THIS POST IS CONTINUED FROM PART 23, BELOW--
A FEW DAYS AGO, KERALA CHRISTIAN CONVERT DILIP CHERIAN DEMEANED CHANAKYA (THE GREATEST SON OF BHARATMATA) ON TV – AS “ THE GREATEST SPIN DOCTOR”.
ONCE A HINDU IS CONVERTED TO CHRISTIANITY HE GOES AGAINST HIS OWN WATAN.
WHEN THIS PLANET DID NOT KNOW MATH OR ACCOUNTING CHANAKYA WAS THE FIRST TO WRITE ABOUT FORENSIC ACCOUNTING.
CHANAKYA HAD WRITTEN AN ENTIRE CHAPTER ( ARTH SHASTRA ) ON FINANCIAL EMBEZZELMENT – 40 WAYS OF DETECTION/ INVESTIGATION AND PREVENTION. THIS IS THE BASIS OF MODERN FRAUD DETECTION , NOW PATENTED IN THE WHITE MANs NAME
CHANAKYA WAS A KERALA NAMBOODIRI PROFESSOR AT TAXILA .
HE RESIGNED FROM HIS JOB TO SAVE BHARATMATA , AS SOON AS HE FOUND OUT FROM A TURKISH STUDENT , THAT ALEXANDER THE GREAT HAS CROSSED DARDENELLES STRAIT WITH A HUGE ARMY ON HORSES , 2325 YEARS AGO.
CHANAKYA, THE INTELECTUAL , RAN AROUND ASKING FOR HELP TO SAVE BHARATMATA .
ONE KING REFUSED TO HELP AND TO ADD INSULT TO INJURY, HE RIDICULED THE NAMBOODIRI WAY OF TYING THE KUDUMI HAIR ( BY THE SIDE OF THE HEAD ) - AND TUGGED AT IT.
CHANAKYA SWORE TERRIBLE REVENGE .
HE UNTIED HIS KUDUMI AND PLEDGED THAT HE WOULD NOT TIE HIS HAIR BACK , UNTIL HE DETHRONED THE KING AND DESTROYED HIS ROYAL BLOODLINE.
CA EXAMS MUST HAVE A SEPARATE PAPER ON FRAUD DETECTION
EVER HEARD OF YM KALE ?
HE IS A HERO !
Y.M. Kale was the first Chartered Accountant who blew the whistle against the leading business group in India.
However he could not get the fame and glamour that Sharon Watkins gained in USA. He was arm twisted to resign from the job
WHY IS INDIA SO POOR IN FRAUD DETECTION?
BECAUSE THERE IS NO PUNISHMENT , BY WAY OF JAIL SENTENCES
NIRA RADIA WAS EXPOSED.
WHAT HAPPENED ?
'Computer-assisted audit techniques (CAATs) or computer-assisted audit tools and techniques (CAATTs) is a growing field within the IT audit profession. CAATs is the practice of using computers to automate the IT audit processes.
CAATs normally includes using basic office productivity software such as spreadsheet, word processors and text editing programs and more advanced software packages involving use statistical analysis and business intelligence tools. But also more dedicated specialized software are available (see below).
CAATs have become synonymous with data analytics in the audit process.
The traditional method of auditing allows auditors to build conclusions based upon a limited sample of a population, rather than an examination of all available or a large sample of data.
CAATTs, not CAATs, addresses these problems. CAATTs, as it is commonly used, is the practice of analyzing large volumes of data looking for anomalies. A well designed CAATTs audit will not be a sample, but rather a complete review of all transactions.
Using CAATTs the auditor will extract every transaction the business unit performed during the period reviewed. The auditor will then test that data to determine if there are any problems in the data.
Another advantage of CAATs is that it allows auditors to test for specific risks. For example, an insurance company may want to ensure that it doesn't pay any claims after a policy is terminated. Using traditional audit techniques this risk would be very difficult to test.
The auditor would "randomly select" a "statistically valid" sample of claims (usually e if any of those claims were processed after a policy was terminated. Since the insurance company might process millions of claims the odds that any of those 30–50 "randomly selected" claims occurred after the policy was terminated is extremely unlikely.
Using CAATTs the auditor can select every claim that had a date of service after the policy termination date. The auditor then can determine if any claims were inappropriately paid. If they were, the auditor can then figure out why the controls to prevent this failed. In a real life audit, the CAATTs auditor noted that a number of claims had been paid after policies were terminated.
Using CAATTs the auditor was able to identify every claim that was paid and the exact dollar amount incorrectly paid by the insurance company. Furthermore, the auditor was able to identify the reason why these claims were paid. The reason why they were paid was because the participant paid their premium.
The insurance company, having received a payment, paid the claims. Then after paying the claim the participant's check bounced. When the check bounced, the participant's policy was retrospectively terminated, but the claim was still paid costing the company hundreds of thousands of dollars per year.
