Fraud Risk Management & Governance

Over the years, the world has witnessed numerous corporate scandals and white-collar crime by people at the top. This has been a collaborative activity, rather than an individual effort, and is a serious, costly, and growing epidemic for business and government and in particular for shareholders, and therefore call for serious financial diligence - disrupting the silos of misconduct to foster real world change for stakeholders’ interests at large. In our modern-day-risk landscape, companies must navigate uncertainties in the internal and external environment. Though no company likes the possibility of bad actors committing fraud, external and internal risks of fraud remains a pressing-and costly-concern. According to the Association of Certified Fraud Examiners’ (ACFE) 2020 Global Fraud Study, organisations lose an average of 5% of revenue to fraud each year. Fraud risk management, simply put, is the process of assessing fraud risks within your organization and then developing an anti-fraud program that stops any fraudulent activity before it happens. It involves identifying potential and inherent fraud risks and developing a program that works to detect and prevent suspected fraud, both internal and external to the business. Having a reputation for integrity is crucial to safeguarding market confidence and public trust. If there is no fraud risk management strategy in place, fraud has the potential to grow like a virus, destroying the health of businesses and causing greater and greater losses. The present program brings extensive real-world experience with fraud analytics capabilities to examine the "financial hazards," how they inevitably result in financial and corporate blowups and what lessons we can draw from blowups such as those of Enron, WorldCom, Satyam Computers, Kingfisher Airlines, Lehman Brothers, and the recent IL&FS, and DHFL for understanding the health of the organisation in a more focused and targeted approach.

Contents

• Fraud Risk Assessment - The Domino Effect!
– Rotten Apple Foundation
– Fraud Triangle: The Motivation
• Fraud Detection & Prevention
– Financial Statements’ Fraud
– Fraud Analytics & Modelling
• Fraud Risk Governance
– Corporate Governance System
– Board Mechanism & Simulation
• Fraud Resistance System
– Designing the Management Compensation
– Governance Metrics for “SWM"

For Whom

Managers at middle level who need to have an exposure to finance. Past programmes have been attended by the professionals in corporate planning, manufacturing, marketing and sales, HRD and finance too.

Venue & Duration

The programme is scheduled during September 23-25, 2024 on a residential basis at MDI Gurgaon Campus, Mehrauli Road, Sukhrali, Gurugram. Accommodation for participants would be available at MDI Gurgaon Campus from the noon of September 22, 2024, to the forenoon of September 26, 2024.

Registration & Fees

Participants should be nominated by their organizations. The enclosed nomination form should be completed and returned with all the details. The fee of the program is Rs. 42,500/- (Rupees Forty Two Thousand Five Hundred only) per participant which includes a professional fee and all charges for boarding, lodging and supply of course materials during the programme. GST as applicable will be charged extra in addition to the programme fee. Payment should be made by Cheque/NEFT/RTGS.

Discount Policy
With a view to our long-term relationship with your esteemed organization, we are pleased to introduce the discount policy in a particular
programme. The discount will be observed in the following conditions: (discount applicable in NEPAL also)
• 10% Discount against 3-5 nominations
• 20% Discount against more than 5 nominations

Important Dates

The last date for receipt of nominations is September 11, 2024. The last date for withdrawal of nominations is September 13, 2024. Any withdrawal received after this date will be subject to deduction as per the Institute’s rules. However, substitution may be permitted. Nominating organizations are advised to await confirmation of acceptance of nominations(s) before sending the participants to the programme venue.

For enquiry, please contact at [email protected] or +91-124-4560008.