A Value-Added Audit
On ETHICS and AUDITORS DUTIES
(Assessing Organizational and Individual Ethics)
By
Tommy Seah
World Class trainer for practicing auditors
BACKGROUND
13th Aug 2009, Hotel Rendezvous, Singapore
BACKGROUND
The continuing influence and impact which personal and professional ethics exerts upon
individuals, organizations and society, and the factors which influence organizational ethics,
has been thrust into the headlines of the populous. The ethical issues faced daily by
organizations and their employees are neither always straightforward nor easy to resolve.
Results of unethical behavior by accounting/audit professionals, and the impact of ethics upon
organizations, is a topic of growing concern in corporate board rooms around the world. This
one day seminar will examine the timely and important topic of ethics and its relevance and
importance to overall corporate wellbeing. In particular, what factors influence the likelihood
that an individual will act ethically or less than ethical, and what this means to management,
the organization, and internal controls in general. It also examines the question, if the
auditors are doing all that they are suppose to do, in the manner that they are suppose to do
it, why does fraud still occurs?
OBJECTIVES
OBJECTIVES
After completing this seminar, participants will be able to:
Understand SEATA and understand the interrelated nature of organizational functions and
components as they relate to establishing an ethically compliant organization
CFE Strategic
Alliances
Jointly Organized by Endorsed by
Certified System Investigator
CSI World Headquarters, Singapore
(CSI CPE Credits: 8)
CFE International
Consultancy Group
Private Limited
Identify the role of organizational values in driving strategic goals and objectives
Discover the role that personal values play in driving individual employee choices and
decisions
Develop an ethics assessment tool designed to evaluate an organization's compliance to
stated ethics policies
Pinpoint the underlying causes of patterns of unethical and/or undesired employee behavior
Reduce the incidence of employee conflict between the intended change and their personal
ethical standards and expectations
Increase employee commitment to organizational goals and objectives
This is the institutional presentation of Instituto Yiesia of Corporate Governance and Compliance. Instituto Yiesia renders advisory services aiming at generating value to companies through corporate governance instruments. Private Equity and Venture Capital Funds may benefit from it in the fund raising process. Hope you all enjoy it. Reinvent your company, gain market share, promote the sustainability of your business, achieve another step of leadership among peers. Even if itยดs not your intention to sell your company, do an IPO or even get an institutional parter, itยดs always advisable to see your company as a "liquid investment" when your corporate governance and compliance practices are all in place. Take advantage of it!
How a corporate governance and compliance framework is able to generate added value to any company
The document discusses the objectives and methods of Instituto Yiesia, which includes provoking companies to reflect and reinvent themselves, identifying best practices, and relying on knowledge of corporate governance and compliance. It aims to be recognized as a stimulating intermediary that enables transformation. The institute provides advice to companies on increasing effectiveness, improving competition, and contributing to sustainability and protecting reputation through a holistic and customized approach.
The document discusses implementing and managing ethics programs in organizations. It covers factors that impact ethics program success, such as code of ethics content and senior management commitment. It also discusses ethics audits, which systematically evaluate programs' effectiveness by measuring compliance. Ethics audits can identify risks, improve performance and compliance, and set goals for organizations.
This document discusses organizational factors that influence ethical decision making, including corporate culture and relationships. It describes how corporate culture is shaped by both formal mechanisms like codes of conduct as well as informal influences from leadership. An ethical culture with high concern for both people and performance can promote ethical behavior, while compliance-focused cultures centered around legal minimums are less effective. Relationships within a company, including supervisor influence and group norms, also impact individual decisions. Overall, the document examines how organizational structure, leadership, values, and social dynamics establish a context that guides ethical conduct.
Creating a Culture of Operational Discipline that leads to Operational Excell...Wilson Perumal and Company
ย
As the world becomes more complex, the best companies and leaders are beginning to realize that improving culture is their greatest lever for achieving Operational Excellence. Complex systems require a different kind of cultureโone with a specific set of guiding principles. In order to instill these principles in your organization, it is necessary to learn what the current culture is and what people think it ought to be like, establish the guiding principles necessary to be successful, align them to every level of the organization, and develop and sustain them through committed leadership and integration into key management system processes.
Wilson Perumal & Company has a long track record of helping companies in all industries transform their cultures and dramatically improve operational results. In this Vantage Point, we will share the most important lessons we have learned through our research and experience working directly with High-Reliability Organizations (HROs) and our clients as they pursue Operational Excellence.
This document discusses emerging business ethics issues, including recognizing ethical issues, specific types of observed misconduct like honesty, fairness, integrity, and ethical dilemmas. It covers shareholder issues, misuse of company resources, abusive behavior, lying, conflicts of interest, bribery, corporate intelligence, discrimination, and more. The document is from a chapter that examines ethical issues and how businesses are addressing ethics.
This is the institutional presentation of Instituto Yiesia of Corporate Governance and Compliance. Instituto Yiesia renders advisory services aiming at generating value to companies through corporate governance instruments. Private Equity and Venture Capital Funds may benefit from it in the fund raising process. Hope you all enjoy it. Reinvent your company, gain market share, promote the sustainability of your business, achieve another step of leadership among peers. Even if itยดs not your intention to sell your company, do an IPO or even get an institutional parter, itยดs always advisable to see your company as a "liquid investment" when your corporate governance and compliance practices are all in place. Take advantage of it!
How a corporate governance and compliance framework is able to generate added value to any company
The document discusses the objectives and methods of Instituto Yiesia, which includes provoking companies to reflect and reinvent themselves, identifying best practices, and relying on knowledge of corporate governance and compliance. It aims to be recognized as a stimulating intermediary that enables transformation. The institute provides advice to companies on increasing effectiveness, improving competition, and contributing to sustainability and protecting reputation through a holistic and customized approach.
The document discusses implementing and managing ethics programs in organizations. It covers factors that impact ethics program success, such as code of ethics content and senior management commitment. It also discusses ethics audits, which systematically evaluate programs' effectiveness by measuring compliance. Ethics audits can identify risks, improve performance and compliance, and set goals for organizations.
This document discusses organizational factors that influence ethical decision making, including corporate culture and relationships. It describes how corporate culture is shaped by both formal mechanisms like codes of conduct as well as informal influences from leadership. An ethical culture with high concern for both people and performance can promote ethical behavior, while compliance-focused cultures centered around legal minimums are less effective. Relationships within a company, including supervisor influence and group norms, also impact individual decisions. Overall, the document examines how organizational structure, leadership, values, and social dynamics establish a context that guides ethical conduct.
Creating a Culture of Operational Discipline that leads to Operational Excell...Wilson Perumal and Company
ย
As the world becomes more complex, the best companies and leaders are beginning to realize that improving culture is their greatest lever for achieving Operational Excellence. Complex systems require a different kind of cultureโone with a specific set of guiding principles. In order to instill these principles in your organization, it is necessary to learn what the current culture is and what people think it ought to be like, establish the guiding principles necessary to be successful, align them to every level of the organization, and develop and sustain them through committed leadership and integration into key management system processes.
Wilson Perumal & Company has a long track record of helping companies in all industries transform their cultures and dramatically improve operational results. In this Vantage Point, we will share the most important lessons we have learned through our research and experience working directly with High-Reliability Organizations (HROs) and our clients as they pursue Operational Excellence.
This document discusses emerging business ethics issues, including recognizing ethical issues, specific types of observed misconduct like honesty, fairness, integrity, and ethical dilemmas. It covers shareholder issues, misuse of company resources, abusive behavior, lying, conflicts of interest, bribery, corporate intelligence, discrimination, and more. The document is from a chapter that examines ethical issues and how businesses are addressing ethics.
Community Profiler Standard Presentation Er Editsusabrenno
ย
CGR is a nonprofit organization that provides decision support tools to governments and organizations through research and analysis. Their Community Profiler tool creates profiles of communities that summarize key indicators on issues like health, education, and the economy. Traditionally, community profiles were expensive paper reports, but CGR's online tool allows automatic updates and broader access at a lower cost. For an introductory price of $60,000, communities receive a profile of 70 indicators with comparisons to other areas and trends over time through an online platform.
The Innovator's Dilemma of the Translation IndustryRobert Laing
ย
The translation industry is undergoing disruption in a textbook manner described by Clayton Christensen in his book "The Innovator's Dilemma". Companies like Gengo are disrupting traditional players with new production methods, while the industry watches on.
