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RATIONALIZATION NO BIG DEAL!

FRAUD

REASONS TO ATTEND THIS POWERFUL

SYMPOSIUMFinancial 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 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. Now the emerging modus operandi of such frauds is giving serious concerns to all the stake holders involved, wherein the computerization/ERP’s itself has become vulnerable area for many reasons.

This Symposium will provide real insights on all aspects in fine details with focus on prevention & detection of frauds in order to mitigate the risk and take remedial measure and shall move much beyond the theory of audi t and compl iance programmes. The Speaker will focus on ground realities and all practical aspects of fraud prevention, detections and investigation, based on real-life examples, i n c o m p u t e r i s e d e n v i r o n m e n t s . 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.

With Focus on:

INSTITUTE OF FORENSIC ACCOUNTING

& INVESTIGATIVE AUDIT

PRESENTSONE DAY SYMPOSIUM

ONForensic Accounting

&

Investigative Audit

P r e v e n t i o n , D e t e c t i o n & Investigation of Financial Frauds The Best Way Forward to Manage & Mitigate the Fraud Risk & 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.

Symposium For All Business Establishments /MNCs/ Banks/ Govt. & Public Sector

is m

uch

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Vinod KhuranaPresident IFAIA

“Do not accept fraud & white-collar crimes to be part of the cost of your business be better prepared and learn to manage the risk”

SCHEDULE

DATE

21st November 2016

23rd November 2016

24th November 2016

28th November 2016

VENUE

Hilton (Andheri East)

Hotel Radisson GRT (Near Airport)

CITY

Mumbai

New Delhi

Chennai

Bangalore Le Meridian (Opposite Bangalore Golf Club)

The Suryaa (New Friends Colony)

Can We Accept Financial Statement At Face Value

THE MAGIC OF FRAUD

Have the right controls, else they are meaningless

Proactive Prevention

PROGRAMME SCHEDULE

Registration: From 0900 hrs onwards

Module I (0915-1045)

Forensic Audit as a Tool to Prevent & Detect Financial Frauds & White-Collar Crimes; Ground Realities :

(This session will take you through as how does Forensic Audit structure helps to Prevent Financial Frauds & White-Collar Crimes) ü Present Fraud Risk Scenario & How to Mitigate üForensic Audit; as a proactive tool to prevent & detect financial frauds ü�Often observed weak areas in accounting practices which promote frauds ü�Computerisation / ERP as an aid to fraud & how Forensic Audit helps in understanding theseü 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: ü üHow to structure ERP/ Computerisation How to structure Data Mining Data mining as a tool in ERP/ Computerised � üenvironments. (Case Studies) Art of data mining; a tool as üdetective control to look for missing links (Case Studies ) ü Analysis of Audit trail; as early warnings

Module –III (1215-1330hrs)

Recent Case Studies; Sniffed out, investigated and Prosecuted by the Speakers :

ü Sharing of experience through case studies covering wide range and by explaining the “Modus Operandi of Frauds & White-Collar Crime” 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 ülead indicator & symptoms which tracked the investigator to sniff out the crime Lessons that we learn from the modus operandi of ü�frauds

Module –IV (1415-1500 Hrs)

Corporate In-House Handling of Fraud Suspicion and Smart Way to Undertake In-house Examination & Investigation Design :

This Session will take you through the process of an internal fraud investigation based upon real case examples with focus on how to move forward when the management has suspicion and preliminaries which indicate that wrongs have been done, in order to reach to logical conclusion by using scientific ways that stands to legal scrutiny.

Module -V (1515-1700)

How to Design Meaningful Controls and Fraud Risk Management Strategy Session will provide you learning on:

ü How to evaluate and structure meaningful controls to prevent and detect any wrong. Types of Control; Preventive Controls, ü�Detective Controls & Corrective controls and how do they function. ü�Fraud prevention is loss prevention, Key elements of a fraud risk management framework How to structure and introduce Fraud ü�Risk Management strategy

Lunch : 1330 - 1415

Forensic Audit

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 the industry for consultancy on fraud risk services and by the corporate and investigating agenises to share his experience through training mode and is a sought after speaker for Corporate and Banks on issues related to Fraud Risk Management. Vinod has undertaken, all by himself, more than 350 National and International symposiums in different countries across continents, and has sniffed, investigated and prosecuted scores of frauds. Vinod is the founder President of the Institute of Forensic Accounting and Investigative Audit ( ). He is also the founder Executive Director of the Institute of www.ifaia.orgIntellectual Property Research and Development ( ) and a founder www.iiprd.comPartner in 500 legal recommended Law Firm, Khurana & Khurana Advocates & IP Attorneys ( ) and litigates exclusively in Fraud/ www.khuranaandkhurana.comInfringement/ Contractual-disputes related matters.

