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CFE-In-Practice Fact Book

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    CFE-In-Practice Fact Book CFE-In-Practice Fact Book Document Transcript

    • CFE-In-Practice 2005 Factbook January 2, 2005
    • CFE-In-Practice ADDITIONAL INFORMATION IS AVAILABLE ON LINE AT www.cfe-in-practice.com CFE-In-Practice PRINCIPLE CLIENT FOCUS INTEGRITY INTELLIGENCE INDEPENDENCE 2 CFE-In-Practice Integrity. Intelligence. Independence.
    • CFE-In-Practice ADDITIONAL INFORMATION IS AVAILABLE ON LINE AT www.cfe-in-practice.com Table of Contents 4 | About the Factbook & Contact Information 5 | Overview 6 | Our People 6 | Profile of Tommy Seah 7 | Our Services 8 ~ 9 | Fraud Investigation 9 | Consultancy Service 10 ~ 11 | Professional Coaching 10 | Professional Coaching 11 | Fraud Prevention Workshop 12 | Our Clients 3 CFE-In-Practice Integrity. Intelligence. Independence.
    • CFE-In-Practice ADDITIONAL INFORMATION IS AVAILABLE ON LINE AT www.cfe-in-practice.com About the Factbook This CFE-In-Practice Factbook has been developed as a reference for the corporations and other interested parties. It is designed to provide an introduction to CFE-In- Practice and to be a convenient compendium of information to assist readers in their understanding of the company. Beginning in 2002, the Factbook will be updated at least annually to reflect updated information. Contact Information For questions about CFE-In-Practice, please contact us at: Email: enquiry@cfe-in-practice.com As illustrated above, we have incorporated into the top margin of most pages of the Factbook the URL addresses for CFE-In-Practice web pages where you can access additional or downloadable information. Simply type the URL into your web browser’s address box, or click on it in the online version of the Factbook, to access this information. VISIT US ON THE WEB CFE-In-Practice: www.cfe-in-practice.com 4 CFE-In-Practice Integrity. Intelligence. Independence.
    • CFE-In-Practice ADDITIONAL INFORMATION IS AVAILABLE ON LINE AT www.cfe-in-practice.com Overview ABOUT CFE-In-Practice “CFE” stands for Certified Fraud Examiner. A Certified Fraud Examiner (CFE) is a specialist in the detection and deterrence of a wide variety of white-collar crimes - from discovering employees or executives who misappropriate company assets to assisting investors who are defrauded in the course of commercial transactions. All Certified Fraud Examiners must meet the rigorous criteria for admission to the Association. Thereafter, they must exemplify the highest moral and ethical standards and must agree to abide by the bylaws of the Association of Certified Fraud Examiners' Code of Professional ethics. OUR CORPORATE PHILOSOPHY Our commitment to our clients is to evaluate the cost and value of various programmes with design options to best suit our client's needs; assuring that the design can be constructed to meet all budget and schedule expectations. It is essential that our approach to consultancy and training maximise the financial benefits, quality and satisfaction for our Client. OUR MISSION We offer a complete range of financial training and consultancy services, and we accomplish these with efficiency and insight. We anticipate the industry needs and predict them so that we can equip the industry with the very latest knowledge. Our Professional Coaching service and training programmes are designed to give participants a real insight into various disciplines. Research and consultancy work keep us informed. Apart from offering consultancy and training programmes, CFE-In-Practice plays a pivotal role in helping corporations both in Singapore and overseas. Our in-depth training analysis can help you improve your business quality and service. Tailored business solutions can enhance employee performance. Accreditation of in-house training courses and programmes can add stature and impetus. Company-specific seminars Accreditation of in-house training programmes Our Professional Coaching services help identify and resolve performance enhancement issues such as: Interviewing skills; Investigation techniques; Effective report writing skills; technical financial training; customer care and selling; management and leadership; interpersonal and communication skills; team building; train the trainer; enhance staff motivation and retention. 5 CFE-In-Practice Integrity. Intelligence. Independence.