Earth Protect is an environmental website that aims to connect people on environmental issues through user-generated videos, forums, and blogs. The site also features resources on non-profit environmental organizations and a directory of green products. Key participants include youth, college students, environmental groups, and green businesses. The advisory council consists of experts from environmental non-profits and organizations focused on sustainability.
Understanding Procurement Fraud by Tommy SeahTommy Seah
ย
Dear Delegates,
Purchasing fraud is on the rise. Companies today do not just face risks from internal fraud but also
from external criminals who are technologically savvy. The important role on combating fraud plays in
minimising financial losses is fast gaining ground. CFE-In-Practice experts is providing you
with practical advice on how to โlook for red flagsโ and symptoms of fraud. Discover
why some numbers do not add up. Mitigate this fraud risk management by learning
the latest strategies that can be adapted to your company. This event will also cover
investigation and prevention, most importantly how to structure your business processes to minimise
the risks whilst maintaining operational efficiency.
Recognising the challenges that organisations are facing in combating Purchasing Fraud, CSI
In Practice is pleased to present this 2-days Workshop on Understanding Procurement Fraud -
Investigation & Resolution. This will serve as an excellent opportunity to learn how best to conduct
an internal investigation to protect your organization and step up on controls to deter fraud.
O documento apresenta o currรญculo da professora Paula Carina de Araรบjo, incluindo sua formaรงรฃo acadรชmica e experiรชncia profissional. Ela possui graduaรงรฃo, mestrado e doutorado em ciรชncia da informaรงรฃo e biblioteconomia. Atualmente รฉ coordenadora da Biblioteca de Ciรชncias Jurรญdicas e docente na รกrea de biblioteconomia.
The document summarizes the results of a benchmarking study on mobile termination rates conducted in Namibia. Some key points:
- In 2008, the Namibian regulator commissioned a study to determine appropriate mobile termination rates based on international benchmarks.
- The study found Namibia's rates of N$1.06 to be higher than benchmarks from countries like India, Cyprus, Austria, and Sweden.
- Based on the study, the regulator prescribed new termination rate ceilings of N$0.60 by January 2009, declining to N$0.30 by January 2011.
- International best practice indicates termination rates should equal the efficient cost of termination to promote competition and low retail prices.
FOREIGN EXCHANGE MANAGEMENT AUDIT - FOREX AUDIT by TOMMY SEAHTommy Seah
ย
This course is aimed at those who wish to gain an understanding of the management techniques, concepts and practices in Foreign Exchange Management and control. This course is for you who are auditing the bank or somehow have an interest in the management and control of forex activities. It will also appeal to Backroom staff whose nature of work necessitates a good grasp of FOREX and Money Market activities. This is not a general course. It is specially tailored to suit the needs of the Bank Internal Auditors. It provides the Auditor with the necessary concepts, practice and program to conduct an FX Audit. The immediate benefit in attending this coaching session is that you get a complete Audit Programme on FOREX.
Understanding the strategies for improving and managing the risk/return profile and performance of forex position is crucial for successful Treasury Management. This coaching session includes a conceptual overview of Treasury Management concepts, such as line distribution, dealer correlation and valuation of position. Key forex inputs and outputs are defined using hands-on exercises with the CFE-In-Practiceโข Case Studies. This informative program covers a wide range from product knowledge, elements of risk, return and optimization, control and forex risk management. In other words, learn everything you need to know about managing a Forex department so that profit can be optimized and loss can be recognized. Too many organisation make too much profit to be lost in Forex too quickly too. That is why you need to manage your Forex department actively.
OBJECTIVES AND BENEFITS IN ATTENDING
On completion of the Coaching Session participants will be able to:
โข Understand and assess the risk and return of a Forex portfolio
โข Determine the most attractive exposures from a risk/return perspective
โข Determine the range and likelihood of future forex portfolio values; given this range and likelihood, determine how much equity or capital is required
โข Identify the major sources of concentration and diversification in a Forex portfolio
โข Assess strategies for improving performance of treasury portfolios
Day One - (PRODUCT KNOWLEDGE)
Is there a fundamental difference between Money Market & Foreign Exchange Market? What is a POSITION? Who controls the position in the bank? What is the best practice in the management of TREASURY LINES? How does Interest Rate Swaps and Currency Swaps work? Should your banks be involved in any of these? Case Studies and discussions.
Day Two (Forex AUDIT)
What is the correct audit approach? Why use the Systems based approach for forex audit? Where lies the auditorโs safety in a forex audit? What must be the FOREX audit focus?
DETAIL COACHING OUTLINE
โข Data requirements and sources for active Forex management
โข Default quantification for each obligor and utilization and recovery in the event of default; and an overview of the different sources for this data
โข Understanding the distinction between MDDR line and FX line
โข Components of Forex risk
โข Methods of obtaining default probabilities
โข Requirements for internal monitoring systems
โข Determining quantum of loss given default in a Forex portfolio
โข Criteria for which Forex position will be held in a portfolio or, alternatively, sold to other investors i.e. closing out
โข An organization's required rate of return and its risk appetite
โข Policy setting and implementation; investing guidelines, monitoring performance investment tactics, position control and management
โข Quantification of Forex concentrations (Note: This program will describe and use the widely discussed CFE-In-Practiceโข FOREX Case Studies)
METHODOLOGY
This coaching 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 gi
This document discusses broadband internet access in Africa based on surveys conducted in 12 countries. It finds that fewer than 25% of households have computers and even fewer have internet access. However, internet use on mobile phones is growing rapidly. While mobile broadband prices have fallen, fixed-line access is declining and fixed-line operators may need to invest in fiber networks or risk losing the data market to mobile operators. Regulatory changes around structural separation and open access could help increase broadband competition.
Psychology of fraud 50 pages for comment by tommy seah number one fraud busterTommy Seah
ย
This document provides an overview and summary of a book on the psychology of fraud, gender bias, and interview techniques. It discusses the definition of fraud and how to identify it, the factors that lead to fraud, limitations of internal controls, differences in male and female psychology and motivation for fraud. The bulk of the document focuses on effective interview techniques to determine the truth in a fair and ethical manner. It provides guidance on red flags for fraud, best practices for interviewing witnesses, detecting deception, verifying information and effective note taking.
The relation between the domains of information retrieval and knowledge organ...Paula Carina De Araรบjo
ย
The objective of this research is to analyze the thematic of international scientific production published during the 2006 - 2015 period on Knowledge Organization and Information Retrieval indexed in Web of Science and Scopus databases. This study develops a qualitative and exploratory research of a corpus of 100 papers that establishes a relationship between Knowledge Organization and Information Retrieval. The study also analyses the papers that are part of the corpus and classifies them into three categories, using the dimensions of Knowledge Organization that are considered themes in the Brazilian Congress on Knowledge Organization and Representation organized by the International Society for Knowledge Organization (ISKO): epistemological dimension, applied dimension, social and political dimension. We found that most of the scientific production is concentrated in the applied dimension, which can be explained by the applied characteristic of Information Retrieval. The epistemological dimension is the second most recurrent, and the social and political dimension has low incidence, which can be explained once the corpus is formed by the international scientific production and is not reflected in a dimension designed for a Brazilian Congress.
Mobile telephony provides Africa with the additional economic growth that was experienced by OECD countries in the 80s by the deployment of ๏ฌxed line telephony. Lower prices will increase access and usage and amplify this effect. A competitive ICT sector is the only recipe for low prices and high service delivery. Policy and regulatory environment are very important factors for establishing a competitive ICT sector
Improving and Implementing Internal ControlsTommy Seah
ย
Implementing and Improving Internal Controls
Articulating the increasing need for comprehensive in-house fraud control procedures
โข Optimizing the accuracy and reliability of data acquired through internal inspections
โข Detailing the process of applying controls inside the organization, and demonstrating the outcome
O documento descreve a experiรชncia profissional e acadรชmica de Paula Carina de Araรบjo, professora da Universidade de Caxias do Sul. Ela atuou como pesquisadora jรบnior em inteligรชncia competitiva e bibliotecรกria em vรกrias instituiรงรตes, alรฉm de ter experiรชncia docente. O texto tambรฉm apresenta conceitos e processos relacionados ร inteligรชncia competitiva, como ciclo de IC, planejamento, coleta, anรกlise, disseminaรงรฃo e avaliaรงรฃo. Por fim, discute o potencial papel dos bibliotecรกrios nessa รกrea.