Which looks better in an audit report ?:
"Audit reviewed 50 transactions and noted one transaction that was processed incorrectly"
"Audit used CAATTs and tested every transaction over the past year. We noted XXX exceptions wherein the company paid YYY dollars on terminated policies."
However, the CAATTs driven review is limited only to the data saved on files in accordance with a systematic pattern. Much data is never documented this way. In addition saved data often contains deficiencies, is poorly classified, is not easy to get, and it might be hard to become convinced about its integrity.
So, for the present CAATTs is complement to an auditor's tools and techniques. In certain audits CAATTs can't be used at all. But there are also audits which simply can't be made with due care and efficiently without CAATTs.
Benefits of audit software include:--
They are independent of the system being audited and will use a read-only copy of the file to avoid any corruption of an organization’s data.
Many audit-specific routines are used such as sampling.
Provides documentation of each test performed in the software that can be used as documentation in the auditor’s work papers.
Audit specialized software may perform the following functions:---
Missing sequence identification.
Duplicate transaction identification.
Pivot table creation.
Cross tabulation. ( Commie Kanhaiya Kumar will call this TABULASSANN )
CAATs is the fundamental tool which is used by the auditors. This tool facilitates them to make search from the irregularities from the given data. With the help of this tool, the auditors and accountant of any firm will be able to provide more analytical results.
These tools are used throughout every business environment and also in the industry sectors too. With the help of computer-assisted audit techniques, more forensic accounting with more analysis can be done. It’s really a helpful tool that helps the firm auditor to work in an efficient and productive manner.
Working with the CAATs, it is essential for the accountant or the auditor to select the right data, the selection process is very much tricky, and you need to be professional for it. After selecting the right data, import that to the CAATs, now the tool will automatically generate the analytical data. This tool really contributes to the efficiency of the auditors.
The fundamental course outline include:---
Computer Auditing Overview
Legal and Ethical Issues for Computer Auditors
Computer Auditing Project Planning
Data Access Skill and Knowledge
Data Verify Skill and Knowledge
Data Analysis Skill and Knowledge
Audit Finding Report Skill and Knowledge
CAATs provides auditors with tools that can identify unexpected or unexplained patterns in data that may indicate fraud. Whether the CAATs is simple or complex, data analysis provides many benefits in the prevention and detection of fraud.
Continuous monitoring is an ongoing process for acquiring, analyzing, and reporting on business data to identify and respond to operational business risks. For auditors to ensure a comprehensive approach to acquire, analyze, and report on business data, they must make certain the organization continuously monitors user activity on all computer systems, business transactions and processes, and application controls.
AN EXAMPLE ?
ACL Services Ltd. is a company based in Vancouver, British Columbia, Canada that provides data analytics, governance, risk management, and compliance (GRC) software, and consulting services in risk and audit management. Their flagship analytics products have been referred to as one of "the most widely used" data extraction tools
ACL has 14,000+ customers including:---
89% of Fortune 500 companies
200+ government departments in 37 national governments worldwide
500+ regional, state and local governments
ACL's customer base includes companies in a variety of industries including:---
ACL offers the following solutions:--
Audit Management - for internal audit
Compliance Management - for compliance & legal, accounting & finance, IT, internal audit
Operational Risk Management - for accounting & finance, IT, risk management, internal audit
Fraud Management - for compliance & legal, accounting & finance, IT, internal audit
IN FRAUD USING SHELL COMPANIES AND LAYERING TECHNIQUES –THE APPLE INDEED FALLS FAR AWAY FROM THE FUCKIN’ TREE
IN INDIA WE EXPECT A PANDU HAVALDAR WITH KHAINI IN HIS MOUTH TO CRACK FINANCIAL FRAUD
RAGADKE KHAINI MOONH MEIN DHAAL
ALMOST ALL BIG FISH IN INDIA OPERATES SHELL COMPANIES.
THERE IS HARDLY A FINANCIAL FRAUD IN INDIA WITHOUT INVOLVEMENT OF SHELL COMPANIES.
THESE ARE POST ROBBERY GETAWAY CARS OR "STOLEN TREASURE" MULES
A charter school is a term for a school that receives government funding but operates independently of the established public school system in which it is located, and in some cases are privately owned.
Charter schools are an example of alternative education and public asset privatization. Obama supported the spread of charter schools..
There is a cozy relationships between charter schools and their Zionist Jew management companies .
Such slimy relationships are resulting in potential conflicts of interest, transactions between related parties that could result in self-dealing, and insufficient segregation of duties between the schools and their management companies.
Charter schools simply mean leasing the administration and management of government schools to private education providers and NGOs while the funding is done by the state.
A lack of separation between the schools and their management companies can lead to internal control weaknesses that open the door to DELIBERATE waste, fraud and abuse; a lack of accountability over federal funds..