    • CFE-In-Practice ADDITIONAL INFORMATION IS AVAILABLE ON LINE AT www.cfe-in-practice.com OUR PEOPLE Our people are our foundation. We have attracted and retained experienced, competent, and highly trained professionals who are skilled in the disciplines of financial management and risk management. Their broad base of experience that we are able to assemble a team to undertake nearly any business challenge in any location. PROFILE OF TOMMY SEAH TOMMY SEAH CFE ( Texas, USA) Tommy Seah is on the American Board of Regents of The Association Of Certifired Fraud Examiners. He is the first and the only Asian elected to this high office. He is a Certified Fraud Examiner. CFE is a post graduate professional qualification recognized by the USA Central Intelligence Agency and the FBI in there recruitment of auditors for combating fraud. His services in providing technical training are much sought after by numerous banks in the region, including Indonesia, Philippines and Taiwan. Tommy's previous experience includes systems based auditing in an American International Bank, where he was the Senior Regional Auditor responsible for the Bank's audit in the Asia Pacific region. He has also held the top executive position of Chief of Internal Audit in a prime offshore bank where his audit duties cover the Singapore and Hong Kong operations of the bank. His brief covers all areas of the bank's audit of operations and EDP systems. He also has practical working experience in the Operations Department of a foreign bank. Tommy holds professional graduate diplomas from two Banking Institutes including the prestigious Chartered Institute of Bankers (UK). He is the only Singaporean that scores a quot;Double Firstquot; in the English accountancy examination and was consequently awarded the F.W. Perks prize in Financial Management. Besides being a qualified member of two U.K. professional accounting bodies, he is also a member of the Institute of Internal Auditors (USA) and Information Systems Audit And Control Association (ISACA). In this region, Tommy Seah is the only Singaporean who holds the membership grade of Senior Associate of Malaysian Institute of Bankers. For the past twenty years, Tommy has trained numerous bank auditors and consulted by numerous lawyers in the region. Financial Instruments, Foreign Exchange, Money Market Options, Derivatives and Swaps are his special interests. He devotes a substantial portion of his time in research work and is presently available on retainer to selected established banks for loss prevention consultancy. Today, he is still very much a hands-on accountant, auditor and investigator. 6 CFE-In-Practice Integrity. Intelligence. Independence.
    • CFE-In-Practice ADDITIONAL INFORMATION IS AVAILABLE ON LINE AT www.cfe-in-practice.com OUR SERVICES Using a matrix of automated and manual techniques, massive experience, intelligence and analytical expertise, we identify where losses and problems - however caused – are occurring or could occur; how profits can be optimized and assets secured through: Corporate Fraud ...arguably the best corporate fraud investigation team in the Asia Detecting all forms of corporate fraud in various industries Investigating and resolving the suspicions of dishonesty, professionally and quietly Optimizing and recovering losses Management Consultancy Service ...independent ears and eyes Providing a source of specialist advice to top managers Responding rapidly to problems, world wide Training and Publications ...improving skills and confidence Providing the knowledge to make internal teams more effective Improving the quality and standing of audit, security and control Profit Optimization - the ultimate health check Preventing, detecting and investigating losses and problems, however caused Optimizing revenues Adding between 2% and 15% of turnover to profits, without re-engineering or disruption Optimizing control systems and resources Optimizing and securing knowledge and intellectual capital Optimizing and securing pension funds Business Intelligence ...seizing opportunities and avoiding problems Providing intelligence on markets, competitors, risks, compliance and much more Enabling opportunities to be seized and problems avoided Telling you what no one else can in the industry Due Diligence ...avoiding unpleasant surprises Monitoring and screening important commercial decisions, acquisitions, compliance and employment in the industry Ensuring that entrepreneurial objectives are achieved in the industry Business Reconstruction and Debt Recovery Ensuring that credit strategy is optimized Tracing and recovering debts and hidden assets Providing alternatives to creditors’ liquidations Risk Analysis ...avoiding the inevitable Identifying risks in high technology and other specialist areas Developing Control Self Assessment packages 7 CFE-In-Practice Integrity. Intelligence. Independence.
