FRAUD RISK MANAGEMENT

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A Training brochure on FRAUD RISK MANAGEMENT by TOMMY SEAH

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FRAUD RISK MANAGEMENT

  1. 1. Understanding & Developing A FRAUD RISK MANAGEMENT PROGRAM for Your Organization 18th February 2009 Hotel Rendezvous, Singapore This is Your OPPORTUNITY to: Understand the changing perspectives on fraud • Understand the importance of fraud detection, deterrence, • and prevention Define a COSO consistent approach for fraud risk management • Learn how governance, risk management, and compliance/ethics • activities can be coordinated to better prevent fraud Understand the types of fraud and detection techniques • Understand how to deploy technology effectively • to deter and detect fraud Understand and discuss the adequate level of fraud risk • management and controls an organization should establish Enhance your organization’s fraud risk management capability • COURSE AIMS After completing this 1–day course, participants should be able to articulate to management and those charged with governance the business case for managing fraud risk, understand the concept in developing a fraud risk management program for an organization, and the need to evaluate the design and implementation of an existing fraud risk management program. Early Bird & Jointly organized by: Accredited by: Corporate Group Discounts Available! Call now to register!
  2. 2. WHO WILL BENEFIT FROM THIS PROGRAM? This program is an integral part of CFE ICG’s Annual Director’s Training. Those who will also gain greatly from this program are… • • AC members Internal auditing professionals • • COOs Risk managers • • CFOs Compliance officers • • CEOs Directors And all who are seeking proficiency in fraud detection and prevention AN OVERVIEW OF THE PROGRAM Making the case for a fraud risk management program • Define fraud • List reasons why organizations should manage fraud risk • Present a case for a managing fraud risk A COSO-consistent process for fraud risk management • Define the COSO internal control framework • List advantages of using a COSO-consistent process • Describe how the elements of a fraud risk management program fit within the COSO framework Roles of key parties in managing fraud risk • Define the key parties involved in managing fraud risk • Describe the responsibilities of each party • Identify the oversight and reporting responsibilities between the key parties and their impact on the effectiveness of fraud risk management Coordinate governance, risk management, and compliance/ethics to better prevent fraud • Define the roles of internal audit, governance, risk management and compliance/ethics • Describe the relationships and overlaps between the three roles in the trinity of controls. • Identify how coordinating the three roles can reduce costs, enhance efficiency and improve organizational effectiveness in managing fraud risk Understanding Control environment • Define the key elements of the control environment that relate to managing fraud risk • Describe tools and techniques for developing or evaluating the design and operating effectiveness of these key elements • Exploring the possible tools and techniques to identify potential deficiencies and recommend control enhancements Methodology for Fraud risk assessment • Understanding the key elements of an effective fraud risk assessment process • Identify common deficiencies in fraud risk assessments • Apply the process to develop a fraud risk assessment for a hypothetical organization Fraud control activities • Define the goal of fraud control • Describe the roles of entity-level and process-level controls • Identify how proactive fraud detection activities complement entity-level and process-level controls and assist management and those charged with governance Information and communication • Define the role of communication in creating effective fraud risk management • Describe the key challenges in providing fraud awareness training • Identify approaches for delivering fraud awareness training cost-effectively Monitoring • Define the key parties involved in monitoring • Describe the role(s) of monitoring by each key party • Identify how monitoring might be ineffective or compromised and how such occurrences could be detected