When you have really lax charter school laws, it becomes an open playing field for FRAUD and money laundering. In USA corporations are using their control over charter schools and their affiliates to obtain unreasonable management fees for their services and funnel money intended for charter schools into other business ventures
Rothschild’s agent JEW Muhammed Fethullah Gülen is a former SUFI imam. He is the founder of the Gülen movement (known as Hizmet meaning service in Turkish), and the inspiration figure for its largest organization, the Alliance for Shared Values.
He currently lives in exile in the United States, residing in USA . He is sought by the Turkish government for alleged involvement in the 2016 coup attempt in Turkey.
Gülen Movement Schools are a network of private or semi-private schools founded by the members of the Gülen (Fethullah Gülen) movement. In 2009 it was estimated that members of the Gülen movement ran schools that serve more than 2 million students, many with full scholarships.
Estimates of the number of schools and educational institutions varied widely, with about 300 schools in Turkey and over 1,000 schools worldwide.
In Pakistan they encourage Islam in their dormitories, where teachers set examples in lifestyle and prayer", and described the Turkish schools as offering a gentler approach to Islam that could help reduce the influence of extremism.
THIS IS JEWISH INFLITRATION.
JEWESS Malala Yousafzai’s father is also in the education business
In India there are more than ten nine schools affiliated to the Gulenist philosophy of CTYPTO JEW Sufi --and civil society organisations have held inter-faith dialogue following the model of the Gulenist movement.
Fethullah Gulen’s followers had participated in the World Sufi Forum held in Delhi where Prime Minister Narendra Modi had participated. The All India Ulama and Mashaikh Board (AIUMB) said that Gulen baby also was one of the probable invitees to the Sufi meet.
ALL THIS IS AN EQUIVALENT OF COMMUNIST JNU –BRAINWASHING
NOW YOU KNOW WHY TWO SUFI CLERICS WENT MISSING IN PAKISTAN
Below:-- " Nobel prize winner JEWESS Malala Yousafzai's father
Malala’s father , a crypto Jew is currently the United Nations Special Advisor on Global Education and also the educational attaché of Pakistan in its consulate in Birmingham, UK. Jew Rothschild’s media just loves him . Malala’s grandfather was part of Khudai Khidmatgar..
The crypto Jew organization Khudai Khidmatgar full of crypto Jew Pashtuns ,was created by Jew Rothschild a century ago.. . The movement was led by BHARAT RATNA Crypto Jew Khan Abdul Ghaffar Khan, known as Badshah Khan. He worked in tandem with Jew Rothschild’s agent Gandhi –and Jew Rothschild’s media called him FRONTIER GANDHI
JEW ROTHSCHILDs AGENTS FOR NON-VIOLENCE ..
IF CHINESE INVADE INDIA, WE WILL NOT BE SPINNING THE CHARKHA ---
WE WILL GIVE MOONH TODH FUCKIN' JAWAAB , AS TAUGHT BY BHAGAWAD GITA
RICH BOLLYWOOD STAR CHEATING -- HE IS NOT AN NRI
WHY DID IDI AMIN THROW OUT INDIANS?
HE FOUND THAT ALL RICH INDIANS WERE SIPHONING OFF UGANDAs WEALTH USING SHELL COMPANIES
In early August 1972, the President of Uganda, Idi Amin, ordered the expulsion of his country's Asian minority, giving them 90 days to leave the country. At the time of the expulsion, there were approximately 80,000 Indians in Uganda
Idi Amin rightly accused the rich Indians of commercial malpractice , fraud using shell companies and sabotaging Uganda’s economy ..
These corrupt filthy rich Indians with operating shell companies abroad where they had salted away their loot had no problem -- 28000 subsequently emigrated to the United Kingdom , 6,300 went to Canada—hundreds went to Switzerland , USA , Australia, Austria, Sweden, Norway, Mauritius and New Zealand.
The crypto Jew Ismaili Khans went to Canada.
Only 3900 ( poor labourer Indians ) came back to India..
Amin's decrees drew immediate condemnation, including from India, who severed diplomatic relations with Uganda.
The Indian government warned Uganda of dire consequences, but took no action when Amin's government ignored the ultimatum.
The United Kingdom froze a £10 million loan which had been arranged the previous year; Amin simply shrugged this off.
WE ALL HEARD OF VIJAYA MALLA AND HIS BANKRUPTCY .
HOW MANY OF YOU HEARD OF THE GRAND DADDY OF THEM ALL – RAJINDER SETHIA ?
HE WAS IN THE GUINNESS BOOK OF WORLD RECORDS..
In a span of just 30 months, the Rs 750-crore Rajinder baby’s Sethia empire had collapsed like a house of cards, his flagship, Esal Commodities, liquidated and its creditors, including three Indian banks, were baying for his blood to recover the approximate $160 million they had loaned him . All this at a time when one dollar could buy something..