    • CFE-In-Practice ADDITIONAL INFORMATION IS AVAILABLE ON LINE AT www.cfe-in-practice.com FRAUD INVESTIGATION Crime comes in many forms. Fraud sometimes finds its way into the banking world, and the damage it can do is sadly extensive. Businesses, and indeed, individuals are destroyed by this crime. CFE-In-Practice, takes fraud very seriously. We are the Certified Fraud Examiners in practice. We are licensed by the Singapore Police (License No. 02496) to provide investigation service. We are the fraud specialists who can help. WHAT DOES A CERTIFIED FRAUD EXAMINER DO? A Certified Fraud Examiner is responsible for resolving allegations of fraud, obtaining evidence, taking statements, writing reports, testifying to findings, and assisting in the prevention and detection of fraud and white-collar crime. WHO UTILIZES CERTIFIED FRAUD EXAMINERS? Most corporations as well as governmental agencies in the United States and throughout the world employ certified fraud examiners. CFE is one of the three preferred and recognised qualification by the Central Intelligence Agency of the United States of America in its recruitment for auditors. Certified Fraud Examiners are charged with investigating a wide variety of allegations of fraud, primarily within their own organizations. Certified Fraud Examiners can also provide investigative and consulting services to law firms, business enterprises, and others in the area of litigation support, fraud investigation, and fraud prevention. Fraud occurs when all the following exist: an individual or an organisation intentionally makes an untrue representation about an important fact or event; the untrue representation is believed by the victim (the person or organisation to whom the representation has been made); the victim relies upon and acts upon the untrue representation; the victim suffers loss of money and/or property as a result of relying upon and acting upon the untrue representation. Every corporation needs a channel through which employees, suppliers, contractors and other third parties can report irregular activities, free from victimisation or repercussions. The primary means of detecting fraud will and should always remain a sound system of internal control and regular internal audits. These measures should be supplemented with a fraud-reporting channel where information regarding fraud, theft and corruption is collected, and decisive corrective and protective steps are taken to limit the bank's exposure to further or future loss. Most companies have embraced the concept of a crime-reporting channel through which interested parties can report irregular activities by staff, outside individuals or companies towards their organisation. The costs involved in installing such a channel have proved prohibitive to many companies, or the cost involved is not considered justified in light of their perceived problem. CFE-In- Practice has provided a solution to this problem by providing an effective cost efficient service as an alternative to the products currently on the market. 8 CFE-In-Practice Integrity. Intelligence. Independence.
    • CFE-In-Practice ADDITIONAL INFORMATION IS AVAILABLE ON LINE AT www.cfe-in-practice.com Investigative Service: Collecting and safeguarding evidence Tracing witnesses and suspects Compiling affidavits and taking statements Surveillance Interviewing and questioning witnesses and suspects Facilitating polygraph examinations Facilitating expert document examinations Verifying witness testimony Compile criminal and disciplinary cases Competent testimony in disciplinary, civil or criminal proceedings Preparing comprehensive financial profiles on individuals and companies Asset tracing & recovery Money laundering investigations Frauds can, and do, last for many years. Often it is not the existing level of internal controls that uncovers them but some external factor. Banks will never be able to eliminate fraud. You have limited time, and you cannot review everything all of the time. However, some controls are critical - failure to implement them can cost you and your company. We help banks identify these key controls and implement cost effective monitoring of them. We work with corporations and government divisions to develop pro-active detection methods, to improve the skills of staff in recognising fraud patterns, and to help senior management form planned responses to potential problems. Contact us for a confidential consultation with no obligation. Email us: cfe@cfe-in- practice.com HOW CAN I RETAIN THE SERVICES OF A CERTIFIED FRAUD EXAMINER? To secure the services of a Certified Fraud Examiner in Asia, contact Tommy Seah, C.M.C., C.F.E., M.IIA at tommy@cfe-in-practice.com or e-mail us at enquiry@cfe-in-practice.com to discuss your needs. 9 CFE-In-Practice Integrity. Intelligence. Independence.
    • CFE-In-Practice ADDITIONAL INFORMATION IS AVAILABLE ON LINE AT www.cfe-in-practice.com CONSULTANCY SERVICE ... independent ears and eyes Whether our client is a large corporation, a small, privately owned company or an individual company CEO, CFE-In-Practice tailors its services to meet the client's specific needs. Our objective is to establish and maintain high standards of performance and professionalism by providing unique and cost-effective services in the following areas: To identify inefficient operating practices and provide recommendations for the implementation of electronic, operational and administrative control systems specifically designed to minimize future losses. Every organisation needs a channel through which employees, suppliers, contractors and other third parties can report irregular activities, free from victimisation or repercussions. Other specialised services: Irregular Loss Analysis: to confirm or refute the existence of fraud or other serious irregularities. Loss Quantification and Investigation: to quantify actual and consequential loss and damages and to identify those responsible for the fraud. Asset and Perpetrator Tracing: to trace and identify the proceeds of fraud or other assets of the perpetrators. To locate individuals and entities and trace laundered or otherwise concealed funds or assets against which recoveries may be realized. 10 CFE-In-Practice Integrity. Intelligence. Independence.
