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MANAGING FRAUD RISK 
20 - 21 November 2014 Best Western Premier Dua Sentral, Kuala Lumpur 
FINANCIAL STATEMENT FRAUD 
ICFE...
MANAGING FRAUD RISK 
IN PROCUREMENT 
20 - 21 November 2014 Best Western Premier Dua Sentral, Kuala Lumpur 
COURSE OUTLINE ...
MAN AGING FRAUD RISK 
20 - 21 November 2014 Best Western Premier Dua Sentral, Kuala Lumpur 
TRAINER 
STANLEY CHIA 
IN PROC...
MANAGING FRAUD RISK IN PROCUREMENT 
20 - 21 November 2014 Best Western Premier Dua Sentral, Kuala Lumpur 
How to RegisterH...
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Managing Fraud Risk in Procurement

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When one is handed with power, the natural temptation is to continuously test and enjoy the extent of its influence. Like Plato puts it “Access to power must be confined to those who are not in love with it”, if one is not careful, it will mark the beginning of a love affairs with corruption. The emergence of cases from both public and private sectors involving figures from senior position shows that this love affair is all, but slowing down.

What we have done so far is the same old strategies - “enhance control processes controls, increase supervision or adding extra manpower to oversee the processes”. But experiences had taught us that if such methods worked, we will not need to go through the vicious cycle of patching gaps over and over again. The truth of the matter is that this is not just a “process” or “system” problem but a human one. Anyone who manages the processes can choose to exploit them no matter how many times you changed thus what we need are strategies to minimise those opportunities. Thus the next question would be who is most qualified to tackle this matter. Our recommendation is if it is about fraud, it should always be a Certified Fraud Examiner.

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Managing Fraud Risk in Procurement

