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Testimonial

One Day Programme Coverage

Module-I

(1 hour 15 minutes)

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

    (1 hour 15 minutes)

    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

    (1 hour 15 minutes)

    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
  • Module-IV

    (1 hour 30 minutes)

    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

    (1 hour)

    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

    (1 hour 30 minutes)

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

    Three Days Programme/ Workshop

    Day-1

    Session-I

    (1 hour 45 minutes)

    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

    (2 hours)

    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
  • Session-III

    (2 hours 15 minutes)

    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

    (1 hour 45 minutes)

    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

    (2 hours)

    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-VI

    (1 hour)

    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

    (1 hour 45 minutes)

    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

    (2 hours)

    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

    (1 hour)

    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

    (1 hour)

    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

    (30 minutes)

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