CA V. Venkatram of Apollo Hospitals in talks with Indiaforensic

Venkatram, CFAP and a chartered accountant (FCA) is involved in finance and accounting for the past 17 years. Currently he work with Apollo Hospitals. Out of the total tenure of 17 years he was in practice for 6 years and over a decade in industry operating in FMCG , Durables and services sector. He also worked in MNC's

What do you see as some of the benefits of the Certified Forensic Accounting Program offered by Indiaforensic?
The program can offer specialisation in accounting frauds and industry can engage such professionals to mitigate risks that they are now exposed to. Such a program can be structured to include practical training and live project in industry

What are your own professional goals regarding fraud prevention, detection, and prosecution ?

To develop a charter on corporate frauds policy which can be implemented across various industries

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

There is no one standard risk . But organizations have to mature in terms of recruiting , develop policies and methods to deal with frauds .

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

In services industry and where retailing is involved , cash is the biggest risk and the scond biggest is credit cards . As the industry is still young , customer satisfaction takes an important role . This can throw some challenges in terms of handling risks associated with it .

Did CFAP benefited you professionally ?

It has certainly benefited .The course need to be advertised widely and then it will gain acceptance everywhere .

Any guidance to the members willing to pursue the CFAP designation ?
Fraud and risk management are new paradigms for Indian industry and CFAP will help in understanding this better .