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ATTEND THIS SEMINAR TO: Discover the Real Insights of Financial Crimes, The

Vulnerable Areas and the Modus Operandi of the Crime

Learn How To Design and Implement A Forecasting Program That Will Better Serve Your Customer!

In Association With:

Researched & Developed By:

- ADVANCED EXECUTIVE EDUCATION -

Preventing Financial Fraud Thru’...


T e l : 6 0 3 9 2 0 6 5 8 0 0 F a x : 6 0 3 9 2 0 0 7 9 4 6 E m a i l : i b n @ i n t e l - b i z n e t . c o m

Institute of Forensic Accounting and Investigative Audit

24 24 -- 25 MAY 2010 . CROWNE PLAZA, JAKARTA

25 MAY 2010 . CROWNE PLAZA, JAKARTA

“66% of the executives reported that inadequate internal controls “66% of the executives reported that inadequate internal controls or compliance programs at their organizations enable fraud and or compliance programs at their organizations enable fraud and misconduct to go unchecked, and they identified the following misconduct to go unchecked, and they identified the following areas in need of the most improvements in antifraud efforts: areas in need of the most improvements in antifraud efforts: employee communication and training (67%), technologyemployee communication and training (67%), technology--driven driven continuous auditing and monitoring techniques (65%) and fraud continuous auditing and monitoring techniques (65%) and fraud and misconduct risk assessment (60%).” and misconduct risk assessment (60%).”

- Fraud Survey 2009, KPMG

“The global financial “The global financial services industry saw a services industry saw a

dramatic spike in fraud activity dramatic spike in fraud activity with companies losing an averagewith companies losing an average

of $15.2 million over the past three years. of $15.2 million over the past three years. Despite sectorDespite sector--specific spikes and declines in specific spikes and declines in

fraud activity, the worldwide fraud rate remained fraud activity, the worldwide fraud rate remained steady in 2009. Companies lost an average steady in 2009. Companies lost an average

$8.8 million to fraud over the past three $8.8 million to fraud over the past three years, an increase of 7% over last years, an increase of 7% over last

year’s figure which stood at year’s figure which stood at $8.2 million.” $8.2 million.”

The world has witnessed internationally-recognised financial institutions collapsing solely due to FRAUD. Today’s corporate institutions admit that FRAUDFRAUDFRAUD remains one of the most problematic issues that had impacted their operations, affected both the organisation and individual involved.

Amongst the most notable corporate malfeasances in fraud are... Société Générale Société Générale -- Lehman Brothers Lehman Brothers -- Parmalat Parmalat -- Royal Dutch Shell Royal Dutch Shell -- BaringsBarings Sumitomo Mitsui Sumitomo Mitsui -- National Bank of Australia National Bank of Australia -- HSBC HSBC -- Daiwa Bank Daiwa Bank -- American AirlinesAmerican Airlines

The optimism that economy would bounce back in 2010 would not stop fraudulent behaviour from thriving. While the financial world struggled to digest revelations of the US$65 billion “Ponzi” scam by Bernard Madoff and the US$1.5 billion fraud in Satyam, The Global Economic Crime Survey 2009 by PricewaterhouseCoopers revealed…

62% of respondents reported that their organisations had suffered a decline in revenue during the last 12 months 30% reported having experienced at least one incident of fraud in the last 12 months 40% of all respondents saying that the risk of economic crime had risen due to the recession

This has resulted in collateral damages that have impacted in… Employee Morale (32%), Business Relations (23%), Organisations Reputation/Brand (19%),

Relations with Regulators (16%), Share Prices (6%) and Other damages (4%)

WORSEWORSE SHOCKSSHOCKS COULDCOULD BEBE ININ QUEUEQUEUE... ...