Rajinder Sethia, went down as the world's biggest bankrupt in 1985 with more than $160 million in unpaid loans and then spent 715 days in Tihar jail.
SEVERAL INDIANS ARE STILL AROUND WATCHING FOR COUPS IN AFRICAN NATIONS
AS SOON AS THE COUP STARTS THEY CREATE FAKE SHELL COMPANIES AND CREATE FAKE BUSINESS PAPERS TO SHOW THAT THEY LOST BIG MONEY IN THAT NATION..
BANKRUPTCY FRAUD USING SHELL COMPANIES HAS NOT YET BEEN ADDRESSED BY THIS PLANET
I WILL DESCRIBE IT IN MINUTE DETAIL
During the investigation, Sethia baby insisted that he had shipped sugar worth Rs 13 crores to Sudan, and urged PNB to reduce the same amount from his outstanding bills.
The bank obliged.
However, when CBI investigated, it found that no sugar had been shipped- and maintained that Rajendra Sethia had substituted fake documents for original ones to cover up the fraud.
As a result, the Punjab National Bank revised the entry, which made his due amount go back to the original.
MODUS OPERANDI TO CLAIM BUSINESS LOSSES IN AFRICAN COUNTRIES WHICH HAD COUPS.. ALL DOCUMENST ARE FORGED
CBI counsel charged that Sethia baby had manipulated documents, acted in collusion with the employees of the concerned Indian banks, and under the garb of exporting consignments to nonexistent African companies taken loans worth over Rs 150 crore from the Punjab National Bank (PNB) and over Rs 100 crore from the Central Bank of India and the Union Bank of India,
CBI lawyers contended that Sethia did not give proper securities for procuring these loans. CBI officials were sure that Sethia could not have got his loans without the connivance of influential people in Indian banks and elsewhere
In 1983, Nigeria saw the infamous military coup headed by current President Muhammadu Buhari. The democratic government was ousted, the military seized power, Nigeria cut ties with the IMF. For two years, Buhari’s reign of terror continued- then in 1985, another military coup happened- which resulted in even more blunders.
Together, the two coups wrecked the country’s economy.
And Sethia baby claimed that he was just another footnote in the list of casualties.
Rajinder Sethia was like a meterorite. An NRI businessman, he owned Esal Commodities. Apart from that, he owned a “White House” in London, businesses in Africa, houses in New York, Mercedes and Rolls Royces, a Boeing, casinos, a fleet of ships and dozens of trading companies.
Sethia baby was a bigger king of good times than Vijay Mallya ..
Son of a “jute mill” ( sic ) owning family in Calcutta ( Jew Rothschild’s partner in the Opium business ) , Rajendra and his siblings were brought up in London.
All Jew Rothschild’s ex-Opium drug running Marwari partners in Calcutta, were experts in the shell company deception.
Rajendra Singh Sethia, emerged in 1977, when he set up his flagship business Esal Commodities.
After five years, Sethia baby managed to increase the company turnover from a few lakhs to Rs 600 crores.
He was that good—read as that slimy ..
You don’t get super rich that fast, unless you are a crook
He knew how to get Indian Bank managers in his pocket. Even today retired bank officers stay in his houses
He formed trade relations with Indian banks in London in 1979- including Central Bank and Punjab National Bank.
With his “charm” and business acumen ( sic ) , Sethia baby managed to raise a huge amount of money from the same banks, which he invested in his businesses in Africa (sic )..
EVEN TODAY WE HAVE INDIAN BANK MANAGERS GIVING HUMONGOUS LOANS TO DESH DROHI INDIANS WHO OPEN HOTELS AND BUSINESSES ABROAD -- TO EMPLOY WHITE MEN AND GIVE THEM SALARIES AND PENSIONS.
WE POOR INDIANS SLOG OUR ASSES OFF , AND PAY TAXES BY THE SWEAT OF OUR BALLS --FOR THIS..
HULLLLOOOOOO “MY FRIEND ARUN” IF YOU DON’T WAKE UP- I WILL PUT A SPECIAL POST ON YOU.
YOUR MASTER PM MODI ( OF I CAN MAKE MISTAKES BUT NEVER DO ANYTHING INTENTIONALLY WRONG FAME ) WILL NOT BE ABLE TO SAVE YOU ..
WE ARE DONE WITH ATTEMPTING TO WAKE YOU UP — WHILE YOU PRETEND TO SLEEP !
Rajinder Sethia prospered, buying properties, living a king-size life with his wife Laxmi and by 1983, he was rolling in wealth. His second wife Sonia died recently in a car crash. She was Bollywood star Feroz Khan’s wife Hindu woman Sundari’s daughter ( before she married him ) –the step sister of Fardeen Khan.
TO BE CONTINUED--
CAPT AJIT VAADKAYIL