    • CFE-In-Practice ADDITIONAL INFORMATION IS AVAILABLE ON LINE AT www.cfe-in-practice.com PROFESSIONAL COACHING CFE-In-Practice has been privileged to provide Professional Coaching service that have attracted senior delegates from both the specialists and general management staff in the banking industry. Bringing together the regulator and the regulated, the governmental and institutional, the investor with the issuer, and the intermediary with the principal, our Professional Coaching service have been specifically targeted at executives who have responsibility for their organisation’s financial integrity or global strategy. Working closely with banks in the region and responding to the demands of the participants, CFE-In-Practice has developed a systematic and comprehensive loss/fraud prevention Coaching Programmes. Specifically designed for both central and commercial banks, it has been constructed to be both intensive and interactive and underpins the realisation that staff responsible for loss/fraud prevention should be experts. 11 CFE-In-Practice Integrity. Intelligence. Independence.
    • CFE-In-Practice ADDITIONAL INFORMATION IS AVAILABLE ON LINE AT www.cfe-in-practice.com FRAUD PREVENTION WORKSHOP INTRODUCTION The management of economic crime investigations and prosecuting offenders is a dynamic business demanding that all personnel receive intensive and progressive training. The basis of this training centre on the principle that to be successful requires the ability to understand pro-active and re-active methodologies, to have the ability to apply highly specialized investigative skills and to be comfortable with state-of-the-art technology. Subject matter includes introduction to fraud detection, audit strategies, conducting interviews, writing investigative report, fundamentals of financial statement fraud and why auditors fail to detect fraud. This programme is intended for accountants and all who are interested in preventing fraud as investigation managers and all those who operate a quot;team approachquot; to crime solving. The lessons learned and the experience gained will also serve to improve participants' approach to good investigation leadership generally. OBJECTIVES 1. Introduction to Fraud Detection Differences between investigative audit / litigation support / forensic accounting Strategies and skills for successful investigations 2. Audit Strategies for Detecting Fraud Designing the investigative audit procedure Identifying the fraud from the company's accounts and other fraud indicators 3. Conducting Interviews/Internal Investigation How to conduct the interview and gathering the right evidence, avoiding the legal pitfalls? 4. Writing the Investigation Report 5. Fundamentals of Financial Statement Fraud 6. High Profile Fraud / Why Auditors Fail to Detect Fraud? WORKSHOP OUTLINE 1. Introduction to Fraud Detection Principles of fraud Costs to the organization Ethical considerations Audit’s fraud responsibilities Skills successful fraud auditors need 2. Audit Strategies for Detecting Fraud How to incorporate fraud detection into your audit program? Specific audit steps designed to detect fraud Using ARP risk assessment to identify fraud indicators Building audit steps around fraud schemes Fraud concealment strategies and audit steps for uncovering them Sampling approaches and fraud detection 12 CFE-In-Practice Integrity. Intelligence. Independence.
    • CFE-In-Practice ADDITIONAL INFORMATION IS AVAILABLE ON LINE AT www.cfe-in-practice.com 3. Where Fraud Can Occur in Your Organization Traits of those who commit fraud Types of frauds: embezzlement, bribery, corruption, and fraudulent disbursements How fraud is concealed in your organization? 4. Conducting Interviews Within the Fraud Audit Four successful interview approaches A proven, nine-step fraud interview methodology Using kinetics to spot deception: interpreting body language Interviewing dos and don’ts Who should conduct the interview? 5. Conducting the Internal Investigation How to write the investigation plan? Step-by-step, the entire investigative process Gathering the right evidence for your case Avoiding some of the legal pitfalls 6. Writing the Fraud Audit Report So It Gets Read Report content Ensuring the audit process leads to the audit report Areas to consider when writing the fraud finding Disseminating the report 7. Fraud-Related Internal Controls Building controls around the fraud scheme Introducing QMS to prevent future fraud losses Fraud prevention controls in the expenditure cycle Selling the controls to management Fraud prevention theory 8. Fundamentals of Financial Statement Fraud Typical fraud schemes Balance and income statements Using analytical review/ratio analysis to identify fraud indicators 9. High-Profile Frauds What went wrong? Why auditors failed to detect the fraud? How to avoid audit failures? 10. Fraud Audit Case Studies and Analysis 13 CFE-In-Practice Integrity. Intelligence. Independence.