MISAPPROPRIATION OF ASSETS . MISAPPROPRIATION OF ASSETS . TRADEMARK COUNTERFEITING . IP INFRINGEMENT TRADEMARK COUNTERFEITING . IP INFRINGEMENT TAX & ACCOUNTING FRAUD . FINANCIAL MISMANAGEMENT . MONEY LAUNDERINGTAX & ACCOUNTING FRAUD . FINANCIAL MISMANAGEMENT . MONEY LAUNDERING

ILLEGAL INSIDER TRADING . BRIBERY & CORRUPTIONSILLEGAL INSIDER TRADING . BRIBERY & CORRUPTIONS

FINANCIAL CRIMES...FINANCIAL CRIMES...FINANCIAL CRIMES... --- The massive ‘black hole’ in many corporate institutions...The massive ‘black hole’ in many corporate institutions...The massive ‘black hole’ in many corporate institutions...

Without proactive deterrence, its power to cripple any organisation could be Without proactive deterrence, its power to cripple any organisation could be Without proactive deterrence, its power to cripple any organisation could be LETHALLETHALLETHAL!!! !!! !!! ---

As deteriorating economic conditions produce a marked rise in white collar crime, beating these economic crimes are of the essence as failure to do so could anticipate damaging corporate reputation and inevitably lead to direct financial losses, which consequently decrease the shareholder value of an organisation.

Effective systems of internal control could be achieved with the support of senior management at all levels. In order to combat financial crimes, clearly defined financial procedures and implementations would assist organisation to manage fraud risk. Challenged with the responsibility and the trust of stake holders and investors to detect and investigate fraud and other financial reporting misstatements, financial professionals are increasingly being pushed to be more EFFICIENTEFFICIENTEFFICIENT and PROPROPRO---ACTIVEACTIVEACTIVE.

This masterclass will provide you with the tools to tackle and build a solid foundation in financial crime risk PREVENTIONPREVENTION, DETECTIONDETECTION, and DETERRENCEDETERRENCE. Vinod Khurana, President of IFAIA and renowned authority backed with over three decades of practical experience, will work with you towards attaining the skill sets required to detect fraud in an organisation.

- 2009/2010 Annual Edition, Kroll’s Global Fraud Report

BE AWARE BE AWARE of regulatory guidelines and legal acts or laws relevant for the prosecution of fraudsters and wrong-doers

CONDUCTCONDUCT in-depth interviews of internal and external gaps in organisational processes and susceptibilities and close these

gaps in order to limit fraud possibilities

RECOGNISERECOGNISE the warning signals and tell-tale signs of frauds in financial institutions operations environment

CREATECREATE a responsive, learning organisation as well as develop diagnostic and early warning systems to combat fraudulent act

GETGET expert insights of latest developments in fraud and how anti-fraud efforts are evolving to keep pace

LEARNLEARN how to staff and manage a dependable forensic audit team

GAINGAIN expertise in forensic interviewing and evidence documentation and protection

IDENTIFYIDENTIFY the weak link in your current anti-fraud management plan and improvise it

MASTERMASTER every step of internal fraud investigation - from uncovering the first questionable activity or receiving

an initial allegation, to testifying as a witness

EXAMINEEXAMINE ‘Live Cases’ of forensic auditors in handling fraud and risk management

IS YOUR FRAUD RISK STRATEGY CONSTANTLY UPIS YOUR FRAUD RISK STRATEGY CONSTANTLY UP--TOTO--DATE?DATE?

COMPELLING REASONS TO ATTEND THIS POWERFUL WORKSHOP!



MMMODULE 1ODULE 1ODULE 1 FINANCIAL FRAUDS & WHITEFINANCIAL FRAUDS & WHITEFINANCIAL FRAUDS & WHITE---COLLAR CRIMES COLLAR CRIMES COLLAR CRIMES --- THE GROUND REALITITHE GROUND REALITITHE GROUND REALITIESESES Why Corporate Frauds Are Growing? What Types Of Frauds Are Growing? Factors Which Promote Fraud Computerisation/ERP As An Aid To Fraud & Critical Area That

Needs Control Often Observed Weak Areas In Accounting Practices Which

Promote Fraud Importance Of Forensic Audit And Data Mining Tools To Control

The Growing Menace MODULE 2 FRAUD RISK MANAGEMENT AT ALL INDUSTRIES MODULE 2 FRAUD RISK MANAGEMENT AT ALL INDUSTRIES MODULE 2 FRAUD RISK MANAGEMENT AT ALL INDUSTRIES AND HOW BEST TO MITIGATE THE RISKAND HOW BEST TO MITIGATE THE RISKAND HOW BEST TO MITIGATE THE RISK What Is Fraud Risk? Present Fraud Risk Scenario At All Industries At Large How To Systematically Structure Fraud Risk How To Scientifically Mitigate Fraud Risk How Does Good Governance Help In Mitigating Fraud Risk

