The subject matter is “Why has ERM not delivered?”. After spending millions on ERM and employing tens of thousands of risk professionals, why has ERM not delivered? Despite the uptake of risk management by enterprises, and the religious application of COSO, COBIT by the Internal and “external” auditors and other risk management professionals, no-one seems to have seen the fraud in credit crunch coming or been ready for it. In fact, until recently some Central Bank Officials in Asia publicly applaud the development of CDOs and other Credit Derivatives. So, why has ERM not delivered? In fact, is ERM adding any value? Events that transpired suggests that unless and until ERM is undertaken with a truly future focus on FRAUD RISK ASSESSMENT and becomes part of the strategic planning process, organizations will fail to recognize their key risks and so gain little more than traditional operational risk methodologies can deliver. Learn how Fraud Risk Assessment by the Professionals and risk methodologies can be combined to identify the risks that really matter and add value to the strategic planning process and aid business decision. Mr. Stanley Chia, our Honorary Vice Chairperson, will share his insight on Fraud Risk Assessment In Bangkok on the 21st and 22nd of July 2009

1. ERM, FRAUD AND AUDIT
21st and 22nd July 2009
A CSI CPE
Is it time to train the auditors ?
recognized
program
Audit Strategies for Corporate fraud costs businesses hundreds of millions of dollars
each year. It affects livelihoods and is a common cause of
Detecting Corporate
corporate failure. It is the responsibility of the board of directors to
Fraud
prevent fraud by putting in places the appropriate controls and
● Using personal profiling to detect
review procedures. This program shows you why Accounting
computer fraud
Information System (AIS) Threats are ever increasing.
Control risks have also increased in the last few years because
y
Where fraud can occur
Wh f d there are computers and servers everywhere, and information is
● Identifying threats, types of available to an unprecedented number of workers.
fraud. 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
Skill sets for detecting AIS
value driven ERM, things should be under control. Recent events at
threats (Financial SATYAM proves that in reality things are getting out of control. So,
Statement Fraud) what went wrong ? Is it time to train the auditors ?
Fundamentals of Data Theft
● Surveillance The many GOOD reasons to attend this workshop
● SATYAM
High Profile Fraud ● National Kidney Foundation
● How can it happen? ● Enron
● WorldCom
Digital Evidence to deter ● Lehman Brothers
Fraud ● Adelphi
● An introduction to the Digital
● Transmile
Forensic Concepts
● Sanlu (Tainted Milk Company)
Tommy is someone that you would like to meet and to know. Straight talking, sincere,
kind, h l f l d ith t t
ki d helpful and without pretences, he is truly a man of strong conviction and blessed
hitl ft i ti d bl d
with many practical talents. First and foremost, he is a World Class hands-on accountant
He has worked as an Accountant for some of the largest companies in the world. He is a
tried and tested accountant with a very firm grip on financial products. Because of his
grip on the subject matter, his services in providing technical training is much sought
after by numerous banks in the region, including Germany, Singapore, Malaysia, China,
Indonesia, Philippines and Taiwan. Tommy's other professional achievements would
have been the objects of envy for many of his peers. Some of the better known fact is
that he is the only Singaporean that sits on the ACFE Board of Regents in Texas USA
Texas, USA.
In the year 2006, his strategic management skills were put to the test and his
contribution was duly acknowledged when he was elected the ACFE Board of Regents,
Vice-Chairman. Based in Austin, Texas, ACFE is the best recognised and largest Fraud
Examination Body in the world. While in Singapore, he also help founded the CSI World
Headquarters, a Digital Forensics Certification body. To this day, he is the Chairperson
Tommy Seah, Certified Fraud Examiner Emeritus for the CSI World Headquarters. His previous work experience includes
World Class Financial Management
systems based auditing in an American International Bank, where he was the Senior
Expert
Regional Auditor responsible for the Bank s audit in the Asia Pacific region. He has also
Bank's region
Double Firsts in Financial Management
held the top executive position of Chief of Internal Audit in a prime offshore bank where
and Accountancy (U.K.)