Fraud Risk Management - Road Show in KL, MalaysiaTommy Seah
ย
The Reason why u need FRA
Passage of the Sarbanes-Oxley Act (SOX) caused more and more companies, public and private, to assess their vulnerability to fraud and abuse. Section 404(a) of the Act requires management of public companies to assess and report on its internal financial reporting controls, largely to ensure that financial statements are fairly presented in accordance with generally accepted accounting principles (GAAP). Fraudulent financial reporting that leads to a material misstatement in the financial statements is one key risk management should assess. This assessment focuses on accounts, processes, GAAP disclosures and the assertions in the financial statements and other required disclosures. Countries in Asia do not necessarily have their own version of SOX. But they have seen the benefits in SOX in the prevention of occupational fraud. Fraud Risk Assessment is now an integral part of good corporate governance.
Such assessments arenโt new. Organizations have assessed business and organizational risks for years. But fraud risk analysis has rarely been the primary focus. Times have changed, and now many companies and organizations are considering conducting specific fraud risk assessments.
Prevent, Deter and Detect Fraud
A fraud risk assessment is designed to examine the controls specifically created to prevent, deter and detect fraud. This assessment is fraud scheme and scenario-based. Fraud risk assessments also communicate a companywide policy of zero tolerance for fraud and abuse.
To conduct an effective fraud risk assessment, follow these steps:
1. Organize and define the assessment objectives with company management and your internal audit committee. Form a team of fraud and control experts, and get senior management and audit committee buy-in: Ask them to communicate their endorsement and sponsorship of both the process and a strong antifraud program to the entire organization.
2. Determine the business and accounting process(es) to be assessed and investigated. Usually, the initial processes selected are those where fraud or abuse has previously occurred or that management has identified as critical business processes that may be susceptible to fraud or abuse.
3. Identify potential schemes and scenarios specific to the process(es) to be examined against current controls. Fraud schemes and scenarios should be selected based on the specific business process, the industry, physical location of the process operation and any known frauds or abuses concerning the process.
4. Determine the likelihood of a fraud occurring within each scheme and scenario. The Public Company Accounting Oversight Board has defined risk levels as remote, more than remote or reasonably possible, and probable. If assessing a public company, assess the risk levels in relation to SOX compliance efforts.
5. After the fraud risks for individual processes have been identified, documented, and rated as to risk level, match the controls within each process to the identified fraud risks. Determine the effectiveness of each control in preventing or providing a means of early detection for the fraud risk. Group the risks as to their probability of occurring within the process.
6. Estimate the probable loss in dollars should the fraud or abuse occur. Try to place a value on loss of reputation if that is a possible outcome.
7. Prepare recommendations for strengthening controls and present to management.
Fraud Risk Assessment Benefits
Some benefits of a fraud risk assessment are obvious โ compliance with Sarbanes-Oxley, protection of company assets, and a possible increase in profitability due to a reduction in fraud losses, waste and abuse. But another important benefit doesnโt appear in financial statements or government filings: the enhanced reputation of a highly ethical company that supports a strong internal and external antifraud policy and program.
Blalock Lakes Club hired CO&P to design a membership brochure to promote annual memberships and amenities to executives, helping increase property sales during an economic slowdown. CO&P created advertising campaigns for S1 Corporation's financial clients to increase enrollment in internet banking and bill pay without relying on labor. CO&P redesigned National Solvent Exchange's brand to revitalize the company during a slowdown and increase recognition. CO&P developed websites and provided public relations support for various companies to help position them as leaders and increase competition.
1) The informal sector in Africa provides livelihoods for many but faces obstacles accessing capital from formal financial systems.
2) Mobile phone-based solutions have potential to help draw the informal sector into financial services by facilitating transactions and credit histories.
3) Using airtime as an alternative to cash transactions could help informal businesses build transaction histories to access credit, if challenges around airtime's liquidity and taxation are addressed.
PA209- Tools for Ethics Managers Report (Part 2 of 2)Pauline Sanchez
ย
The document discusses various tools that can be used to promote ethical behavior in governance. It describes codes or oaths, ethics audits, and human resources management practices as tools to integrate ethics into organizational culture. While no single tool is sufficient, the document advocates using multiple tools together, including codes, audits, staff meetings, ethical awareness committees, and incorporating ethics into hiring, evaluations, training, and having ethics counselors. Leadership and a combination of these tools is needed to effectively promote integrity.
Pinnacle Associates helps clients manage health, safety, and environmental risks through embedding risk management practices. They offer a wide range of consultancy services, and place client satisfaction as their top priority. Their unique approach involves tailoring solutions to client needs using a network of partners. Pinnacle360 is their proprietary assessment methodology that identifies risks based on real behaviors rather than just compliance. It provides a more accurate view of performance by engaging internal and external stakeholders.
The document discusses various ethical challenges that may arise within different functional departments of an organization. It defines organizational ethics and culture, and explains how ethics must be considered in key functions like research and development, manufacturing, marketing, sales, customer service, and human resources. It notes that human resources should be at the center of any corporate code of ethics due to its role in hiring, managing, and developing employees. The document also provides examples of potential ethical issues that could occur in each department.
Workplace integrity- Aurelkys Estevez. -Human Capital StrategiesAurelkys Estevez, MS
ย
This document discusses promoting integrity in the workplace. It begins with an agenda that includes defining integrity, discussing unethical workplace behavior, and ways to promote integrity. Integrity is defined as prioritizing moral considerations over self-interest. Unethical behaviors include rationalization, peer pressure, and disregarding company policy. The document recommends promoting integrity through policies, understanding impacts, satisfying personal values, and following laws. It suggests strong ethical leadership, effective codes of conduct, and rewarding ethical behavior. An activity proposes creating a rewards program to address issues like bribery and misuse of funds at a company. The document emphasizes the importance of integrity and consequences of lacking it, and concludes that integrity means aligning actions with words.
Community Profiler Standard Presentation Er Editsusabrenno
ย
CGR is a nonprofit organization that provides decision support tools to governments and organizations through research and analysis. Their Community Profiler tool creates profiles of communities that summarize key indicators on issues like health, education, and the economy. Traditionally, community profiles were expensive paper reports, but CGR's online tool allows automatic updates and broader access at a lower cost. For an introductory price of $60,000, communities receive a profile of 70 indicators with comparisons to other areas and trends over time through an online platform.
The Innovator's Dilemma of the Translation IndustryRobert Laing
ย
The translation industry is undergoing disruption in a textbook manner described by Clayton Christensen in his book "The Innovator's Dilemma". Companies like Gengo are disrupting traditional players with new production methods, while the industry watches on.
Earth Protect is an environmental website that aims to connect people on environmental issues through user-generated videos, forums, and blogs. The site also features resources on non-profit environmental organizations and a directory of green products. Key participants include youth, college students, environmental groups, and green businesses. The advisory council consists of experts from environmental non-profits and organizations focused on sustainability.
Understanding Procurement Fraud by Tommy SeahTommy Seah
ย
Dear Delegates,
Purchasing fraud is on the rise. Companies today do not just face risks from internal fraud but also
from external criminals who are technologically savvy. The important role on combating fraud plays in
minimising financial losses is fast gaining ground. CFE-In-Practice experts is providing you
with practical advice on how to โlook for red flagsโ and symptoms of fraud. Discover
why some numbers do not add up. Mitigate this fraud risk management by learning
the latest strategies that can be adapted to your company. This event will also cover
investigation and prevention, most importantly how to structure your business processes to minimise
the risks whilst maintaining operational efficiency.
Recognising the challenges that organisations are facing in combating Purchasing Fraud, CSI
In Practice is pleased to present this 2-days Workshop on Understanding Procurement Fraud -
Investigation & Resolution. This will serve as an excellent opportunity to learn how best to conduct
an internal investigation to protect your organization and step up on controls to deter fraud.
O documento apresenta o currรญculo da professora Paula Carina de Araรบjo, incluindo sua formaรงรฃo acadรชmica e experiรชncia profissional. Ela possui graduaรงรฃo, mestrado e doutorado em ciรชncia da informaรงรฃo e biblioteconomia. Atualmente รฉ coordenadora da Biblioteca de Ciรชncias Jurรญdicas e docente na รกrea de biblioteconomia.
The document summarizes the results of a benchmarking study on mobile termination rates conducted in Namibia. Some key points:
- In 2008, the Namibian regulator commissioned a study to determine appropriate mobile termination rates based on international benchmarks.
- The study found Namibia's rates of N$1.06 to be higher than benchmarks from countries like India, Cyprus, Austria, and Sweden.
- Based on the study, the regulator prescribed new termination rate ceilings of N$0.60 by January 2009, declining to N$0.30 by January 2011.
- International best practice indicates termination rates should equal the efficient cost of termination to promote competition and low retail prices.