MODULE 3 SHARING OF LIVE CASE STUDIES OTHER THAN MODULE 3 SHARING OF LIVE CASE STUDIES OTHER THAN COMPUTER RELATED FRAUDS COMPUTER RELATED FRAUDS -- DETECTED, INVESTIGATED DETECTED, INVESTIGATED AND PROSECUTED BY THE SPEAKERSAND PROSECUTED BY THE SPEAKERS Case Studies Explaining The ‘Modus Operandi Of Fraud & White-Collar Crime’ Related To;

Misappropriating Banking Operation Fudging Of Bills At Various Levels Contract Fudging And Manoeuvring Theft Of Physical Assets Theft Of Financial Investments Fudging Of Invoices Fund Transfers Theft Of Inventory Through Various Mode Theft Of Intellectual Property Fudging Of Records To Reconcile The Wrongs Done

Highlighting Lead Indicators & Symptoms Which Tracked The Investigator To Sniff Out The Crime

How Did The Forensic Audit Help In Sniffing Out The Crime Lessons That We Learn From The Modus Operandi Of Frauds

MODULE 4 THEFT OF INTELLECTUAL PROPERTY (IP) MODULE 4 THEFT OF INTELLECTUAL PROPERTY (IP) MODULE 4 THEFT OF INTELLECTUAL PROPERTY (IP) WHICH OFTEN GO UNNOTICED AT CORPORATES WHICH OFTEN GO UNNOTICED AT CORPORATES WHICH OFTEN GO UNNOTICED AT CORPORATES AND HOW BEST TO PREVENT ITAND HOW BEST TO PREVENT ITAND HOW BEST TO PREVENT IT What Intellectual Properties Are And How They Are Different

From Physical Properties In Characteristics And Value In Monetary Terms

What Is Intellectual Property Theft?

How Does It Affect The Companies And Their Bottom Line? How Best To Mitigate IP Theft and Protect Corporate

Intellectual Property In Global Scenario

MODULE 5 SHARING OF LIVE CAMODULE 5 SHARING OF LIVE CASE STUDIES ON COMPUTER SE STUDIES ON COMPUTER RELATED FRAUDS, DETERELATED FRAUDS, DETECTED, INVESTIGATED ACTED, INVESTIGATED AND ND PROSECUTED BY THE SPEAKERSPROSECUTED BY THE SPEAKERS Computer Related Frauds Which Were Sniffed Out After The Accounts Books Were Finalised And Audited, Wherein Computers Were Used As A Source To Go Through The Fraud And Playing With Audit Trails. Speakers Shall Cover Case Studies Related To: Inventory Misappropriation - How False Date Is Fed Into

Computer And/Or Altered While In A Computer Through Various Means And False Output Is Generated Through Computer To Reconcile The Records

Changing Employees Salary Records, Invoice Pricing, Sale Summaries And Inventory Records By Fudging Master Files And Audit Trails

How The Transactions Are Modified Where Valid Data Is Massaged To Achieve The Desired Effect

Case Study On Changes In Transaction Files Systems Have Fudge Facility Which Allow Errors To Be

Corrected And There In Lies The Opportunity Case Study On Amending Records And Reconciling Bank Reconciliation And Inventory Misappropriation MODULE 6 DATA MINING AS A TMODULE 6 DATA MINING AS A TMODULE 6 DATA MINING AS A TOOL AND SCIENTIFIC OOL AND SCIENTIFIC OOL AND SCIENTIFIC ANALYSIS MECHANISM TO PREVENT & DETECT FRAUDSANALYSIS MECHANISM TO PREVENT & DETECT FRAUDSANALYSIS MECHANISM TO PREVENT & DETECT FRAUDS Art Of Data Mining - To Look For Missing Links How To Prevent And Detect Frauds And White-Collar Crimes