  3. 3. OUR WORKSHOP TRAINERS Tommy is the only Singaporean that has made a name for himself in America’s largest and world renowned Anti-Fraud Association. In 2006, he was elected by his peers in more than 100 coun- tries to be the Vice Chairman of The Association of Certified Fraud Examiners Board of Regents based in Texas, USA. CFE is a post graduate professional qualification recognized by the FBI and USA Central Intelligence Agency in it’s recruitment of auditors for combating fraud. He is also the Chairperson of CSI World Headquarters. CSI is the only Digital Forensic Certification body that op- erates in Asia. A number of auditors in the United Nations and government services proudly carry the CSI designation with distinction. His services in providing anti fraud and technical product training is much sought after by numer- Tommy Seah ous multinational companies, banks and governments in the region, including Germany, Singapore, Regent Emeritus, Malaysia, China, Indonesia, Philippines and Taiwan. Tommy's previous work experience includes ACFE (Texas USA) systems based auditing in an American International Bank, where he was the Senior Regional Audi- Chairperson, tor responsible for the Bank's audit in the Asia Pacific region. He has also held the top executive CSI World position of Chief of Internal Audit in a prime offshore bank where his audit duties cover the Singa- Headquarters pore and Hong Kong operations of the bank. He covers all areas of the bank's audit of operations and IT systems. He also has practical working experience in the Operations Department of a for- eign bank. Of late, Tommy has very successfully trained Anti-Narcotics Police Officers from most of the ASEAN countries. In 2008, he was awarded the privilege to train the highly skilled and intellec- tually superior officers from the Competition Commission of Singapore. Tommy Seah is also a pro- lific writer. He is the author of seven banking books including the F.I.G. Program. The FIG is the au- thoritative and definitive text on Financial Instruments designed to be used in the world wide bank- ing industry for product training. This publication has received excellent review and first class com- mendation from some of the most authoritative professional certification body and top rated banks in the world. The other six authoritative texts used in his training are The Foreign Exchange Audit, The Control of Money Market Activities in Banks, Financial Management, MCA for Banks, SWAPS in Investment Banking and Anti-Money Laundering 101. His latest publication attempt is on Profiling and Interviewing Techniques. He has set for himself the goal to be the first Asian to write the first book in “Technology Fraud for the Banking Industry”. Stanley is both the Director & Principal Consultant of CFE Strategic Alliances, the training arm of CFE-In-Practice group of companies and also the Managing Director of CFE International Consult- ing 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. Stanley is also the current Honorary Director, Research & Publication of CSI World Headquarters, an international accreditation body for Digital Forensic. Stanley has worked for large financial Stanley Chia institutions like AIA Insurance, Singapore Exchange and United Overseas Bank where he was in- volved in anti-money laundering, compliance, enforcement and fraud investigation work. To CFE, ACFE (Texas date, he has investigated more than 100 fraud and compliance-related cases and some of them USA) involved over US$1M. CAMS, ACAMS CSI, CSI World Headquarters He is well versed in financial products knowledge, fraud examination techniques and compliance methodologies. Stanley is often invited to speak at conferences and seminars in Singapore, Ma- laysia, Hong Kong and Shanghai where he taught fraud investigation, investigative interviewing techniques profiling techniques and internal control. He has also co-authored a series of pocket- sized guide books for auditors published by CSI World Headquarters. He is currently writing a book on Interviewing & profiling techniques – ISBN 978-981-08-0599-9.
  4. 4. REGISTRATION FORM Understanding & Developing A FRAUD RISK MANAGEMENT PROGRAM for Your Organization • 18th February 2009 • Hotel Rendezvous, Singapore COURSE FEES PAYMENT METHODS S$650* per pax for Singapore and other locations BY CHEQUE: Discount Category Please cross cheque made payable to CFE International Consultancy Group Pte Ltd 10% Early Bird ** and mail your payment together with Corporate (3 or more pax) 10% this registration form to the company address stated below in the “How to Register” box below. CSI (Certified) 20% TELEGRAPHIC TRANSFER: ACSI (Associate) 15% * Does not include hotel accommodation. • Singapore & Other Delegates— ** Early Bird Discount ends 15th January 2009. The Hongkong and Shanghai Banking Corporation Ltd Account No.: 147-619399-001 PARTICIPANT DETAILS Account Name: CFE International Consultancy Group Pte Ltd Swift Code: HSBCSGSG NAME: Dr/ Mr/ Mrs/ Ms • Malaysian Delegates— Public Bank Berhad, Kuala Lumpur Branch, Malaysia COMPANY DESIGNATION: Account No.: 3145502629 Account Name: CFE-In-Practice COMPANY NAME: Swift Code: PBBEMYKL COMPANY ADDRESS: HOW TO REGISTER PARTICIPANT’S EMAIL: ONLINE: www.cfe-icg.com TEL NO. : EMAIL: registration@cfe-icg.com FAX NO. : TEL: (+65) 6222 9860 CONTACT PERSON’S NAME: FAX: (+65) 6222 9865 POST TO: CFE International Consultancy Group Pte Ltd I have read and understood the booking terms & conditions 6 Eu Tong Sen Street #05-13, The Central Singapore 059817 Signature: Date: 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 com- pletely 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.

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