BML Munjal University (BMU), founded by The Hero Group, has entered into an agreement with KPMG to provide training in ‘Forensic Accounting and Corporate Fraud’ to the students enrolled at the University in its recently launched full-time MBA in Accounting and Finance.
BMU will be the first University in India to offer a MBA with a specialization in Forensic Accounting and Corporate Fraud, and amongst the few globally.
As a part of the agreement, KPMG will, on a non-exclusive basis, prepare the course structure, develop course content, make suitable technical faculties available for delivering training to participants on ‘Forensic Accounting and Corporate Fraud’. A team from KPMG, led by Mr. Akhil Bansal, Dy CEO, KPMG, and Mr. Sunil Kant Munjal, Chancellor, BML Munjal University, officially announced this academic partnership. KPMG has also partnered with BML Munjal University to offer KPMG Course for Accounting Professionals (KCAP) programme to the students enrolled at the University in BBA and B.Com (Hons) programme, starting in 2015.
BML Munjal University has forged this academic partnership in Forensic Accounting in keeping with its philosophy to design programmes which are unique, industry relevant, have substantial impact on the management profession business and society, address the skill and resource gap in India and the world, and create a mindset of inquiry.
In addition to preparing the course structure, developing or procuring the course content and providing training in Forensic Accounting and Corporate Fraud for the MBA course, KPMG will also provide the students access to its LMS (Learning Management System) support covering: session videos and presentations, and features like ‘Ask An Expert’ and assessments.
Announcing the launch Mr. Sunil Kant Munjal said, “We are happy to engage with KPMG for the Forensic Accounting & Corporate Fraud specialisation for our MBA in Accounting and Finance, which shall be the first course of its kind in India. KPMG’s credentials in this domain are exemplary and I sincerely believe that together we can develop a world-class programme to fulfil a deficit in professional manpower in the area of forensic accounting.”
Akhil Bansal, Dy CEO, KPMG in India, took this opportunity to share his perspectives on the impact of corporate fraud on life and the corporate world. He emphasised on the need for specialized manpower not just in India, but across the globe.
Commenting on the collaboration with BMU, Akhil Bansal said, “There has been a rise in the intensity and level of corporate fraud globally and it has been a challenge to pre-empt such white collar crimes on several occasions. I am hopeful that this course will help in building a brigade of professionals who are equipped to fight this.”
Mentored by Imperial College London, ranked 2nd in the QS World University Rankings -with academic support from the distinguished faculty of BML Munjal University and KPMG, this unique programme offers a new career alternative to students of commerce, CA, ICWA, CS and allied areas. The programme structure includes core courses, which help students grasp theory and business fundamentals; skill courses that allow students to acquire a range of life skills needed to be successful at the workplace – such as communication and presentation, leadership; perspective courses that help students see the larger picture, contextualise problems, and acquire a better understanding of the core; and elective courses, which give students the freedom to explore and develop expertise in subjects that interest them.
The programme will allow students in the second year to choose from six career specializations – Forensic Accounting, Chartered Accounting, Individual Financial Planning, Investment Banking, Forex, Treasury, and Risk Management, Management Accounting-depending on their interest.
Forensic Accounting is an important tool to protect, detect and respond in the areas of bribery and corruption, fraud and loss management, money laundering, etc. Forensic Accounting includes financial investigations, background and verification services, anti-money laundering services, channel partner reviews, corporate intelligence services, intellectual property, contract compliance, etc.
Commenting on the collaboration, Mr. Akshay Munjal, President, BML Munjal University, said, “There is an unprecedented opportunity for entry-level and seasoned practitioners in the fraud examination and financial forensics fields globally. Our engagement with KPMG will allow our MBA students to gain knowledge from experts with practical experience in forensic services, thereby improving their employability prospects upon graduating from the University.”
