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CFAP for IT industry

Fraud ! A word that brings jitters to the management. After Satyam the IT world realized that it is a financial virus for which there is no direct fix. This virus damages not only the balance-sheet but also damages the goodwill and reputation of the company. Everybody realised that fighting this virus is much bigger challenge than Information security. In Satyam scam compromise of the password was probably the smallest part of the whole issue. In order to avoid this financial virus companies need to be very careful. They need to undergo the regular health check up.

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Student Programs

 

 

ACFE CEO Speaks to Fraudtoday

“The world continues to get smaller due to advances in technology.  Companies will continue to expand globally.  You can be a small, one-person company at home in India and sell to a company in Europe with nothing more than a computer.  Unfortunately, the differences in legal systems are probably the global fraudsters’ greatest friend.  We will need to find ways to break down legal jurisdictions so that we can get better at stopping global frauds,” says Mr. Scott J. Grossfeld – the CEO of ACFE.

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Riskpro Analysis on RBI circular

On 16th September'2009, Reserve Bank of India issued a circular to the Chairmen and the CEO's of the banks. This circular is a path breaking initiative of Reserve Bank of India. Anti-fraud function will be owned by the CEO and the Chairman of the scheduled commercial banks. This increases the responsibility of the existing antifraud units [ Risk Containment Units, Fraud Control Units or the Recovery and Vigilance Units ].

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