Forensic Accounting & Auditing Forum

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Every day there seems to be another major headline about
fraudulent schemes, scandals, litigation and corporate turmoil. As a
result, there’s never been a bigger demand for forensic accounting
professionals. Financial discrepancies and financial fraud have serious
implication and not to be taken lightly. When you want to know why
your numbers don’t match, it’s time for an in depth forensic investigation.

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Forensic Accounting & Auditing Forum

  1. 1. FORENSICACCOUNTING & AUDITING FORUM Industry Experts 8th & 9th September 2011 Hotel Novotel - Juhu, Mumbai, India. Suresh Kumar S - Asst. VP & Head-Internal Audit & Fraud Control Unit Cholamandalam Investment & Finance Company Ltd. Vidya Rajarao - Leader, Forensic Services PricewaterhouseCoopers Private Limited Adarsh Sakhuja - Head Corporate Risk Management & Internal Controls Larsen & Toubro Limited Darshan Patel - Associate Director, Forensic Services PricewaterhouseCoopers Private Limited G D Balasubramaniam - Director-Internal Audit & Fraud Risk Fullerton India Credit Co. Ltd. Navin Goyal - Senior Manager, Forensic Services PricewaterhouseCoopers Private Limited Rajeev Mukundan - General Counsel & Chief Compliance Officer Matrix Laboratories Ltd. Sanjay Mathur - Head-Management Assurance Group TATA Communications Ltd. Anujeet Kudva - Senior Manager, Forensic Services PricewaterhouseCoopers Private Limited Nikhil A Parulkar - Head Risk Containment Unit Kotak Mahindra Bank Irfan Ahmed - General Manager Legal & Compliance Matrix Laboratories Limited Atul Kumar - Deputy General Manager (Vigilance) State Bank of India Pradeep Kumar - Head - RCU & Compliance TATA Motors Finance Debolina Partap - Associate VP & Legal Head Wockhardt Ltd.OVERVIEW Abhijit Sanzgiri - VP-Internal Audit Aditya Birla Financial Services GroupEvery day there seems to be another major headline aboutfraudulent schemes, scandals, litigation and corporate turmoil. As a Mayur Joshi - Founder India Forensicresult, there’s never been a bigger demand for forensic accountingprofessionals. Financial discrepancies and financial fraud have serious Parsuram V V - VP Corporate Finance Dr. Reddys Laboratories Ltd.implication and not to be taken lightly. When you want to know whyyour numbers don’t match, it’s time for an in depth forensic investigation. Mahabalesh B K - EVP Internal Audit GMR Group Knowledge Partner Gyan Barah - Head Investigations ICICI Bank Limited Haresh Dua - VP - Internal Audit JSW Steel Ltd. Kumar Sambasivan - VP Legal Suzlon Energy Ltd.
