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INSTITUTE OF FORENSIC ACCOUNTING & INVESTIGATIVE AUDIT
(IFAIA)

Presents

One Day Symposium On

Forensic Accounting & Investigative Audit

With Focus On:

The Best Way Forward to Manage the Growing Fraud Menace

On

23'rd February 2015, at Courtyard by Marriott, Bhopal

24'th February 2015, at Taj Banjara, Hyderabad

26'th February 2015, at Le Meridian, Bangalore

27'th February 2015, at Radisson GRT (Near Airport), Chennai

09'th March 2015, at The Gateway Hotel Ummed (Near Airport), Ahmedabad

10'th March 2015, at Hotel Hilton (Andhari-East, Near Airport), Mumbai

13'th March 2015, at Hyatt Regency (Pune Nagar Road), Pune

16'th March 2015, at The Suryaa (New Friends Colony), New Delhi

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, computer forensic, 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 and detect any wrong.

In nut shell IFAIA provides complete Anti Fraud Education in India and Abroad on practical note, through symposiums and workshops for the establishments at large and in-house educational training programmes globally for large multinational corporate such as SBI, Axis Bank, IDBI Bank, ITC Group, Shree Cement Group, NTPS, 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. Members of the Institute has often conducted training programme at CBI Academy on Forensic Accounting & Fraud Investigation.

Why Attend?

Financial fraud is an art of deliberate deception for unlawful gain and is as old as history, and yet the emerging of new trends of financial frauds is never ending. They are the worst types of fraud in any establishment and ingenuity displayed by fraud perpetrators is ringing alarm bells at all levels. The increasing number of Financial Frauds and White-Collar Crimes has hit most of the Indian Companies, Banks, Govt & Public Sector and the increasing trend has become a serious area of concern.

This Symposium will focus on real insights, in order to mitigate the risk and take remedial measure and shall move much beyond the theory of audit and compliance programme. Symposium will focus on all practical aspects of fraud prevention, detection and investigation, based on real-life examples, in computerized environments. Vinod, who has been in the field of investigation for the last 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 in-depth knowledge, covering different approaches for sniffing out, detecting and investigation of frauds. Symposium is meant for all senior executives who are placed on position of trust to understand the ground realities of the growing menace and what steps needs to be taken to prevent the growing wrongs. Symposium will immensely help the Internal Auditor, Fraud Risk Managers, Vigilance Team and Senior Executives to introduce the perfect and meaningful controls and the meaningful fraud risk management strategy.

About the Speaker

Vinod Khurana 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 hundreds of 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. He is often engaged by Corporate and Banks for various System Evaluations, Fraud Investigations, Due-Diligence during Acquisition & Restructuring, Legal Support and Training Programmes through sharing experiences.

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 150 National and International symposiums in different countries such as Singapore, Malaysia, Indonesia, Namibia, South Africa, Zimbabwe, UAE among others, besides numerous in-house educational training programmes globally for well established Multi National Corporation, Banks, Govt Sector establishments such as SBI, IDBI, Axis Bank, ITC, Bharti, Jindal Group, World Bank among many others including number of programmes for CBI Academy on Forensic Audit & Fraud Investigation. Vinod is member of Delhi Bar Council. He is also associated with many Corporate as Advisor on developing and monitoring Fraud Risk Management Strategies.

PROGRAMME OUTLINE

Registration: From 0845 hrs onwards

Session-I

0900-1000: Frauds and White–Collar Crimes, the Growing Menace Across Sectors; The Ground Realities.
This session will provide you learning on:
  • What types of frauds are growing
  • Why frauds are growing & factors that promote frauds
  • New growing trends in white-collar crimes
  • Often observed weak areas in accounting practices which promote frauds
  • How top management relates to corporate fraud
  • How to control fraud triangle
  • Session-II

    1000-1130: Computer Related Frauds: Computerization / ERP as an Aid to Fraud & How Best to Prevent
    Session will provide you learning through Case Studies on:
  • Business risks in an automated environment
  • Identifying and assessing risk
  • How to structure ERP/ Computerisation
  • Understanding of Data Management and Data Analysis Technique
  • Identifying and assessing risk
  • Reconciliation
  • Importance of Audit Trail and how to monitor/analyze them as early warnings
  • Session-III

