Conference Schedule

CPE Credit: 13

 

8:00h-8:30h

Breakfast/Registration

8:30-9:50
08:30–09:50

Numan Amjad, ACFA, ACA, ACCA

Head of Internal Audit - Pakistan
FINCA Microfinance Bank Ltd.
Pakistan

2A Fraud in the Microfinancing Sector

Numan Amjad, ACFA, ACA, ACCA

2A Fraud in the Microfinancing Sector

With the increase in global poverty, the need for microfinance is growing rapidly. Microfinancing is largely based on a decentralised lending model, which raises the fraud probability. A strong and carefully designed and operated fraud detection and deterrence system is thus essential for microfinance organisations. This session will explore the general need for microfinance in today's world and elaborate on the inherent fraud risk. It will also discuss the importance of an effective and efficient fraud detection and deterrence system for the achievement of the “double bottom line” — the social and financial objectives of microfinance.

You Will Learn How To:

  • Develop a red flag identification system in a microfinance environment
  • Employ substantive procedures to evaluate the initial doubts
  • Prepare a legal case for a microfinance fraud
  • Develop a deterrence system
  • Prepare fraud investigation reports

Level: Intermediate
Recommended Prerequisites: Familiarity with microfinancing industry
Field of Study: Specialised Knowledge and Applications

08:30–09:50

George D. Kambouris

Faculty Accounting/Finance
University Of Dubai

2B Fraudulent Financial Statements: An Auditor’s Perspective

George D. Kambouris

2B Fraudulent Financial Statements: An Auditor’s Perspective

Fraudulent financial statements are a worldwide phenomenon to this day. The risk of fraud by employees exists at any time as well as the risk of management to override controls and commit fraudulent acts to the detriment of investors. The professional independent auditor worldwide is responsible to perform his independent audits in accordance with generally accepted auditing standards and express an opinion on the audited financial statements. This session will examine the auditor’s perspective and responsibility on fraudulent financial statements and to disclose historical evidence of factors, causes and consequences of fraud detected in the audits of American companies, other industrialized nations and emerging economies.

You Will Learn How To:

  • Explain the auditor’s responsibility in discovering fraud
  • Identify the most common cause of fraud

Level: Advanced
Recommended Prerequisites: Experience with the development and analysis of an organizations financial statements and their composition
Field of Study: Accounting

08:30–09:50

Moderator: Ralph Stobwasser

Managing Director, Deloitte

2C Panel: Taking Your Fraud Examination to Other Countries

Moderator: Ralph Stobwasser

2C Panel: Taking Your Fraud Examination to Other Countries

Fraud is no longer local, it is global. Frauds are being committed from outside of the native country against organizations at an increasing rate. The fraud examiner needs to be aware before pursuing these cases that customs and laws might drastically alter how a fraud examination is conducted. The success of the fraud examination that crosses borders rests on the delicate balancing act of managing the process while not adding additional complexity to the case. The panel discussion will address the risks and practices associated the conducting a fraud examination in a foreign jurisdiction.

Level: Overview
Recommended Prerequisites: None
Field of Study: Specialised Knowledge and Applications

08:30–09:50

Serhan Gokturk, CFE, CIA

Chief Auditor, Enforcement & Surveillance Board
Borsa Istanbul

2D Compliance and Anti-Corruption: Implementing an Anti-Corruption Programme

Serhan Gokturk, CFE, CIA

2D Compliance and Anti-Corruption: Implementing an Anti-Corruption Programme

Companies must recognise the need for developing and implementing robust anti-corruption and compliance programmes. An understanding of corruption risks, schemes and potential legal consequences is a prerequisite for an effective risk assessment and should be followed by implementation of a strong anti-corruption and compliance programme. The session will offer a detailed explanation of implementing an anti-corruption programme, including legal framework, corruption risk assessment and common corruption issues.