CA. Varun Khurana:Varun is a practicing Chartered Accountant. He is Secretary

General of IFAIA, and is also a Partner of M/s. Khurana Khurana

& Associates, Chartered Accountants. His area of expertise is

Internal Audits, Fraud Investigation, Fraud Risk Management

Strategy formulation and IT Audit. He has been associated with

IFAIA Consultings for more than 9 years; and is a core member

of the Internal Audit and Fraud Investigation team. He has been

closely associated with more than 70 system evaluations

assignments undertaken by IFAIA for various large Industrial houses. During his

system evaluation with his expertise in investigation skill with strong technical

qualifications on various ERPs blended with his professional qualification being

FCA, AICWA, ISA(ICAI), LL.B, CISA, ISMS LA (ISO 27001), has sniffed out frauds

at various establishments including companies which rank in top 10 multinationals

in India. Varun is an avid learner and a keen author, his articles on varied Financial

Fraud Risk Management Issues are published in various magazines.

ABOUT THE SPEAKER

“We at IFAIA,

see the wholesome

and the hole together,

to prevent any wrong"

ONE DAY SYMPOSIUM IS MUST FOR

P r o m o t e r s , D i r e c t o r s , C h i e f E x e c u t i v e s , M e m b e r s A u d i t Committee, Vigilance Officers, Bankers, Legal Team members, Project Managers, Senior Executives- in the field of Accounts & Finance, Internal Controls, Risk Managers, Practicing Chartered Accountants,

Qualified Accountants, Legal Professionals dealing with

financial crime and those who wish to pursue Forensic

A c c o u n t i n g a n d Investigative Audit as a

Profession.

REGISTRATION

Per Delegate

Rs. 11500/- (Rs.10,000/ + Rs. 1500/- Service Tax)

Delegation Fees

One Day Symposium

Service Tax No: AABFI6363FST001For Registration: Please forward the following registration details on plain paper along with Cheque:- Name, Organization, Designation, Address and Contact Details along with the payment details and cheque drawn in favour of “Institute of Forensic Accounting & Investigative Audit” and mail it to the Institute at :

Wg Cdr N R Kanthy (Retd.) Vice President (Operations), Mobile:- +91-9810930697 Institute of Forensic Accounting and Investigative Audit,E-13, UPSIDC Site-IV, Kasna Road, Greater Noida 201310 NCR India Or. Transfer Funds at our Bank; details are as Follow:Bank Name: UCO Bank - Account Number: 19620210000120 Branch Name: Gr. NoidaBank Address: G N Shopping Plaza, Plot No.S-7/1, Site -IV, Kasna Road, Greater NoidaMICR Code: 110028055 - IFSC Code (Local Vendor): UCBA0001962Name of the Account Holder: Institute of Forensic Accounting & Investigative Audit

FOR ANY QUERY CONTACT:Ms. P. Suman Mobile No. 91-9650843536Vandana Rai Mobile No. 91-9643290170email:- ifaia@ifaia.org or suman@ifaia.orgPh: +91-120-2399113, 2399010, 4296878, Fax: +91-120-23992011

l One of the excellent programme in my life/ career, and Superb presentation. Mr. Rajiv Sood, DGM, SIDBI.

l “Very Informative and great presentation, Mr. Javed Rattan, AGM SBI l “Good Faculty with very practical approach & reading material is very informative”

Abhijit Gajendragadkar, Chief Internal Auditor, Tata Motorl “Extremely useful and worthwhile symposium” Col N.M Koshy, JGM, SDB CISCO Ltd.l “Very good Symposium” RR Girish Kumar (IPSRetd.) Group Head Ethics, GMR Groupl “Meaningful workshop, case studies are very effective.”

NK Bhola, Add. Director, Serious Frauds Investigation, Ministry of Corp Affairsl Very effective symposium & much more than expectation.

Mr. P. Anand, Director, Sanspareils Greenlands.l “Excellent Symposium, C. R., Seetharaman” S-Manager , Oriental Bank of Commercel “It was indeed a good session as I came back completely satisfied that the objective which I had in

mind was met with." J . Nilakantan, Director Internal Audit, Cummins India Ltd.l “The Symposium is very effective. Ideas and concepts were very well brought out with good

interaction with participants”. V.B. Aras, Head- Corporate Audit, Larsen & Toubro Ltd.

l “Very Effective and Very Good symposium.” Mr. M.K. Dhanuka, MD, Dhanuka Agritech Ltd. l “Effective & Excellent Symposium” Gen. Manger (Int, Audit) BEML Ltd.l “Good Seminar, in a short time. Case studies will help very much; sharing of experience will help

in understanding frauds better” Sumit Makhija, Pricewaterhouse Coopers Pvt. Ltd.l Very Educative & Effective Symposium Uma Kant Lal (IPS), CVO, DFCCILl “I would definitely recommend to my friends to join this Symposium.”

P Patel, Managing Director, Parixit Industries Limitedl It is an eye-opening, very effective session.

Mr. Ashish Bansal, Head of Audit, Relaxo Footwearsl Perhaps, too much material was given in one day.

Mr. Sanjeev Swarup, Chief Vigilance Ofcer, NBCC.l “Very Informative and an Eye Opener” A. K. Agrawal, Chief Enginer (Vig.) NHPC Ltd.l “Very effective symposium; more then expected” Capt M.C. Patnaik, President, J.M. Baxi & Co. l “The Seminar was an Eye Opener”. Dr. R Mahesh, MD, Organica Aromatics Pvt. Ltd.l “The topics and the presentation were very effective and lived up to my expectations."

