1. Internal Controls Masterclass
Detecting Systemic Weakness and Employing Investigative
Auditing for Effective Compliance
Thursday – Friday, 5 – 6 March 2009, 9.00am – 5.30pm
Royal Plaza on Scott, Singapore
Course overview
every year, it is a documented fact that businesses lose billions of dollars as a result of fraud. The Association Enjoy an early bird
of Certified Fraud examiners (ACFe) reports that fraud and abuse cost businesses in the US up to USD6 Discount
billion annually. when you register by
13 February
The severity of financial economic crime (FeC), highlighted by recent cases, such as enron, Worldcom, China
Aviation Oil, national Kidney Foundation, ACCS, China Food Holdings emphasize the need to prevent 2009!
and detect financial economic crime, and to ensure that effective remedial actions are implemented.
This comprehensive, interactive programme offers you an in-depth understanding of the fraud pandemic in
Asia Pacific and globally, the legal and financial elements of fraud, and a proven system to prevent, detect
and investigate potential fraud situations.
Who Should Attend
Day One | 5 March 2009 Day TWO | 6 March 2009
This program is aimed at
InTRODucTIOn TO InveSTIgaTIve MISaPPROPRIaTIOn OF aSSeTS persons whose prime
auDITIng anD InTeRnal cOnTROl Misappropriation of assets is the theft or misuse of interest is in the
assets and accounts for 80 percent of all occupational
• Understanding how the different approaches of prevention, detection and /
fraud. Understand theft of cash and popular ways that
or investigation of financial
internal audit and forensic audit differs from
fraudsters usually use to commit this crime
investigation
economic crimes from the
• Cost of fraud to your organisation
following designations:
SkIMMIng, caSh laRceny, anD OTheR
• The difference between internal fraud and external
aSSeTS
fraud • Finance, Operation and
• How to sell the investigative audit approach to • Skimming from the cash accounts and receivables IT Managers / Directors
senior management and board of directors • Larceny
• External Auditors
• How to build the core competencies for • Misuse of fixed assets
investigative auditing • Audit Managers
• Inventory schemes
• How to apply the investigative auditing
• Corporate Attorneys
methodology FIcTITIOuS DISbuRSeMenTS
• How to avoid liability by understanding the legal • Information Security
Understanding fictitious disbursement schemes:
issues involved in conducting an investigative audit professionals
• Intermediate payee schemes:
• Risk Management and
DeTecTIng SySTeMIc WeakneSS: - intercepted checks
Compliance personnel
The auDITORS’ FRauD ReSPOnSIbIlITIeS - kickbacks
• Fraud Investigators
- employee-owned businesses
Addressing legal and accounting rules that now define
- friend/relative schemes
the responsibilities of both external and internal auditors
with regard to investigative auditing • Self-payee and fictitious payee schemes:
- illicit checks
The RealITIeS OF FRauD anD InTeRnal - bogus claims
cOnTROlS Customised
- register schemes
Training
- fictitious person and shell company schemes
• Motive, rationalisation and opportunity for fraud
- false refunds and voids
• How to identify and spot different fraud schemes Programmes
- expense account schemes
• The legal elements of fraud
• Identifying and understanding the characters of
fraudsters
**vIDeO ScReenIng: NEED To DEvEloP
‘The cORPORaTe cOn’ (50 MInUTeS)
uncOveRIng FRauDulenT FInancIal ENTIrE TEAMS?
STaTeMenT ScheMe
All our conferences and
Many investors have relied on the financial statements
seminars can be developed
The DaTa analyTIcS PRIncIPleS
of a public company, only to find that the books were
into customised programmes
cooked. This session covers early revenue recognition, This session analyses the distinction between Data to meet your organisation’s
liability omissions, fictitious sales and receivables, and Analytics and Digital Forensics
specific training needs. For
other schemes
more information on in-house
InTeRnal cOnTROlS anD PRevenTIOn OF
InTeRnal cOnTROlS anD The eFFecT OF training, please contact
ManageMenT anD OccuPaTIOnal FRauD
bRIbeRy anD cORRuPTIOn
Madelyn
exploring the concept of the perception of detection
• Understanding collusion, bribery, illegal gratuities, and practical solutions to help your organization or
at +65 6349 0136
conflicts of interest, breach of fiduciary duty, your client reduce losses due to fraud
economic extortion
• Methods of making and concealing illegal
payments and detecting corruption schemes

2. About the Trainer
Tommy Seah, FcPa, FcSI, cFe
Tommy Seah, cFe is the Independent Third Party Central Bank Compliance Reviewer for a $25 Billion asset
management company as well as a Risk Management Specialist and a member of the Global Association of Risk
Professionals (GARP). He is also the elected Vice Chairman of the Association of Certified Fraud examiners (ACFe)
Board of Regents based in Texas, USA. Certified Fraud examiners (CFe) is a post graduate professional qualification
recognised by the FBI and USA Central Intelligence Agency in it’s recruitment of auditors for combating fraud.
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 at prime offshore bank where his audit duties covered the Singapore
and Hong Kong operations of the bank.
Tommy is the author of seven banking books including BASeL II Trading Book Issues in Risk Management. He is also
the author of the F.I.G. Programme, the authoritative and definitive text on Financial Instruments used by the banking industry worldwide for
product training. The other five authoritative texts are The Audit Foreign exchange in Banks, The Control of Money Market Activities in Banks,
Financial Management, MCA for Banks and SWAPS in Investment Banking. His latest publication is Understanding and Auditing Operational
Risk Management.
For the past twenty eight years, Tommy has trained some of the top banks and financial institutions in the region. In particular, his expertise in SOX
404, AML and BASeL II systems implementation is much sought after by financial institutions and banks in Germany, Brunei, China, Indonesia,
Malaysia, Philippines, Singapore, Taiwan and Thailand. His prolific training career has seen him train over 10,000 Chief Financial Officers,
Compliance Officers, Auditors, Risk Managers, Fraud Investigators, Financial Analysts, FOReX Managers, Legal Counsels and Accountants.
Secure your interest now! Call +65 6349 0136
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bOOkIng cOnDITIOnS
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email 2. If you are unable to attend the conference, a substitute delegate is welcome at no extra charge.
Alternatively, your registration can be credited to a future conference, with a validity of 6 months.
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