    • CFE-In-Practice ADDITIONAL INFORMATION IS AVAILABLE ON LINE AT www.cfe-in-practice.com OUR CLIENTS Monetary Authority of Singapore, Deloitte Touche Tohmatsu, Auditor General Office, Attorney General Office, SembCorp Logistics Ltd, Merrill Lynch International Bank, Fortis Bank, BNP Paribas, ChinaTrust Commercial Bank-India, Den Norske Bank, RZB-Austria, Bank Central Asia-Indonesia, Bank of China, Norddeutsche Landesbank Girozentrale, Pengurusan Danaharta Nasional Berhad, Credit Lyonnais, Rabo Bank, Citibank NA, Bank of Tokyo- Mitsubishi, Norinchukin Bank, Oversea Chinese Banking Corporation Ltd, Dresdner Kleinwort Wasserstein, Skandinaviska Enskilda Banken (South East Asia) Limited, Bank of Ayudhya,MeesPierson Asia Limited, Perwira Affin Bank, United Overseas Bank Ltd, Hong Leong Finance, Bank Brussels Lambert, Pernas Trading Sdn. Bhd, Kwong Yik Bank Bhd, Malaysian International Merchant Bankers Bhd, Pertanian Baring Sanwa Bhd, P.T. Indonesia Finance & Investment Co, Southern Bank Bhd, United Malayan Banking Corp Bhd, Co- operative Central Bank (Malaysia), Westpac Banking Corp, The Government Investment Corporation of Singapore, Banque Worms, Permata Chartered Merchant Bank Bhd, GATX Terminals (Pte) Ltd, Asiavest Merchant Bankers (M) Bhd, Price Waterhouse, Changi International Airport Services Pte Ltd, Utama Wardley Bhd, The First National Bank of Chicago, Kong Ming Bank (Sibu), Arab Malaysian Merchant Bank, Den Danske Bank, Cummins Diesel Sales Corp, Sabah Bank, Hill Samuel Merchant Bank Asia Ltd, American Express Bank, Banca Nazionale Del Lavoro, Arab Banking Corporation, Arbuthnot Latham Asia Ltd, Standard Chartered Bank, Ban Hin Lee Bank (Penang), Bank of Boston, Bank Simpanan Nasional, Tat Lee Bank Ltd, Bank Buruh (M) Bhd, Midland Bank PLC, HongKong & Shanghai Banking Corp., StarHub Pte Ltd. 14 CFE-In-Practice Integrity. Intelligence. Independence.
    • CFE-In-Practice ADDITIONAL INFORMATION IS AVAILABLE ON LINE AT www.cfe-in-practice.com Understanding Assets and Liabilities Management through Balance Sheet Analysis - MODULE 1 VENUE: TWO DAYS COACHING SESSION PROGRAM DATE: To be arranged INTRODUCTION: What every utility company needs now is more transparency and less protocol. The days of faking it to make it is over. Every forward looking and effective CEO desires the focus to be on the defense of the core business, getting the house in order, improve planning and procurement and of course optimizing cost. None of these will happen if there is no appreciation of sound financial management. Understanding Assets and Liabilities Management through Balance Sheet Analysis - MODULE 1 is a no nonsense technical hands-on program in which the participants will receive comprehensive instruction on accounting and economics aspects of financial analysis that evaluate the performance of the company and the division. After discussion of the theory and real world aspects of understanding the limitations of financial statements, the course moves to interpretation, where you will follow the lead of the instructor in building your own techniques in performing the interpretation of financial statements. As the course progresses, you will perform more work on an independent basis using actual real life case studies to assess various kinds of risk. It is all about decision making through financial management. This program is designed and pegged at Introductory and Intermediate Level for participants who may have some background in business administration. It is equally suitable for senior management who may need a refresher course on why they are there. COACHING OUTLINE • Determining Sound Financial Management in companies • What is the reason and need for Assets and Liabilities management • Introduction to Financial Analysis • Various Types of Financial Statements and their Implications • Long-Term Capital Structure – Gearing and Leverage • Short-Term Capital Structure – Overtrading and Under-trading • The Seven Critical Components in a Balance Sheet • Reward Policy • To Hire or to Fire METHODOLOGY This coaching is conducted by Tommy Seah, a Certified Fraud Examiner for Corporate Governence. It consists of a lively series of short participative lectures conveyed using plain uncomplicated explanations. Learning will be facilitated through discussion and case studies. Ample coaching materials will be given to participants so that these will be a constant source of reference to them. Ample time will be allotted for the transfer of ideas. WHO SHOULD ATTEND CEOs, CFOs, Head of Audit, Head of Operations,Marketing Officers, Account Officers, Risk Managers, Compliance Officers, Operations Managers, Treasury Managers, Training Managers Relations Managers, HR Managers, Internal Control Officers and all Bank Internal Auditors. COACH Tommy Seah, CFE, MIIA, CMC, etc., Please visit our website: http://www.cfe-in-practice.com for details of other programs. 15 CFE-In-Practice Integrity. Intelligence. Independence.
