INTEGRITY | ACCURACY | OBJECTIVITY
CFE International Consultancy Group Pte Ltd
www.cfe-icg.com
Presents
ONE Day Seminar On:
The Structural Approach
to Investigating
Financial Statement Fraud
31 July 2009, Parkroyal @ Kitchener, Singapore
The Structural Approach to This is where the distinction lies: have gone wrong? Could it have
Investigating Financial Statement While Accounting firms do only been prevented in the first place?
Introduction
Fraud is the specialty practice “Forensic Accounting” CSIs and Who is responsible for the mess?
area of examiners that describes CFEs perform Investigations in The general idea is essentially to
engagements that result from Financial Statement Fraud. This is prevent financial statement frauds
actual or anticipated disputes or not the same thing — one is post and when it does occur, how to
litigation. In litigation, 'Forensic' event, the other one is contain the damage and recognize
means suitable for use in Court, pre-emptive. who is responsible for what in the
and it is to that standard and whole scheme of things.
potential outcome that fraud Engagements relating to criminal
examiners generally have to work. matters typically arise in the
Led By:
Certified System Investigators aftermath of fraud. They frequently
Tommy Seah & Stanley Chia
(CSI), Fraud Examiners (CFE) and involve the assessment of
Forensic accountants (CPA) often accounting systems and accounts (Principal Trainer) (Trainer-In-
Attendance)
have to give expert evidence at the presentation - in essence
eventual trial. All of the larger assessing if the numbers reflect
accounting firms, as well as many reality. The CSI and CFE
medium-sized and boutique firms, determines whether there has
have specialist forensic been any audit failure on the part
accounting departments. Within of the Accounting firm. This
these groups, there may be further seminar will train participants to
sub-specializations: some forensic change from a justification mindset
accountants may, for example, just to a pre-emptive mindset. It will
specialize in insurance claims, help them develop the capability to
personal injury claims, fraud, render a service that can answer
World Class trainers for
construction, or royalty audits. the following questions, “What
practising auditors
Complete the registration form at Who Should Attend
the back of this brochure and return External Auditors Fund Managers
Accounting professionals
it to us by fax @ (65) 6222 9865 Financial Investigators Internal Auditors
Central Bank Examiners
Financial Managers Risk Managers
CFOs
Forensic Accountants SC Examiners
Compliance Officers
Approved CPD Provider Corporate Treasurers
CSI Members enjoy 8 units of CPE Credits
AIA Members stand to receive 7 units of
CSI World Headquarters
CPD hours by attending this seminar
Training Professionals Globally

SPECIALLY TAILORED IN-HOUSE TRAINING is now available!
Tel : (65) 6222 9860 | www.cfe-icg.com | enquiry@cfe-icg.com |
Course Schedule Fax: (65) 6222 9865
Introduction to financial statements Improper Asset Valuation
• Accounts receivable
• Definition of financial fraud and its potential
• Inventory
impact on any organization
• Fixed assets
• Financial Statement Analysis- Analytical Review
Outline
Outline
Procedures using structural approach
• Case Study – The Pan Electric Group and Improper Recording of Liabilities
• Failure to record liabilities
Jurong Shipyard
• Changes in accounting assumptions
• Is AS5 going to replace SOX 404.
• Off balance sheet entities
• Understand the trinity of controls- Internal Audit,
Compliance and Risk Management function.
• Identify roles and responsibilities of internal Inadequate Disclosures
• Liability omissions
auditors, public accountants, finance
• Subsequent events
professionals, executives and the board as it
• Management fraud
relates to fraudulent financial reporting
• ‘Opportunity makes a thief’ and profile of a
perpetrator- the fraud triangle Closing Remarks, Q&A Session
• Fraud Tree- Sensitive Areas for Financial Fraud
Financial Statement Fraud
• Understand how the Americans satisfy SOX 404
in Financial Controls function.
Refreshment
• Improper Treatment of Sales and Revenue
• Extreme fraudulent classifying of certain sales
transactions can take a wide variety of forms,
2 Tea Breaks
from fictitious and deceptive sales to booking
and
loan proceeds as income.
• Principal sources of improper sales accounting 1 Lunch Break
and revenue recognition. will be provided
• Phantom customers
• Conditional and consignment sales
• Premature revenue recognition
• Misclassifying gains
Course Benefits
Gain overview of financial fraud
•
Know the sensitive areas and weaknesses in your organization
•
Understand the structural approach to financial statements analysis and reporting
•
Master preventative and deterrence techniques
•
Conduct accurate vulnerability and risk assessments
•
Maximize the effectiveness of your Internal Controls structure
•
Suspect a fraud?
Detect Creative Accounting by identifying warning signs, red flags and anomalies
•
Consult a
Utilize the Fraud Spotting Ratio Analysis
Certified Fraud Examiner •
Equip yourself with basic investigation skills
at (65) 6222 9860 or email •
Perform data mining, discovery sampling and evidence gathering
fraudbuster@cfe-icg.com •
Important Notice
“ Due to the interactive nature of the learning session, the sequence and contents of the program maybe vary
according to the needs of the participants. The speaker reserves the right and the privilege to conduct the program in
the manner which he thinks to be in the best interest of the majority of the participants. Please ensure that you
understand this completely so as to prevent any form of unrealistic expectation and or disappointment in a public
enrolment program that was not tailored to your specific need. Please inform the organizer in advance if you are not
agreeable or do not completely understand the above term and we will review your enrolment accordingly. ”

