Manupatra Academic

Fraud Detection, Investigation and Prevention

With an increase in the number of business enterprises as well as advancement in digital technology, the world has witnessed an alarming rise in the occurrences of financial frauds/scams/offences. Recently, the Indian corporate and banking sectors were turned upside down when the activities of celebrity jeweler, Nirav Modi, were uncovered. Authorities are still trying to unravel the extent of fraud perpetrated by his company. By their very nature, financial crimes are difficult to detect in time and almost as difficult to prosecute since fraudsters can cover their trail quite well. Consequently, a new discipline of forensic accounting has evolved to investigate fraud. This comprises expertise in accounting, technology and the law. This course aims to familiarize accountants with the specialization of forensic accounting; lawyers with the assistance that can be provided by forensic accounting in fraud investigation and litigation; and management with the ways fraud can be committed, identified, assessed, managed, and prevented.

COURSE OUTCOME

 
 

After completing this course, learners will be able to:

  • Identify the types, causes and occurrences of financial offences.
  • Learn the basic means and modes of accounting, its standards and principles.
  • Analyze the legal provisions aimed at preventing, investigating and prosecuting fraudulent conduct.
  • Know the role of Serious Fraud Investigation Office in tackling the menace of financial fraud.
  • Understand the process of investigating fraud by way of forensic accounting and the role of forensic accountants.

COURSE OUTLINE

 
 
  • Module 1 – Introduction to Fraud
  • Module 2 – Basics of Financial Accounting, Auditing and Investigation
  • Module 3 – White Collar Crimes
  • Module 4 – Fraud and Legal Provisions
  • Module 5 – Role of Serious Fraud Investigation Office
  • Module 6 – Fraud and the Forensic Accountant
  • Certification Exam/ Assessment

Possess property that you wish to give to a loved one upon your passing? Want to assign a guardian to your children during your absence? A Will is your fix to make sure there is no mix! The common misconception is that your belongings, upon your passing, will directly go to your next of kin, but this is not the case. In India, households have disputes with regard to asset distribution. Thus, creating a Will ensures that the asset distribution in the family is as per your wish and there are no disputes. Most of the times, lawyers draft the final Will of a person, making it important for them to understand the concept well. This course dispels common misconceptions on drafting a Will. Terminologies associated with creation of Wills, along with types and clauses that make a Will valid, are discussed in great detail. Sample formats of Wills have also been provided to help you understand and provide you pointers on how to draft your own Will. The course is also helpful for lawyers as they are able to advice those in need.

COURSE OUTCOME

 

After completing this course, you will be able to:

  • Identify what a contract is, its purpose and significance
  • Learn how to form a contract keeping in mind its essentials
  • Recognize the different types of contract including special contracts
  • Assess the contractual breaches and available remedies
  • Draft a contract with important clauses

COURSE OUTLINE

 
  • Module 1 – Introduction to Law of Contracts
  • Module 2 – Essential Requirements of a Contract
  • Module 3 – Legal Object, Lawful Consideration and Free Consent
  • Module 4 – Types of Contract
  • Module 5 – General Contracts – Components and Drafting Guidelines
  • Module 6 – Essential Clauses of a Contract
  • Module 7 – Elements of Contract Drafting & Negotiating a Contract
  • Module 8 – Drafting the First Draft, Stamping & Registration
  • Module 9 – Discharge of a Contract
  • Module 10 – Breach of Contract – Remedies & Dispute Resolution Methods
  • Module 11 – Mitigation of Damages and Cancellation of Contracts
  • Module 12 – Drafting Guidelines for Various Types of Contracts
  • Module 13 – Contract Law - In a Nutshell
  • Module 14 – Appendix
  • Certification Exam

WHO SHOULD TAKE THIS COURSE

  • Accountants
  • Auditors
  • Managers
  • Employees
  • Businessmen
  • Lawyers
  • Law students
  • Investors

Level: Advanced

Language: English

Duration: 6 Months

EVALUATION METHOD

Learners must score a minimum of 60% in the Certification Exam at the end of the course to obtain the certificate. They will have 5 attempts to clear the exam.

About the Author

Varnika Jain, an alumnus of Dr. Ram Manohar Lohiya National Law University, Lucknow, is currently working as Faculty and Editor at LawSkills. Specializing in the field of Competition Law, policy and research, she has extensive experience in General Commercial Laws, Corporate Restructuring and Strategic Planning as well.
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