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INSTITUTE OF FORENSIC ACCOUNTING & INVESTIGATIVE AUDIT
(IFAIA)

Presents

One Day Symposium On

Forensic Accounting & Investigative Audit

With Focus On:

Prevention, Detection & Investigation of Financial Frauds The Best Way Forward to Manage the Growing Fraud Menace

And

Three Days International Workshop On

With Focus On:

Sharing Experience on How Some Real Life Frauds were Perpetrated and How Lead Indicator were Identified which Helped IFAIA to Detect Those Frauds. Tips on Conducting Smart Investigation, Using Case Studies to Provide Practical Training on Fraud Risk & Forensic Audit

Schedule For One Day Symposium

08'th March 2016, at Hyatt Regency (Salt Lake), Kolkata

09'th March 2016, at Hotel Radisson GRT (Near Airport), Chennai

10'th March 2016, at Le Meridian (Opposite Bangalore Golf Club), Bangalore

11'th March 2016, at Hyatt Regency (Sahar Airport Road), Mumbai

14'th March 2016, at The Suryaa (New Friends Colony), New Delhi

Schedule For Three Days Workshop

25'th - 27'th April 2016, at Greater Noida (IFAIA Head Office), New Delhi (NCR)

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 identified, investigated and prosecuted numbers of frauds and white-collar crimes. IFAIAis 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, and computer forensic, promoting investigative skills. IFAIA also imparts 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. From the Year 2016, IFAIAis starting a Certification Course on Certified Fraud Investigator/ Certified Forensic Accountant. In nut shell IFAIAprovides a 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 have often conducted training programme at CBI Academy on Forensic Accounting & Fraud Investigation.

IFAIA Consultings

IFAIA Consultings is a service division of IFAIA. IFAIA Consultings is an effort to expand our valued 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 to be a single window service provider, with practical solution and end to end strategy for combating frauds. In this direction IFAIA Consultings 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 Consultings is a venture of professionals who have been in the field of Fraud Risk Management with strong accounts, finance, legal, computer forensic, intellectual property, investigation and prosecution backgrounds coupled with rich experience and expertise on sniffing out and investigating scores of frauds, spreading over decades across industry. IFAIA Consultings have served the industries such as Multi Domain Companies (ITC), Telecommunication (Bharti Airtel), 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 together data, knowledge and insight to prevent any potential wrong doings.

In nutshell, IFAIA Consultings 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 Fraud is an art of deliberate deception for unlawful gain and is as old as history and yet the emergence of new trends of financial frauds is never ending. They are the worst types of fraud in any establishment and ingenuity displayed by fraud perpetuators 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. Now the emerging modus operandi of such frauds is giving serious concerns to all the stake holders involved.

This Symposium will provide real insights on all aspects which are promoting frauds, whereas the Workshop will delve into the subject in one details with focus on Detection of frauds in order to mitigate the risk and take remedial measure and shall move much beyond the theory of audit and compliance programmes. Symposium and Workshop will focus on ground realities and all practical aspects of fraud prevention, detections and investigation, based on real-life examples, in computerised environments.

IFAIA has been in the field of Fraud Risk Management and Fraud Investigation for the last about 20 years and has undertaken large number of Fraud Investigation and Evaluations for all types of Industries, Bank and Public Sectors. IFAIA has helped the Corporates in number of Investigation to prosecute the perpetrators so as to get them to logical conclusion. The Speakers (who all have in-depth knowledge) will share their experiences covering different approaches for detecting and investigating frauds. Symposium and Workshop is meant for all senior executives who are placed in position of trust to understand the ground realities of the growing menace and what steps need to be taken to detect and prevent the same. Programme will immensely help the Promoters, Audit Boards, Internal Auditor, Fraud Risk Managers, Vigilance Team and Senior Executives to understand the core issues, introduce the perfect and effective internal controls and the meaningful fraud risk management strategy.

One Day Symposium is Must For

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, Practising Chartered Accountants, Qualified Accountants, Legal Professionals dealing with financial crime and all those who aspire to pursue Forensic Accounting and Investigative Audit as a Profession.

Three Days Workshop is Must For

Members Audit Committee, Vigilance Officers, Bankers, Internal Audit Team Members, Legal Team members, Senior Executives in the field of Accounts & Finance, Internal Controls, Risk Managers, Practising 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 Speaker

Mr. Vinod Khurana: Vinod has been in the field of Finance and Investigative Audit for the last 43 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 is often engaged by CBI to impart training and is a sought after speaker for Corporate and Banks for various System Evaluations, Fraud Investigations, DueDiligence during acquisition & restructuring, Legal Support and Training programmes through sharing experiences. Vinod has undertaken, all by himself, more than 200 National and International symposiums in different countries. Vinod is the founder President of the Institute of Forensic Accounting and Investigative Audit (www.ifaia.org). He is also the founder Executive Director of the Institute of Intellectual Property Research and Development (www.iiprd.com) and a founder Partner in 500 legal recommended Law Firm, Khurana & Khurana Advocates & IP Attorneys (www.khuranaandkhurana.com) and Litigates exclusively in Fraud/ Infringement/ Contractual-disputes related matters.

Harish Dua: Harish is a seasoned professional in management and investigative audit, with over 35 years of extensive work experience in India, USA and UK. Harish has hands on experience in setting up large Internal Assurance functions from scratch along with various fraud investigations to credit. With his strong professional qualifications of ACA( England & Wales) CPA (USA), MBA (Connecticut, USA) he is a Certified Fraud Examiner (ACFE). Harish is currently the Partner and CEO at IFAIA. Harish functioned as President- Group Internal Audit and acting CFO most recently at Jindal Steel & Power Limited. Prior to this, Harish headed the Internal Audit/ Assurance group at Lanco Infratech, SRF Limited, Pepsi foods limited and Bharti Airtel.

