Internal Control and Fraud Prevention
How does your organisation manage fraud risk? Do you know that according to the Association of Certified Fraud Examiner’s 2014 Report to the Nations, a typical organisation loses 5% of revenues each year to fraud? If applied to the 2013 estimated Gross World Product (GWP), this translates to a potential projected global fraud loss of[...]
Ethics & Anti-Fraud Management
Do you know that according to the Association of Certified Fraud Examiner’s 2014 Report to the Nations, employees committed 42% of occupational frauds but only caused a median loss of USD 75,000? Managers ranked in the middle, committing 36% of frauds with a median loss of USD 130,000. Conversely, owners/executives only accounted for 19% of[...]
Contemporary Challenges for Audit Committees
Against the increasingly complex industry and regulatory environment, there is heightened pressure on Audit Committees to be vigilant in monitoring the governance and oversight of companies. First issued in October 2008, a second edition of the Guidebook for Audit Committees in Singapore was issued in August 2014 to provide a practical guidance for Audit Committees[...]
Managing Procurement Fraud
Are you involved in procurement? According to The PwC Global Economic Crime Survey 2014, 29% of organisations had experienced procurement fraud. Is your organisation part of this percentage? The Survey also reported that procurement fraud was most common at the vendor selection stage, followed by the bid process. The sectors reporting the most procurement fraud[...]
Two Day Seminar: Advanced Risk-based Auditing
INTRODUCTION The need to manage risks is increasingly recognised as essential to effective corporate governance and to maintaining an effective system of internal control. Internal audit plays a key role in providing assurance that risks to the organisation are properly managed. Risk-based auditing links internal audit to an organisation’s overall risk management framework. This course[...]
Forensic Auditing
Programme Objective This workshop aims to provide participants with current updates, the relevant approach and tools in forensic auditing. Financial professionals are now placed in the forefront to acquire skills that enable them to gather evidence, reconstruct financial trails, and prove how losses occurred and likely suspects. Computerised business environment also entails that forensic methodology[...]
Root Causes Analysis
Programme Objective Smart organisations and wise leaders recognise the importance of systematically preventing and solving for underlying issues rather than just treating ad hoc symptoms and putting out fires; proactively solving problems early and channelling limited time and resources to where it is most impactful, especially in a challenging economy. Root cause analysis is increasingly[...]
Corrupt Practices in Commercial and Public Sectors: How to identify and manage them
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[...]
Ethics & Anti-Fraud Management
Programme Objective Do you know that according to the Association of Certified Fraud Examiner’s 2014 Report to the Nations, employees committed 42% of occupational frauds but only caused a median loss of USD 75,000? Managers ranked in the middle, committing 36% of frauds with a median loss of USD 130,000. Conversely, owners/executives only accounted for[...]
Thinking Like a Fraudster
Programme Objective As COVID-19 pandemic continues to ravage the economy, it is not hard to see why the crisis might provide fertile ground for fraud. The combination of financial and health threats makes organisations more vulnerable and creates opportunities for fraudsters. How long will it be before employees in your organisation are guilty of[...]