Chartered Banker, International his audit duties cover the Singapore and Hong Kong operations of the bank. He covers
Accountant, FCPA (USA), CSOXP
all areas of the bank's audit of operations and IT systems. He also has hands-on
Member of Advisory Board to SOX
practical consulting work experience in many different global AAA financial institutions.
Institute (N.Y.)
Copyright © 2008 CFE-In-Practice

2. ERM, FRAUD AND AUDIT
21st and 22nd July 2009
Is it time to train the auditors ?
Principal Trainer
Stanley Chia
Certified Fraud Examiner (CFE) with the Association of Certified Fraud Examiners (ACFE) – www acfe com
www.acfe.com
Certified Member (CAMS) with Association of Certified Anti-Money Laundering Specialists (ACAMS) –
www.acams.org
Certified System Investigator (CSI) with the CSI World Headquarters – www.csi-worldhq.org
Member of Australasian Compliance Institute (ACI) – www.compliance.org.au
Member of GRC Group New York – www.grcg.com
Stanley is both the Director & Principal Consultant of CFE Strategic Alliances, the training arm of CFE-In-
Practice group of companies and also the Managing Director of CFE International Consulting Group Pte
Ltd, a think-tank company that provides multi-consultancy solutions to companies world-wide. He
specializes in fraud investigation, investigative interviewing & profiling techniques and has handled
numerous cases for both local and foreign financial institutions.
Stanley is also the current Honorary Vice Chairperson of CSI World Headquarters, an international
accreditation body for Digital Forensic. Stanley has worked for large financial institutions like AIA
Insurance, Singapore Exchange and United Overseas Bank where he was involved in anti-money
, gp g y
laundering, compliance, enforcement and fraud investigation work. To date, he has investigated more
than 100 fraud and compliance-related cases and some of them involved over US$1M.
He is well versed in financial products knowledge, fraud examination techniques and compliance
methodologies. Stanley is often invited to speak at conferences and seminars in Singapore, Malaysia,
Hong Kong and Shanghai where he taught fraud investigation, investigative interviewing techniques
profiling techniques and internal control. He has also co-authored a series of pocket-sized guide books
for dit
f auditors published b CSI World H d
bli h d by W ld Headquarters. H i currently writing a b k on I t i i &
t He is tl iti book Interviewing
profiling techniques – ISBN 978-981-08-0599-9.
He also holds a Master of Commerce, specializing in Business Law from The University of New South
Wales. He obtained his Bachelor of Economics, majoring in Money & Banking and Accounting in 2001
from The University of Western Australia.
Copyright © 2008 CFE-In-Practice

3. Day One (21st July 2009)
ERM, Fraud and Audit
Prevention Is Better Than Cure
Day One
AS TODAY'S COMPANIES PLAN THEIR RISK
management strategies, the massive
09:00 Understanding Fraud Detection
bankruptcies and colossal shareholder losses of
• Principles of fraud
the last two years are undoubtedly on the minds
• Costs to the organization
of corporate stakeholders. Numerous risk-
• Ethical considerations
related issues have surfaced as a result of the
• Audit’s fraud responsibilities
• Skills successful fraud auditors need scandals at companies such as Enron and
WorldCom, leaving many shareholders,
10:00 Audit Strategies for Detecting Fraud
executives,
ti and
d boards
b d wondering
di what
ht
• How to incorporate fraud detection into
exposures their own organizations may face.
your audit program?