You Will Learn How To:

  • Navigate the international legal framework for combating corruption
  • Take a structured approach for enterprises to conduct an anti-corruption risk assessment
  • Identify the main anti-corruption elements
  • Develop and implement an anti-corruption and compliance programme

Level: Intermediate
Recommended Prerequisites: Experience with compliance issues as they pertain to an international organizations
Field of Study: Specialised Knowledge and Applications

9:50-10:20

Networking Break

10:20-11:40
10:20–11:40

David Cafferty, CFE, FCMA, MCSI, CGMA

Senior Compliance Manager
Capital Advantage Consultants

3A Virtual Currencies: Threat or Opportunity? A Bitcoin Case Study

David Cafferty, CFE, FCMA, MCSI, CGMA

3A Virtual Currencies: Threat or Opportunity? A Bitcoin Case Study

Virtual currencies are on the rise and fraud examiners need to be aware of the risks, threats and business opportunities accompanying their increasing use. This session will provide an overview of the history, development and growth of the virtual currency market, with the emphasis on Bitcoin. It will also review the technology behind virtual currencies, studies of recent fraud cases including Liberty and Silk Road, regulatory and business concerns, and current trends. It will also anticipate the prospects for future growth of the virtual industry.

You Will Learn How To:

  • Define key terms
  • Identify the risks associated with virtual currencies
  • Identify system weaknesses and failures in recent cases

Level: Intermediate
Recommended Prerequisites: A basic knowledge or interest in the current trend in alternative currencies
Field of Study: Specialised Knowledge and Applications

10:20–11:40

Syed Imran Zia, CFE, ACA, FCCA, CIA

Chief Internal Auditor
Gulf Drilling International

3B Leading the Revolution in the Internal Audit Profession

Syed Imran Zia, CFE, ACA, FCCA, CIA

3B Leading the Revolution in the Internal Audit Profession

The traditional internal audit and fraud function has a unique set of norms and customs. This session will challenge the myths surrounding the profession one by one and will evaluate the validity of many critical concepts in the practical world. It will also explore how to move forward from these practices and provide guidance on revolutionizing the audit and fraud functions.

You Will Learn How To:

  • Respond to the changing economic landscape as audit and fraud professionals
  • Tackle major challenges faced by the profession today
  • Focus on key areas to stay current, effective and valuable

Level: Advanced
Recommended Prerequisites: Experience in the internal audit field
Field of Study: Auditing

10:20–11:40

Iyad Mourtada, CFE, CIA, CMA, CCSA

Managing Director
OpenThinking

3C Fighting the Cybersecurity War in the Middle East

Iyad Mourtada, CFE, CIA, CMA, CCSA

3C Fighting the Cybersecurity War in the Middle East

Many organisations and government entities in the Middle East are facing unprecedented levels of cyberattacks. However, the infrastructure and culture of many organisations are not ready to deal with cyber threats or establish the right controls. As such, it's no surprise that the current estimated value of the Middle Eastern cybersecurity market is nearly USD 23 billion. This session will explore global trends in cybersecurity and the current and future cyber threats facing the Middle East.

You Will Learn How To:

  • Define the current and future global cybersecurity trends
  • Recognise cyber threats facing the Middle East
  • Establish controls to prevent and detect cyberattacks

Level: Intermediate
Recommended Prerequisites: An understanding of the components of cybersecurity and cyber fraud
Field of Study: Specialised Knowledge and Applications

10:20–11:40

Bruce Dorris, J.D., CFE, CPA, CVA

Vice President, Program Director
Association of Certified Fraud Examiners

3D Fraud Examination Interviewing Techniques

Bruce Dorris, J.D., CFE, CPA, CVA

3D Fraud Examination Interviewing Techniques

Fraud examinations are comprised of many components. One of the most critical is also one of the most difficult to master: the fraud interview. Whether it is fact witnesses or possible suspects, mastering the intricacies of an interview can mean the difference between a successful conclusion to a fraud case or an unresolved one. In this session you will hear a former prosecutor illustrate some of the best practices of successful interviewers.

Level: Overview
Recommended Prerequisites: None
Field of Study: Communications

11:40-13:05
11:40-13:00

Hamed Kazim

CEO
HK Consulting

Jeffrey Robinson

Vice President and Program Director
Author and international expert on organised crime and fraud

General Session

Hamed Kazim

Jeffrey Robinson

General Session

Join more than 300 anti-fraud professionals during the conference's first general session. The session begins with a special address from Hamed Kazim, advisor to the Dubai International Financial Centre, before welcoming keynote speaker Jeffrey Robinson, author of The Laundrymen and international expert on money laundering and financial crime.

