Dr AJ Purcell delivers lecture on topic ‘A Behavioural Reflection on Fraud and Corruption’ at Amity

A high level delegation of CPA Australia visited Amity Campus, Sector 125 Noida to conduct a Workshop and Information session on topic “A Behavioural Reflection on Fraud and Corruption:Lessons learned and the mistakes made”.

The delegation led by Dr AJ Purcell – Chief Auditor of CPA Australia, included Mr. Mark Chau - Regional Manager, Employer - International, Business Development; Michele Chan - Senior Manager Business Development - HK & Macau; Ms. Preeti Dang, Business Head,Professional Connect and Ms.  Babita Passi – Assistant Manager, Professional Connect (Liaison office of CPA Australia). They were welcomed by Dr. Sanjeev Bansal, Director, Amity Business School and Dr. Sujata Khandai,Officiating Director, Amity College of Commerce and Finance.

Welcoming the guests, Dr. Sujata Khandai briefed them about the historical background of the University, its academic programmes, facilities achievements, patents filed by researchers and scientists and accreditation of the University. She further added that such workshop provides an exposure towards Self Actualization which maximizes an individual’s potential by encouraging oneself to do best that a person is capable of doing. She advised students to charter map for their career through self actualization.

Sharing his views, Mr. AJ Purcell said thatCorruption is generally associated with dishonesty, whereas misconduct is often associated with ethical misconduct or professional misconduct. He further added that fraud is usually an amalgamation of three things, motive, opportunity and rationalization. He appraised that silence in the organization and certain behaviors provide the environment for fraud and corruption to occur. Hence, the power of culture shouldn’t be under-estimated. Mr. Purcell highlighted the factors that can prevent misconduct which are attention, reaction to crisis, resource allocation, role modeling, rewards and selection/dismissal mechanism. He stressed that it is important to understand the behavior as behavior or performance is interrelated to situation and person. He pointed that inherent risks can be influenced by an agency’s discretion or unitary powers like bribery, conflict of interest, partiality or misuse of resources. Mr. Purcell avers that it is important to focus attention on preventative and detective controls such as authorization, completeness, delegation of authorization,separation of duties, reconciliations, enforced periods of leave and reference checks.

During the lecture, Mr. Purcell briefed about CPA Australia, he said that CPA Australia accredits close to 700 accounting programs of 199 higher education providers around the world to ensure the quality of accounting programs remains high and relevant to industry and the profession’s needs. He mentioned that with the CPA accreditation an Institute or University can equip accounting graduates with the ability to overcome the challenges of the increasing pace of globalization, international economic integration, and organizations’ increased financial accountabilities and producing world-class accounting professionals.

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