Practitioners Insights: Forensic accounting
- April 26, 2021
- 5:30 PM - 6:30 PM IST
We are pleased to announce the upcoming webinar with Nitin Bhasin & Vinit Powle on 26th April 2021, 5.30 pm IST.
Reverberations of accounting shenanigans were felt by the Indian economy throughout last decade. Higher investment returns were directly correlated to better accounting quality. Despite several regulatory actions and significant amendments to financial reporting/governance standards in the past decade, a certain degree of risk from poor accounting quality still looms over India Inc. Moreover, accounting risks are also changing! For instance, Ind-AS offers more flexibility to management on areas like timing of revenue recognition, impairment assessment, fair valuations etc. With ESG theme-based investing gaining momentum in the backdrop of lack of ESG-related disclosures, high subjectivity in analysis and lack of strong understanding about ESG parameters, accounting quality can at least act as a strong first-level indicator of governance practices of a company. Lastly, data suggests including accounting quality parameters during portfolio constructions can help in outperforming the broader markets.
Co-Head of Institutional Equities & Head of Equity Research, Ambit Group
Nitin has nearly 19 years of experience, including 17 years in equity research. Apart from leading the research team at Ambit, Nitin writes thematic pieces and equity market strategy; presently he also covers mid cap sectors and in the past has covered Engineering & Construction, Infrastructure, Cement and Building Materials sectors. Nitin also played a pivotal role in building the forensic accounting framework at Ambit to assist investors in weeding out companies with weak accounting quality. Before joining Ambit, Nitin worked with Execution Noble, Kotak, Emkay and Way2Wealth. Nitin is a Chartered Accountant, Company Secretary and has cleared CFA (Level-II) and holds a Master’s degree in Accounts, Statistics and Financial Management from Kurukshetra University.
Associate Vice President – Institutional Equities, Ambit Capital
Vinit has over eight years of experience, including three years in equity research. Before joining Ambit, Vinit worked with KPMG for five years where he led audit and assurance assignments across multiple sectors including FMCG, Agri-inputs, Chemicals and Pharma. Leveraging his knowledge and experience in the accounting/governance landscape in India, in Ambit, Vinit is responsible for developing, monitoring and improving the forensic accounting and ESG frameworks using a wide range of financial and non-financial information. Vinit is a Chartered Accountant and holds a bachelor’s degree in Accounts, Economics and Financial Management from Mumbai University.
CFA Society India members: Free | CFA Level 3 Cleared: INR 100 | CFA program candidates: INR 100 | Others: INR 150
|This event is qualified for 1.0 PL credit hours for CFA Society India members||Global Passport Accredited Programme Allows members of participating CFA societies to attend each other's society events at the local member price|