13:05-14:20

Lunch/Prayer

14:20-15:40
14:20–15:40

Elena Maroun, CFE, ACCA, CRMA

Group Head of Internal Audit/Head of Fraud Taskforce Group
FBME Bank LTD

6A E-Banking Fraud Investigations

Elena Maroun, CFE, ACCA, CRMA

6A E-Banking Fraud Investigations

Internet banking represents a useful service often chosen by clients around the world for its convenience and allowed mobility. This service is usually well-secured by banks, but less protected at the customers’ end, making it an easy target for fraud. Where is the golden mid-point between protection against fraud and customers’ responsibility? This session will highlight examples of how fraudsters manage to manipulate the system, and how they can be stopped by action based on policy adherence, professional scepticism and due care.

You Will Learn How To:

  • Consider important factors in investigating Internet banking fraud claims
  • Coordinate efforts with other stakeholders within and outside the bank perimeters
  • Use forensic technology and online due diligence during an investigation
  • Know when to stop and make a decision
  • Share information about the fraud with the community

Level: Intermediate
Recommended Prerequisites: An understanding of fraud examination techniques as they apply to financial institutions
Field of Study: Specialised Knowledge and Applications

14:20–15:40

Sherman McGrew, J.D., CFE

Program Analyst
TSA

6B Conducting Internal Investigations

Sherman McGrew, J.D., CFE

6B Conducting Internal Investigations

Investigating your own colleagues for fraud is an extremely difficult situation and poses unique challenges, particularly when the suspected fraudster might continue to be employed at the same company as the investigator. How does one interview a friend? When is it time to back off from an internal investigation and bring in an outside source? This session will explore how to tackle the internal investigation, detect falsehood and avoid the pitfalls when dealing with coworkers and friends.

You Will Learn How To:

  • Differentiate between internal and external investigations
  • Identify whether investigations are privileged and, if so, who holds the privilege
  • Keep personal relationships from interfering with your investigation
  • Move on with workplace life after the investigation

Level: Intermediate
Recommended Prerequisites: A fundamental knowledge of the fraud examination process
Field of Study: Specialised Knowledge and Applications

14:20–15:40

Stephen Crowe

Director
Deloitte Corporate Finance Limited

6C Fraud Analytics: A Fresh Approach to Mining Financial Data

Stephen Crowe

6C Fraud Analytics: A Fresh Approach to Mining Financial Data

In an age when our digital lifestyles are dominated by icons, emoticons and symbols, have you ever wondered why we still predominately rely on textual rows and columns to make sense of mass volumes of financial data? Data visualisation has now come of age in the world of forensic accounting and this session will provide you with a glimpse into the future of visually examining entire financial data sets through a graphical interface that allows unprecedented access to “information with impact” that might be hidden within your financial data universe.

You Will Learn How To:

  • Adapt to developments in the visual analysis of financial data
  • Move from a sample-based review approach to “all-in analysis”
  • Use data mining techniques in large financial data sets

Level: Intermediate
Recommended Prerequisites: An understanding of data analytics as it relates to fraud detection and examination
Field of Study: Auditing

14:20–15:40

Waheed Alkahtani, CFE, CCEP-I

Senior Auditor
Saudi Aramco

6D Global Expectations for Addressing Fraud Risk and the Investigative Process

Waheed Alkahtani, CFE, CCEP-I

6D Global Expectations for Addressing Fraud Risk and the Investigative Process

The development of a fraud risk management (FRM) programme is a proactive approach to protect organisations, promote compliance among the work environment and encourage transparency in the workplace. This session will highlight the key elements and present a case study of Saudi Aramco’s implementation of a risk-based anti-fraud programme that reflects the company’s global presence. This session will discuss two basic approaches for developing an effective compliance programme and examine the three critical stages: planning, deployment and administration.

