5 Days Programme on Forensic Financial Investigation Financial Services Commission officers, Mauritius August 20 to 24, 2018 | FSC House Ebene , Mauritius

NISM SRSS had organized 5 days Programme on Forensic Financial Investigation for Financial Services Commission officers, Mauritius during August 20 to 24 ,2018 at FSC House Ebene, Mauritius.

The 5-day training programme covered various aspects related to Forensic Accounting, which inter-alia included Introduction to Forensic Auditing and Forensic Accounting, Fraud Concepts, Forensic Methods and Techniques, Inspection Approaches and Techniques, Legal Aspects, Inter-Regulatory Aspects, etc.

Around 50 officials of FSC attended the entire training. The training also included a High Level Presentation to Board Members and Senior Officials of FSC Mauritius.

The main objectives of the programme was to enable the participants to:

• Basics of Financial Forensic (Accounting, Auditing) & Financial Analytics.

• Understanding of Fraud & concepts related to it with reference to the financial markets.

The Programme was a blend of classroom and activity based sessions. Topics covered during the programme were:

Classroom Sessions:

• Introduction to Forensic Auditing & Forensic Accounting

• Forensic Analytics for Auditing

• Fraud Concepts

• Analyzing records and Computer Forensics

• Frauds- Capital Market Perspective

• New Techniques of on – site Inspection

• Frauds in Banks and insurance sector

• Inter Regulatory Aspects – Roles and functions of authorities pertaining to frauds investigations and    enforcements

• Frauds of mis-selling of mutual funds & illegal collective investment schemes & Deemed Public issues

• ADR & GDR Fraud

• Legal Framework Nature of evidence, principle of natural justice, procedure for prosecution, economic damages calculation, attachment recovery, disgorgement and restitution, insolvency & bankruptcy

Activity Based Learning:

• Investigation Techniques-Interviewing Techniques & presenting results.

• Case Study – Pearl Agro PACL and Sahara.

Sessions were Taken by:

Mr. Vishal Shukla (Member of Faculty, NISM), Mr. Abhay Nagale (Associate Professor, NISM) Mr. Ritesh Nandwani (Member of faculty, NISM), Mr. Sunku Venugopal (Member of faculty, NISM).

The programme was well received and highly appreciated by the board members & participants of FSC, Mauritius.