    • CFE-In-Practice ADDITIONAL INFORMATION IS AVAILABLE ON LINE AT www.cfe-in-practice.com CFE-In-Practice No. 111 Tampines Road CFE-In-Practice Suite Unit No. 07-01 SINGAPORE 535133 SINGAPORE IBF f-NEXT Partner in Financial Training International Forensic Accountant Licensed Financial Investigator Registration & Payment To ensure effectiveness of learning and group interaction, the coaching session is strictly limited to participants from the same industry. Understanding Assets and Liabilities Management through Balance Sheet Analysis - MODULE 1 VENUE: TWO DAYS COACHING SESSION REGISTRATION FORM You can return the registration form either via e-mail or by fax. Mail to: jerene@cfe-in-practice.com Tel: (65) 9106 9872 or 9489 7874 Fax: (65) 6286 4135 Course Fees: US$5000 per day for a class size of 20 pax. Payable 10 working days before the commencement of the program. Each additional head count is charged at US$500/- per person per day*. (Please note that accommodation and air-fare for the coach is not included in the course fees.) *Must be from the same organization and attending the same program. Registration is only effected upon receipt of good funds via T/T. Regretfully, telephone bookings cannot and will not be entertained or accepted. Upon receipt of good funds, one set of training materials will be despatched to client for reproduction. All T/T payment must be remitted: DBS Bank, Battery Road Branch, Singapore Current A/c No. 022-900202-8 Account Name: CFE-IN-PRACTICE Understanding Assets and Liabilities Management through Balance Sheet Analysis - MODULE 1 Program Time: 9:30am to 4:30pm Program Venue: To be arranged Please note that this is not a conference or a seminar. Practical benefits come from interaction with the Trainer in this coaching session. Participant’s Name: Dr/Mr/Mrs/Ms Designation in Organisation: Participant’s Email: Contact Phone No.: Fax No.: Organisation’s Name: Contact Person’s Name: Contact Person’s Email: Organisation’s Address: 16 CFE-In-Practice Integrity. Intelligence. Independence.
    • CFE-In-Practice ADDITIONAL INFORMATION IS AVAILABLE ON LINE AT www.cfe-in-practice.com Investigative Tools and Techniques for the Professional Auditor Two Days Background and Objective The purpose of this coaching session is to establish basic principles and essential procedures and to provide guidance on the auditor’s responsibility to consider fraud in an audit of financial statements and expand on what are the tools that are available to the internal auditor and how they are to be applied in relation to the risks of material misstatement due to fraud. The tools and techniques in this program are intended to be integrated into the overall audit process for the development of the internal auditor into a professional auditor. It is meant to restore faith in the internal audit profession. It is to light the fire in the belly once again for those who truly loves the calling of the internal audit profession. This program distinguishes fraud from error and describes the two types of fraud that are relevant to the auditor, that is, misstatements resulting from misappropriation of assets and misstatements resulting from fraudulent financial reporting; describes the respective responsibilities of those charged with governance and the management of the entity for the prevention and detection of fraud, describes the inherent limitations of an audit in the context of fraud, and sets out the responsibilities of the auditor for detecting material misstatements due to fraud; This program also train the auditor to maintain an attitude of professional skepticism recognizing the possibility that a material misstatement due to fraud could exist, notwithstanding the auditor’s past experience with the entity about the honesty and integrity of management and those charged with governance; Program Outline The Internal Auditor's Roles and Responsibilities Audit responsibilities and general audit objectives • Types of internal audits and factors impacting audit emphasis • Attributes of the 21st century internal auditor • The Audit Model - Performance of Audit Work Overview of the audit process • Plan the audit - the preliminary survey, audit objectives, scope, and audit • program Examine and evaluate information during fieldwork • Communicate results • Perform follow-up procedures • 17 CFE-In-Practice Integrity. Intelligence. Independence.