By Using Data Mining Red Flags, Audit Trail And Art Of Spinning As Early Warnings Scientific Ways Of Fraud Examination Procedure

MODULE 7 HOW DOES FORENSIC AUDIT HELP IN PREVENTION MODULE 7 HOW DOES FORENSIC AUDIT HELP IN PREVENTION MODULE 7 HOW DOES FORENSIC AUDIT HELP IN PREVENTION & DETECTION OF FRAUD?& DETECTION OF FRAUD?& DETECTION OF FRAUD? Exercise Will Be Based On The Financial Statement (Profit & Loss Account, Balance Sheet And Some Other Statements), Which Would Contain Anomalies And Shall Be Handed Over To The Delegates Before The Sessions Begin. The Delegates’ Task Is To Find Out Blunders In The Statements Based On Their Own Experience. The Theme Of The Exercise Is To Investigate The Wrong Doings And How To Detect Frauds & White-Collar Crimes As Part Of Transaction Fraud & Statement Fraud. MODULE 8 HOW TO DESIGN MEANINGFUL CONTROLS MODULE 8 HOW TO DESIGN MEANINGFUL CONTROLS MODULE 8 HOW TO DESIGN MEANINGFUL CONTROLS AND FRAUD RISK MANAGEMENT STRATEGYAND FRAUD RISK MANAGEMENT STRATEGYAND FRAUD RISK MANAGEMENT STRATEGY What Are Meaningful Controls And How Do They Differ From MIS How To Evaluate And Structure Meaningful Controls To Prevent

And Detect Fraud How Forensic Audit Helps In Designing Meaningful Internal

Controls And In Preventing And Detecting Frauds How To Structure And Establish Fraud Risk Management Strategy

HOW THE WORKSHOP WILL BE CONDUCTED

Workshop wi l l be complemented by ac tua l Workshop wi l l be complemented by ac tua l CASE STUDIESCASE STUDIES -- Detected, Investigated & ProsecutedDetected, Investigated & Prosecuted by the speaker himself by the speaker himself -- and and DISCUSSIONSDISCUSSIONS involving involving participant’s actual challenges. All participants will be participant’s actual challenges. All participants will be given copies of booklet prior to the workshop so that given copies of booklet prior to the workshop so that they have better interaction of the fraud in their they have better interaction of the fraud in their surrounding and can immediately apply what they surrounding and can immediately apply what they have learned in their organisations.have learned in their organisations.

HOW THE WORKSHOP WILL BE CONDUCTED

“Reported losses from commercial crime skyrocketed to an astonishing “Reported losses from commercial crime skyrocketed to an astonishing RM 1.3 BILLIONRM 1.3 BILLIONRM 1.3 BILLION last year from RM 845 million in 2008, with last year from RM 845 million in 2008, with GreedGreed and and a a Lack of Common SenseLack of Common Sense cited as the main reasons… Other sectors cited as the main reasons… Other sectors contributing to the losses were cyber crime, misuse of property, contributing to the losses were cyber crime, misuse of property, forgery and counterfeiting of money, including foreign currencies…”forgery and counterfeiting of money, including foreign currencies…” - Abdul Malek Abdul Ghani, Public Relations Officer,

Federal Commercial Crime Investigation Department, New Straits Times, 4th March 2010

Varun Khurana Varun Khurana is a practicing Chartered Accountant and Principal Partner of M/s. Khurana Khurana & Associates,

Chartered Accountants. His area of expertise is Fraud Investigation, Fraud Risk Management and IT Audit. He is associated with

Institute of Forensic Accounting & Investigative Audit for more than 8 years and presently is the Secretary General of the Institute.

Varun is a lead member of Fraud Investigation team, a core team member of System Evaluation and has closely associated with

more than 50 system evaluations assignments undertaken by Institute of Forensic Accounting & Investigative Audit for various

large Industrial Houses. During his system evaluation, with his expertise in investigative skill and strong technical qualifications on

various ERPs, he has detected frauds at various establishments. This include companies which rank in Top 10 Multinationals in

India. Varun is an avid learner and keen author in his area of expertise. His articles on varied Financial Risk Management issues are published in

various magazines, including Accounting World. His professional qualifications include ACA, AICWA, ISA (ICAI), CISA, ISMS LA (ISO 27001)

Audit and LL.B.