    1145- 1315: Forensic Audit as a Pro-Active Tool to Prevent & Detect Financial Frauds Session will provide you learning on:
  • Why to introduce Forensic Audit
  • How Data Analysis helps in Forensic Audit
  • Proactive Fraud Prevention and role of Forensic Auditor
  • Art of data mining to look for missing links to prevent and detect frauds
  • How best to find and analyze Red Flags
  • Session-IV

    1400-1530: Case Studies on Various Types of Frauds, Detected & Investigated by the Speaker with focus on Lead Indicator which lead to Sniffing and loose links which helped in Investigation and Prosecution
    Session will provide you learning on:
  • Banking Frauds
  • Asset misappropriations
  • Revenue skimming
  • Inventory theft
  • Payroll fraud
  • Fraudulent statements which involve falsifying an organization's financial statement
  • Revenue diversion
  • Investment frauds
  • Contract fudging among other such issues sniffed out, Investigated & Prosecuted by the speaker himself
  • Session-V

    1545-1645: How to Undertake In-House Fraud Investigation at Corporate
    Session will provide you learning on:
  • Fraud analysis techniques & rationales (Case Study)
  • How to start if the management has suspicion and hunch for wrongs done
  • Interviewing and information gathering techniques, including electronic information and evidences
  • Dealing with whistle blowers
  • Monitoring employee behavior in an ethical manner
  • Critical steps for a successful internal investigation
  • Why do the corporate often shirk proceedings through legal mode
  • Session-VI

    1645-1720: How to Design Meaningful Controls and Fraud Risk Management Strategy (Based on Case Study)
    Session will provide you learning on:
  • How to structure and evaluate meaningful controls
  • Types of Control and how do they function
  • Fraud prevention is loss prevention, Key elements of FRMF
  • How to structure & introduce Fraud Risk Management strategy
  • How best to build trust at corporate and how transparency helps
  • Session-VII

    1720-1730: Questions Answers and Deliberation on any issue related to Fraud Prevention, Detection and Investigation
    Session will provide you learning on:
  • How to structure and evaluate meaningful controls
  • Types of Control and how do they function
  • Fraud prevention is loss prevention, Key elements of FRMF
  • How to structure & introduce Fraud Risk Management strategy
  • How best to build trust at corporate and how transparency helps

  • Registration Fees:

    Rs. 8,989/- (Rs. 8,000/- + Rs. 989/-Service Tax) Per Delegate
    Foreign Delegates - US$ 225 (USD 200 + USD 25 Service Tax) Per Delegate
    IFAIA Service Tax No: AABF16363FST001

    Nomination Form:

    Delegate nomination form shall be sent to IFAIA duly completed with the following details:
    Name of the Corporate, Name of the Delegate, Designation, Contact details of the Delegate, along with a cheque drawn in favour of''Institute of Forensic Accounting and Investigative Audit'' and mail it to IFAIA at:
    CA. Varun Khurana
    Secretary General
    Institute of Forensic Accounting and Investigative Audit,(IFAIA)
    E-13, UPSIDC Road No. 9, Site-IV, Kasna Road,
    Greater Noida-201308, UP, India.
    or
    Transfer Funds at our Bank; details are as Follow:
    Bank Name: UCO Bank
    Branch Name: Greater Noida
    Bank Account Number: 19620210000120
    Bank Address: G N S Plaza, Site -IV, Kasna Road, Greater Noida
    MICR Code: 110028055
    IFSC Code : UCBA0001962
    Name of the Account Holder: Institute of Forensic Accounting & Investigative Audit

    FOR ANY QUERY CONTACT :

    Contact Person :
    Ms. P Suman, +91- 0-9650843536 E: ifaia@ifaia.org or suman@ifaia.org
    Ms. Henika Bisht, +91- 0-9910085763
    E: ifaia@ifaia.org or suman@ifaia.org
    Ph : +91-120-2342010/2399113, Fax: 2342011