Indiaforensic - Brand that quantified the fraud losses to India.
Indiaforensic came out with the research which was widely publicized and accepted at various levels as the benchmark which quantified the amount India loses to the occupational frauds. India loses $40 billion to the frauds committed by the employees every year.
In its first employee frauds conference in Bangalore, Indiaforensic chairman, Mayur Joshi announced this amount which was equal to more than 4% of the consolidate income of India.
See some of the interesting headlines in various newspapers in India
Hindu Business Line: "Corporates losing more from within"
The Times of India : "India might be losing $40 billion to frauds"
Indiaforensic became the brand that gained glamor for the Anti fraud Industry in India
In past few years Indiaforensic has became the brand which has helped the anti fraud professionals to gain the glamor for the professionals in the country.
There were more than 100 media quotes for Indiaforensic in past three years. But in addition to this we have also helped the members and other industry experts to be quoted in the media.
The Employee frauds conference which focused on various issues and eminent speakers covered the interesting topics in this conference.
Capt. Percy Jokhi - CSO of FirstSource discussed the fraud cases across Banking, BPO and Hospitality Industry.
Selam Raveendhrun who pioneered the fraud control unit efforts in banking industry in India discussed the financial impacts of Frauds. He alerted the industries about India's economy crossing the mark of $ 1 trillion.
Babu Jayendran who mentioned about the software to check the insider data leakage was quoted in Hindustan Times and also in Economic Times.
Yash Maruli who shared some of the real life cases with the actually forged documents was also mentioned in this story of Hindustan Times. Vikram Tiwathia CIO of CII was quoted by Business standard in an exclusive story.
Forensic Accounting in India started with Just One word - Indiaforensic.I
ndiaforensic are the Pioneers of Forensic Accounting Education in India. Indiaforensic started the certification programs in the year 2005. When there was no awareness about the forensic accounting in India, we at Indiaforensic started the courses on forensic accounting.
Year 2005 - First course on Bank Forensic Accounting
Year 2006 - First course on Anti-Money Laundering
Year 2007- First Course on Corporate Frauds
Year 2008 - First International tie-up with the Institute of Certified Forensic Accountants