Vinod Khurana Vinod Khurana Vinod Khurana a corporate adviser, trainer and Forensic and Investigative Audit specialist, has been in the field of Finance and Forensic Accounting for the last 36 years. In the early years of his career, he has held senior positions in the Government and Corporate Sector, heading the Accounts, Finance, Inspection, Audit and Investigation teams. Vinod started his practice in Forensic Accounting and Investigative Audit in the late nineties.

He is the Founder/President of the Institute of Forensic Accounting and Investigative Audit India, Executive Director of the Institute of Intellectual Property Research and Development and a Senior Partner in Khurana & Khurana, a leading Law Firm specialising in Intellectual Property. Vinod has been researching and educating on fighting white-collar crimes, by practicing a unique mix of Accounting, Law, Intellectual Property, Computerisation, Ethics and Criminology coupled with his professional qualification; B.COM, PGDFA, LLB, FICWA, and CFA among other specialised qualifications in Investigation and on ERP Applications. He has conducted more that 150 Management and Investigative audits in various establishments. During these audits, he himself has sniffed out and investigated over 100 Frauds and White Collar-Crimes.

He speaks on Prevention, Detection and Investigation of Frauds, White-Collar Crime and Theft of Intellectual Property at various Industrial Forums, National and International Seminars and has held 49 such Symposiums. He has also been conducting dedicated anti fraud educational programme at the premises of large Corporate Establishments, Cooperative Societies, Service Providers, Public Sector Undertaking and International Agencies; such as Godfrey Philips, ITC, KPMG Forensic Team (India), Indian Oil Corporation, Chennai Petroleum Corporation, Air Force Naval Housing Board, Action Aid International, World Bank, Bharat Petroleum, Haier and Bharat Tel Venture.

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-- 2009/2010 Annual Edition, Kroll’s Global Fraud Report2009/2010 Annual Edition, Kroll’s Global Fraud Report

EIU Survey on fraud vulnerability shockingly revealed that…



Average loss per company over the last three years has rose to $15.2 million, 173% of the survey average, and roughly

one-sixth more than the 2008 survey figure ($12.9 million)

Over one-half of respondents (51%) reported that the global financial crisis has increased levels of fraud at their companies

- the highest figure for any sector. Moreover, 35% said that they had seen an increase in fraud in general in the last year…

87% of firms reported being victims of some kind of fraud in the last three years, up from 79% in the previous survey

The sector had the second-highest proportion suffering from each of internal financial fraud (29%) and management conflict

of interest, as well as the highest rate of money laundering (10%)

For every type of fraud covered in the survey,



THE PROPORTION OF COMPANIES CONSIDERING



THEMSELVES HIGHLY VULNERABLE



INCREASED FROM LAST YEAR!!



THE UGLY THE UGLY THE UGLY

TRUTH IS...TRUTH IS...TRUTH IS...

F I N A N C I A L L O S S E S B Y S E C T O R SF I N A N C I A L L O S S E S B Y S E C T O R S

"Do not accept frauds & white"Do not accept frauds & white--collar crimes to collar crimes to be part of the cost of your business. Be better be part of the cost of your business. Be better prepared and learn to manage the risk."prepared and learn to manage the risk."

-- Vinod Khurana, Founder and President, Vinod Khurana, Founder and President, Institute of Forensic Accounting and Investigative Audit (IFAIA)Institute of Forensic Accounting and Investigative Audit (IFAIA)

“It was indeed a good session as I came back “It was indeed a good session as I came back “It was indeed a good session as I came back completely satisfied that the objective whichcompletely satisfied that the objective whichcompletely satisfied that the objective which

I had in mind was met with.”I had in mind was met with.”I had in mind was met with.” - Cummins India

“Ideas and concepts were very well brought out “Ideas and concepts were very well brought out “Ideas and concepts were very well brought out with good interaction with participants.” with good interaction with participants.” with good interaction with participants.”

