State Audit vice chairman to open fraud awareness week

Business Sunday 11/November/2018 14:19 PM
By: Times News Service
State Audit vice chairman to open fraud awareness week

Muscat: The Vice Chairman of the State Audit Institution of the Sultanate, Nasser HS Al Rawahy, will inaugurate the International Fraud Awareness week organised by the Oman Chapter of the Association of Certified Fraud Examiners at the College of Banking and Financial Studies, Boushar, on Wednesday at 6pm.
The event will be followed by a talk on “The Role of the State Audit Institution in Protecting Public Funds, combating Corruption and Conflict of interest” by Sharifa Yahya Al Mahrouqi, Director General State Audit, oil and gas section. This will be followed by yet another talk on Card Fraud by Salim Marzooq Al Mushaifri, head of Anti-Fraud unit /compliance in Bank Dhofar.
“The last decade has seen a tremendous shift in how we buy and sell goods, both online and in the real world. As our wallets get thicker and credit card scammers get smarter, people are turning to a sleeker, potentially safer alternative to cash and cards: digital wallets,” said Majid Al Alawi, Director Training ACFE Oman Chapter.
”International Fraud Awareness Week is an opportunity for anti-fraud professionals and communities to come together to look at how far reaching the effects of fraud can be,” said Davis Kallukaran, President ACFE Oman chapter.
“Fraud is an unseen risk that can be devastating and is a very costly burden that has severe effects on both society and economies. Social and economic well-being and sustainable development is only possible where 'trust' prevails over 'doubt', and 'ethical behaviour' prevails over 'hostile behaviour'," Kallukaran said.
"We have to be aware, competent and cooperative in our fight against fraud, so that we can keep "fraud" as an exceptional result instead of the norm and build a world where "trust" and "prosperity" prevail," he added.
“As a global team, ACFE is passionate about making a difference in the lives of people. One of our important values is to be trustworthy in the eyes of those we serve, and fraud and ethics awareness is one component to support us in upholding this value,” said Jose Chacko, Vice President of the Chapter and Partner Forensic Technology and Services at Crowe Oman.
The event is organised to promote the International Fraud Awareness week in the Sultanate from November 11-17.
ACFE is the world’s largest anti-fraud and premier provider of anti-fraud training and education headquartered in Austin Texas. Together with more than 85,000 members, the ACFE is reducing business fraud worldwide and inspiring public confidence in the integrity and objectivity within the profession.
Forensic auditing provides an investigation methodology and accounting analysis that is both suitable for the courts and will form the basis for discussion, debate and ultimately dispute resolution. Certified Fraud Examiners possess unique expertise in preventing and detecting fraud, and are highly valued by organisations spanning across all industries, sectors and sizes.
The chapter’s objective is to promote awareness over the profession of Certified Fraud Examiners and attract more and more students to this emerging profession.