For this : print | email
IP Protection & IPR Audit
                                                   

Presents

One Day Symposium

On

FORENSIC ACCOUNTING & INVESTIGATIVE AUDIT

With Focus On
Prevention, Detection & Investigation of Financial Frauds Through Forensic Audit

And

Three Days International Workshop

On

FRAUD RISK MANAGEMENT

With Focus On
The Best Way Forward to Manage & Mitigate the Fraud Risk

Schedule for One-Day Symposium

Date Venue
23rd April 2020 Hyatt Centric (MG Road), Bangalore
24th April 2020 Radisson (X-22, MIDC, Central Road, Andheri East), Mumbai
27th April 2020 The Claridges, New Delhi


Schedule for Three-Days Workshop

(Residential/Non-Residential Programme)
To be undertaken by Vinod Khurana, Harish Dua and Varun Khurana

Date Venue
13th-15th May 2020 Greater Noida (IFAIA Head Office), E-13, Site-4, Behind Grand Venice Mall


About the Symposium

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 businesses and establishments including Multi National Companies, Insurance Companies, Banks, Govt & Public Sector and the increasing trend have 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 and the Workshop will provide real insights on all aspects which are promoting frauds, whereas the Workshop will delve into the subject in fine details with focus on Prevention, Detection and Investigation 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 computerized environments with emphasis on Forensic Audit. 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 prevent and detect the growing wrongs. 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 meaningful controls and the meaningful fraud risk management strategy.

IFAIA has been in the field of Fraud Risk Management and Fraud Prevention, Detection and Investigation for the last about 20 years and has undertaken large number of Fraud investigation and System evaluations for all types of Industries, Bank and Public Sectors. IFAIA has helped the Corporate in number of System evaluation so as to prevent & detect the frauds and finally Investigation to prosecute the perpetrators so as to get them to logical conclusion. At the same time IFAIA has undertaken hundreds of in-house symposium and workshop so to share the experience with the Industry for risk mitigation. The Speakers (who all have in depth knowledge) will share their experiences covering different approaches for sniffing out, 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 prevent and detect the growing wrongs. 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 meaningful controls and the meaningful fraud risk management strategy.

About IFAIA

IFAIA has been in the field of Fraud Risk Management and Fraud Prevention, Detection and Investigation for the last about 20 years and has undertaken large number of Fraud investigation and System evaluations for all types of Industries, Bank and Public Sectors. IFAIA has helped the Corporate in number of System evaluation so as to prevent & detect the frauds and finally Investigation to prosecute the perpetrators so as to get them to logical conclusion. At the same time IFAIA has undertaken hundreds of in-house symposium and workshop so to share the experience with the Industry for risk mitigation. The Speakers (who all have indepth knowledge) will share their experiences covering different approaches for sniffing out, detecting and investigating frauds on practical note with focus on Forensic Audit process. IFAIA has 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 has the ability to link together data, knowledge and insight to prevent any potential wrong doings in nutshell.

IFAIA Consultings LLP

IFAIA Consultings LLP is a service division of IFAIA and is an effort to expand the valued services in the domain 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 combining frauds. In this direction IFAIA Consultings LLP 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 LLP is integrated solution provider for Fraud Risk Management Strategy for prevention, detection and investigation for fraud and white-collar crimes at all corporate as a single point destination.

One Day Symposium Coverage

09:00 AM TO 9:30 AM - REGISTRATION

Session 01 (09:30 AM TO 10:45 AM) - 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
• Understanding of Red flags and Art of Spinning, as early warning to prevent and detect frauds

10:45 AM TO 11:00 AM - TEA BREAK

Session 02 (11:00 AM TO 12:15 PM) - ERP Analysis & Data Mining as a Tool to Detect Financial Frauds, case studies

Session will provide you learning on:

• Computerisation/ ERP as an aid to fraud & how Data Mining helps in understanding these
• How to structure ERP/Computerisation/Data Mining
• Data mining as a tool in ERP/ Computerised environment (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

Session 03 (12:15 PM TO 01:30 PM) - Recent Case Studies Sniffed out, Investigated and Prosecuted by the Speakers

Case studies explaining the “Modus Operandi of Frauds related to; misappropriating Banking operation, theft of Inventory through various mode including virtual godowns, fudging of bills, contract fudging and maneuvering, theft of physical assets, theft of financial investments, fudging of invoices, fund transfers, theft of IP and fudging of records to reconcile the wrongs done. Highlighting lead indicator & symptoms which tracked the investigator to sniff out the crime & Lessons learnt.

01:30 PM TO 02:15 PM - NETWORKING LUNCH

Session 04 (02:15 PM TO 03:45 PM) - How Best to Undertake In-house Fraud Examination & Investigation Design corporate

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

03:45 PM TO 04:00 PM - TEA BREAK

Session 05 (04:00 PM TO 05:30 PM) - 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, Detective & 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
• New growing trend in White-Collar Crime and
• Answering any question related to forensic audit and fraud Investigation

Three Days Training Program Coverage/ Workshop

09:15 AM TO 9:30 AM - REGISTRATION

Day 1

Session 01 (09:30 AM TO 11:15 AM) - Frauds / White –Collar Crimes, the growing menace at all establishments, Fraud risk assessment and how best to mitigate, prevent and detect frauds

Session will provide you learning on:

• Why corporate frauds are growing & factors which promote frauds. How to control 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
• 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

11:15 AM TO 11:30 AM - TEA BREAK

Session 02 (11:30 AM TO 01:30 PM) - ERP Setup and Computerisation how best to simplify complexity to avoid chaos, reduce cost and add value, wherein well integrated solution would still be the key