FOREIGN EXCHANGE MANAGEMENT AUDIT - FOREX AUDIT by TOMMY SEAHTommy Seah
ย
This course is aimed at those who wish to gain an understanding of the management techniques, concepts and practices in Foreign Exchange Management and control. This course is for you who are auditing the bank or somehow have an interest in the management and control of forex activities. It will also appeal to Backroom staff whose nature of work necessitates a good grasp of FOREX and Money Market activities. This is not a general course. It is specially tailored to suit the needs of the Bank Internal Auditors. It provides the Auditor with the necessary concepts, practice and program to conduct an FX Audit. The immediate benefit in attending this coaching session is that you get a complete Audit Programme on FOREX.
Understanding the strategies for improving and managing the risk/return profile and performance of forex position is crucial for successful Treasury Management. This coaching session includes a conceptual overview of Treasury Management concepts, such as line distribution, dealer correlation and valuation of position. Key forex inputs and outputs are defined using hands-on exercises with the CFE-In-Practiceโข Case Studies. This informative program covers a wide range from product knowledge, elements of risk, return and optimization, control and forex risk management. In other words, learn everything you need to know about managing a Forex department so that profit can be optimized and loss can be recognized. Too many organisation make too much profit to be lost in Forex too quickly too. That is why you need to manage your Forex department actively.
OBJECTIVES AND BENEFITS IN ATTENDING
On completion of the Coaching Session participants will be able to:
โข Understand and assess the risk and return of a Forex portfolio
โข Determine the most attractive exposures from a risk/return perspective
โข Determine the range and likelihood of future forex portfolio values; given this range and likelihood, determine how much equity or capital is required
โข Identify the major sources of concentration and diversification in a Forex portfolio
โข Assess strategies for improving performance of treasury portfolios
Day One - (PRODUCT KNOWLEDGE)
Is there a fundamental difference between Money Market & Foreign Exchange Market? What is a POSITION? Who controls the position in the bank? What is the best practice in the management of TREASURY LINES? How does Interest Rate Swaps and Currency Swaps work? Should your banks be involved in any of these? Case Studies and discussions.
Day Two (Forex AUDIT)
What is the correct audit approach? Why use the Systems based approach for forex audit? Where lies the auditorโs safety in a forex audit? What must be the FOREX audit focus?
DETAIL COACHING OUTLINE
โข Data requirements and sources for active Forex management
โข Default quantification for each obligor and utilization and recovery in the event of default; and an overview of the different sources for this data
โข Understanding the distinction between MDDR line and FX line
โข Components of Forex risk
โข Methods of obtaining default probabilities
โข Requirements for internal monitoring systems
โข Determining quantum of loss given default in a Forex portfolio
โข Criteria for which Forex position will be held in a portfolio or, alternatively, sold to other investors i.e. closing out
โข An organization's required rate of return and its risk appetite
โข Policy setting and implementation; investing guidelines, monitoring performance investment tactics, position control and management
โข Quantification of Forex concentrations (Note: This program will describe and use the widely discussed CFE-In-Practiceโข FOREX Case Studies)
METHODOLOGY
This coaching 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 gi
This document discusses broadband internet access in Africa based on surveys conducted in 12 countries. It finds that fewer than 25% of households have computers and even fewer have internet access. However, internet use on mobile phones is growing rapidly. While mobile broadband prices have fallen, fixed-line access is declining and fixed-line operators may need to invest in fiber networks or risk losing the data market to mobile operators. Regulatory changes around structural separation and open access could help increase broadband competition.
Psychology of fraud 50 pages for comment by tommy seah number one fraud busterTommy Seah
ย
This document provides an overview and summary of a book on the psychology of fraud, gender bias, and interview techniques. It discusses the definition of fraud and how to identify it, the factors that lead to fraud, limitations of internal controls, differences in male and female psychology and motivation for fraud. The bulk of the document focuses on effective interview techniques to determine the truth in a fair and ethical manner. It provides guidance on red flags for fraud, best practices for interviewing witnesses, detecting deception, verifying information and effective note taking.
The relation between the domains of information retrieval and knowledge organ...Paula Carina De Araรบjo
ย
The objective of this research is to analyze the thematic of international scientific production published during the 2006 - 2015 period on Knowledge Organization and Information Retrieval indexed in Web of Science and Scopus databases. This study develops a qualitative and exploratory research of a corpus of 100 papers that establishes a relationship between Knowledge Organization and Information Retrieval. The study also analyses the papers that are part of the corpus and classifies them into three categories, using the dimensions of Knowledge Organization that are considered themes in the Brazilian Congress on Knowledge Organization and Representation organized by the International Society for Knowledge Organization (ISKO): epistemological dimension, applied dimension, social and political dimension. We found that most of the scientific production is concentrated in the applied dimension, which can be explained by the applied characteristic of Information Retrieval. The epistemological dimension is the second most recurrent, and the social and political dimension has low incidence, which can be explained once the corpus is formed by the international scientific production and is not reflected in a dimension designed for a Brazilian Congress.
Mobile telephony provides Africa with the additional economic growth that was experienced by OECD countries in the 80s by the deployment of ๏ฌxed line telephony. Lower prices will increase access and usage and amplify this effect. A competitive ICT sector is the only recipe for low prices and high service delivery. Policy and regulatory environment are very important factors for establishing a competitive ICT sector
Improving and Implementing Internal ControlsTommy Seah
ย
Implementing and Improving Internal Controls
Articulating the increasing need for comprehensive in-house fraud control procedures
โข Optimizing the accuracy and reliability of data acquired through internal inspections
โข Detailing the process of applying controls inside the organization, and demonstrating the outcome
O documento descreve a experiรชncia profissional e acadรชmica de Paula Carina de Araรบjo, professora da Universidade de Caxias do Sul. Ela atuou como pesquisadora jรบnior em inteligรชncia competitiva e bibliotecรกria em vรกrias instituiรงรตes, alรฉm de ter experiรชncia docente. O texto tambรฉm apresenta conceitos e processos relacionados ร inteligรชncia competitiva, como ciclo de IC, planejamento, coleta, anรกlise, disseminaรงรฃo e avaliaรงรฃo. Por fim, discute o potencial papel dos bibliotecรกrios nessa รกrea.
Fraud Risk Management - Road Show in KL, MalaysiaTommy Seah
ย
The Reason why u need FRA
Passage of the Sarbanes-Oxley Act (SOX) caused more and more companies, public and private, to assess their vulnerability to fraud and abuse. Section 404(a) of the Act requires management of public companies to assess and report on its internal financial reporting controls, largely to ensure that financial statements are fairly presented in accordance with generally accepted accounting principles (GAAP). Fraudulent financial reporting that leads to a material misstatement in the financial statements is one key risk management should assess. This assessment focuses on accounts, processes, GAAP disclosures and the assertions in the financial statements and other required disclosures. Countries in Asia do not necessarily have their own version of SOX. But they have seen the benefits in SOX in the prevention of occupational fraud. Fraud Risk Assessment is now an integral part of good corporate governance.
Such assessments arenโt new. Organizations have assessed business and organizational risks for years. But fraud risk analysis has rarely been the primary focus. Times have changed, and now many companies and organizations are considering conducting specific fraud risk assessments.
Prevent, Deter and Detect Fraud
A fraud risk assessment is designed to examine the controls specifically created to prevent, deter and detect fraud. This assessment is fraud scheme and scenario-based. Fraud risk assessments also communicate a companywide policy of zero tolerance for fraud and abuse.
To conduct an effective fraud risk assessment, follow these steps:
1. Organize and define the assessment objectives with company management and your internal audit committee. Form a team of fraud and control experts, and get senior management and audit committee buy-in: Ask them to communicate their endorsement and sponsorship of both the process and a strong antifraud program to the entire organization.
2. Determine the business and accounting process(es) to be assessed and investigated. Usually, the initial processes selected are those where fraud or abuse has previously occurred or that management has identified as critical business processes that may be susceptible to fraud or abuse.
3. Identify potential schemes and scenarios specific to the process(es) to be examined against current controls. Fraud schemes and scenarios should be selected based on the specific business process, the industry, physical location of the process operation and any known frauds or abuses concerning the process.
4. Determine the likelihood of a fraud occurring within each scheme and scenario. The Public Company Accounting Oversight Board has defined risk levels as remote, more than remote or reasonably possible, and probable. If assessing a public company, assess the risk levels in relation to SOX compliance efforts.