The current risk environment can best be
• Specific audit steps designed to detect
characterized by the oft-repeated dictum, quot;There
fraud
• Using ERM to identify fraud indicators are knowns, known unknowns, and unknown
unknowns.quot;
Morning Coffee Break
Within this climate of ever-increasing corporate
ever increasing
10.30
10 30
Where Fraud Can Occur in Your uncertainty, enterprise risk management (ERM)
11:00 Organization has emerged as a new paradigm for managing
• Traits of those who commit fraud risk. Instead of relying on a traditional, intra-
• Types of frauds: embezzlement, bribery,
departmental strategy, where each area of the
corruption, and fraudulent disbursements
organization manages its own risks, ERM adopts
Conducting Interviews within the a broader perspective that integrates and
12:00 Fraud Audit coordinates risk management across the entire
• Using Kinetics to spot deception: organization. This enterprise wide approach is
interpreting body language ultimately intended to enhance and protect
• Interviewing dos and don’ts
stakeholder value. ERM, however, does more
•Who should conduct the interview?
than just integrate risk management. According
Networking Lunch to Enterprise Risk Management Framework, a
12:45
12 45 new study being developed by The Committee of
Recap on morning session
Sponsoring Organizations of the Treadway
14:00
Conducting the Internal Investigation Commission, ERM is a process also designed to
14:15 • Gathering the right evidence for your case
quot;identify potential events that may affect the
• Avoiding some of the legal pitfalls
entity, and manage risk to be within its risk
Afternoon Coffee Break appetite, to provide reasonable assurance
15:00 regarding th achievement of entity objectives.quot;
di the hi tf tit bj ti quot;
Writing the Fraud Audit Report so It
Paralleling the rise of ERM, internal auditing has
15:30 Gets Read
also experienced a paradigm shift in recent
• Report content
• Ensuring the audit process leads to the years. Guided largely by The IIA's revised
audit report definition of the profession, internal auditing
• Areas to consider when writing the fraud has moved from a control-based approach to
finding
g one that focuses on risk management corporate
management,
governance, and adding value. quot;Please note that the
General Discussion & Question Session
teaching methodology is participative lectures and as
16:00
Day One Close
such inter-active in nature that will involves participation
17:00
from attendees. So, notwithstanding the proposed outline,
the program may not necessarily be conducted in exactly
the same sequence or duration for each topicquot;.

4. Day Two ( 22nd July 2009)
ERM, Fraud & Internal Audit
Diagnosis of your organization's ERM
Day Two
The U.S. Chamber of Commerce reports that $50 billion
09:00 Recap on Day 1
do s e os
dollars are lost annually due to e p oyee theft and fraud.
uy o employee e d ud.
09:30 Using ERM to determine Fraud-Related
Also reported by The U.S. Chamber of Commerce - that
Internal Controls 20% of all businesses fail due to internal theft and fraud.
• Building controls around the fraud scheme
• Fraud prevention controls in the According to an Ernst & Young Report, quot;White Collar
expenditure cycle Crime: Loss Prevention Through Internal Controlquot; a rule
of thumb says that a company loses 1% to 2% of its sales
• Selling the controls to management
to crime -- most committed by or in collusion with
y
• Fraud prevention theory
employees.
10:30
Morning Coffee Break
11:00 According to K.C. Bettencourt undercover investigator
ERM’s role in Financial Statement Fraud and author of quot;Theft & Drugs in the Workplacequot;, One in
three employees steal and it's rising 5% a year.
• Typical fraud schemes
Additionally, his studies showed that 20-25% of the work
• Balance and Income Statements
force will cheat when the stakes are high and supervision
• Using analytical review/ratio analysis to is low. Furthermore, about 10% will cheat no matter what.
identify f d i di
id if fraud indicators
The Wall Street Journal reported that up to 75% of all
11:55 What really is ERM employees steal at least once - half of these, at lease twice.
In employee surveys conducted by academics and other
The CAE'S Role as ERM Champion
specialists, as many as 43% of workers interviewed
admitted stealing from their employers.
Networking Lunch
12:30
FBI reports that employee theft is the fasting growing
Recap of Day 2 morning crime in the U.S.
14:00
High Profile Frauds
• What went wrong? WHY YOU SHOULD ATTEND?
