A Value-Added Audit On ETHICS and AUDITORS DUTIES (Assessing Organizational and Individual Ethics) By Tommy Seah, FCPA, ACIB, CFE, FAIA, MSID ACFE World Headquarters Regent Emeritus SINGAPORE – One Day Program CSI CPE credits: 8 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? Audience: This seminar is intended for anyone charged with designing or implementing processes aimed at creating organizational change and who needs to understand the impact that ethical business practices have on organizational behavior, culture, and business practices, individuals responsible for assessing their organization's values, ethic programs, training, policies and procedures or have an impact on their organization's expectations or standards for ethical employee behavior. Professionals who may also be interested in this seminar include; internal and external auditors, General Counsels, Chief Information Officers, Chief Security Officers, Controllers, Chief Privacy Officers, Corporate Ethic Officers, Human Relations professionals charged with developing and implementing corporate ethic programs, and any individual who wishes to learn how to assess ethical practices (or shortcomings) within workplace environments. Prerequisites: There is no prerequisite for this seminar. 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 Course Outline: What is Ethics? • Ethical Issues Facing Employees • Ethics vs. Morality • Business Ethics: The Key Issues What is Fraud? • Examining Judgment • The Many Forms of Unethical Behavior • A Framework for Judgment • General Ethic Questions all Professionals Should Ask Ethical model for Decision Making • Why do people behave unethically • Questioning Professional Responsibility & Ethical Conduct • Establishing Ethics Policies Ethics Auditing • Internal Danger Signs of Organizations at Ethical Risk • Ethical Hazards Related to Groupthink • The Temptation Triangle Can Ethics Be Taught? • Ethics in Practice What is SEATA? • How can you know whether the auditors are auditing or “auditioning”? • Is SEATA the tool for times like these? Tomm

1. A Value-Added Audit
On ETHICS and AUDITORS DUTIES
(Assessing Organizational and Individual Ethics)
By
Tommy Seah, FCPA, ACIB, CFE, FAIA, MSID
ACFE World Headquarters Regent Emeritus
SINGAPORE – One Day Program
CSI CPE credits: 8
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?
Audience: This seminar is intended for anyone charged with designing or
implementing processes aimed at creating organizational change and who needs to
understand the impact that ethical business practices have on organizational
behavior, culture, and business practices, individuals responsible for assessing their
organization's values, ethic programs, training, policies and procedures or have an
impact on their organization's expectations or standards for ethical employee
behavior. Professionals who may also be interested in this seminar include; internal
and external auditors, General Counsels, Chief Information Officers, Chief Security
Officers, Controllers, Chief Privacy Officers, Corporate Ethic Officers, Human
Relations professionals charged with developing and implementing corporate ethic
programs, and any individual who wishes to learn how to assess ethical practices
(or shortcomings) within workplace environments.
Prerequisites: There is no prerequisite for this seminar.

2. 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
•

3. Course Outline:
What is Ethics?
Ethical Issues Facing Employees
•
Ethics vs. Morality
•
Business Ethics: The Key Issues
•
What is Fraud?
Examining Judgment
•
The Many Forms of Unethical Behavior
•
A Framework for Judgment
•
General Ethic Questions all Professionals Should Ask
•
Ethical model for Decision Making
Why do people behave unethically
•
Questioning Professional Responsibility & Ethical Conduct
•
Establishing Ethics Policies
•
Ethics Auditing
Internal Danger Signs of Organizations at Ethical Risk
•
Ethical Hazards Related to Groupthink
•
The Temptation Triangle
•
Can Ethics Be Taught?
Ethics in Practice
•
What is SEATA?
• How can you know whether the auditors are auditing or “auditioning”?
• Is SEATA the tool for times like these?

4.
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 it’s 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 “The No. 1 Fraud Buster in Asia”.
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.