5. After the fraud risks for individual processes have been identified, documented, and rated as to risk level, match the controls within each process to the identified fraud risks. Determine the effectiveness of each control in preventing or providing a means of early detection for the fraud risk. Group the risks as to their probability of occurring within the process.
6. Estimate the probable loss in dollars should the fraud or abuse occur. Try to place a value on loss of reputation if that is a possible outcome.
7. Prepare recommendations for strengthening controls and present to management.
Fraud Risk Assessment Benefits
Some benefits of a fraud risk assessment are obvious โ compliance with Sarbanes-Oxley, protection of company assets, and a possible increase in profitability due to a reduction in fraud losses, waste and abuse. But another important benefit doesnโt appear in financial statements or government filings: the enhanced reputation of a highly ethical company that supports a strong internal and external antifraud policy and program.
Blalock Lakes Club hired CO&P to design a membership brochure to promote annual memberships and amenities to executives, helping increase property sales during an economic slowdown. CO&P created advertising campaigns for S1 Corporation's financial clients to increase enrollment in internet banking and bill pay without relying on labor. CO&P redesigned National Solvent Exchange's brand to revitalize the company during a slowdown and increase recognition. CO&P developed websites and provided public relations support for various companies to help position them as leaders and increase competition.
1) The informal sector in Africa provides livelihoods for many but faces obstacles accessing capital from formal financial systems.
2) Mobile phone-based solutions have potential to help draw the informal sector into financial services by facilitating transactions and credit histories.
3) Using airtime as an alternative to cash transactions could help informal businesses build transaction histories to access credit, if challenges around airtime's liquidity and taxation are addressed.
PA209- Tools for Ethics Managers Report (Part 2 of 2)Pauline Sanchez
ย
The document discusses various tools that can be used to promote ethical behavior in governance. It describes codes or oaths, ethics audits, and human resources management practices as tools to integrate ethics into organizational culture. While no single tool is sufficient, the document advocates using multiple tools together, including codes, audits, staff meetings, ethical awareness committees, and incorporating ethics into hiring, evaluations, training, and having ethics counselors. Leadership and a combination of these tools is needed to effectively promote integrity.
Pinnacle Associates helps clients manage health, safety, and environmental risks through embedding risk management practices. They offer a wide range of consultancy services, and place client satisfaction as their top priority. Their unique approach involves tailoring solutions to client needs using a network of partners. Pinnacle360 is their proprietary assessment methodology that identifies risks based on real behaviors rather than just compliance. It provides a more accurate view of performance by engaging internal and external stakeholders.
The document discusses various ethical challenges that may arise within different functional departments of an organization. It defines organizational ethics and culture, and explains how ethics must be considered in key functions like research and development, manufacturing, marketing, sales, customer service, and human resources. It notes that human resources should be at the center of any corporate code of ethics due to its role in hiring, managing, and developing employees. The document also provides examples of potential ethical issues that could occur in each department.
Workplace integrity- Aurelkys Estevez. -Human Capital StrategiesAurelkys Estevez, MS
ย
This document discusses promoting integrity in the workplace. It begins with an agenda that includes defining integrity, discussing unethical workplace behavior, and ways to promote integrity. Integrity is defined as prioritizing moral considerations over self-interest. Unethical behaviors include rationalization, peer pressure, and disregarding company policy. The document recommends promoting integrity through policies, understanding impacts, satisfying personal values, and following laws. It suggests strong ethical leadership, effective codes of conduct, and rewarding ethical behavior. An activity proposes creating a rewards program to address issues like bribery and misuse of funds at a company. The document emphasizes the importance of integrity and consequences of lacking it, and concludes that integrity means aligning actions with words.
Awara Group provides corporate culture audits to help clients identify weaknesses and develop plans to upgrade their culture. They take a holistic view of the business, examining organizational structure, processes, policies and behaviors. The audit identifies issues across key areas like strategy, communications and HR. After discussing findings, Awara helps shape a change strategy engaging employees. To succeed, companies need a clear vision and strategy, communicated throughout the organization.
This document discusses business ethics and provides guidance on establishing an ethical work environment. It defines ethics and explains why business ethics are important. It also outlines key features of an effective compliance and ethics program, the role of a corporate ethics officer, how management can influence employee behavior, and a seven step process for ethical decision making. Finally, it includes a ten item checklist for managers to establish an ethical work environment in their organization.
This document discusses ethics in accounting. It begins by listing characteristics of professionals, such as effective communication and exhibiting ethical behavior. It then defines ethics and discusses various models of ethical decision making. It explains ethics codes from accounting organizations like principles of honesty, objectivity, and integrity. The document discusses the importance of ethics in accounting to prevent fraud and losses. It suggests implementing effective ethical controls like a code of conduct and internal control systems to investigate motives for unethical practices and ensure accurate record keeping.
The document discusses Deloitte, one of the largest professional services networks worldwide. It provides audit, tax, consulting and other services to over 244,000 professionals globally. The document then defines a code of conduct as a set of rules that guide an organization's decisions and operations in a way that benefits stakeholders and respects rights. It lists example elements of codes of conduct such as honesty, integrity, competence and accountability. The document notes that lack of personal integrity and job dissatisfaction are the most common reasons cited for unethical decisions in the workplace. It provides recommendations for effective code development, implementation and content.
Team c; w5; tecck industries; 07.12.11 Copyright 2013 Edward F. T. Charfauros...Edward F. T. Charfauros
ย
This document provides an overview of TECCK Industries' ethical policies and procedures. It outlines their mission to provide clean solar energy to meet global energy needs. It discusses issues organizations face and their legal and ethical obligations. The document details TECCK's code of ethics, training programs, monitoring, enforcement policies and references to support an ethical approach to business, including when conducting business internationally.
Corporate ethics refers to principles of integrity, fairness and ethical behavior in business. An ethical company considers stakeholders like employees, customers, community and the environment. While generating profits, companies must establish frameworks for acceptable behavior and high ethical standards. Everyone in a company is responsible for upholding ethics. However, some business executives prioritize short-term gains over integrity, and unethical behavior is sometimes rewarded while refusing it carries penalties. Companies need to manage ethics carefully to maximize ethical assets, prevent wrongdoing and build trust.
Sinaii Business Consulting partners with organizations to develop solutions addressing people, process, and technology challenges. They have expertise in a wide range of business issues and provide customized solutions involving management systems, HR, IT, and quality consulting to optimize business functions and operational excellence. Their approach involves assessing current systems, defining processes aligned with business objectives, implementation, evaluation, and achieving process maturity.
This document provides an overview of assurance services offered by Neusource, including variants like financial audits, HR audits, inventory audits, and more. It discusses Neusource's approach of direct expert involvement, thorough execution focused on correction and prevention, and consulting, audit, and training services. The execution process is outlined in 5 steps from understanding client needs to presenting findings. Neusource aims to add value through developing system manuals, documentation, training, and standard operating procedures.
Ob Hrd Performance Mgment And Councling Pratik Negipratik negi
ย
This document provides an overview of a presentation on performance management and counseling. It discusses what performance management and counseling are, why they are important, and how they can be implemented. It also discusses the benefits of performance management, the steps involved, and provides an example of how counseling can be incorporated into performance management. Finally, it discusses assessment centers and 360-degree feedback as tools for performance management and their validity, reliability, and impact.
Ob Hrd Performance Mgment And Councling Pratik Negipratik negi
ย
This document provides an overview of a presentation on performance management and counseling. It discusses what performance management and counseling are, why they are important, and how they can be implemented. It also discusses the benefits of performance management, the steps involved in performance management, assessment centers, 360-degree feedback, and the purpose of studying the relationship between past performance assessed by 360-degree feedback and future potential assessed by assessment centers.
Sarvagnya is a strategic HR and OD consulting firm founded on 20 years of global experience. It provides services such as change management, competency modeling, learning and development, business process engineering, HR policies/processes, and performance management. The firm uses proprietary tools and a scientific approach to address organizational challenges. It has experience across multiple industries and geographies. The management team is led by Sri Harsha, who has over 20 years of experience in strategic HR and business consulting.
Corporate governance relates to the processes, policies and people involved in directing and controlling a company. It involves structuring a company to achieve long-term goals and satisfy stakeholders while complying with legal and regulatory requirements. Good corporate governance leads to improved performance, transparency, communication and decision making based on data, which reduces risk. It helps create a positive brand and treats all stakeholders fairly.
This document outlines an integration plan to assess an organization's structure, competencies, and processes. It involves:
1) Conducting an assessment of the organization, roles/responsibilities, communication relationships, and systems/processes.
2) Identifying strengths, weaknesses, opportunities, and threats through interviews, benchmarking, and analyzing customer requirements.