  1. 1. MANAGING FRAUD RISK 20 - 21 November 2014 Best Western Premier Dua Sentral, Kuala Lumpur FINANCIAL STATEMENT FRAUD ICFE Group of Companies International Cybercrime & Forensics Examiners SINGAPORE | MALAYSIA | HONG KONG IN PROCUREMENT INTRODUCTION TRODUCTION When n one is handed with power, the natural temptation is to continuously test and enjoy the extent of its influence. ence. Like Plato puts it “Access to power must be confined to those who are not in love with it””, it”, if one is not careful, ul, it will mark the beginning of a love affair with corruption. The emergence of cases from both publ public and private te sectors involving figures from senior position shows that this love affair is all, but slowing down. What we have done so far is the same old strategies - “enhance control processes controls, increase supervision or adding extra manpower to oversee the processes”. But experiences had taught us that if such methods worked, we will not need to go through the vicious cycle of patching gaps over and over again. The truth of the matter is that this is not just a “process” or “system” problem but a human one. Anyone who manages the processes can choose to exploit them no matter how many times you changed thus what we need are strategies to minimise those opportunities. Thus the next question would be who is most qualified to tackle this matter. Our recommendation is if it is about fraud, it should always be a Certified Fraud Examiner. During the course of our work as practicing fraud examiners, ICFE has always been a voice lobbying for focus on the procurement function as an area more prone to corruption in almost all facets of both the private and public sectors. Corruption and procurement fraud are like evil twins that challenges ethics and integrity. Business productivity drop dramatically and resources are wasted and misallocated. Thus, the livelihood of many men and women who just want to earn an honest living is threatened. If we are not careful and arrest this problem soon, this toxic could shake the foundation of our social ethos. LEARNING ARNING OBJECTIVES This seminar aims to assist participants to identify and deter fraud. It does not deal with the conventional topics on procurement process and contract management. We would like all participants to gain an understanding of Fraud Risk Management framework in detering fraud In Partnership with: Follow us: Tel: (603) 2282 5406 Fax: (603) 2282 5407 Follow us: super ding me ed, er manag esses stra nimise m ecommendation Certifified g foc rocurement rs. Bu uctivity andmisallocated. me en oxic ify ess ll d through this seminar. ® MIA Members enjoy 16 units of CPE hours! Website: www.icfe-cg.com Email: enquiry@icfe-cg.com Tel: (603) 2282 5406 Fax: (603) 2282 5407 ICFE Group of Companies ICFE Malaysia Sdn. Bhd. Co. Reg. No. 871789-X *Register by 20 October 2014 for EARLY BIRD DISCOUNT!
  2. 2. MANAGING FRAUD RISK IN PROCUREMENT 20 - 21 November 2014 Best Western Premier Dua Sentral, Kuala Lumpur COURSE OUTLINE DAY 1 DAY 2 PROCUREMENT FRAUD  What is Procurement Fraud?  Identifying the main perpetrators of Procurement Fraud  Myths about Procurement Fraud  How effective are internal controls in deterring/preventing Procurement Fraud? UNDERSTANDING THE HUMAN FACTOR OF FRAUD  Why does a person commit fraud?  Fraudster profile – is there one?  Red Flags to help you identify potential fraudster GET TO KNOW YOUR ORGANISATION  Knowing your organisation’s policies, codes and practices  How do Internal Audit, Risk Management and Compliance functions affect procurement?  Fraud Risk Management and how it affects procurement FIGURING OUT WHERE WENT WRONG  Weaknesses in procurement process  How are these weaknesses being exploited  Are victims just losing money in Procurement Fraud?  Best practices to minimize exploitation CASE DISCUSSION IN CORRUPTION  Collusion between employees and external parties  Steps in handling allegation of corruption  Suspected Conflict of Interest: • How would you perform the suggested investigative tasks? • If there is a rumour of “people close to the tender” receiving kickbacks from vendors, what would be your strategies to investigate this allegation? RECAP OF DAY 1 INVESTIGATING PROCUREMENT FRAUD  Steps taken when suspecting Procurement Fraud  Conducting preliminary fact finding interviews • Gathering evidences • Selecting interviewees • Preparing the interview • What to do during interview Valuable tool for investigation - Differentiating truth and lies • How and why people lie • Gentle profiles of liars • Different types of liars • How to spot a liar Other useful resources for investigating Procurement Fraud WHAT ARE SOME INTERNATIONAL EFFORTS IN COMBATING PROCUREMENT FRAUD THE FRAUD RISK MANAGEMENT FRAMEWORK (PROCUREMENT)  Overview of the framework  Functionality and application  Identifying and rectifying risk  Implementation and review  Aims of framework: • Preventing • Detection • Disruption • Identification • Civil Action / Criminal Prosecution TRY OUT EXERCISE : PROPOSING A FRM FRAMEWORK FOR PROCUREMENT ► Risk Management Professionals ► Compliance Officers ► Accountants ► Anyone who wants to gain insight on the subject WHO SHOULD ATTEND? ► Management & Executive Staffs ► Top Management ► Human Resource Professionals ► Internal or External Auditors ► Finance Professionals ► Procurement Personnels ► Investigators ► Legal Officers ICFE PROFILE The ICFE Group of Companies is a think-tank group of firms dedicated to Fraud Risk Management, Investigation and Prevention. Headquartered in Singapore with regional offices in Malaysia and Hong Kong, ICFE Group of Companies was formed with the intention of combating fraudulent activity and maintaining good corporate governance, and consequently providing professional training and value-adding consultancy services at affordable rates. Our principal consultants are trained by the Association of Certified Fraud Risk Examiners (ACFE). ICFE aims to share its expertise with working professionals or organisations who wish to stay abreast of the latest developments in corporate skills and anti-fraud measures. We do this by organising various public training programmes, seminars, and customised in-house training programmes which are tailored to suit companies in their respective industries. At ICFE, we focus on five areas of professional development: 1. Fraud Prevention 2. Anti-Money Laundering 3. Corporate Governance & Business Ethics 4. Digital Forensics 5. Corporate Skills & Leadership Development Every member of ICFE is dedicated to bringing about a wholesome experience to all clients via Inspirational training, Innovative consultative work and programmes that build Intelligent minds. Website: www.icfe-cg.com Email: enquiry@icfe-cg.com Tel: (603) 2282 5406 Fax: (603) 2282 5407 Follow us: Tel: (603) 2282 5406 Fax: (603) 2282 5407 Follow us: www.icfe-cg.com ICFE Group of Companies ICFE Malaysia Sdn. Bhd. Co. Reg. No. 871789-X
