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Forensic Audit’ is assuming critical importance in India and globally in the wake of numerous financial frauds, corporate misconduct and unethical business practices and high incidence of cybercrime. There has been a rapid increase in financial frauds and white-collar crimes perpetrated in almost every sector in all industry verticals, in recent times. 

One of the best measures that any organization can take to mitigate the loss associated with fraud is to equip all employees with the skills and techniques needed to detect and prevent it.

With the growing decentralization and system based approach, many corporates have proble.m in controlling frauds despite advanced systems and reporting. Many frauds and non-compliances comes to light only by accident.

This one-day programme is designed which will give an in-depth knowledge to the participants about audit, practice, procedures, and methodology.

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What you will learn

  • What forensic auditing is and the role of forensic auditing in both internal and external audit
  • Risk based auditing and the Audit Plan and the relationship between internal and external audit
  • The importance of good corporate governance and counter-fraud activity and awareness
  • Typical types of fraud and who perpetrates them
  • Counter fraud techniques: preventing, detecting and correcting fraud and corruption
  • What to do when a fraud is discovered and investigation of fraud and corruption
  • Reporting, confidentiali.ty, communications, record keeping and document control

Benefits of attending – You will be able to

·      Understand forensic auditing and the importance of its role in modern audit

·      Be aware of the potential risks of fraud and corruption

·      Incorporate forensic auditing into Audit Plans

·      Use forensic audit techniques and manage a major investigation

·      Develop an approach to countering fraud risks and help develop a set of internal controls

·      Be aware of the need to allocate responsibility for propriety within a complex organisation

·      Compile an evidence-based report of findings and taking appropriate acti.on

Course Content:

Session 1

·      Forensic Audit:

·      Why, where and when this is required?

·      Difference between financial audit and Forensic Audit.

·      Emerging Risks and Challenges

Session 2

·      Forensic Audit:

·      Why, where and when this is required?

·      Difference between financial audit and Forensic Audit.

·      Emerging Risks and Challenges

Session 3

·      Fraud and beyond

·      Emerging risks and challenges

·      Decoding the implications

·      Building robust whistle blowing mechanism

Session 4

·      Corporate Governance

·      Case studies

·      Forensic – Outlook

·      Q & A