3) Developing action plans to address gaps, including reviewing competencies needed and ensuring functions are best-in-class.
The goal is to identify improvements to make sales, marketing, supply chain, and other functions work more effectively together.
This document discusses elements of organizational behavior systems and models, including:
- The philosophy, values, vision, mission, and goals that make up an organization's behavior model
- Key elements like the formal/informal organization, leadership, culture, and motivation
- Common management philosophies like autocratic, custodial, supportive, and collegial
- The importance of establishing a clear vision and mission, and setting goals to achieve the vision
- Examples of visions, missions, and values from organizations like TESDA, BSU, and ABS-CBN
Similar to Ethics and Integrity by Tommy Seah- A Value Added Audit on Environment (20)
It will happen when you least expect it. There will always be allegation of fraud and
employee misdemeanour. This is a perennial truth. The question that needs to be addressed
is how do we go about managing such allegations.
In recent years, a variety of laws and regulations have emerged in Singapore and Malaysia,
providing organizations with an array of criteria to incorporate into their antifraud
efforts. But for all practical purpose there is no law on managing fraud allegation.
In the wake of high-profile corporate scandals as well as new regulations worldwide,
many business leaders are increasingly aware of the need to create company-specific
antifraud measures to address internal corporate fraud and employee misconduct.
While acknowledging that no single approach to fraud risk management can fit every
organizations needs, this seminar focus on key practices that organizations have
generally found to be effective when tailoring a company-specific fraud allegation
investigation program and offers a strategic approach to aligning corporate values
with employees performance.
The Federal Bureau of Investigation, financial institutions and merchants are always on
the lookout for scam artists. One of the most common and unregulated industry where
fraud is most prevalent and perpetrated on a daily basis is in the area of Management
Consultancy. Almost every unemployed and unemployable individual calls themselves
Management CONsultants.
The technique to know whether you have been a victim is to examine the deliverables.
Look at the concepts closely. If they cannot even get the fundamentals right, you know
that it is REALLY a CONsultancy firm.
ProEdge Global Sdn. Bhd.
Suite: 33-01, 33rd Floor,
Menara Keck Seng,
203 Jalan Bukit Bintang,
55100 Kuala Lumpur, Malaysia.
Tel : +603-2116 5671
HP : +6016-338 9783
kenneth@proedgeglobal.com
Financial Statement Fraud training by Tommy SEAHTommy Seah
ย
This document advertises and provides details about a 2-day workshop on detecting and preventing financial statement fraud hosted by ProEdge Global.
The workshop aims to provide an overview of different types of financial fraud, with a focus on financial statement fraud. Attendees will learn practical techniques to combat financial statement fraud from an expert in the field.
The workshop is intended for corporate leaders, financial professionals, accountants, and auditors who want to improve their ability to detect, respond to, and prevent financial statement fraud.
The way to understand anything
in life is to first understand the
fundamental concept that is
involve. For a subject like
โEffective Cash Managementโ,
the first thing to understand is
the difference between liquidity
and stupidity. Cash flow is the
lifeblood of a company and is
fundamental to its very existence.
Finance professionals must
understand how their decisions on
investment, operations and
financing lead to specific cash flow
moverments within the business
system. Part of the managerโs job
is to maintain an appropriate
balance between inflows and
outflows of cash. Unfortunately, an
intricate understanding of how
cash flows within company eludes
most business personnel.
How will this EFRM course benefit you?
After completion you will be able to:
โข identify risks which could result in fraud
โข provide recommendations to executive / senior management in managing fraud risk
โข identify warning signs of fraud in operational audits
โข develop Fraud ICQ to look at fraud issues
Dear Delegates,
Corporate fraud costs businesses hundreds of millions of dollars each year. It affects livelihoods and is a common
cause of corporate failure. It is the responsibility of the board of directors to prevent fraud by putting in places the
appropriate controls and review procedures. This program shows you why Accounting Information System (AIS)
Threats are ever increasing. Control risks have also increased in the last few years because there are computers
and servers everywhere, and information is available to an unprecedented number of workers. Distributed
computer networks make data available to many users, and these networks are harder to control than centralized
mainframe systems. With the introduction of 3 levels of COSO and value driven ERM, things should be under
control. Recent events at SATYAM proves that in reality things are getting out of control. So, what went wrong ?
Is it time to train the auditors ?
Recognising the challenges that organisations are facing in combating Fraud, CSI In Practice is pleased to present
this 2-days Workshop on Enterprise Fraud Risk Management. This will serve as an excellent opportunity to learn how
best to conduct an internal investigation to protect your organization and step up on controls to deter fraud.
The Structural Approach to
Investigating Financial Statement
Fraud is the specialty practice
area of examiners that describes
engagements that result from
actual or anticipated disputes or
litigation. In litigation, 'Forensic'
means suitable for use in Court,
and it is to that standard and
potential outcome that fraud
examiners generally have to work.
Certified System Investigators
(CSI), Fraud Examiners (CFE) and
Forensic accountants (CPA) often
have to give expert evidence at the
eventual trial. All of the larger
accounting firms, as well as many
medium-sized and boutique firms,
have specialist forensic
accounting departments. Within
these groups, there may be further
sub-specializations: some forensic
accountants may, for example, just
specialize in insurance claims,
personal injury claims, fraud,
construction, or royalty audits.
This is where the distinction lies:
While Accounting firms do only
โForensic Accountingโ CSIs and
CFEs perform Investigations in
Financial Statement Fraud. This is
not the same thing โ one is post
event, the other one is
pre-emptive.
Engagements relating to criminal
matters typically arise in the
aftermath of fraud. They frequently
involve the assessment of
accounting systems and accounts
presentation - in essence
assessing if the numbers reflect
reality. The CSI and CFE
determines whether there has
been any audit failure on the part
of the Accounting firm. This
seminar will train participants to
change from a justification mindset
to a pre-emptive mindset. It will
help them develop the capability to
render a service that can answer
the following questions, โWhat
have gone wrong? Could it have
been prevented in the first place?
Who is responsible for the mess?
The general idea is essentially to
prevent financial statement frauds
and when it does occur, how to
contain the damage and recognize
who is responsible for what in the
whole scheme of things.
Encouraging a whistle-blowing culture
as a way of upholding the highest
ethical behaviour
n set up the framework for protective
channels of reporting
n Overcoming hindering cultural issues of
whistle-blowing
sTAnLEy CHIA, manaGinG Director
CFe INTeRNaTIONaL CONSULTaNCY GROUP
(MEMBER Of THE CfE-In-PRACTICE GROuP Of COMPAnIEs)
The document discusses developing a fraud risk management program for an organization. It states that fraud risk management can be handled internally or outsourced, and is affected by factors like company size and culture. Any fraud prevention model should aim to prevent, deter, disrupt, identify and prosecute fraud. The document then lists steps to develop an effective fraud risk management program, such as having fraud prevention as part of the overall risk strategy, establishing policies and controls, training employees, and having whistleblower and reporting systems.
Traditionally, the practice of risk management comprises acceptance, transfer...Tommy Seah
ย
Traditionally, the practice of risk management comprises acceptance, transference, elimination, control, sharing, insurance and avoidance of a diverse array of risks. Risk management and internal control business models have subsequently been devised which cater for all eventualities - categorised by terms such as business, operational and reputational risk.
The document outlines an agenda for a training on audit documentation, tools, and techniques for internal auditors. It includes introductory lectures, product and case study presentations, exercises, and breaks. It also discusses the internal auditor's role, the audit process, internal controls, documenting controls, risks, and system documentation methods like flowcharts and questionnaires.
CSI 2009 Conference Brochure after early bird discountTommy Seah
ย
This document provides information about the CSI World Headquarters 2009 Annual Investigation, Fraud, Systemic Risk Management Conference taking place on May 26-27, 2009 in Kuala Lumpur, Malaysia. The conference objectives are to provide tools and techniques to assist professionals in understanding systemic risk challenges and to feature four unique tracks catering to different experience levels. The detailed two-day agenda outlines sessions on topics such as managing reputational risk, fraud risk assessment, investigative profiling, forensic techniques, IT security, and digital forensics. Masterclasses on financial analysis and other subjects will also be offered after the conference.
This document outlines a risk-based audit coaching program led by Tommy Seah. The coaching will help participants understand risk identification, evaluation of internal controls, and audit techniques. It will cover the roles of internal auditors and compliance officers, the audit process, and components of internal control. The coaching uses interactive lectures, discussions, and case studies to facilitate learning. Tommy Seah is an experienced auditor and author who provides in-demand technical training to banks in Asia and Europe on topics like anti-money laundering, operational risk management, and Basel II.