Call today for a COMPLIMENTARY CONSULTATION! No Obligations.
Tel : (65) 6222 9860 | Fax: (65) 6222 9865 | www.cfe-icg.com | enquiry@cfe-icg.com
Trainer Profile Tommy Seah
• The only Regent Emeritus of the Association of Certified Fraud Examiners (ACFE) within
the Asia Pacific
• Chairperson Emeritus of CSI World Headquarters
• World Class Financial Management Expert
• Double Firsts in Financial Management and Accountancy (U.K.)
• Chartered Banker, International Accountant, FCPA (USA), CSOXP
• Member of Advisory Board to SOX Institute (N.Y.)
• Member of Singapore Institute of Directors
Tommy is a Certified Fraud Examiner and a member of The Board of Regents of the Association
of Certified Fraud Examiners Board based in Texas, USA.
Tommy Seah is also a Fellow Member of two internationally recognized prestigious leading UK Accountancy body and
an Associate of The Australian National Institute of Accountants. Additionally, he holds professional graduate diplomas
from two Banking Institutes including the prestigious Chartered Institute of Bankers (UK). His Accountancy qualification
is in one of five statutorily recognised qualifying bodies (RQBs) in the United Kingdom for company auditors under the
Companies Act 1989. Tommy’s services in providing technical training and consultancy in AML and Basel II systems
implementation is much sought after by numerous banks in the region, including Singapore, Malaysia, China,
Indonesia, Brunei, Thailand, 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 IT systems. Prior to this, he was Head of Operations of a foreign bank.
For the past thirty 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, investigator and
SOX 404 Compliance examiner.
Trainer-In-Attendance Stanley Chia
• Certified Fraud Examiner (CFE) with the Association of Certified Fraud Examiners
(ACFE)
• Certified Member (CAMS) with Association of Certified Anti-Money Laundering
Specialists (ACAMS)
• Certified System Investigator (CSI) with the CSI World Headquarters
• Member of Australasian Compliance Institute (ACI)
• Member of GRC Group New York
He also holds a Master of Commerce, specializing in Business Law from The University of New
South Wales. He obtained his Bachelor of Economics, majoring in Money & Banking and
Accounting in 2001 from The University of Western Australia.
Stanley is the Managing Director of CFE International Consulting Group Pte Ltd, a think-tank company that provides
multi-consultancy solutions to companies world-wide. He specializes in investigative interviewing & profiling
techniques and has handled numerous cases for both local and foreign financial institutions. He is also well versed in
financial products knowledge, fraud examination techniques and compliance methodologies. Stanley has worked for
large financial institutions like AIA Insurance, Singapore Exchange and United Overseas Bank where he was involved
in anti-money laundering, compliance, enforcement and fraud investigation work. To date, he has investigated more
than 100 fraud and compliance-related cases and some of them involved over US$1M.

The Structural Approach to Investigating Financial Statement Fraud
31 July 2009, Parkroyal @ Kitchener, Singapore
How to Register
Tel : (65) 6222 9860
Fax : (65) 6222 9865
Email : registration@cfe-icg.com
Web : www.cfe-icg.com
Post To: CFE International Consultancy Group Pte Ltd
6 Eu Tong Sen Street, #05-13, The Central, Singapore 059817
Participant Details
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Important Notice
IMPORTANT NOTICE: Payments are required with registration and must be received prior to the Coaching Session to guarantee your place. Walk-in delegates
will only be admitted on the basis of space availability at the Coaching Session and with immediate full payment.
CANCELLATIONS & TRANSFERS: If you are unable to attend, a substitute delegate is welcome at no extra charge. Please provide the name and the title of the
substitute delegate at least 2 days prior to the program. A refund less 10% administrative charge will be made for cancellation received in writing 10 working days
before the program date. A complete set of program documentation and a 50% refund will be given for cancellation made 3 working days before the program date.
Regrettably, no refund can be made for cancellation made on and/or after the program. A complete set of documentation will however be posted to you.
The organizer reserves the right to make any amendments and/or changes to the program, venue, speaker replacements and/or topics if warranted by
circumstances beyond its control.
DISCLAIMER: Due to the interactive nature of the learning session, the sequence and contents of the program may be vary according to the needs of the
participants. The speaker reserves the right and the privilege to conduct the program in the manner which he thinks to be in the best interest of the majority of the
participants. Please ensure that you understand this completely so as to prevent any form of unrealistic expectation and or disappointment in a public enrolment
program that was not tailored to your specific need. Please inform the
organizer in advance if you are not agreeable or do not completely understand the above term and we will cancel your enrolment accordingly.
Tel : (65) 6222 9860 | Fax: (65) 6222 9865 | www.cfe-icg.com | enquiry@cfe-icg.com