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

E: rguptaaudit@coca-cola.in

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

E: rguptaaudit@coca-cola.in