TOMMY SEAH speaks on his perspective of FRAUD in CHINATommy Seah
ย
1) The article discusses fraud that is occurring increasingly in China, especially as foreign companies establish supply chains and operations there. It provides three case studies of fraud that was uncovered.
2) The first case involved a country manager for a European machinery company who was embezzling money through shell companies and taking kickbacks from dealers. It took a detailed private investigation to uncover the full extent of his schemes.
3) The other two cases also involved employees who were diverting business for personal gain to companies they had ownership stakes in, as well as cronyism and embezzlement within a joint venture.
This document provides information about the CSI World Headquarters 2009 Annual Investigation, Fraud, Systemic Risk Management Conference taking place on May 26-27, 2009 in Kuala Lumpur, Malaysia. The conference objectives are to provide tools and techniques to assist professionals in understanding systemic risk challenges and to feature four unique tracks catering to different experience levels. The detailed two-day agenda outlines sessions on topics such as managing reputational risk, fraud risk assessment, investigative profiling, forensic techniques, IT security, and digital forensics. Masterclasses on financial analysis and other subjects will also be offered after the conference.
The document discusses organizing a 1-day course on understanding and developing a fraud risk management program for organizations. The course aims to help participants understand the business case for managing fraud risk, develop a COSO-consistent fraud risk management program, and evaluate existing fraud risk management programs. The course will cover topics like defining fraud risk, roles and responsibilities in fraud risk management, coordinating governance, risk management and compliance to prevent fraud, assessing fraud risk, and monitoring fraud risk management. It will be jointly organized and feature two trainers with experience in fraud examination, digital forensics certification, and financial crime consulting.
This document advertises a two-day workshop on practical techniques for combating corporate fraud. The workshop will provide hands-on training on conducting internal fraud investigations, detecting "red flags", applying forensic accounting skills, and structuring business processes to minimize fraud risk. It will be led by Tommy Seah, an experienced fraud examiner and author. The workshop outlines describe sessions on understanding why and how people commit fraud, approaches to fraud prevention, detection and investigation, and developing audit tests to uncover hard-to-spot fraud practices. The workshop aims to equip attendees with practical skills and knowledge for minimizing the risks and impacts of fraud.
Tommy Seah speaks on CORRUPTION and FRAUD PREVENTION in MalaysiaTommy Seah
ย
The document discusses managing internal investigations and corruption. It covers the differences between internal audit and forensic audit approaches, as well as the skill set requirements for internal investigations. It also discusses how to build competencies for internal investigations, the costs of fraud to organizations, and how to apply investigative methodologies while avoiding legal issues.
The document provides information about CFE-In-Practice, a company that offers fraud examination and consulting services. It discusses CFE-In-Practice's mission and philosophy, which is to provide efficient and insightful financial training, consulting, and fraud prevention services using experienced professionals. The document also provides an overview of the services offered, including corporate fraud investigation, management consulting, training and professional coaching. It includes a profile of Tommy Seah, a Certified Fraud Examiner and leader at CFE-In-Practice.
Temple of Asclepius in Thrace. Excavation resultsKrassimira Luka
ย
The temple and the sanctuary around were dedicated to Asklepios Zmidrenus. This name has been known since 1875 when an inscription dedicated to him was discovered in Rome. The inscription is dated in 227 AD and was left by soldiers originating from the city of Philippopolis (modern Plovdiv).
Philippine Edukasyong Pantahanan at Pangkabuhayan (EPP) CurriculumMJDuyan
ย
(๐๐๐ ๐๐๐) (๐๐๐ฌ๐ฌ๐จ๐ง ๐)-๐๐ซ๐๐ฅ๐ข๐ฆ๐ฌ
๐๐ข๐ฌ๐๐ฎ๐ฌ๐ฌ ๐ญ๐ก๐ ๐๐๐ ๐๐ฎ๐ซ๐ซ๐ข๐๐ฎ๐ฅ๐ฎ๐ฆ ๐ข๐ง ๐ญ๐ก๐ ๐๐ก๐ข๐ฅ๐ข๐ฉ๐ฉ๐ข๐ง๐๐ฌ:
- Understand the goals and objectives of the Edukasyong Pantahanan at Pangkabuhayan (EPP) curriculum, recognizing its importance in fostering practical life skills and values among students. Students will also be able to identify the key components and subjects covered, such as agriculture, home economics, industrial arts, and information and communication technology.
๐๐ฑ๐ฉ๐ฅ๐๐ข๐ง ๐ญ๐ก๐ ๐๐๐ญ๐ฎ๐ซ๐ ๐๐ง๐ ๐๐๐จ๐ฉ๐ ๐จ๐ ๐๐ง ๐๐ง๐ญ๐ซ๐๐ฉ๐ซ๐๐ง๐๐ฎ๐ซ:
-Define entrepreneurship, distinguishing it from general business activities by emphasizing its focus on innovation, risk-taking, and value creation. Students will describe the characteristics and traits of successful entrepreneurs, including their roles and responsibilities, and discuss the broader economic and social impacts of entrepreneurial activities on both local and global scales.
THE SACRIFICE HOW PRO-PALESTINE PROTESTS STUDENTS ARE SACRIFICING TO CHANGE T...indexPub
ย
The recent surge in pro-Palestine student activism has prompted significant responses from universities, ranging from negotiations and divestment commitments to increased transparency about investments in companies supporting the war on Gaza. This activism has led to the cessation of student encampments but also highlighted the substantial sacrifices made by students, including academic disruptions and personal risks. The primary drivers of these protests are poor university administration, lack of transparency, and inadequate communication between officials and students. This study examines the profound emotional, psychological, and professional impacts on students engaged in pro-Palestine protests, focusing on Generation Z's (Gen-Z) activism dynamics. This paper explores the significant sacrifices made by these students and even the professors supporting the pro-Palestine movement, with a focus on recent global movements. Through an in-depth analysis of printed and electronic media, the study examines the impacts of these sacrifices on the academic and personal lives of those involved. The paper highlights examples from various universities, demonstrating student activism's long-term and short-term effects, including disciplinary actions, social backlash, and career implications. The researchers also explore the broader implications of student sacrifices. The findings reveal that these sacrifices are driven by a profound commitment to justice and human rights, and are influenced by the increasing availability of information, peer interactions, and personal convictions. The study also discusses the broader implications of this activism, comparing it to historical precedents and assessing its potential to influence policy and public opinion. The emotional and psychological toll on student activists is significant, but their sense of purpose and community support mitigates some of these challenges. However, the researchers call for acknowledging the broader Impact of these sacrifices on the future global movement of FreePalestine.
Gender and Mental Health - Counselling and Family Therapy Applications and In...PsychoTech Services
ย
A proprietary approach developed by bringing together the best of learning theories from Psychology, design principles from the world of visualization, and pedagogical methods from over a decade of training experience, that enables you to: Learn better, faster!
How to Setup Default Value for a Field in Odoo 17Celine George
ย
In Odoo, we can set a default value for a field during the creation of a record for a model. We have many methods in odoo for setting a default value to the field.
A Free 200-Page eBook ~ Brain and Mind Exercise.pptxOH TEIK BIN
ย
(A Free eBook comprising 3 Sets of Presentation of a selection of Puzzles, Brain Teasers and Thinking Problems to exercise both the mind and the Right and Left Brain. To help keep the mind and brain fit and healthy. Good for both the young and old alike.
Answers are given for all the puzzles and problems.)
With Metta,
Bro. Oh Teik Bin ๐๐ค๐ค๐ฅฐ
This document provides an overview of wound healing, its functions, stages, mechanisms, factors affecting it, and complications.
A wound is a break in the integrity of the skin or tissues, which may be associated with disruption of the structure and function.
Healing is the bodyโs response to injury in an attempt to restore normal structure and functions.
Healing can occur in two ways: Regeneration and Repair
There are 4 phases of wound healing: hemostasis, inflammation, proliferation, and remodeling. This document also describes the mechanism of wound healing. Factors that affect healing include infection, uncontrolled diabetes, poor nutrition, age, anemia, the presence of foreign bodies, etc.
Complications of wound healing like infection, hyperpigmentation of scar, contractures, and keloid formation.
