Background:

Fraud is one of the most substantial threats to viability and sustainability of any organization. Financial frauds can cause damage beyond purely financial losses or regulatory enforcement and may evoke systemic concerns also.  Financial frauds render the security and control systems inadequate, and dismisses the trust reposed by various stakeholders in the institution.  It is necessary to have a thorough fraud risk assessment that accurately identifies the organization specific fraud, and put in place a robust fraud risk framework with sufficient resilience against fraud risks. It is mandatory to map all the existing internal controls to the relevant fraud risks and periodical evaluation done for its effectiveness. Any incident of fraud needs to be thoroughly examined and for doing an effective root cause analysis, a robust forensic audit would enable generation of necessary evidences that can be used as evidence in a court of law. 

Objective:

The program aims to enhance the understanding of senior executives of the financial sector on fraud risk management, with discussions centering around the various regulatory policies in respect of fraud risk management and other initiatives by other stakeholders.  The program will also emphasize on the importance of a sound forensic audit to identify the root causes of the fraud and put in place proper policy and processes to prevent its occurrence in future. 

Program Highlights:

• Frauds & Financial Crimes: A Regulatory Perspective
• Financial Crime & Investigation
• An Approach to Forensic Audit
• Fraud Risk Management: Developing an Anti-Fraud Program
• Uncovering Fraud with Financial & Ratio Analysis
• Digital Frauds: Trends & Tools for Prevention
• Frauds in Loan Accounts: Use of Technology
• Trade Based Money Laundering Frauds
• Internal Investigation of a Fraud
• Legal Elements of Fraud Investigation