Introduction

The changing nature of business has created new opportunities, but also new risks and potential threats including the increasing sophistication of fraud, organized crime more complex legislation and regulations, some with increasing extra-territorial reach, developing challenges around technology, complex cross-border disputes, pitfalls from expanding into emerging markets, dependencies on unfamiliar business partners more complex supply and distribution channels, theft and misuse of intellectual property. 

The growing financial crimes and frauds in organizations has increased the demand for certified finance professionals with the added knowledge of investigative techniques who will be able to determine whether an activity is illegal or not. This course aims to develop such investigative skills that are required to expose business frauds, measure subsequent damage, and provide litigation support within the accounting and auditing framework. 

Organizations that effectively monitor and swiftly respond to potentially damaging situations such as these are better placed to deal with them quickly and successfully, while reducing adverse financial, reputational or operational impact. 

This training course is specifically designed to equip an accounting and finance professional to understand the nuances of forensic accounting and effectively make use of this knowledge for preventing, detecting, investigating and reporting financial frauds. The course structure enables an in-depth understanding of the audit techniques, fraud detection techniques, accounting and law, practically auditing and investigation of frauds, collection of evidence/documentation which can stand the test of legal scrutiny and write succinct, factual reports.  

Learn how to Prevent, Detect, and Correct Fraud in your organization. 

Learning Outcomes 

  • Understand the mechanics of forensic accounting  
  • Assessment of the damages 
  • Investigating and analyzing financial evidence 
  • Learn the types of frauds   
  • Analyze different types of tools used in fraud detection 
  • Understand Indian laws and legislation for combatting fraud 

Who should attend? 

  • Finance & Accounting Professionals 
  • Banking professionals & Consultants  
  • Chartered Accountants  
  • Internal and External Auditors  
  • Company Secretaries  
  • Heads of Legal 
  • Heads of Risk Management 
  • Professional Founders & Entrepreneurs 

Agenda

8:00 AM onwards
  • 8:00 AM – 9:00 AM

    Welcome Note

  • 9:00 AM – 10:30 AM

    Understanding, Identifying and Preventing Fraud

    • Overview and types of frauds
    • Fraud triangle
    • Profile of a fraudster - Techniques and Psychology
    • Red flags in identifying frauds
    • Advancement of technologies and opportunities for fraudsters
    • Recent fraud cases in the public domain

    Trainer: Abhijit Yadav, Partner, PwC

  • 10:30 AM – 12:00 PM

    Designing, Implementing and Monitoring a Comprehensive Fraud Risk Management Program (some key elements)

    • Best practices – what are companies doing to prevent fraud and misconduct? 
    • Implementing a fraud risk management program
    • Importance of data analytics and continuous monitoring
    • Importance of an effective whistleblower program

    Trainer: Supriya Verma, Managing Director, PwC

  • 12:00 PM – 1:30 PM

    Anti-Bribery and Anti-Corruption

    • Discuss the various forms of bribery, including active and passive bribery and facilitation payments.
    • Explore global and Indian laws addressing anti-bribery and anti-corruption
    • Explore the risks associated with bribery and corruption, including legal, financial, and reputational risks.
    • Explore recent cases of enforcement and the impact on companies involved.

    Trainer: Karan Sunthankar, Executive Director, Grant Thornton Bharat LLP

DAY 2
9:00 AM onwards
  • 9:00 AM – 10:30 AM

    Financial Crime & Law and Litigation Support

    • Understanding and gaining knowledge of the legal environment in which forensic accounting operates
    • Role of Forensic in litigation support
    • International bribery and corruption laws such as UKBA, FCPA, World Bank guidelines etc.
    • Case studies of enforcement

    Trainer: Sahil Kanuga, Co-Head, International Dispute Resolution & Investigations Practice, Nishith Desai Associates

  • 10:30 AM – 12:00 PM

    Implementation of a whistleblower Program

    • Dealing with whistleblowers 
    • Analyzing complaints 
    • Malicious intent of WB
    • Overcoming biases
    • Solving a WB complaint using various learnings from earlier topics and conducting interviews and discussions with suspects and related parties
    • Disciplinary matrix & involvement of Ethics Committee

    Trainer: Tarun Bhatia, Regional Managing Director and co-Head of APAC, Forensic Investigations and Intelligence practice, Kroll

  • 12:00 PM – 1:30 PM

    Forensic Investigation, Tools and Techniques

    • What forms part of a Forensic Audit and Investigation?
    • Forensic, Data extraction, Imaging, data recovery and Analysis tools
    • Document and email review
    • Review of audit logs and verification of trails
    • Background checks and web searches
    • Social Media Monitoring
    • Market Intelligence gathering
    • Digital forensics
    • Interviews and conclusions
    • Reporting evidence in court of law

    Trainer: Vinay Garodiya, Partner - Forensic & Integrity Services, EY

DAY 1

Experts

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Abhijit Yadav

Partner, PwC
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Karan Sunthankar

Executive Director, Grant Thornton Bharat LLP
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Sahil Kanuga

Co-Head, International Dispute Resolution & Investigations Practice, Nishith Desai Associates
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Supriya Verma

Managing Director, PwC
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Tarun Bhatia

Regional Managing Director and co-Head of APAC, Forensic Investigations and Intelligence practice, Kroll
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Vinay Garodiya

Partner - Forensic & Integrity Services, EY

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