You Will Learn How To:

  • Identify fraud risks occurring in your business
  • Define the essential elements for building an effective anti-fraud programme
  • Identify systems and means to detect fraud and irregularities
  • Recognise the three stages of FRM: planning, deployment and administration

Level: Intermediate
Recommended Prerequisites: TBD
Field of Study: TBD

8:00-8:30

Breakfast/Registration

8:30-9:50
08:30–09:50

David Cafferty, CFE, FCMA, MCSI, CGMA

Senior Compliance Manager
Capital Advantage Consultants

8A Virtual Currencies: Threat or Opportunity? A Bitcoin Case Study

David Cafferty, CFE, FCMA, MCSI, CGMA

8AVirtual Currencies: Threat or Opportunity? A Bitcoin Case Study

Virtual currencies are on the rise and fraud examiners need to be aware of the risks, threats and business opportunities accompanying their increasing use. This session will provide an overview of the history, development and growth of the virtual currency market, with the emphasis on Bitcoin. It will also review the technology behind virtual currencies, studies of recent fraud cases including Liberty and Silk Road, regulatory and business concerns, and current trends. It will also anticipate the prospects for future growth of the virtual industry.

You Will Learn How To:

  • Define key terms
  • Identify the risks associated with virtual currencies
  • Identify system weaknesses and failures in recent cases

Level: Intermediate
Recommended Prerequisites: A basic knowledge or interest in the current trend in alternative currencies
Field of Study: Specialised Knowledge and Applications

08:30–09:50

Syed Imran Zia, CFE, ACA, FCCA, CIA

Chief Internal Auditor
Gulf Drilling International

8B Leading the Revolution in the Internal Audit Profession

Syed Imran Zia, CFE, ACA, FCCA, CIA

8B Leading the Revolution in the Internal Audit Profession

The traditional internal audit and fraud function has a unique set of norms and customs. This session will challenge the myths surrounding the profession one by one and will evaluate the validity of many critical concepts in the practical world. It will also explore how to move forward from these practices and provide guidance on revolutionizing the audit and fraud functions.

You Will Learn How To:

  • Respond to the changing economic landscape as audit and fraud professionals
  • Tackle major challenges faced by the profession today
  • Focus on key areas to stay current, effective and valuable

Level: Advanced
Recommended Prerequisites: Experience in the internal audit field
Field of Study: Auditing

08:30–09:50

Iyad Mourtada, CFE, CIA, CMA, CCSA

Managing Director
OpenThinking

8C Fighting the Cybersecurity War in the Middle East

Iyad Mourtada, CFE, CIA, CMA, CCSA

8C Fighting the Cybersecurity War in the Middle East

Many organisations and government entities in the Middle East are facing unprecedented levels of cyberattacks. However, the infrastructure and culture of many organisations are not ready to deal with cyber threats or establish the right controls. As such, it's no surprise that the current estimated value of the Middle Eastern cybersecurity market is nearly USD 23 billion. This session will explore global trends in cybersecurity and the current and future cyber threats facing the Middle East.

You Will Learn How To:

  • Define the current and future global cybersecurity trends
  • Recognise cyber threats facing the Middle East
  • Establish controls to prevent and detect cyberattacks

Level: Intermediate
Recommended Prerequisites: An understanding of the components of cybersecurity and cyber fraud
Field of Study: Specialised Knowledge and Applications

08:30–09:50

Bruce Dorris, J.D., CFE, CPA, CVA

Vice President, Program Director
Association of Certified Fraud Examiners

8D Fraud Examination Interviewing Techniques

Bruce Dorris, J.D., CFE, CPA, CVA

8D Fraud Examination Interviewing Techniques

Fraud examinations are comprised of many components. One of the most critical is also one of the most difficult to master: the fraud interview. Whether it is fact witnesses or possible suspects, mastering the intricacies of an interview can mean the difference between a successful conclusion to a fraud case or an unresolved one. In this session you will hear a former prosecutor illustrate some of the best practices of successful interviewers.

Level: Overview
Recommended Prerequisites: None
Field of Study: Communications

9:50-10:20

Networking Break

10:20-11:40
10:20–11:40

Elena Maroun, CFE, ACCA, CRMA

Group Head of Internal Audit/Head of Fraud Taskforce Group
FBME Bank LTD

9A E-Banking Fraud Investigations

Elena Maroun, CFE, ACCA, CRMA

9A E-Banking Fraud Investigations

Internet banking represents a useful service often chosen by clients around the world for its convenience and allowed mobility. This service is usually well-secured by banks, but less protected at the customers’ end, making it an easy target for fraud. Where is the golden mid-point between protection against fraud and customers’ responsibility? This session will highlight examples of how fraudsters manage to manipulate the system, and how they can be stopped by action based on policy adherence, professional scepticism and due care.

