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Business Assurance Summit
Friday 2nd June 2006
Conference Hall, Assocham House 47, Pritvi Raj Road New Delhi.
About the Summit
Today professional courses aim at producing students for technology
driven markets of 21st century. The programs are built around
nexus of state of art management thinking and technology,
seeks to provide the students with the critical managerial
skills, familiarize with specialized organizational tools
and innovative business perspectives that are vital for business
success in today’s highly competitive, increasingly
complexed and dynamic business environment.
The business world has changed a lot. From
“doing things rightly” it has become “doing
right things”. Administration and assurance go hand
in hand. Students join various organisations from different
sectors wherein they need to have the knowledge about the
organisation functioning and its domain. Today the requirement
is not only for the professionals who can work efficiently
themselves but can make the whole system to work smoothly
by providing it the secure and healthy environment to the
persons around him. For this one main requirement is to have
a system wherein we can detect even the smallest frauds and
defects that are affecting the organization and its culture
because one person is enough to sunk the organization.
Its not important that students should learn
about the ethics and frauds only after the studies in the
practical environment but they can also get familiar with
the same practical live cases of frauds during their studies.
This helps them to analyse the real world situation and reach
a solution which can prevent the fraud and minimize the risk
of similar cases in the future too. Although all the situations
are practially different from one another but the purpose
is to make students accustomed to these type of situations,
their possible causes and the feasible solutions.
Inauguration
Mr. R. R. Shah, Member Secretary, Planning Commission of India has kindly consented to Inaugurate the Summit.
Sessions
Management Assurance
Continuous Assurance & Risk Management : A Futuristic Look
Learn techniques to integrate work unit self-assessment
with work done by internal auditors, risk and insurance, compliance,
environment, safety, and other assurance specialists. Find
out how data stored in diverse sub-systems can provide loss
event information and key risk indicators.
Revenue Assurance
Punctured Profits – How Revenues Can Drain Away
In nearly every case, revenue leakage can be attributed to bad data generated by network elements or business processes — records that are missing, incomplete or totally wrong. Telcos need to ensure they collect the revenues for the services they provide. Plugging revenue leakages — quickly and permanently — represents pure profit. In this presentation, you will learn how to use signaling not only to find revenue leaks, but also to proactively stop the leakage from occurring again.
Fraud Management in Corporate World
A recent joint report by the Australian Institute of Criminology
(AIC) and PricewaterhouseCoopers estimates that fraud costs
Australia about $3.5 billion a year. AIC statistics show that
the incidence of fraud is increasing year by year. New corporate
governance approaches include a number of new fraud related
standards and frameworks. BPO Industry is also today facing
major challenges from increase in Corporate Frauds and Cybercrime.
Operational Assurance
Consolidated Monitoring of Organizational Risk – Clause 49 A Special Look
Although service providers are investing in initiatives to reduce risks, these initiatives are often sporadic and uncoordinated. Individual departments rush into ambitious initiatives for one-time quick fixes without treating the root cause of the problem, which often spans various departments, operations and systems. What is needed is a consolidated approach to addressing organizational risks.
Who Should Attend
The Summit shall be beneficial for Internal Auditors, Chief Finance Officers, Chief Executive Officers, IT Security Managers / Professionals, Business Consultants, Fraud Detectors / Consultants, Academicians, Students, Legal Advisors.
Learning Lessons
The participants shall benefits the following :
- Frame better corporate policies related to managing resources,
finance and data security.
- Make decision on creating fraud monitoring/ anti money
laundry solution in the organisation.
- Frame Continuous Control Monitoring System.
- Manage and Control Risk with improved information and
latest trends.
- Manage and Maintain compliances related to Clause 49
and Sarbanes Oxley Act.
- Formulate Business Assurance and Risk Management Policy
for the organisation.
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