Programme Objective

In recent years, several high profile cases of corrupt practices have been reported in the news. When such case surfaces, questions are often asked how it could happen and if it could have been avoided. With recent preventive measures implementing in the public sector, how should individuals react to the changes and should the commercial sector have similar measures?

This course will explain to participants how such corrupt practices have happened and if there are better ways to handle such practices. The course aims to provide the participants in businesses and public sector with the following:

1. Knowledge and skills to identify possibilities of corrupt practices;
2. Practical tools to improve the controls and management process, so as to minimise and/or prevent such corrupt practices from happening

Programme Outline

• Corrupt practices: What are they? How to identify them?
• Characteristics of businesses and public sector: differences and similarities in corrupt practices and approaches in handling them
• Discuss the key risks associated with the critical functions such as procurement, management of assets, customer relations
• Identify the key components in these functions
• Internal controls & its importance for these functions
• Design of a good system of internal controls for these functions
• Practical tools to use for prevention of corrupt practices
• Impact on recent developments in both commercial and public sectors

Training Methodology
Lecture style, with Exercises/Case Studies

Closing Date for Registration
1 week before programme or until full enrolment

Intended For

A Foundation to Advanced level programme intended for both Practising and Non-Practising Accountants and Auditors. Those who would like to have the necessary knowledge and skills to identify the corrupt practices in their organizations, particularly in businesses and public sector, and possible ways to prevent them. Relevant case studies will be used for discussions and illustrations. Recent measures implementing in the public sector and their likely impact will also be discussed.