TOMMY SEAH will be in Bangkok on the 21st and 22nd JULY 2009 conducting ERM, FRAUD & AUDIT Seminar- Is it time to train the BIG 4 before they are no more ?
2. Day One (21st July 2009)
ERM, Fraud and Audit
Prevention Is Better Than Cure
Day One
AS TODAY'S COMPANIES PLAN THEIR RISK
management strategies, the massive
09:00 Understanding Fraud Detection
bankruptcies and colossal shareholder losses of
• Principles of fraud
the last two years are undoubtedly on the minds
• Costs to the organization
of corporate stakeholders. Numerous risk-
• Ethical considerations
related issues have surfaced as a result of the
• Audit’s fraud responsibilities
• Skills successful fraud auditors need scandals at companies such as Enron and
WorldCom, leaving many shareholders,
10:00 Audit Strategies for Detecting Fraud
executives,
ti and
d boards
b d wondering
di what
ht
• How to incorporate fraud detection into
exposures their own organizations may face.
your audit program?
The current risk environment can best be
• Specific audit steps designed to detect
characterized by the oft-repeated dictum, quot;There
fraud
• Using ERM to identify fraud indicators are knowns, known unknowns, and unknown
unknowns.quot;
Morning Coffee Break
Within this climate of ever-increasing corporate
ever increasing
10.30
10 30
Where Fraud Can Occur in Your uncertainty, enterprise risk management (ERM)
11:00 Organization has emerged as a new paradigm for managing
• Traits of those who commit fraud risk. Instead of relying on a traditional, intra-
• Types of frauds: embezzlement, bribery,
departmental strategy, where each area of the
corruption, and fraudulent disbursements
organization manages its own risks, ERM adopts
Conducting Interviews within the a broader perspective that integrates and
12:00 Fraud Audit coordinates risk management across the entire
• Using Kinetics to spot deception: organization. This enterprise wide approach is
interpreting body language ultimately intended to enhance and protect
• Interviewing dos and don’ts
stakeholder value. ERM, however, does more
•Who should conduct the interview?
than just integrate risk management. According
Networking Lunch to Enterprise Risk Management Framework, a
12:45
12 45 new study being developed by The Committee of
Recap on morning session
Sponsoring Organizations of the Treadway
14:00
Conducting the Internal Investigation Commission, ERM is a process also designed to
14:15 • Gathering the right evidence for your case
quot;identify potential events that may affect the
• Avoiding some of the legal pitfalls
entity, and manage risk to be within its risk
Afternoon Coffee Break appetite, to provide reasonable assurance
15:00 regarding th achievement of entity objectives.quot;
di the hi tf tit bj ti quot;
Writing the Fraud Audit Report so It
Paralleling the rise of ERM, internal auditing has
15:30 Gets Read
also experienced a paradigm shift in recent
• Report content
• Ensuring the audit process leads to the years. Guided largely by The IIA's revised
audit report definition of the profession, internal auditing
• Areas to consider when writing the fraud has moved from a control-based approach to
finding
g one that focuses on risk management corporate
management,
governance, and adding value. quot;Please note that the
General Discussion & Question Session
teaching methodology is participative lectures and as
16:00
Day One Close
such inter-active in nature that will involves participation
17:00
from attendees. So, notwithstanding the proposed outline,
the program may not necessarily be conducted in exactly
the same sequence or duration for each topicquot;.
3. Day Two ( 22nd July 2009)
ERM, Fraud & Internal Audit
Diagnosis of your organization's ERM
Day Two
The U.S. Chamber of Commerce reports that $50 billion
09:00 Recap on Day 1
do s e os
dollars are lost annually due to e p oyee theft and fraud.
uy o employee e d ud.
09:30 Using ERM to determine Fraud-Related
Also reported by The U.S. Chamber of Commerce - that
Internal Controls 20% of all businesses fail due to internal theft and fraud.
• Building controls around the fraud scheme
• Fraud prevention controls in the According to an Ernst & Young Report, quot;White Collar
expenditure cycle Crime: Loss Prevention Through Internal Controlquot; a rule
of thumb says that a company loses 1% to 2% of its sales
• Selling the controls to management
to crime -- most committed by or in collusion with
y
• Fraud prevention theory
employees.
10:30
Morning Coffee Break
11:00 According to K.C. Bettencourt undercover investigator
ERM’s role in Financial Statement Fraud and author of quot;Theft & Drugs in the Workplacequot;, One in
three employees steal and it's rising 5% a year.