  2. 2. FORENSIC ACCOUNTING& AUDITING FORUM th th 8 & 9 September 2011, Hotel Novotel, Juhu Mumbai, India. DAY ONE08.30: Registration and Breakfast 14.00: Best Practices in setting up a Forensic & Fraud Risk Team in your organization09.30: The rising Popularity & Statistics of Forensic Accounting Today, corporations are facing unprecedented scrutiny from The popularity of forensic accounting & the demand for forensic internal and external parties. Financial, accounting & fraud accountants has increased considerably in the past few years. investigations, business disputes & regulatory probes have This is due, in part, to the increase in corrupt business practices & become increasingly burdensome and complicated, often crimes such as financial fraud. impacting business operations locally & internationally. This session will discuss about the process of setting up a forensic Mayur Joshi - Founder and fraud risk team. India Forensic Nikhil A Paurlkar - Head Risk Containment Unit10.30: Whistle blowing in India and the need for whistle blower Kotak Mahindra Bank protection 14.45: Identifying Financial Statement Frauds In trying to protect whistle blowers, we are actually trying to Financial statement fraud is the most costly type of fraud protect ourselves. Many employees may be afraid to speak out committed at companies. This session will focus on identifying even with the legal protection, but its very existence will deter the most common ways financial statements are fraudulently government & corporate wrongdoings to a considerable extent. manipulated and understand why traditional independent Anujeet Kudva - Senior Manager, Forensic Services audits fail to detect fraud most of time. PricewaterhouseCoopers Private Limited Atul Kumar - Deputy General Manager (Vigilance) State Bank of India11.15: Morning Refreshment & Networking break 15.30: Afternoon Refreshments11.45: Forensic Accounting, is it necessary to provide an edge to Internal Audit? 16.00: Avoiding Common internal and external fraud pitfalls impacting on your organization Panel Moderator: Understanding, implementing and maintaining effective Panel Discussion Vidya Rajarao - Leader, Forensic Services internal controls will reduce organizational risk. Every year Panel Discussion PricewaterhouseCoopers Private Limited weak internal controls lead to opportunities for people to exploit Panel Speakers: which is increasingly costing organization millions of dollars, Haresh Dua - VP - Internal Audit even non-profit organizations are not spared. Jindal Steel Ltd. Panel Speakers: Mahabalesh B K - EVP Internal Audit Abhijit Sanzgiri - VP - Internal Audit GMR Group Aditya Birla Financial Services Group Parsuram V V - VP Corporate Finance Adarsh Sakhuja - Head Corporate Risk Management & Dr. Reddys Laboratories Ltd. Internal Controls Larsen & Toubro Limited12.30: White collar crimes - How you can recognize & investigate Sanjay Mathur - Head-Management Assurance Group this common phenomenon TATA Communications Ltd. Panel Moderator: Panel Discussion Kumar Sambasivan - VP Legal 16.45: Closing remarks and End of DAY ONE Suzlon Energy Ltd. Add to your forensic knowledge with this two-day conference on; Panel Speakers: Ÿ Statistics on Forensic Accounting Debolina Partap - Associate VP & Legal Head Ÿ Identifying Financial Statement Frauds Wockhardt Ltd. Ÿ Computer forensics can help ensure the overall integrity & security Nikhil A Parulkar - Head Risk Containment Unit of your network infrastructure Kotak Mahindra Bank Ÿ Best practices in Fraud & Forensic Accounting Rajeev Mukundan - General Counsel & Chief Compliance Ÿ Money Laundering-How you can recognize & investigate this Officer common phenomenon Matrix Laboratories Ltd.13.15: Networking Lunch To Register - Call: +91 22 2830 4000 | Fax: +91 22 2830 4085 Email: sales@ybsglobal.com | Website: www.ybsglobal.com
  3. 3. FORENSIC ACCOUNTING& AUDITING FORUM th th 8 & 9 September 2011, Hotel Novotel, Juhu Mumbai, India. DAY TWO08.30: Registration and Breakfast 13.00: Networking Lunch Break09.30: Handling investigation by using computer forensic techniques (Reserved for Sponsor) 13.45: What happens when the damage is done? (Panel Discussion) Computer forensics is the application of computer investigation analysis techniques to determine potential legal evidence. Since Panel Speakers: computers are vulnerable to attack by some criminals, computer forensic procedures & techniques will help to capture vital information which can be used to prosecute an intruder that 14.30: Closing remarks & End of Day Two compromises a computer or network. PARTICIPANTS PROFILE:10.15: Best Practices in Fraud Control & Forensic Accounting CFO’s, Directors, Head’s, Presidents, VP’s, Chief Risk This session will discuss best practices for providing expert Officers, GM’s and Senior Managers. testimony determining economic damages and applying financialPanel Discussion forensic techniques. DEPARTMENTS: Panel Moderator: Finance, Internal Audit, Compliance, Fraud, Risk, Legal and Accounts G D Balasubramaniam - Director - Internal Audit & Fraud Risk INDUSTRY: Fullerton India Credit Co. Ltd. BFSI, FMCG, Retail, Manufacturing, Oil & Gas, IT, Power & Panel Speakers: Energy, ITES, Pharmaceuticals, Steel & Mining, Large & Medium size Law firms, Media & Entertainment and Suresh Kumar S - Asst. VP & Head-Internal Audit & Fraud Control Unit Automotive Cholamandalam Investment & Finance Company Ltd. Atul Kumar - Deputy General Manager (Vigilance) *The conference agenda is indicative in nature and is subject to State Bank of India changes based on the speaker’s expertise. Conference Pradeep Kumar - Head - RCU & Compliance speakers may be subject to change based on their availability TATA Motors Finance on the date of the conference11.00: Morning Refreshment & Networking break *- Awaiting formal confirmation from the speaker11.30: Role of Forensic Accountant in the Arbitration process Forensic accountants can assist throughout the arbitration process. They can assist you by advising you on what documentation you should obtain. They normally are used as experts in accounting related matters that are necessary in support of your claim. Darshan Patel - Associate Director, Forensic Service PricewaterhouseCoopers Private Limited12.15: Investigative Interviewing in Forensic Accounting This session will talk about the role & importance of interviewsPanel Discussion and communication during financial investigations. Panel Moderator: Navin Goyal - Senior Manager, Forensic Services PricewaterhouseCoopers Private Limited Panel Speakers: Gyan Barah - Head Investigations ICICI Bank Limited Irfan Ahmed - General Manager Legal & Compliance Matrix Laboratories Limited To Register - Call: +91 22 2830 4000 | Fax: +91 22 2830 4085 Email: sales@ybsglobal.com | Website: www.ybsglobal.com
  4. 4. KNOWLEDGE PARTNER: PricewaterhouseCoopers (PwC) - Forensics provides a national and global network of analysts, actuaries, accountants, fraud examiners, and others who are leaders in their respective fields, offering a wide variety of skills to address the issues affecting parties involved in disputes. PwC works in partnership with clients to implement fraud control methodologies, assist when incident occur and to help with strategies and practices to reduce the risk of falling victim to fraud.PwC works discreetly & uses a range of different skills to assist its clients with their needs. This approach includes the use ofexperienced investigators, forensic accountants, computer forensic specialists and background researchers.PwC team combines proven evidence gathering skills with control methodologies to produce effective results for its clients. It offerscomplete computer forensic service through its in house team of trained specialists. In addition to this they also test and advise on arange of technical IT security issues.PwC Forensic Services also works collaboratively with PwC Internal Audit Services to enhance value for its clients. Together, theybring the deepest & most advanced knowledge of business risks, internal controls & internal audit, along with subject matterspecialists who provide a perspective on industry specific risks and business practices.SPEAKER PROFILE: Vidya is an Executive Director & leads the Forensic Services practice at PricewaterhouseCoopers Private Limited in India. She specializes in large, multinational, complex litigation & investigation assignments including internal investigations, forensic accounting investigations, FCPA investigations as well as arbitrations & resolution of post - acquisition purchase price disputes. She has significant experience of over 16 years in leading numerous forensic accounting assignments & fraud investigations requiring the reconstruction of complex financial records as well as regulatory proceeding matters involving SEC investigations & NASD self-assessments. She is a Certified Fraud Examiner and Chartered Accountant. She has also authored several articles and publications. Debolina Partap is the Associate VP and Head Legal for the Wockhardt Group in India. Wockhardt is the India’s largest pharmaceutical, biotech and healthcare provider, all combined. In her current assignment, Debolina is responsible for driving the legal corporate governance and compliance system in Wockhardt