- Larsen & Toubro

“...very practical approach… very informative.” “...very practical approach… very informative.” “...very practical approach… very informative.” - TATA Motors

“Very good.” “Very good.” “Very good.” - Ministry of Defence, Malaysia

INVESTMENT

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This Booking Is Invalid Without A Signature

INFORMATION For further information on this event,

please contact our Program Managers at 603 9206 5800 or e-mail

[email protected] WO

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Registration 0830 Course begins 0900 Morning Refreshment 1030 Luncheon 1300 Afternoon Refreshment 1530 End of the day 1700

PARTICIPANT DETAILS

INVOICE SHOULD BE DIRECTED TO

Signature Date

Name of Authorising Manager Job title

Email Tel No Fax No

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R E G I S T R A T I O NR E G I S T R A T I O NR E G I S T R A T I O N

2-DAY WORKSHOP FEE

USD 1490

EARLY BIRD REGISTRATION

USD 1290 (register before 26 March 2010)

GROUP DISCOUNT SAVE ADDITIONAL 10 %

(for the 3rd and subsequent delegate from the same organisation)

PLEASE COMPLETE THIS FORM IMMEDIATELY AND FAX TO 603 - 9200 7946

W H O S H O U L D A T T E N D . . .W H O S H O U L D A T T E N D . . .

Accounting Account Audit Audit Corporate Audit Compliance Internal Audit Audit Services Financial Control

Finance Forensic Accounting Forensic Auditing Internal Control Legal & Regulatory Affairs Risk Management Risk Assessment Strategic Planning

Operational Risk Risk-based Auditing Treasury Operational Audit Financial Audit Reporting & Planning Audit Reporting Investigative Audit

This workshop is specially designed for Chief Executive Officers, Chief Financial Officers, Auditors, Directors, Vice Presidents, Managers, Accountants, Heads of Department, Senior Executives,

Project Managers, Legal Professionals and Audit Committee Members who are responsible for:

PAYMENTPAYMENT

A confirmation letter and invoice will be sent upon receipt of your registration. Please note that full payment must be received prior to the event. Two easy way to pay:

• Telegraphic Transfer / Cheque

Bank : Maybank Berhad Branch : Desa Pandan, Kuala Lumpur, Malaysia A/C No : 514543111415 Swift Code : MBB EMY KL

• Foreign Demand Draft in USD to be drawn in a MALAYSIAN Bank

Intelligence Business Networks (M) Sdn. Bhd. 152-4-14, Kompleks Maluri, Jalan Jejaka, Taman Maluri, 55100 Kuala Lumpur

Note: Payments must be received within 7 days upon issuance of invoice.

CANCELLATION POLICYCANCELLATION POLICY

Due to contractual obligations, cancellation charges are as follow:

*30 to 10 days notice : 50% of the workshop fee *9 to 3 days notice : 70% of the workshop fee *2 days or less notice : 100% of the workshop fee (*Based on working days only)

However, complete sets of documentation will be sent to you. Substitutions are welcomed at any time. All cancellations of registration must be made in writing.

Note: It may be necessary for reasons beyond control, to change the content and timing of the event, speaker(s) or venue, every effort will be made to inform the participants of the change.

HOTEL DETAILSHOTEL DETAILS

Crowne Plaza Jakarta Jalan Gatot Subroto Kav. 2-3, Jakarta 12930, Indonesia Tel : +6221 5268833 Fax : +6221 5268831

Room Reservation can be made by delegates directly with the hotel. to enjoy privileged room rates, please state you’re attending an event organised by IBN International. Please call Ms. Yuyun A d y a n a a t + 6 2 2 1 5 2 6 8 8 3 3 o r e m a i l t o [email protected]

CERTIFICATECERTIFICATE

Delegates who successfully complete this course will rece ive the pres t ig ious IBN’s Cer t i f i cate o f Achievement; a statement of Intelligence endorsed by world renowned subject matter expert.

VISA REQUIREMENT VISA REQUIREMENT

Delegates requiring visas should contact the respective Embassies or High Commissions in their country of residence as soon as possible.

24 24 -- 25 MAY 2010

25 MAY 2010 CROWNE PLAZA, JAKARTA

CROWNE PLAZA, JAKARTA

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attend this seminar to - adinin works crime risk...attend this seminar to: discover the real...

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