis; an Effective Tool to Combat Frauds. This session will take you through the understanding of Data Management and Data Analysis techniques, which play a critical role in preventing and detecting fraud. Session will provide you learning on:

  • Data management and analysis techniques.
  • Learn how to apply best practices to structured and unstructured techniques and how best to use them.
  • How best to find and analyse Red Flags and use them to sniff out the frauds and white-Collar Crimes and minimise the risk of fraud.

Workshop, Part-III (1130-1330)

Pro Active Fraud Detection; How does Forensic Audit help in mitigating frauds and importance of Audit Trail and its salient features and how to look for lead indicators in Audit Trails to sniff out wrongs; Case Studies. This session will take you through the basic concept and understanding of Forensic Audit and how best to start the forensic Audit to detect any wrongs which shall be deliberated through practical case studies.


Session-III (1400-1545)

Fast Coming Changes in Banking Sector in its Operation, Risk within and to the Industries at large; what must be done to Mitigate the Risk at all levels. This session will take you through the understanding of vulnerabilities in Banking System due to the growing complexities. Session will provide you learning on:

  • Critical areas of banking operation which are most vulnerable and can be easily exploited and reconciled.
  • How best to simplify your banking operation (Corporate Perspective).
  • How best to monitor your banking operation to prevent wrongs on account of bankers doing and on account of corporate doing wrong. (Corporate Perspective).

Session-IV (1600-1730)

Understanding the Audit Committee's role and Importance of Internal Audit in Preventing and Detecting Frauds. This session will take you through the understanding of changing need in Internal Audit Charter to prevent frauds and how effective are Audit Committees and their strategies to meet stake holder's expectations. Session will provide you learning on:

  • Audit committee and their effectiveness (Ground Realities).
  • Latest trends in Internal Audit and how effective is the outsourcing (Ground Realities),
  • Changing expectations from Internal Audit team.
  • Building an effective system of internal control.
  • Role of internal audit in fraud prevention and how effective they are (Ground Realities).

Day Three Programme Coverage

Session-V (0930-1115)

Computer Related Fraud:The New Growing Trend; Case Studies. This session will take you through the understanding of why have the computer related fraud grown exponentially over the past year. Session would focus on modus operandi of the fraud to see what mistakes have been made by protector at various levels. Session will provide you learning on:

  • How to structure management of ERP/ IT Systems, delegation of responsibility and monitoring its enforcement.
  • Importance of Audit Trail and how to monitor them.
  • How would a computerised fraud can affect your business.
  • How the Master data and transactions are modified where valid data is massaged to achieve the desired effect.
  • How to monitor fudge facility which allows errors to be corrected.

Session-VI (1130-1300)

Influence of Intellectual Property (IP) and its Importance for business growth in its global appeal. Consequences of Theft and Infringement of Intellectual Property on Service and Manufacturing Industry. This session will take you through the understanding of characteristics of Intellectual Properties and how best to create, promote and protect these valuable properties. Session will provide you learning on:

  • Characteristics and reach of Intellectual properties in global scenario.
  • Types of theft and infringement of Intellectual properties and its consequences in global scenario.
  • Best cost effective strategy to promote and protect Intellectual properties for global protection.

Session-VII (1400-1615)

Forensic Audit as a Pro-Active Tool to Prevent & Detect Financial Frauds, (Case Studies as to how Forensic Audit helps in sniffing out any wrong) This session will take you through the Forensic Audit structure and its operating modalities and how best it functions. Session will provide you learning on:

  • Why to introduce forensic Audit.
  • Proactive Fraud Prevention and role of FORENSIC Auditor.
  • Mind set of Forensic Auditor and Art of data mining to look for missing links to prevent and detect frauds.
  • Risk Assessment and Risk Management as proactive strategy.

Session-VIII (1630-1715)

How to Design Meaningful Controls and Fraud Risk Management Strategy and Panel Discussion on How Businesses are affected by the legal aspects of Corporate Fraud. This session will take you through the types of control, how to place them on record and its operating modalities. Session will provide you learning on:

  • How to evaluate and structure meaningful controls to prevent and detect any wrong.
  • Types of Control; Preventive Controls, Detective Controls & Corrective controls and how do they function.
  • Key elements of a fraud risk management framework.
  • How to structure & introduce Fraud Risk Management strategy.
  • Discussion on how the fraud awareness and the knowledge on fraud consequences can help in fraud prevention.
  • How best to build trust at corporate and how transparency at TOPhelps as Fraud prevention is loss prevention.
  • Tone at the Top on Fraud Awareness & Fraud Prevention.

Session-IX (1700-1730)

Question Answers on any topic discussed during the symposium and experience sharing with delegates.


Registration

Delegate Fees:

  • One Day Symposium : Rs. 10112/- (Rs. 9000/- + Rs. 1112/- Service Tax) Per Delegate

  • Three Days Workshop : Rs.20225/- (Rs.18000+ 2225 Service Tax) Per Delegate

  • Foreign Delegates : USD 450. (USD 400 + 50 Service Tax)

Service Tax No: AABFI6363FST001
Pan No. : AABFI6363F

For Registration
Please forward the following registration details on plain paper:- Name, Organization, Designation, Address and Contact Details along with the payment details and cheque drawn in favour of "Institute of Forensic Accounting & Investigative Audit" and mail it to the Institute at :

CA. Varun Khurana
Secretary General
Institute of Forensic Accounting and Investigative Audit,
IFAIA Centre, S/19-22, Greater Noida Shopping Plaza,
UPSIDC Site-IV, Kasna Road,
Greater Noida-201308, UP, India

Or

Transfer Funds at:

Our Bank Details are as Follow:
Bank Name: UCO Bank
Bank Account Number: 19620210000120
Bank Branch Name: Greater Noida
Bank Address: G N Shopping Plaza, Plot No.S-7/1, Site -IV, Kasna Road, Greater Noida
MICR Code: 110028055
IFSC Code (Local Vendor): UCBA0001962
Name of the Account Holder: Institute of Forensic Accounting & Investigative Audit

For Any Query Contact: Ms. P. Suman Mob: +91- 0-9650843536, Direct- 0120- 2399026
Email:- ifaia@ifaia.org, suman@ifaia.org
Ph: +91-120-2342010, 4296878, Fax: +91-120-2342011,