Group across geographical locations in India and Strengthening the International Presence. Debolina has been in the legal compliance system, legal solutions management and brands safety & development. Debolina is a Gold Medalist in LLM from Mumbai University. She is an active member of the OPPI & CII (Pharma Unit) & a speaker in various forums. Debolina is a member of the Legal committee of the OPPI. Parsuram heads the Corporate Finance function at Dr. Reddy’s with global responsibility for Reporting, Analytics, Taxation & S-OX. He is also responsible for the Group reporting under IFRS and IGAAP. Prior to this he was head of the global Compliance Officer (under the Ombudsman Process). He worked in Chemplast Sanmar, Rashtriya Chemicals & Fertilizers Limited & Tecumseh Products India Limited before joining Dr. Reddy’s in Dec 2000. He is a Chartered & Cost Accountant with Post Graduate diploma in System Management & has over 23 yrs of experience. Navin Goyal is a Senior manager in the Forensics practice in the Mumbai office of PricewaterhouseCoopers Private Limited. Navin has extensive experience in fraud detection and investigation, due diligence reviews and litigation consulting engagements. He is an ex-officer of the Central Bureau of Investigation (CBI), with 13 years of experience in the areas of anti-corruption & anti-bribery review and investigations for a wide spectrum of spectrum of organizations including the Federal Government of India & the Corporate sector. He has also conducted several anti-corruption training to large multi-nationals in India. navin is an associate member of the Institute of Cost and Works Accountants of India and the Association of Certified Fraud Examiners, USA. Abhijit Sanzgiri is a Vice President and Head of internal audit at Aditya Birla Financial Services Group - Chartered Accountant and Law Graduate having more than 20 years post qualification experience.
  5. 5. SPEAKER PROFILE: Nikhil Parulkar comes with a 9+ years experience in Banking & Management Consulting. He holds a Masters degree in Forensic Accounting from University of Wollongong, New South Wales, Australia & Bachelor of Arts in Economics/Commerce from University of Mumbai, India. He has worked in TCS Serve (formerly known a Citigroup Global Services), ICICI Bank Ltd & led several investigations is banking sector specializing in retail assets and liabilities & currently handling the Wholesale Banking portfolio as Head-Risk Containment Unit at Kotak Mahindra Bank Ltd. He is a Certified Fraud Examiner from Association of Certified Fraud Examiners, USA & Certified Anti-Money Laundering Expert from India forensic Research Foundation, Pune. He also holds Advance Diploma in Cyber Laws from Asian School of Cyber Laws, Pune. Darshan is an Associate Director in the Forensic Services Practice of PricewaterhouseCoopers Private Limited. He has substantial investigative experience, having spent 8+ years in the forensics practice in New York. He specializes in large, multinational, complex litigation & investigation assignments. Darshan specializes in large, multinational, complex litigation & investigation assignments including internal investigations, forensic accounting investigations, FCPA investigations, arbitrations. Darshan has previously worked in PwC’s audit practice serving Indian & U.S. clients. As part of the Forensics practice and due to his familiarity with U.S. & Indian GAAP, Darshan assists assurance teams on high risk clients of the organization. Darshan is a member of the Institute of Chartered Accountants of India. Rajeev has over 15 years of legal experience. He is a part of the team and is responsible for all corporate legal, company secretarial, and compliance related affairs of all group companies of Matrix. He is admitted as Barrister and Solicitor in New Zealand. He is a member of the Society of Corporate Compliance and Ethics & is a certified Compliance and Ethics Professional. Anujeet is a Senior Manager in the Forensic Services practice of PricewaterhouseCoopers Private Limited. He has over 6 years of post qualification experience and specializes in conducting internal audit reviews, forensic & fraud investigations, FCPA reviews, arbitration assignments & establishing compliance & governance frameworks. His industry experiences include telecommunications, IT, financial services and manufacturing. He brings with him significant experience in conducting several controls and compliance reviews, Sarbanes Oxley (SOX) deployment and testing & development of revenue assurance and fraud management system with telecom sector clients. He is an Associate Member of the Institute of