Varun Khurana: Varun is the Managing Partner of Khurana V Khurana & Associates LLP, Chartered Accountants and started this practicing firm a decade ago. Varun specializes in providing Audit, Advisory & Fraud Risk services to the clients with his professional qualification being FCA, AICWA, CISA, DISA (ICAI), LLB, ISMS (ISO 27001) LA among other expertise in ERPcompliances. Varun is Partner and Vice President - Forensic at IFAIA and has been associated in investigating multitudes of frauds and has been undertaking system evaluation and forensic audit for more than a decade. Varun has a real-insight on fraud detection and is easily able to catch the oddities if existing in the processes to detect frauds.

Arpita Gabhawala Misra:Arpita is a practicing Chartered Account for the last 8 years and her core specialization is in providing Audit services and Income Tax & Indirect Tax services. Her qualifications are B.Com(H), FCA and DISA(ICAI). She has also co-authored various professional qualified course Books and Ready-Reckoner on Direct Taxes published by reputed publishers viz., Taxmann, Wolters-Kluwers. With her background of legal research, writing books and deep understanding of tax, audit and accountancy she is associated with IFAIAas Vice President - Training for a Certified Forensic Accountant.

One Day Programme Coverage

Registration: From 0915 hrs onwards

Module-I

0930-1045: Forensic Audit as a Tool to Prevent & Detect Financial Frauds & White-Collar Crimes; Ground Realities:
Session will provide you learning on:
  • 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 detecting them
  • Understanding of Red flags, and Art of Spinning, as early warning to prevent and detect frauds
  • 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 as 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; Identified, investigated and Prosecuted by the Speakers
    Session will provide you learning through case Studies on:
  • Case studies explaining the ''Modus Operandi of Frauds & White-Collar Crim'' 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
  • Lessons that we learn from the modus operandi of frauds
  • Lunch:1330-1415

    Module-IV

    1600-1700: Corporate In-House Handling of Fraud Suspicion and How Best to Undertake In-house Fraud Examination & Investigation Design
    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
  • Module-V

    1600-1700: How to Design Meaningful Controls and Fraud Risk Management Strategy
    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

    1545-1645: New growing trend in White-Collar Crime and answering any question related to forensic audit and fraud Investigation.

    Three Days Programme/ Workshop

    Day-1

    Registration: From 0915 hrs onwards

    Session-I

    0930-1115: Frauds/White-Collar Crimes, the growing menace at all establishments. Fraud risk assessment and how best to mitigate to prevent and detect Frauds.
    Session will provide you learning on:
  • Why corporate frauds are growing & factors which promote frauds.
  • How to understand fraud triangle
  • 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 / ERPas 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.
  • Session-II

    1130-1330: ERP Setup and Computerisation: How best to simplify the complexity to avoid chaos, reduce cost and add value
    Session 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
  • At the planning stage for configuration of ERP building process
  • During the building process at each milestone and how to set milestones
  • Cautions before implementation of new solution and how best to implement

  • Lunch:1330-1415

    Session-III

    1415-1730: How to Undertake In-House Fraud Investigation at Corporate: Issues before your start, core investigation & how to bring the investigation to logical conclusion.
    Session will provide you learning through case Studies on:
  • How to start if the management has suspicion and hunch for wrongs done
  • Fraud analysis techniques & rationales behind them
  • 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 successful internal investigation
  • Day-2

    Session-IV

    0930-1115: Data Management ad Data Analysis; an Effective Tool to Combat Frauds
    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.
  • Session-V

    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.

    Lunch:1330-1415

    Session-VI

    1545-1645: This session will take you through the understanding of vulnerabilities in Banking System due to the growing complexities. Session will provide you learning on:
    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-3

    Session-VIII

    0930-1115: Computer Related Fraud - The New Growing Trend; Case Studies
    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 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-IX

    1130-1330:Influence of Intellectual Property (IP)
    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-X

    1545-1645: 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)
    Session will provide you learning on:
  • Why to introduce forensic Audit
  • Proactive Fraud Prevention and role of FORENSIC Auditor
  • Mindset 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-XI

    1545-1645: 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.
    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 TOP helps as Fraud prevention is loss prevention
  • Tone at the Top on Fraud Awareness & Fraud Prevention.
  • Session-XI

    1700-1730: Question Answers on any topic discussed during the symposium and experience sharing with delegates

    Registration Fees:

    One Day Symposium Fees- Rs. 10,305/- (Rs. 9,000/- + Rs. 1305/-Service Tax) Per Delegate
    Foreign Delegates - US$ 250 Per Delegate

    Three Days Workshop Fees- Non-Residential- Rs. 19,465/- (Rs. 17,000/- + Rs. 2,465/-Service Tax) Per Delegate
    Foreign Delegates - US$ 450 Per Delegate
    Residential- Rs. 29,465/- (Rs. 19,000/- + Rs. 10,000/-Service Tax) Per Delegate
    Foreign Delegates - US$ 600 Per Delegate

    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:
    Wg Cdr N R Kanthy (Retd.)
    Vice President (Operations)
    Institute of Forensic Accounting and Investigative Audit,(IFAIA)
    E-13, UPSIDC Road No. 9, Site-IV, Kasna Road,
    Greater Noida-201308, UP, India.
    Mobile-+91 9810930697
    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, 4296878, Fax: +91-120-2342011