You Will Learn How To:

  • Consider important factors in investigating Internet banking fraud claims
  • Coordinate efforts with other stakeholders within and outside the bank perimeters
  • Use forensic technology and online due diligence during an investigation
  • Know when to stop and make a decision
  • Share information about the fraud with the community

Level: Intermediate
Recommended Prerequisites: An understanding of fraud examination techniques as they apply to financial institutions
Field of Study: Specialised Knowledge and Applications

10:20–11:40

Sherman McGrew, J.D., CFE

Program Analyst
TSA

9B Conducting Internal Investigations

Sherman McGrew, J.D., CFE

9B Conducting Internal Investigations

Investigating your own colleagues for fraud is an extremely difficult situation and poses unique challenges, particularly when the suspected fraudster might continue to be employed at the same company as the investigator. How does one interview a friend? When is it time to back off from an internal investigation and bring in an outside source? This session will explore how to tackle the internal investigation, detect falsehood and avoid the pitfalls when dealing with coworkers and friends.

You Will Learn How To:

  • Differentiate between internal and external investigations
  • Identify whether investigations are privileged and, if so, who holds the privilege
  • Keep personal relationships from interfering with your investigation
  • Move on with workplace life after the investigation

Level: Intermediate
Recommended Prerequisites: A fundamental knowledge of the fraud examination process
Field of Study: Specialised Knowledge and Applications

10:20–11:40

Stephen Crowe

Director
Deloitte Corporate Finance Limited

9C Fraud Analytics: A Fresh Approach to Mining Financial Data

Stephen Crowe

9C Fraud Analytics: A Fresh Approach to Mining Financial Data

In an age when our digital lifestyles are dominated by icons, emoticons and symbols, have you ever wondered why we still predominately rely on textual rows and columns to make sense of mass volumes of financial data? Data visualisation has now come of age in the world of forensic accounting and this session will provide you with a glimpse into the future of visually examining entire financial data sets through a graphical interface that allows unprecedented access to “information with impact” that might be hidden within your financial data universe.

You Will Learn How To:

  • Adapt to developments in the visual analysis of financial data
  • Move from a sample-based review approach to “all-in analysis”
  • Use data mining techniques in large financial data sets

Level: Intermediate
Recommended Prerequisites: An understanding of data analytics as it relates to fraud detection and examination
Field of Study: Auditing

10:20–11:40

Waheed Alkahtani, CFE, CCEP-I

Senior Auditor
Saudi Aramco

9D Global Expectations for Addressing Fraud Risk and the Investigative Process

Waheed Alkahtani, CFE, CCEP-I

9D Global Expectations for Addressing Fraud Risk and the Investigative Process

The development of a fraud risk management (FRM) programme is a proactive approach to protect organisations, promote compliance among the work environment and encourage transparency in the workplace. This session will highlight the key elements and present a case study of Saudi Aramco’s implementation of a risk-based anti-fraud programme that reflects the company’s global presence. This session will discuss two basic approaches for developing an effective compliance programme and examine the three critical stages: planning, deployment and administration.

You Will Learn How To:

  • Identify fraud risks occurring in your business
  • Define the essential elements for building an effective anti-fraud programme
  • Identify systems and means to detect fraud and irregularities
  • Recognise the three stages of FRM: planning, deployment and administration

Level: Intermediate
Recommended Prerequisites: TBD
Field of Study: TBD

11:40-13:05
11:40-13:00

Prof. Dr. Marco Gercke

Cybercrime Research Institute

General Session

Prof. Dr. Marco Gercke

General Session

Join more than 300 anti-fraud porfessionals during the conference's second general session and learn what cyberthreats your organisation may be facing from the Director of the Cybercrime Research Institute, Prof. Dr. Marco Gercke. A second keynote speaker for this General Session will be announced soon.

