head- internal controls, india & south west asia … · head- internal controls, india &...
TRANSCRIPT
India Habitat Center New Delhi
12th Jan 2017
Rajiv Gupta.
CA, CFE, CISA, DISA, CCSA
Head- Internal Controls, India & South West Asia
Hindustan Coca-Cola Beverages P. Ltd.
Skype: rajiv.gupta.tccc
Can your steal
computer files???
Introduction- Why are we here?
Five case studies and take away on:
Asset tracing,
Misappropriation,
Waste and embezzlement
Is this related to human psychology?
Fraud Triangle: The unexplored side of it!
Red Flags and a special one…
What we will discuss?
Why are we here?
A finance professional or consultant without reasonable knowledge of Information Systems (IT) and Forensic Accounting will…
Why are we here?
Classified - Internal use
Initial Detection of Fraud
Source: ACFE’s Report to the Nation
Case Study-1
This Unbelievably Simple Scam Cost The ONGC ₹ 197 Crores!
Intentionally left blank
Case Study- 2
ATM Fraud in Pakistan…And How a CA could have prevented the same!
Case Study-3
Just Desserts
Sandy and his wife, Kay, in a photo posted on Facebook, flying on a private jet.
Intentionally left blank
Just Desserts
Case Study-4
Irregularities in purchase of an industry-specific high value assets
Situation: Winning quotation lower by 30%.
Authorized dealer of 8 brands (including 2 of USA).
Two mobile numbers on letter head.
Case Study-5
Classified - Internal use
Irregularities in purchase of Fixed Assets
Intentionally left blank
Is this related to human psychology?
Fraud Triangle:
The unexplored side of it!
Fraud Triangle
Red Flags
A red flag is a set of circumstances that are unusual in nature or vary
from the normal activity.
It is a signal that something is out of the ordinary and may need to be investigated further.
Red Flags- defined
Red Flags- a special one…
Rajiv Gupta.
CA, CFE, CISA, DISA, CCSA
Head- Internal Controls, India & South West Asia
Hindustan Coca-Cola Beverages P. Ltd.
Skype: rajiv.gupta.tccc