Chartered Accountants of India & Association of Certified Fraud Examiners, USA. An MBA from Faculty of Management Studies, Delhi & BE (Mechanical) from Delhi College of Engineering, Adarsh Sakhuja has been working with L&T for last 37years. He was instrumental to create a structure & processes of risk management in the company and presently as Head-Corporate Risk Management & Internal Control is now responsible to oversee the assessment & Management of risks in EPC & BOT Projects, Formulate Polices on Internal Control & Report to the Audit Committee of the Board. Earlier as Zonal Head-Internal Audit he brought in many changes to make internal audit as a value-adding function of L&T. He has a long experience in Sales & Marketing of various L&T Products in various locations across the country. Haresh is qualified Chartered Accountant of 1992 batch. He is also qualified in CIA (Certified Internal Auditor), CISA (Certified Information System Auditor), CISSP (Certified Information System Security Professional). He has post qualification experience of more than 19 years. Out of this, 18 years in Internal Audit. After qualification, he has worked with companies like Batliboi Ltd. (1 year), Blue Star Ltd (1 year), Godrej Group (11 years), Future Group (2 years), & now working with JSW Steel Ltd. Since May 2008 as a VP (Internal Audit & Compliance), & also heads the Internal Audit department & looks after internal audit of JSW group. JSW group is having various business like Steel, Power, Cement, Port & Aluminum. It has annual turnover of Rs. 30,000 crores. His experience includes: Implementation of Clause 49, i.e. implementation of Enterprise Risk Management Framework & Internal Control Framework.
  6. 6. SPEAKER PROFILE: Mayur S. Joshi is a founder of India forensic & Principal Consultant of Riskpro Management Consulting Pvt. Ltd a Pune- based forensic accounting firm which is the only firm recognized by Home ministry of Maharashtra to conduct forensic accounting assignments for Law enforcement agencies. Riskpro typically handles the Ponzi or Pyramid schemes where thousands of investors lose money. He has more than 10 years of experience in fraud investigation, prevention & Detection. mayur is the first Indian to bag the international award from Association of Certified Fraud Examiners. Mayur was a key player in the investigation conducted by CID of Andhra Pradesh Police to unearth the accounting aspect of the India’s biggest accounting fraud. Kumar is a Law Graduate from Madras University and has over 20 years of experience spanning various aspects of legal functions. Kumar started his career as an Advocate in the Office of AC Muthanna, Senior Counsel at Madras High Court and after two years of practice he joined TTK Group. After nine years he left TTK as a Dy General Manager and went on to work with the GMR Group. He has subsequently worked with HCL Technologies and Punj Lloyd and prior to joining Suzlon he was with Essar Group, Mumbai. Kumar’s strength include Project Contracting, M&A, Compliance, Claims & Dispute management and business collaborations. G. D. Balasubramaniam is currently a Director-Internal Audit & Fraud Risk at Fullerton India Credit Company Limited. Over 18 plus years of experience in Banking-Retail Finance Industry. Over 10 years plus years of specialization in Fraud Risk Management (Cards & Retail, Liabilities, Rural & Agri Business, SME). Expertise in Recovery-Operations-Internal Audit-Policy & Credit Underwriting. Have been with the best leading banks in India. A Start up specialist, have worked with key retail start up initiatives in the Indian Banking Sector, HDFC, ICICI & now Fullerton. G. D. B is a professional trainer who regularly presents on Fraud Risk Management issues in various seminars in India & outside India. Integrated Risk-Specialist & C F E (Certified Fraud Examiner). He has also worked as VP-Fraud Risk Management at Citibank N A, National Manager Risk Containment Unit at ICICI Bank, Senior Manager - Credit & Receivables at HDFC BANK LTD, Manager at Ashok Leyland Finance Ltd. Atul Kumar is a Top Grade Executive and Deputy General Manager (Vigilance) at corporate center of State Bank of India, having more than 25 years of wide, cross vertical hands on experience in different banking areas like corporate finance, retail credit, forex, treasury, risk management, regulatory compliance, fraud control, vigilance administration as well as the branch operations. Prior to the current assignment in vigilance set up, he was a Director (Forex, Treasury and Technology) in Bank Indomonex at Jakarta in Indonesia.

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