  3. 3. MAN AGING FRAUD RISK 20 - 21 November 2014 Best Western Premier Dua Sentral, Kuala Lumpur TRAINER STANLEY CHIA IN PROCUREMENT  CerƟfied Fraud Examiner (CFE) with the AssociaƟon of CerƟfied Fraud Examiners (ACFE)  Member, ACFE Advisory Council since 2014  CerƟfied Member (CAMS) with AssociaƟon of CerƟfied AnƟ-Money Laundering Specialists (ACAMS)  CerƟfied Financial Crimes InvesƟgator (CFCI) with InternaƟonal AssociaƟon of Financial Crimes InvesƟgator (IAFCI)  CerƟfied AnƟ-CorrupƟon Manager (CACM) with American AnƟ-CorrupƟon InsƟtute (AACI)  Member, AssociaƟon of CerƟfied Financial Crime Specialists (ACFCS)  InternaƟonal Crime PrevenƟon Specialist (ICPS) with InternaƟonal Crime PrevenƟon PracƟƟoner, Inc (ICPP)  Member of GRC InsƟtute  Associate Member, Singapore InsƟtute of Directors  Associate Member, Singapore InsƟtute of Management  PSMB CerƟfied Trainer (Malaysia Human Resource Development Fund) As a Certified Fraud Examiner since 2007, Stanley thrives in the complexity of the fraud examination profession as a result of his sheer passion. Endowed with an inquiring mind, eye for details and valuable insights, he is thoroughly convinced that he has the necessary skill sets to assist organisations to mitigate fraudulent practices. Well versed in financial fififinancial products and compliance methodologies, Stanley specialises in investigative interviewing & profiling techniques and has handled numerous cases for both local and foreign financial institutions. His professional experience, helmed through his time in large institutions like AIA Insurance, Singapore Exchange and United Overseas Bank, extends across anti-money laundering, compliance, enforcement and fraud investigation work. In that time, he solved numerous cases that involved millions of US dollars. Realising he could do much more as a private practitioner, his entrepreneurial spirit got the better of him and he founded the ICFE Group of Companies in 2008. In a three short years, he transformed the ICFE Group of Companies into a think-tank group that has offices in Singapore, Malaysia and Hong Kong. Today, the ICFE Group provides multi-consultancy solutions to companies world-wide. His clientele includes Listed Companies in a host of industries like Aviation, Energy, Banking, Government Funds, REITS, and Hospitality among many others. Apart from field investigation work, Stanley understands the need for training and education. He is often invited to speak at conferences and seminars in Singapore, Malaysia, Hong Kong, Shanghai, Taipei and Thailand, where he teaches Fraud investigation & prevention, Investigative interviewing & profiling techniques, White collar crimes, Procurement fraud, Internal control, Fraud investigation and Corporate fraud. In 2012, Stanley was invited by Malaysia’s Ministry of Education to be a panel member to advise and assist in the development of digital forensics curricula for its polytechnics across the country. He is also currently developing resources for professionals in the areas of interviewing techniques and body language. Stanley holds a Master of Commerce, specialising in Business Law and also a Bachelor of Economics, majoring in Money & Banking and Accounting. ƟƟƟƟƟƟƟƟƟƟfififified ICFE Group of Companies International Cybercrime & Forensics Examiners SINGAPORE | MALAYSIA | HONG KONG Website: www.icfe-cg.com Email: enquiry@icfe-cg.com Tel: (603) 2282 5406 Fax: (603) 2282 5407 ICFE Group of Companies Follow us: ICFE Malaysia Sdn. Bhd. Co. Reg. No. 871789-X Group Managing Director & Chief Fraud Examiner, ICFE Group of Companies
  4. 4. MANAGING FRAUD RISK IN PROCUREMENT 20 - 21 November 2014 Best Western Premier Dua Sentral, Kuala Lumpur How to RegisterHow to Register Delegate Particular Delegate Name Mr / Ms / Mrs / Dr Organisation Designation Phone Email Delegate Name Mr / Ms / Mrs / Dr Organisation Designation Phone Contact Person Dept Fax Name Mr / Ms / Mrs / Dr Postal Address Designation Phone Email Dept Dept Fax I have read and understood the booking terms & conditions. Personal Data Protection Notice (Compulsary to fill) Please be informed that in accordance with the Malaysian Personal Data Protection Act 2010 (“PDPA”), by providing your personal data to ICFE Group of Companies (hereafter referred to as ‘ICFE’), you have hereby given consent to ICFE to process your personal data for the purpose as stated below. Purpose: ICFE may use your personal information for direct marketing, as well as to update you, on ICFE training events and conferences. Data Disclosure: ICFE may provide your personal information to third parties and to our collaborative partners in relation to the purpose above. Data Retention Details: 1. ICFE shall retain your personal data for seven (7) years from the date of collection; and 2. ICFE shall remove your personal data with you write to ICFE to withdraw your consent. You may email to enquiry@icfe-cg.com by stating so. Data Access: You also have the rights to request access to your personal data at all times and be entitled to correct it if necessary. Please read and understand ICFE’s Personal Data Protection Notice before you agree to submit your personal data. Issued by: ICFE Group of Companies ACKNOWLEDGEMENT STATEMENT(Please tick where applicable) I hereby acknowledge that I have read, understood and agree the purpose of providing my personal data as mentioned in ICFE PDPA notice for the training event. I disagree to provide my personal data as mentioned in ICFE’s PDPA notice. Participant: Signature Name: Date Contact Person: Signature Name: Date Signature Name: Date Preferred Mode of Payment COURSE FEE (2-Day) Regular Rates RM 3288.00 *Early Bird RM 2880.00 Buddy Rates (2 Pax) RM 5376.00 Register in pairs to enjoy buddy rates! Not valid with other discounts. By Cheque (Please cross cheque made payable to ICFE Malaysia Sdn Bhd and mail your payment together with this registration form to the Company address stated in the “How to Register” box above.) Telegraphic Transfer Public Bank Berhad Branch: Jalan Raja Chulan Account No.: 3-1575918-33 Account Name: ICFE Malaysia Sdn Bhd Swift Code: PBBEMYKL 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 name and designation 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 before the program date. A complete set of 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 organiser 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 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 organiser in advance if you are not agreeable or do not completely understand the term and we will cancel your enrolment accordingly. Fax Email Address: ICFE Malaysia Sdn Bhd Unit A-25-05, Blk A, Menara UOA, No. 5, Jalan Bangsar Utama 1, 59000 Bangsar Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur *Register by 20 October 2014 for EARLY BIRD DISCOUNT! Ms Nonya Laila May Bok Phone: +603 2282 4691 Fax: +603 2282 5407 Email: nonya.lailabok@icfe-cg.com ICFE Malaysia Sdn. Bhd. Co. Reg. No. 871789-X

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