    • CFE-In-Practice ADDITIONAL INFORMATION IS AVAILABLE ON LINE AT www.cfe-in-practice.com Internal Control Establish management's responsibility for control • Identify internal audit's responsibility regarding control • Introduce the SEATA control model • Internal control components and factors • Learn the various types of controls • Understand the difference between exception and objective controls • Review tools for documenting and evaluating internal controls Learn how to Conduct an audit from beginning to end. • Understand the distinction between investigative auditing and fraud • investigation Learn to understand risks and to identify, evaluate, and document internal • controls. Use the preliminary survey to determine how and what to audit. • Discover the best techniques for gathering audit evidence and preparing • workpapers. Enhance interpersonal and team-building skills throughout the audit. • Understand the audit communication process • Learn to profile auditees • Learn to interview the auditees in creating champions • Who Should attend : • Auditors • Investigators • Security Personnel • Non-auditors with responsibility for developing and monitoring internal control METHODOLOGY This coaching program by a Certified Fraud Examiner consists of a lively series of short participative lectures conveyed using plain uncomplicated explanations. Learning will be facilitated through discussion and case studies. Ample coaching materials will be given to participants so that these will be a constant source of reference to them. Ample time will be allotted for the transfer of ideas. Who else should attend-For whom Senior Management, Risk Managers, Compliance Officers, Operations Managers, Training Managers, Relationship Managers, HR Managers, Internal Control Officers and all Bank Internal Auditors. COACH TOMMY SEAH, CFE, MIIA, CMC and many others Click here for Tommy Seah's Profile. 18 CFE-In-Practice Integrity. Intelligence. Independence.
    • CFE-In-Practice ADDITIONAL INFORMATION IS AVAILABLE ON LINE AT www.cfe-in-practice.com 1. Who have we trained? Head of Investigations, Datuks and Dato’s, Chartered Accountants, CPAs, CFAs, PHDs, ACCAs, LLBs., LLMs, AIAs,Risk Managers, Compliance Officers, Operations Managers, Treasury Managers, Training Managers, Relationship Managers, HR Managers, Internal Control Officers and most Bank Internal Auditors. 2 . What have they to say? 3 . In-House Training We can provide the same program on an In-House Training basis. Please call Jerene at Tel. (65) 9489 7874 for rates. 4 . Visit http://www.cfe-in-practice.com 5 . Registration & Payment (Reservations by phone will not be entertained) To ensure effectiveness of learning and group interaction, the coaching session is strictly limited to participants from the same industry. Registration is only effected upon receipt of good funds 10 working days before the program date via T/T. Regretfully, telephone bookings cannot and will not be entertained or accepted. All T/T payment must be remitted to: DBS Bank, Battery Road Branch, Singapore Current A/c No. 022-900202-8 Account Name: CFE-IN-PRACTICE 19 CFE-In-Practice Integrity. Intelligence. Independence.
    • CFE-In-Practice ADDITIONAL INFORMATION IS AVAILABLE ON LINE AT www.cfe-in-practice.com REGISTRATION FORM Investigative Tools and Techniques for the Professional Auditor Two Days Closing Date: To be arranged Time: 9:30am to 4:30pm Venue: A comfortable and conducive environment that is suitable for the participants You can return the registration form either via e-mail or by fax. Mail to: jerene@cfe-in-practice.com Tel: (65) 9106 9872 or 9489 7874 Fax: (65) 6286 4135 Course Fees: US$5000/- for a maximum of 16 pax. Any additional person* will incur a charge of US$500/- (Please note that accommodation, all meals, communication; transfer to/from airport and SQ air-fare is not included in the course fees.) *Must be from the same bank and attending the same program. Participant's Name: Dr/Mr/Mrs/Ms Designation in Organisation : Contact Phone No.: Fax No.: Organisation's Email: Organisation's Name: Organisation's Address: Do you want to have a demonstration of Data Active Risk Solution? Please check the appropriate box: YES □ No □ …………………………… 20 CFE-In-Practice Integrity. Intelligence. Independence.