13:05-14:20

Lunch/Prayer

14:20-15:40
14:20–15:40

Moderator: Tania Fabiani

Partner
PwC Middle East Forensic Practice

12A Panel Session: Global Challenges for Fraud Examiners

Moderator: Tania Fabiani

12A Panel Session: Global Challenges for Fraud Examiners

As we move further into the 21st century the landscape for fraud continues to evolve and fraud examiners must also evolve to keep up with the latest trends. These challenges are no longer local; they now cross borders in ways unimaginable several years ago. In this session you will hear this panel of experts discuss where we are, where we are going and where we need to be as fraud examiners.

Level: Overview
Recommended Prerequisites: None
Field of Study: Specialised Knowledge and Applications

14:20–15:40

Charanjeet Singh, CFE, CISM

Head of Fraud Risk Management
FGB

12B Fraud Risk Assessments in Financial Institutions

Charanjeet Singh, CFE, CISM

12B Fraud Risk Assessments in Financial Institutions

Investigation reports and loss data provide the fertile ground on which the seeds of a fraud risk assessment (FRA) can be sowed, and the ensuing process should involve walk-throughs, sample testing and, if allowed, mystery shopping to identify the risk scenarios, efficiency of existing controls and residual risks. This session will present key challenges and techniques to address during the various stages of the FRA for a financial institution, including planning, field work, presenting the results and follow up. You’ll also learn useful tips on the identification of high-risk processes in the financial institution, standard risk scenarios, mitigating measures, risk rating of the scenarios and residual risk to derive risk rating.

You Will Learn How To:

  • Pitch FRA to the organisation and get the resources required to do an assessment effectively
  • Apply useful techniques for planning, field work, presenting and follow up on the recommendations
  • Identify the high-risk processes for FRA and identification of fraud risks, existing controls and mitigating measures

Level: Intermediate
Recommended Prerequisites: Familiarity with ACFE Fraud Risk Assessment Tool and fraud risk assessment process as it applies to financial institutions
Field of Study: Management Advisory Services

14:20–15:40

Abdelmonem Gabr, CIA, CRMA, CFSA

Internal Audit Manager
Ahli United Bank

12C The Role of Internal Audit in the Prevention and Detection of Fraud

Abdelmonem Gabr, CIA, CRMA, CFSA

12C The Role of Internal Audit in the Prevention and Detection of Fraud

Fraud negatively impacts organisations in many ways, and although it is management’s responsibility to design internal controls to prevent, detect and mitigate fraud, the internal auditors are the ideal party for assessing the effectiveness of the controls. This session will help you understand the changes and challenges of the internal auditor in fraud prevention and detection, and what value the role can add.

You Will Learn How To:

  • Define the different roles that internal auditors can play in fraud prevention and detection
  • Coordinate between fraud management and internal audit
  • Assess the value of internal audit and reports in terms of fraud

Level: Intermediate
Recommended Prerequisites: Experience in fraud auditing and fraud examination
Field of Study: Auditing

14:20-15:40

Maria Krambia-Kapardis, FCA

Associate Professor, Cyprus University of Technology
Chair of the Board, Transparency International-Cyprus

Andreas Kapardis

Professor, Legal Psychology
University of Cyprus

12D Criminology, Corporate Fraud and Corruption Prevention in Averting Corporate Collapses

Maria Krambia-Kapardis, FCA

Andreas Kapardis

12D Criminology, Corporate Fraud and Corruption Prevention in Averting Corporate Collapses

Recent years have demonstrated that preventing corporate fraud and corruption can avert corporate collapses. Improving on the fraud triangle, a new holistic model of Corruption and Corporate Fraud Prevention (CCFP) is proposed that comprises three interdependent pillars holding the prevention edifice. Each pillar represents one level of analysis and contains specific measures to prevent corruption and corporate fraud and reduce the risk of a financial crisis. The session will critique well-known approaches to corruption and corporate fraud prevention, and then detail the pillars of the CCFP model and examine requirements for a successful implementation.

You Will Learn How To:

  • Become familiar with the components of the CCFP model
  • Appreciate the macro and micro factors in fraud and corruption prevention
  • Determine what measures should be taken to avert another corporate collapse

Level: Intermediate
Recommended Prerequisites: An understanding and experience in compliance issues as they relate to corruption and business practices
Field of Study: Behavioural Ethics

2016 ACFE Middle East Fraud Conference