Ethics and Integrity by Tommy Seah- A Value Added Audit on Environment
1. A Value-Added Audit
On ETHICS and AUDITORS DUTIES
(Assessing Organizational and Individual Ethics)
By
Tommy Seah
World Class trainer for practicing auditors
13th Aug 2009, Hotel Rendezvous, Singapore
BACKGROUND
BACKGROUND
The continuing influence and impact which personal and professional ethics exerts upon
individuals, organizations and society, and the factors which influence organizational ethics,
has been thrust into the headlines of the populous. The ethical issues faced daily by
organizations and their employees are neither always straightforward nor easy to resolve.
Results of unethical behavior by accounting/audit professionals, and the impact of ethics upon
organizations, is a topic of growing concern in corporate board rooms around the world. This
one day seminar will examine the timely and important topic of ethics and its relevance and
importance to overall corporate wellbeing. In particular, what factors influence the likelihood
that an individual will act ethically or less than ethical, and what this means to management,
the organization, and internal controls in general. It also examines the question, if the
auditors are doing all that they are suppose to do, in the manner that they are suppose to do
it, why does fraud still occurs?
OBJECTIVES
OBJECTIVES
After completing this seminar, participants will be able to:
Understand SEATA and understand the interrelated nature of organizational functions and
components as they relate to establishing an ethically compliant organization
Identify the role of organizational values in driving strategic goals and objectives
Discover the role that personal values play in driving individual employee choices and
decisions
Develop an ethics assessment tool designed to evaluate an organization's compliance to
stated ethics policies
Pinpoint the underlying causes of patterns of unethical and/or undesired employee behavior
Reduce the incidence of employee conflict between the intended change and their personal
ethical standards and expectations
Increase employee commitment to organizational goals and objectives
Jointly Organized by Endorsed by
CFE International
Certified System Investigator
CFE Strategic
Consultancy Group
CSI World Headquarters, Singapore
Alliances
Private Limited
(CSI CPE Credits: 8)
2. A Value-Added Audit
On ETHICS and AUDITORS DUTIES
(Assessing Organizational and Individual Ethics)
COURSE OUTLINE WHO SHOULD ATTEND
COURSE OUTLINE WHO SHOULD ATTEND
What is Ethics? Internal & External Auditors
Ethical Issues Facing Employees General Counsels
Ethics vs. Morality
Chief Information Officers
Business Ethics: The Key Issues
Chief Security Officers
What is Fraud?
Controllers
Examining Judgment
The Many Forms of Unethical Chief Privacy Officers
Behavior
Corporate Ethic Officers
A Framework for Judgment
Human Relations professionals
General Ethic Questions all
Professionals Should Ask Anyone charged with designing or
implementing processes aimed at
Ethical model for Decision Making
creating organizational change
Why do people behave unethically
Any individual who wishes to learn
Questioning Professional
how to assess ethical practices (or
Responsibility & Ethical Conduct
shortcomings) within workplace
Establishing Ethics Policies
environments.
Ethics Auditing
Individuals responsible for
Internal Danger Signs of
assessing their organization's
Organizations at Ethical Risk
values, ethic programs, training,
Ethical Hazards Related to
policies and procedures or have an
Groupthink
impact on their organization's
The Temptation Triangle
expectations or standards for
Can Ethics Be Taught? ethical employee behavior.
Ethics in Practice Anyone who needs to understand
the impact that ethical business
What is SEATA?
practices have on organizational
How can you know whether the behavior, culture, and business
auditors are auditing or โauditioningโ? practices
Is SEATA the tool for times like
these?
3. A Value-Added Audit
On ETHICS and AUDITORS DUTIES
(Assessing Organizational and Individual Ethics)
A CLOSER LOOK AT...
A CLOSER L
An important fact of reengineering, downsizing, rightsizing, or other major
organizational change is that groups that are not perceived as providing value will be
reduced or eliminated. That may even include the audit or quality assurance group! In
order to survive, all groups must demonstrate added value to their customers. Value
Added Auditing is one method that ensures a higher level and perception of value to
the auditing customers, line management. This is what we do best!
Our audit process is a matrix of services, integrating technical expertise and practical
business advice into a powerful analytical tool. By developing the story behind your
numbers, we are able to understand your business drivers and assess their present
and future impact.
Conducted in compliance with the highest standards, we are able to deliver an audit
that is much more than a report card. Once we have completed the fieldwork, we will
arrange a โClosing Meetingโ to provide advice and recommendations which may
improve your companyโs efficiency and profitability.
What differentiates our audit
Effective process is the creative, on-going
Internal
Industry interaction between clients and
Control
Expertise our experienced audit team. The
most important thing to
AUDIT remember is that you will be
using Certified Fraud Examiners
Enhanced
Seamless
and or Certified System
Business
Transition
Process Investigator for this purpose.
Improved Backed by industry knowledge
Profits and expertise, our team will
tailor procedures to identify your
specific concerns and issues. By addressing those areas, we will provide you with the
best value through a risk-based approach, which concentrates on where the greatest
risk of material misstatement could occur.
If youโd like to find out more, contact at or e-mail
4. A Value-Added Audit
On ETHICS and AUDITORS DUTIES
(Assessing Organizational and Individual Ethics)
SPEAKER
SPEAKER
Tommy Seah
Tommy Seah
Tommy is someone that you would like to meet and to know. Straight
talking, sincere, kind, helpful and without pretences, he is truly a man of
strong conviction and blessed with many practical talents. First and
foremost, he is a World Class hands-on accountant He has worked as an
Accountant and Auditor for some of the largest companies in the world. He
is a tried and tested accountant with a very firm grip on financial products.
He 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.
CFE is a very well recognized post graduate professional qualification by
The World Bank, The Asian Development Bank, the USA Central Intelligence Agency in itโs recruitment
of auditors for combating fraud and the FBI for combating Financial Crimes. His 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.
To this very day, he holds the top honor and the highest possible position of being the one and only
Regent Emeritus form the Asia Pacific Rim. For that very reason and all the fraud cases he has
undertaken, he is very often refereed to as โThe No. 1 Fraud Buster in Asiaโ.
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.
Tommy Seah is the author of seven banking books including the F.I.G. Program. The FIG is the
authoritative and definitive text on Financial Instruments designed to be used in the world wide banking
industry. This publication has received excellent review and first class commendation from some of the
most authoritative professional certification body and top rated banks in the world. In addition to being
a Fellow Member of two internationally recognized prestigious leading UK Accountancy body and an
Associate of The Australian National Institute of Accountants, Tommy holds professional graduate
diplomas from two Banking Institutes including the prestigious Chartered Institute of Bankers (UK).
Besides being a qualified fellow 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), previously known as EDP Auditors Association. (USA).
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.
He is one of those people that you would like to meet in person, if for no other reason, than to find out
for yourself, that notwithstanding his unenviable profession, why is he so immensely popular and such
a social magnet everywhere he goes.
http://www.cfe-icg.com Integrity Accuracy Objectivity
5. REGISTRATION FORM
A Value-Added Audit
On ETHICS and AUDITORS DUTIES
(Assessing Organizational and Individual Ethics)
13th August 2009, Hotel Rendezvous, Singapore
Course Fees: SGD 650
PAYMENT METHODS
Category Discount
By Cheque:
Early Bird ** 5%
Please cross cheque made payable
Corporate (3 or more pax) 5% to CFE International Consultancy Group Pte Ltd
and mail your payment together with this
ACSI (Associate) 10%
registration form to the company address
CSI (Certified) 15% stated below in the โHow to Registerโ box below.
Telegraphic Transfer:
* Does not include hotel accommodation.
** Early Bird Discount ends 10th July 2009. โข Singapore & Other Delegatesโ
The Hongkong and Shanghai Banking Corporation Ltd
PARTICIPANT DETAILS
Account No. : 147-619399-001
NAME: Dr/ Mr/ Mrs/ Ms Account Name : CFE International Consultancy Group
Pte Ltd
Swift Code : HSBCSGSG
COMPANY DESIGNATION:
HOW TO REGISTER
COMPANY NAME: ONLINE : www.cfe-icg.com
EMAIL : registration@cfe-icg.com
TEL : (+65) 6222 9860
COMPANY ADDRESS:
FAX : (+65) 6222 9865
POST TO : CFE International Consultancy Group
Pte Ltd
PARTICIPANTโS EMAIL:
6 Eu Tong Sen Street
#05-13, The Central
Singapore 059817
TEL NO. :
SUSPECT A FRAUD?
FAX NO. :
Call Certified Fraud Examiner at +65 6222 9860
or email fraudbuster@cfe-icg.com
CONTACT PERSONโS NAME:
CFE International
I have read and understood the booking terms &
conditions
Consultancy Group
Private Limited
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 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.