India has seen a rapid rise in cases related to fraud, bribery and corruption in recent times, sparking the need to have specialists to secure and shield businesses. With an intent to applaud this diverse brigade of anti-fraud professionals, EY Fraud Investigation & Dispute Services and Association of Certified Fraud Examiners (ACFE) Western Region Chapter has launched the flagship ‘Forensic Trailblazer Award’. This unique platform aims to honour the best forensic talent in India.
Arpinder Singh, Partner and National Leader, Fraud Investigation & Dispute Services, EY said, “Global corporations and Governments are under immense scrutiny to identify, tackle and mitigate growing risks which could impact performance, revenue, business continuity and reputation. This has led to a surge in professionals from diverse backgrounds, foraying into the forensic ecosystem. The Forensic Trailblazer Award is intended to recognize individuals with extraordinary capabilities and enhance awareness about this niche field.”
“The impact of fraud and corruption has affected corporate India, and is no longer overlooked as an ‘inevitable business evil’. With forensic professionals being key enablers to transform the risk environment and drive ethical change, it is important to commend their capabilities through a platform that will gain universal recognition.” adds Uday Shankar Dutt, former Director General Police and former Joint Director, Central Bureau of Investigation
Forensic professionals possess an eclectic mix of skill sets and range from roles across audit, risk, compliance, legal, security, finance, technology, human resources, accounts, vigilance, ethics, law enforcement as well as core forensic investigations. The ‘Forensic Trailblazer Award’ will look to reward an individual with the most promising mind and at the same time, encourage more talented professionals across the corporate and Government sector to join this burgeoning sphere.
EY’s Global Fraud Survey, “Corporate misconduct – individual consequences” highlighted that 58% of Indian respondents believe bribery and corruption happens widely in the country. Furthermore, one third of respondents stated they do not flag fraud or corruption related incidents to due loyalty to the company. This highlights the magnitude and severity of current environment and scope to address existing challenges.