Satyendra Tripathi in talks with Indiaforensic

Satyendra Tripathi, CFAP and an accounting professional based in Pune, speaks to Indiaforensic about his views on Forensic Accounting as profession. He is in employment and tries to resolve the fraud related issues and thus while undertaking such assignments, he is also involved in some fraud detection assignments.

What do you see as some of the benefits of the Certified Forensic Accounting Program offered by Indiaforensic?
It gives an opportunity of a completely new field to detect and understand the complexities of the profession and a way to deal with day to day workings.

What is the future of Forensic Accounting Profession ?

With the Globalisation of economy, there are going to be many instances of Fraud and related activities like the Enron and Worldcom debacle and thus it would create very many opp0rtunities for Forensic Accounting and Fraud Accounting Professionals

What is the biggest fraud risk according to you for the organisations in India ?

Employees cause the greatest damage to the organisation, sometime even unintentionally . Thus i recommend a strict code of conduct for internal control, as to a large extent the outside world is not under our control and we can only try establish an early detection and warning mechanism for the same, but for internal environment to regulated more effectively.

What do you see as some of the major potential fraud problems in your Industry ?

FINANCIAL FRAUDS BY EMPLOYEES

FAVORS TO CONTRACTORS FOR FINANCIAL BENEFIT

MANIPULATION OF CONTRACT TERMS TO SUIT ONE SUPPLIER

MANIPULATION OF REPORTS

MANIPULATION OF RECORDS

The list is endless.....

Any guidance to the members willing to pursue the CFAP designation ?
Its an exciting new field so let join hands to eliminate fraud for the corporate world.