The course is a unique opportunity for those
• Why auditors failed to detect the fraud?
learn improved methods associated with fraud
detection. It also showcases an interactive
How Internal Audit can leverage on ERM
14:10
approach towards the needs and issues
resources
pertaining to Fraud Management This workshop
Management.
Ownership of th ERM process
O hi f the
also enables you to enhance your capability in
15:15
Afternoon Tea Break addressing specific issues in a demanding higher
15:30
transparency and degree of corporate
Internal Audit partners ERM in providing
governance.
solution in Strengthening Corporate
Governance
WHO SHOULD ATTEND?
ERM - Is it worth the effort ● Fraud Investigators/Anti-Fraud Managers
● Legal & Compliance Managers
Core internal auditing roles in regard to
● Risk Management & Audit Managers
ERM.
● Internal Auditors
● Financial Controllers
Legitimate internal auditing roles with
● Company Secretaries
safeguards.
● CIO’s, CEO’s, COO’s
Day Close
D 2 Cl ● E-Banking, MIS Managers
● Procurement Managers
17:00
● IT Auditors

5. ERM, Fraud & Internal Audit
REGISTRATION FORM & SALES CONTRACT
Important Notice
Registration & Payment Payments are required with registration and must be received
2 Easy Ways to Register p o o e og
prior to the Program to gu
o guarantee you p ce. Walk-in
ee your place. W
delegates will only be admitted on the basis of space
availability at the Program and with immediate full payment.
You can return the Registration Form either via e-mail or
by fax.
Cancellations & Transfers
Email to: tommy@cfe-in-practice.com
If you are unable to attend, a substitute delegate is welcome at
Fax: (65) 6288 0181 no extra charge. Please provide the name and the title of the
g p
substitute delegate at least 2 days prior to the program. A
For enquires, please contact:
refund less 10% administrative charge will be made
cancellation received in writing 10 working days before the
tommy@cfe-in-practice.com
program date. A complete set of program documentation and
Tel: (65) 9106 9872 a 50% refund will be given for cancellation made 3 working
days before program date. Regrettably, no refund can be
In order to secure a place for the program, delegates are made for cancellation made on and or after program. A
kindly requested to register at least 4 weeks prior to complete set of documentation will however be sent to you.
program commencement.
The organizer reserves the right to make any amendments
Registration is only effected upon receipt of good funds and/or changes to the programme, venue, speaker
via T/T. Regretfully, telephone bookings cannot and will replacements and/or topics if warranted by circumstances
not be entertained or accepted. beyond its control.
Course Fees REGISTRATION FORM
Closing Date: 20 June 2009
Closing Date: 20 June 2009
You can return the registration form either via e-mail or by fax.
Mail to: tommy@cfe-in-practice.com
Course Fees: US$1669/- early bird before 20th May
Tel. (65) 91069872
Discounts are available for group bookings. Fax: (65) 62880181
Fees: US$2,269.00 per participant,
Registration after 20th May, pays US$2269/- per pax 2nd participant* pays 75%, subsequent participant* pays 50%
only.
l
Please call CFE-In-Practice Hotline for further details *Must be from the same bank attending the same program.
Telephone : 65 6222 9861 or 65 6222 9860 Name:
(Please note that accommodation and air-fare is not
Dr/Mr/Mrs/Ms
included in the course fees.)
All T/T payment must be remitted:
Designation in the bank:
DBS Bank, Shenton Way, Singapore
Contact Phone No.:
Current A/c No. 022-900202-8
Fax No.:
Account Name: CFE-IN-PRACTICE
Bank’s Email:
VENUE : It will be in Bangkok, Thailand
Bank s
Bank's Name:
All of our courses are held in 4 – 5 star hotels, chosen
for their location, facilities and level of service. You can
Bank Address:
be assured of a comfortable, convenient learning
environment throughout the duration of the course.
Due to the variation in delegate numbers, we will send
confirmation of the venue to you approximately 2
Signature of Participant:
weeks before the start of the course.