The Vigilance Study Circle (Delhi and NCR) in association with CII convened the second roundtable interaction between Chief Vigilance Officers(CVOs) of the public sector and their counter parts, the Compliance Officers from the Private Sector held recently in Delhi to discuss Forensic Accounting and Whistle Blower Policy.
The chief guest, KV Chowdary, Central Vigilance Commissioner expressed the need for forensic investigation being a wider area on larger note instead of forensic accounting adding that automation can easily identify the issues and cause. He spoke on usage of IT to detect the fudging activities .
The CVC referred to articles 32 and 33 of The United Nations Convention against Corruption (UNCAC) on whistle blower protection and spoke on suage of the policy in a right way and, how it is misused. He stressed that he is concerned on witness protection since it is very sensitive. He suggested that common people should be able to understand the Whistle Blower Act and how to raise a complaint.
Sudhir Kapur, member, CII National Council in his welcome address spoke on Forensic Accounting and Whistle Blower Policy. Parvez Hayat, IPS, chief vigilance officer and president, Vigilance Study Circle (Delhi&NCR) in his address detailed the importance of VSC and vigilance activities carried out by the public sectors through CVC. He said public and private sector should support each other and work towards fighting corruption as a common objective. Further, he said that the market, infact, does not operate in silos.
Tejal Patil, general counsel, GE shared GE credentials on ethical practices. Sandhya Vasudevan, COO, Deutshe Bank spoke on a collective working towards eradicating the corruption.
K Subramanian, AG, J&K pointed out that whistle blower is currently recognised as an instrument to bring out the corruption cases across public and private sectors.