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INSTITUTE OF FORENSIC ACCOUNTING & INVESTIGATIVE AUDIT PRESENTS 150th
(IFAIA)

Presents

One Day Symposium On

Forensic Accounting & Investigative Audit

With Focus On:

Sharing Experience & Learnings on

Prevention, Detection & Investigation of Financial Frauds

and

White-Collar Crimes

and

The Way Forward to Manage & Mitigate Risk

21'st September 2015, at Hotel Hilton (Andhari-East, Near Airport), Mumbai

23'rd September 2015, at Le Meridian, Bangalore

28'th September 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 42 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 SCHEDULE

Registration: From 0845 hrs onwards

Session-I

0900-1000: Frauds and White-Collar Crimes, 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 whitecollar 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 & How Best to Prevent:
    This Session will provide you learning through Case Studies on:
  • Business risks in an automated environment identifying and assessing risk
  • How to structure ERP/ Computerisation processes and evaluate limitations in the existing systems
  • Understanding of Data Management and Data Analysis Technique
  • Fundamentals of Reconciliation and how to capture oddities
  • Importance of Audit Trail and how to monitor/analyze them as lead indicators/ early warnings out the frauds.
  • 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 and how does it add value
  • Proactive Fraud Prevention and role of Forensic Auditor Mindset 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 and use them to sniff out frauds and White-Collar Crimes and minimise risk of fraud
  • Session-IV

    1400-1530: Case Studies on Various Types of Frauds, Detected & Investigated by the Speaker:
    Session will provide you learning on:
  • Banking Frauds
  • Asset misappropriations
  • Inventory theft
  • Revenue skimming
  • Payroll fraud
  • Fudging of Fraudulent Statements
  • 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
  • How to bring suspicion through investigation to logical conclusion
  • 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:
    Session will provide you learning on:
  • How to structure and evaluate Meaningful Controls to Prevent and Detect any wrong
  • Types of ControlPreventive 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 & introduce Fraud Risk Management strategy

  • Serial No.

    Name of the Delegate

    Name of the Organisation

    1

    Mr. Mahesh Tahilyani

    Shapoorji Pallonji And Company Private Limited

    2

    Mr. Zubin Merchant

    Shapoorji Pallonji And Company Private Limited

    3

    Mr. Niranjan Agarwal

    Shapoorji Pallonji And Company Private Limited

    4

    Mr. Srinivas Vangala

    Union Bank of India

    5

    Mr. Dhirendra N Shah

    Monginis Foods Pvt Ltd

    6

    Mr. Chintan Solani

    Delcia Foods

    7

    Mr. Atul Juvle

    Schindler India Pvt. Ltd.

    8

    Mr. Mandar Nalawade

    Schindler India Pvt. Ltd.

    9

    Mr. Sachin Thakar

    IndusInd Bank Ltd.

    10

    Ms. Sonia V Krishnankutty

    L&T Finance Ltd

    11

    Mr. Shivendra Singh

    SIDBI

    12

    Mr. Srinivas Gade

    HDFC Asset Management Company Ltd

    13

    Mr. Vivin Vijay

    Export-Import Bank of India

    14

    Mr. Robin Arya

    Export-Import Bank of India

    15

    Mr. Ashvin kumar

    Dena Bank

    16

    Mr. Pradeep Padman

    Canara Bank

    17

    Mr. Sunil S

    Bios AgriCorp Ltd

    18

    Mr. G.S.N.rao

    State Bank of India

    19

    Mr. K. Sasidhar

    State Bank of India

    20

    Mr. Vivek Kumar

    State Bank of India

    21

    Mr. D R Wagal

    NABARD

    22

    Mr. Nitin Alone

    NABARD

    23

    Ms. Chinchu Khan

    NABARD

    24

    Mr. Shankarappa

    BHARAT ELECTRONICS LIMITED

    25

    Mr. Manjunath Prasanna K

    BHARAT ELECTRONICS LIMITED

    26

    Mr. Sridhar. SV

    TVS Credit Services Ltd

    27

    Ms. Smitha S

    Viaya Bank

    28

    Mr. MN Gopalakrishnan

    Ashok Leyland Ltd.

    29

    Ms. T. Kasturi

    Ashok Leyland Ltd.

    30

    Mr.P Vinoth Kumar

    Ashok Leyland Ltd.

    31

    Mr. SB Janardhan

    Ashok Leyland Ltd.

    32

    Mr.M.Muruganandam

    Hatsun Agro Product limited

    33

    Mr.S.Venkateswaran

    Hatsun Agro Product limited

    34

    Mr.Anand Viroopaxi

    Hatsun Agro Product limited

    35

    Mrs. C Saraswati

    Hindustan Aeronautics Limited (HAL)

    36

    Mr. KT Venkatesh

    Hindustan Aeronautics Limited (HAL)

    37

    Smt. Sasikala S

    Canara Bank

    38

    Sri Jaleesh Dinakaran

    Canara Bank

    39

    Mr. Umakant Lal

    Dedicated Freight Corridor Corporation of India Limited

    40

    Mr. Gururaj Rao

    Grameen Koota Financial Services Pvt. Ltd

    41

    Mr. Arun Kumar

    Grameen Koota Financial Services Pvt. Ltd

    42

    Mr. Amit Singh

    Vistaar Fin Services Pvt Ltd

    43

    Mr. Chandra Bhushan Kumar

    Mannapuram Finances Ltd

    44

    Mr. Sri Parameshwarappa A J

    STATE BANK OF INDIA

    45

    Mr. B.A Sathyamoorthy

    STATE BANK OF INDIA

    46

    Mr. Murali N

    Indian Institute of Management Technology

    47

    Mr. Vipin Mittal

    MothersonSumi Infotech & Designs Limited

    48

    Mrs. Vandana Jain

    Maruti Suzuki India Ltd

    49

    Mr. Subrata Banerjee

    Pitney Bowes India Pvt. Ltd.

    50

    Mr. Arvind Goyal

    Pitney Bowes India Pvt. Ltd.

    51

    Mr. Rajive Sood

    SIDBI

    52

    Mr. Arijit Dutt

    SIDBI

    53

    Mr. Sanjiv Swarup

    National Buildings Construction Corporation Ltd.

    54

    Mr. Rajeev Sinha

    CoinTribe Technologies Private Limited

    55

    Mr. J.Shanmugapriyan

    Hatsun Agro Product limited

    56

    Mr. Anil Kumar Gupta

    Yash Papers Limited

    57

    Mr. Ramesh Kumar Lalwani

    State Bank Academy, Gurgaon

    58

    Mr. Ajay Kumar Bansal

    TATA Power DDL

    59

    Mr. Ashish Bansal

    M/s Relaxo Footwears Limited

    60

    Miss Ruchi Sharma

    Canara Bank

    61

    Mr. Ankur Jindal

    ICRA Limited

    62

    Mr. Gaurav Agarwal

    ICRA Limited

    63

    Mr. Sanjeet Chahal

    SBI Life insurance

    64

    Mr. Puneet Anand

    Sanspareils Greenlands Pvt. Ltd.

    65

    Mr. N. Subramanian

    STATE BANK OF INDIA

    66

    Mr. Sanjay Kumar

    Isgec Heavy Engineering Ltd.

    67

    Gp Capt V S Giridhar

    Indian Air Force

    68

    Wg. Cdr M R Mishra

    Indian Air Force

    69

    Mr. Sridhar Madhishetti

    Indian Renewable Energy Development Agency