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
• Before you take final call to 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

01:30 PM TO 02:00 PM - NETWORKING LUNCH

Session 03 (02:00 PM TO 05:30 PM) - How to Undertake InHouse Fraud Investigation at Corporate Issues before your start, core investigation & how to bring the investigation 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 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 a successful internal investigation

Day 2

Session 04 (09:30 AM TO 11:15 AM) - Data Management and Data Analysis; an Effective Tools 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 analyses Red Flags from data analyses and use them to sniff out the frauds and white-Collar Crimes and minimise the risk of fraud
• Sharing experience through cash studies

11:15 AM TO 11:30 AM - TEA BREAK

Session 05 (11:30 AM TO 01:15 PM) - Pro Active Fraud Detection

Session will provide you learning on:

• 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
• Understanding of Forensic Audit and how best to start the Forensic Audit to detect any wrongs which shall be deliberated through practical case studies.

01:15 PM TO 02:00 PM - NETWORKING LUNCH

Session 06 (02:00 PM TO 03:45 PM) - 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

Session will provide you learning on:

• Critical areas of banking operation which are most vulnerable and can be easy 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)

03:45 PM TO 04:00 PM - TEA BREAK

Session 07 (04:00 PM TO 05:30 PM) - Understanding the audit committee’s role and importance of internal audit in preventing and detecting frauds

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 detection and how effective they are (Ground Realities)

Day 3

Session 08 (09:30 AM TO 11:15 AM) - 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 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

11:15 AM TO 11:30 AM - TEA BREAK

Session 09 (11:30 AM TO 01:15 PM) - Influence of Intellectual Property (IP), It’s Importance for business growth in its global appeal. Consequences of Theft and Infringement of Intellectual Property on Service and Manufacturing Industry

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
• valuation of intellectual property and its impact in financial statements

01:15 PM TO 02:00 PM - NETWORKING LUNCH

Session 10 (02:00 PM TO 04:15 PM) - 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
• Forensic Audit as a Proactive Fraud Prevention strategy and role of Forensic Auditor
• Modus-operandi and Fundamentals of Forensic Audit
• 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

04:15 PM TO 04:30 PM - TEA BREAK

Session 11 (04:30 PM TO 05:15 PM) - How to Design Meaningful Controls and Fraud Risk Management Strategy legal aspects and its influence

Session will provide you learning on:

• How to evaluate and structure meaningful controls to prevent and detect any wrong
• Types of Control: Preventive, Detective & Corrective Controls and how do they function
• Key elements of a fraud risk management framework & How to structure & introduce Fraud Risk Management strategy
• 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 12 (05:15 PM TO 05:30 PM)
Question Answers on any topic discussed during the workshop and experience sharing with delegates.

About the Speaker

Vinod Khurana: Vinod has been in the field of Finance and Investigative Audit for the last 46 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 and Indian Institute of Corporate Affairs (Ministry of Corporate Affairs) to impart training and is a sought after speaker for Corporate and Banks for various System Evaluations, Fraud Investigations, Due­ Diligence during acquisition & restructuring, Legal Support and Training programmes through sharing experiences. Vinod has undertaken, all by himself, more than 300 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 our 36 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 investigation to his credit. With his strong professional qualifications being a FCA, CPA, MBA, (International Business from USA) and combined with Fraud Examiner (ACFE). Harish is currently engaged by the Institute of Chartered Accountant of India. Harish over a period of time has functioned as President - Group Internal Audit and CFO at JSPL (company active in the Steel, Power, Cement, Mining, and Petroleum sectors). Prior to this, Harish Headed the Internal Audit/Assurance group at Lanco Infratech, SRF Limited and Bharti Enterprises.


Varun Khurana: Varun is the Managing Partner of Khurana Khurana & Associates LLP, Chartered Accountants and started this practicing firm 15 years back. Varun specializes in providing the 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 ERP compliances. Varun is Partner and Vice President - Forensic at IFAIA and has been associated in sniffing out multitudes of frauds and has been undertaking system evaluation and forensic audits.

REGISTRATION

One Day Symposium
Delegation Fee:
Rs.10,030/- (Rs 8,500 /-+ Rs 1,530/- GST)

Three Days Workshop:
Non-Residential Fee:
Rs.20,360/ (Rs.17,000/+ 3,060/- GST)

Residential Fee:
Rs. 30,360/- (Rs.20,360/ + Rs. 10,000* /-)


*Stay at Greater Noida for 3 nights 12th-14th May 2020 with lunch at the workshop. Pick up and drop for workshop from hotel on all 3 days shall be provided.

















GST Registration No: 09AABFI6363FIZD

For Registration, please forward the following registration details: Name, Organization, Designation, Address and Contact Details along with the payment details and cheque* (in case of cheque payments), on a plain paper to the institute at:

Varun Khurana
Institute of Forensic Accounting and Investigative Audit,
E-13, UPSIDC Site-IV, Kasna Road, Greater Noida 201310 NCR India
Mobile: +91 9810930697

* Cheque must be drawn in favor of: “Institute of Forensic Accounting & Investigative Audit”

Or

Transfer Funds at our Bank; details are as Follow:

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: UCBA0001962
Name of the Account Holder: Institute of Forensic Accounting & Investigative Audit
For Any Query Contact:

Ms. P. Suman

Mob: +91 9650843536

Email: ifaia@ifaia.org or suman@ifaia.org

Ph: +91-120-4296878, 4909201

Fax: +91-120-4516201