Assem Taneja, Partner, N. Kochhar & Co, Chartered Accountants.l “Surely the Symposium has given a new wake up call in the new environment”

G. Natesan, Director (Finance), National Fertilizer Limited.l “Seminar in general was excellent. Case studies will be of tremendous help in creating

awareness” D. Ganguly, Vice President-Works, J.K. Industriesl “The Seminar in general is very good and very effective. Real eye opener”

N. Jain Chief Manager (Finance & Accounts) Shree Cement Ltdl�“The Symposium was beyond my expectation. Each & every area was covered with practical

example & case study”. P. Annamalaisamy, GM - Inspection, Tamilnad Mercantile Bankl “Symposium was intelligently structured to suit one-day programme. Information turned out was

abundant.” B Prahallada, Canara Bank.

IFAIA HAS SENSITISED MORE THAN 1000 CORPORATES WHAT HAVE THEY TO SAY

FRAUD PREVENTION SERVICES

OUR SERVICES

Review of Systems & Processes l Conduct high level, short duration Diagnostic Review to identify fraud vulnerabilitiesl Undertake thorough reviews of major systems & processes from a design perspectiveto Comprehensive Fraud Risk Management (FRM) Evaluation l For a holistic implementation of defence mechanisms, design and implement comprehensive FRM Framework tailored to company/group needs, including FRM Policy / Manual etc.l Support the FRM framework with Prosecution Policy and Legal Framework for the guilty Automation & ERP Implementationl Undertake complete fraud risk assessment of your ERP systems and help identify and address the vulnerabilities in a comprehensive manner.l Be part of the Internal team working to design and implement a new ERP so that FRM controls are built in. Due-diligence for Investments & M&Al A forensic review and analysis of the past results and operations.l Independent valuation of the assets (including Intangibles) and liabilities (including contingencies). Data-analytics / continuous monitoring of high-risk transactionsl IT and data analytics to alert management of the possibility of fraud while it is occurring. l With the help of IT experts, perform data analytics by generating exception reports which indicates any unusual activity such as a possible fraud.

FRAUD INVESTIGATION & PROSECUTION SERVICES

Fraud Investigationsl Our team of fraud experts have personally engaged in investigations in large number and booked scores of culprits, including restitution of losses. We could also function as part of your in-house team. Damage evaluation/ Loss recovery & litigation supportl We provide a wide variety of litigation support starting from on-the-scene and pre-trial investigation research to concluding analysis and expert testimony. l Our litigation support specialists, locate and identify the motives of witnesses, analyze and place on record the right evidential exhibits and critical facts to allow for a fair trial.l Many frauds, such as conict of interest, abuse of powers, bribes/kick-back from vendors etc., do not get captured in company records. Nevertheless, they surface in other ways and show up as red-ags/suspicions of management.

FRAUD DETECTION SERVICES

Forensic Accounting and Auditingl Forensic Accountants are sought after for their skills in investigating fraudulent the nancial transactions/statements and help in identifying the culprits. l Our team of Forensic Accountants have immense experience in conducting forensic audits by deploying IT and other latest tools and specialised in questionable/dubious nancial transactions , especially in the banking sector. Data-analytics / continuous monitoring of high-risk transactionsl IT and data analytics is being used to alert management of the possibility of fraud while it is occurring. l With the help of IT experts, we perform data analytics by generating exception reports which alert us of any unusual activity such as a possible fraud. Intellectual Property Protection & IPR Auditl With a deep understanding of the risks and a global network we can provide complete IP & IS protection and detection assistant. Internal Audit & Assurance servicesl Intelligent, risk based Internal Audits are designed to identify fraud vulnerabilities, any irregularities and help strengthen the systems & processes.l We provide a range of internal audit system improvement services, including technology, risk assessments, process and organizational reengineering, benchmarking and quality assurance reviews.

FRM & EDUCATION SERVICES

Symposiums & Workshops on Fraud Risk Management (FRM)l Provides complete overview of the whole Fraud Risk Management agenda, focused towards prevention detection & investigation of Frauds & White-Collar Crimes.l Supported heavily with real-life case studies & sharing experience.

ABOUT THE INSTITUTE

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 sniffed out, investigated and prosecuted numbers

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, 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.

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

( Shipping(SKS), Pharma (Lupin), Food Amrita Bazar Patrika), Construction(AFNHB),

Stock (Amira) and have the ability to link together data, among many others

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.

ONE POINT DESTINATION FOR CORPORATES

ü Fraud Investigation

ü Internal Audit Support

ü System Evaluation & ERP Analysis

ü Fraud Risk Management Strategy

ü Digital Evidence Protection

ü Protection of Intellectual Property

ü Forensic Audit

ü Legal Support

ü Anti-Fraud Education

I see a great opportunity coming

_your way!!

Have the right controls, else They are meaningless