Corporate Fraud Control Conclave

Corporate Fraud Control Conclave


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About The Event


Today India has clearly become the epicenter of the global business geography and the most attractive business destination for both and foreign and domestic companies.  Such heavy investor attraction and influx of money in the system has also led to compounded fraudulent activities in and around the system.  Also the development technology has further provided newer methods and mechanisms of fraud. Today the gamut of corporate frauds has spread manifold wings like cybercrime, Intellectual property theft; counterfeiting & piracy, accounting fraud, bribery and identity theft.


In the recent past, India Inc has witnessed some big time corporate frauds like the Satyam scandal, NSEL scam and the Saradha Chit Fund scam. These frauds have shocked the business world and shook the investor confidence harming the business sentiment in a very rough way. Off late, regulatory authorities have started taking very stringent actions against such fraudulent activities and one such step was the adopting the New Companies Act 2013. Having said so, fraud can’t be eliminated to a zero level in any entity or a system. Virtually every entity suffers from fraud, though management may or mayn’t be aware of it. With fraud costing entities an estimated 5 percent of their annual revenues, organizations lacking proactive fraud prevention measures are the most at risk.


Astrazure’s one-day, instructor-led Corporate Fraud control workshop will help with relevant insights on  you why frauds happen and how one can be ineffective in creating a culture and mechanism for preventing and  combating frauds more effectively and economically.


Benefits of attending:

  1. Gain insights on changing financial and cyber trends in the spectrum of corporate frauds
  2. Learn about regulatory and legislative landscape of corporate frauds
  3. Understand how to build and  effective internal control system to detect and prevent fraud
  4. Learn how to create an anti corruption corporate culture
  5. Learn how to conduct and effective fraud risk investigation
  6. Interact with industry best consultants on various contemporary fraud detection methods like digital forensics and data analytics



Session 1: Understanding the genesis of Corporate Frauds

  1. Why does fraud happen
  2. Business consequences or risks of a fraud
  3. Emerging risk trends in the spectrum of corporate frauds

Effective Corporate Fraud Investigation

  1. Understanding the issues and the investigation objectives
  2. Tools that should be used for effective investigation
  3. Identifying the red flags and interpreting them
  4. Working with management, legal and compliance teams
  5. Documentation and evidence gathering
  6. Presentation of findings and preparing for litigation


 Role of Internal Audit in Fraud Risk Management


Session 2: Setting up an internal control system to establish and manage Fraud Prevention

  1. Corporate Policy with Fraud definitions, pattern and causes
  2. Integrating risk management and internal audit to identify risk gaps
  3. Warning signs – Fraud prevention measures
  4. Whistle Blowing - Developing an anti-fraud culture
  5. Responding to fraud – Incident reporting and escalation procedures
  6. Corporate governance and Role of auditors


Session 3: Legislative Landscape:

  1. Companies Act 2013
  2. SEBI Clause 49
  3. Prevention of Corruption Act, 1988
  4. Prevention of Money Laundering Act, 2002
  5. Whistle Blower Bill, 2011
  6. International Anti corruption laws
       -  US FCPA
       -  UK Bribery Act



Session 4: Digital forensics and data analytics for detecting and preventing fraud

  1. IT and digital tools for detection, prevention and investigation of Frauds
  2. Data analytics to detect fraud patterns and irregular transactions/ schemes
  3. Establishing an early warning system to predict potential frauds using modern day technology



  1. Sumit Makhija - Senior Director, Deloitte Touche Tohmatsu India Private Limited

  2. Vineet Mehta – Director Fraud Investigation & Dispute Services, Ernst & Young  India

  3. Gagan Palta - Country Compliance Officer - India & South Asia, Alstom

  4. Ruchi Mahajan – Partner, Amarchand & Mangaldas & Suresh A. Shroff & Co.                                                                                                                               


For more information please contact Biplab Sengupta on  8130826342 / Aneesh Garg on 9871919293 or write us at