a presentation by ca manish j. sheth · pdf filecrime of forgery since, after all, it is an...

A Presentation by

CA MANISH J. SHETH

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When the situation seems to be exactlywhat it appears to be, the closest likelyalternative is that the situation has beencompletely faked; when fakery seemsextremely evident, the next most probablepossibility is that nothing fake is present

-Erving Goffman

Because,Everything is not what it seems …..

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Contents Introduction History of Forgery Types of forgeries Reasons of Forgeries Detection of Forged documents Forgery prevention methods

The term forgery has been derived from the noun ‘Forge’

A forge is a workshop where pig iron is transformed into wrought iron and anything that has been fabricated is said to have been forged

Introduction

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The process of • Making,• Adapting,• Or imitating objects,• Statistics• Or documents with the intent to deceive for

the sake of altering the public perception• or to earn profit by selling the forged item or

both

Thus, forgery means…

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History of Forgery

• Forgery in the medieval times

• No place had remained untouched from this crime of forgery since, after all, it is an invention of the human mind.

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From Rome…

Counterfeit Roman coins

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To India…

Counterfeit Indian coins

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Here is a publicnotice put up on thestreets in 1877 forthe apprehension ofa forger of bills ofexchange

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Types of forgery

Bank cheque forgery Currency note forgery Documents forgery Digital Signature Certificate forgery Gems and Jewellery forgery Audio/Video Piracy Software Piracy

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Weaknesses in Internal Control System Negligence of the management Inadequate recruitment processes Lack of job segregation Inadequate access controls to physical assets

and IT security systems lack of adequate documentation Management override of controls

Reasons for forgery

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Lack of official stamps/official seals and paper quality

A variety of fonts used and Handwriting Informal or inaccurate language MICR code in case of cheques and font used on

a cheque Scrutinizing borders Signature Size of documents and envelopes

Detection of forged documents

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Forgery Prevention Methods

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Developing an anti-fraud strategy

An anti-fraud strategy has the following components:

Prevention Detection Deterrence Response

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Developing an anti-fraud strategy

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Conclusionll Arthanaamarjane Dukham

Dukhmarjitanaam cha rakshaneAaye Dukham Vyaye DukhamDhigarthan kasht sanshritaan ll

‘There is sorrow when one does not possess wealth, there is fear whenone possesses it by wrong means. Existence or absence of wealth bothcauses sorrow. Both involve pain’

“If falsehood, like truth, had only one face, we would be in better shape. For we would take as certain the opposite of what the liar said. But the

reverse of truth has a hundred thousand shapes and a limitless field”-Montaigne

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ContactCA Manish J. Sheth

manishjshethca@gmail.com

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