• Typical fraud schemes
Additionally, his studies showed that 20-25% of the work
• Balance and Income Statements
force will cheat when the stakes are high and supervision
• Using analytical review/ratio analysis to is low. Furthermore, about 10% will cheat no matter what.
identify f d indicators
id if fraud i di
The Wall Street Journal reported that up to 75% of all
11:55 What really is ERM employees steal at least once - half of these, at lease twice.
In employee surveys conducted by academics and other
The CAE'S Role as ERM Champion
specialists, as many as 43% of workers interviewed
admitted stealing from their employers.
Networking Lunch
12:30
FBI reports that employee theft is the fasting growing
Recap of Day 2 morning crime in the U.S.
14:00
High Profile Frauds
• What went wrong? WHY YOU SHOULD ATTEND?
The course is a unique opportunity for those
• Why auditors failed to detect the fraud?
learn improved methods associated with fraud
detection. It also showcases an interactive
How Internal Audit can leverage on ERM
14:10
approach towards the needs and issues
resources
pertaining to Fraud Management This workshop
Management.
Ownership of th ERM process
O hi f the
also enables you to enhance your capability in
15:15
Afternoon Tea Break addressing specific issues in a demanding higher
15:30
transparency and degree of corporate
Internal Audit partners ERM in providing
governance.
solution in Strengthening Corporate
Governance
WHO SHOULD ATTEND?
ERM - Is it worth the effort ● Fraud Investigators/Anti-Fraud Managers
● Legal & Compliance Managers
Core internal auditing roles in regard to
● Risk Management & Audit Managers
ERM.
● Internal Auditors
● Financial Controllers
Legitimate internal auditing roles with
● Company Secretaries
safeguards.
● CIO’s, CEO’s, COO’s
Day Close
D 2 Cl ● E-Banking, MIS Managers
● Procurement Managers
17:00
● IT Auditors
4. ERM, Fraud & Internal Audit
REGISTRATION FORM & SALES CONTRACT
Important Notice
Registration & Payment Payments are required with registration and must be received
2 Easy Ways to Register p
prior to the Program to g
g guarantee y
your p
place. Walk-in
You can return the Registration Form either via e-mail or delegates will only be admitted on the basis of space
by fax. availability at the Program and with immediate full payment.
Email to: tommy@cfe-in-practice.com
Cancellations & Transfers
Fax: (65) 6288 0181
If you are unable to attend, a substitute delegate is welcome at
For enquires, please contact:
no extra charge. Please provide the name and the title of the
g p
tommy@cfe-in-practice.com substitute delegate at least 2 days prior to the program. A
refund less 10% administrative charge will be made
Tel: (65) 9106 9872 cancellation received in writing 10 working days before the
program date. A complete set of program documentation and
In order to secure a place for the program, delegates are a 50% refund will be given for cancellation made 3 working
kindly requested to register at least 4 weeks prior to days before program date. Regrettably, no refund can be
program commencement. made for cancellation made on and or after program. A
complete set of documentation will however be sent to you.
Registration is only effected upon receipt of good funds
via T/T. Regretfully, telephone bookings cannot and will The organizer reserves the right to make any amendments
not be entertained or accepted. and/or changes to the programme, venue, speaker
replacements and/or topics if warranted by circumstances
beyond its control.
WHY YOU SHOULD ATTEND?
Course Fees
YOU SHOULD ATTEND
Closing Date: 20 June 2009
The course is a unique opportunity for those
Course Fees: US$1669/- early bird registraion
learn improved methods associated with fraud
before 20th May 2009 detection. It also showcases an interactive
approach towards the needs and issues
Discounts are available for group bookings.
pertaining to Fraud Management This workshop
Management.
Registration after 20th May, Pays US$2269/- per pax also enables you to enhance your capability in
addressing specific issues in a demanding higher
Please call CFE-In-Practice Hotline for further details.
transparency and degree of corporate
governance.
Telephone : 65 6222 9861 or 65 6222 9860
WHO SHOULD ATTEND?
● Fraud Investigators/Anti-Fraud Managers
● Legal & Compliance Managers
(Please note that accommodation and air-fare is not
● Risk Management & Audit Managers
included in the course fees.)
● Internal Auditors
An invoice will be sent upon receipt of registration form. ● Financial Controllers
Payment of course fees must be received 14 working
● Company Secretaries
days before commencement of the program.
● CIO’s, CEO’s, COO’s
● E-Banking, MIS Managers
All T/T payment must be remitted:
● Procurement Managers
DBS Bank, Shenton Way, Singapore
● IT Auditors
Current A/c No. 022-900202-8
Account Name: CFE-IN-PRACTICE