Together, Reducing Fraud Worldwide
CPE Credit: 4-20
The 2013 ACFE Asia-Pacific Fraud Conference offers an unparalleled opportunity to learn from top anti-fraud professionals in the Asia-Pacific and beyond. In addition to notable keynote speakers, the program features two tracks covering current fraud issues, case studies and practical solutions. Download the brochure
At the heart of many failed investigations is the inappropriate application of interview methodology. Utilizing a scientifically-endorsed interview method such as the PEACE framework can increase the efficiency of fraud detection and investigations. In this Pre-Conference workshop, you will learn the process for conducting interviews with a clear purpose and learn how to secure a detailed, reliable and accurate account whilst avoiding “confirmation bias”. You will also learn to utilise forensically appropriate questioning styles.You Will Learn How To:Interview using the PEACE framework and appreciate its workplace application Recognize the added value, security, and risk reduction of recording interviews Appreciate the business benefit of a strategic interview structure Implement the PEACE strategy within your business environmentLevel: IntermediateRecommended Prerequisite: Experience in interviewing witnesses and fraud suspects in a fraud examinationField of Study: Communications
As Asia continues to homogenize, and the United States has gone international in its fight against tax fraud with FATCA, fraudsters are looking for greener pastures. Natural opportunists, they want a highly populated region with modern banking, an advanced technological infrastructure and real economic growth, in order to insure their "business" future. They also want a region where multiple borders, multiple jurisdictions and multiple legal structures are built in to complicate investigators and prosecutors, in order to insure their personal safety.
As Asian companies move steadily up the value chain, a new problem becomes more and more urgent: protection of intellectual property (IP). Long accustomed to manufacturing someone else’s designs, suddenly Asian companies find they have design secrets of their own worth protecting. IP protection should not only focus on patents and trademarks, it must cover the less tangible commercial secrets or company ‘know-how’ referred to as trade secrets. This session will cover the growing problem of trade secret theft in Asia, its impact to companies and potential measures to mitigate this risk. You Will Learn How To:
Protect your organisation's trade secrets with an integrated IP approach
Recognize common trade secret theft scenarios in Asia
Avoid common mistakes that companies make
Level: IntermediateRecommended Prerequisite: NoneField of Study: Specialized Knowledge and Applications
Conducting fraud examinations in conflict and post-conflict zones and emerging markets presents a unique set of issues and challenges. Learn how to assess the environment, recognize common fraud schemes in these environments and identify weakness within controls. You’ll also learn how working with local law enforcement can enhance chances of prosecution.You Will Learn How To:
Assess your environment, including physical challenges and limitations
Identify common fraud schemes within procurement, construction, investment, etc.
Recognize weakness within controls
Take steps to improve and enhance controls
John Geurts is the Executive General Manager of Group Security & Group Property at Commonwealth Bank, one of Australia’s largest providers of integrated financial services. In his keynote presentation, Geurts will discuss how Commonwealth Bank has leveraged their experience with financial institution fraud to combat other fraud risks many large corporations face including contract and procurement fraud, embezzlement and vendor fraud.
Forensic accountants’ and fraud examiners’ work product is always subject to criticism and is well-anticipated in our adversarial legal system. What basic reasons can lead to the rejection of the evidence of experts? This session will discuss situations that might make expert testimony subject to criticisms, how to keep your work product free from flaws and how to write and defend your report.You Will Learn How To:
Prevent major reasons a testimony may result in a criticism
Address possible solutions such as peer review, recommendation, and open discussion with lawyers
Write and defend your report to avoid judge criticism
Level: IntermediateRecommended Prerequisites: Experience in the preparation of a fraud case for trial and testifying; a working knowledge of the legal elements of a fraud examinationField of Study: Specialized Knowledge and Applications
Asia is home to some of the busiest commercial ports in the world. As global trade continues its rapid growth in Asia, the threat posed by procurement fraud is greater than ever. This session will provide an overview of procurement fraud in Asia, including the common types of schemes, circumstances that create heightened risk, and fraud detection and investigative techniques.You Will Learn How To:
Identify the types of procurement fraud schemes that are common in Asia
Recognize red flags of potential risks in an organisation
Employ the investigative techniques most helpful in detecting these types of schemes
Level: IntermediateRecommended Prerequisite: A familiarity with the contract and procurement processField of Study: Specialized Knowledge and Applications
State secrets are broadly defined in China and any investigation into a corporation or assets with any state ownership will touch upon information that may be classified as a state secret. Examine the definition of state secrets in China, and learn to identify potential red flags so you can avoid liability for handling information that may be treated as a state secret. This session will also discuss recent cases concerning foreign parties subject to China's state secrecy laws and regulations.You Will Learn How To:
Define state secrets in China
Properly handle business information that is deemed to be a state secret
Identify red flags to avoid state secrets liability where conducting an investigation in China
Level: AdvancedRecommended Prerequisite: A working knowledge and/or experience performing fraud examinations in China and an understanding of the laws controlling investigative workField of Study: Specialized Knowledge and Applications
Explore an Australian case study for which the speaker was the lead computer forensic investigator. The case involved the execution of a variety of search warrants, resulting in the collection of more than 200 terabytes of data that all required analysis. Attempting to process and analyse a set of data of this magnitude presents challenges, including slowing the investigation. This session details the dos and don'ts of processing a large set of data, something that will be encountered more regularly in the future.You Will Learn How To:
Handle an investigation with a large set of data
Determine whether data analytics and sampling should be used
Level: IntermediateRecommended Prerequisite: An understanding of data analytics as it relates to fraud detection and examinationField of Study: Auditing
Fraud examiners have an acute ability to catch thieves within a company, but many times they miss the mark on determining where the true risk of fraud lies within the organization. This session will examine many of the warning signs that fraudsters give us and identify ways to better manage fraud risks based on these signs.
Recent cases with the Royal Commission into the Malaysian Anti-Corruption Commission (MACC) and the Corrupt Practices Investigation Bureau (CPIB) in Singapore highlight the issues caused by poor interviewing techniques in fraud investigations. Learn the relevant skills and methods to conduct effective fraud interviews with victims, witnesses and suspects with integrity using the PEACE model of interviewing in accordance with corporate guidelines, laws and regulations.You Will Learn How To:
Make investigative decisions and record the rationale
Understand and apply the PEACE interview framework
Conduct an effective investigative interview
Level: IntermediateRecommended Prerequisite: Experience in interviewing witnesses and fraud suspects in a fraud examinationField of Study: Communications
Fraud prevention requires constant reviewing and updating of existing processes and controls. This session will explain how you can use a control gap in existing processes, identified during a fraud investigation, to update and strengthen controls. This session aims at advising you on how lessons learned from the investigation can support process improvement and fraud prevention. This session also covers database review techniques for fraud prevention.You Will Learn How To:
Integrate fraud learning in improving process controls and fraud prevention
Engage stakeholders in fraud prevention
Understand database review techniques for fraud prevention
Level: IntermediateRecommended Prerequisite: An understanding of the fraud triangle theory and how it explains fraudulent conductField of Study: Specialized Knowledge and Applications
Drawing on almost three decades of experience, Nagesh Pinge will share his real-world examples of how companies are addressing fraud and creating anti-fraud environments. This keynote session will also explore how prevailing practices differ amongst industries, including banking, retail and manufacturing.
The ACFE's 2012 Report to the Nations concludes that “frauds are much more likely to be detected by tips than any other method.” Tips can be received via hotlines (often called fraud or ethics helplines), the Internet, email or hard copy document like a letter. Regardless of the method, the ultimate purpose of whistleblowing is to “encourage courage.” Learn best practices in setting up and improving hotlines from the presenter’s 25 years of experience, plus review the latest benchmarking studies, checklists and practices in whistleblowing. You Will Learn How To:
Make effective use of hotlines
Compare your company or government department to global benchmarking data
The presentation will address the stages of money-laundering — placement, layering and integration — and the practical difficulties of applying the theory to the funds flow analysis. This session will also look at the current regulatory regimes, the implications of the regulations on business and organisational risk, and what that means for AML practitioners. Finally this session will provide an overview of actual cases, in particular dealing with the evidentiary requirements for criminal prosecutions and the role of the AML expert assisting in such proceedings.You Will Learn How To:
Take a practical approach to AML investigations
Avoid problems when documenting funds flow
Adhere to evidential requirements for prosecution
Level: IntermediateRecommended Prerequisites: A knowledge of the fundamentals of how illicit funds are masked and the processes involvedField of Study: Specialized Knowledge and Applications
Continue a discussion of Jeffrey Robinson’s opening remarks on Asia’s new "pandemic" with a panel of experts. This interactive session will explore how some jurisdictions are dealing with the issue, what you need to know about fraud in this multi-border, multi-jurisdictional and multi-legal cauldron, and how you can turn the fraudsters built-in advantage to your own.
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