|
Your
Financial Coach
Tommy
Seah
Chartered
Banker, Accountant, Auditor, Investigator,
Fraud
Examiner
Member of the
Board of Regents, ACFE (USA)
|
Date: |
8 – 9
May, 2007 |
|
Time: |
9:00 AM
- 5:00 PM |
|
Location: |
Berjaya
Times Square
Hotel, Kuala
Lumpur |
Dear
Colleague,
Fraud
is everywhere, and it’s growing because of little emphasis on
deterrence. Pricewaterhouse Coopers’ 2003 Global Economic
Crime Survey, which polled 3,600 corporate executives in 50
countries, found that economic crime is a significant problem
with no industry immune from its effects. The respondents’
major concerns were financial loss, damage to reputation and
brand, and the effect on employee morale. The ACFE estimates
that 5% of the U.S. gross domestic
product (about $650 billion
a year) is lost to
fraud.
Recognising
the challenges that organisations are facing in combating
Financial Statement Fraud,
ProEdge Global is pleased to present this 2-day Workshop on
Financial Statement Fraud: Detect, Respond &
Prevent. This will serve as an excellent
opportunity to learn how best to protect your organization and
step up on controls to prevent
fraud.
Register
Before 19th March to enjoy discounts up to
RM400
& get a Free book on Financial Statement Analysis.
Special Bonus : The first 10 registrations will get a chance to be on the 'Hot Seat' session
Hurry
Seats are Limited!! |
Key
Topics : Day One
Understanding
Financial Statement Fraud
Financial Statement
Fraud Defined
Financial Statement Manipulation
The True
Cost of Fraud
Errors vs. Irregularities
The
Fraud Triangle - The Three Factors Present in Organisation
That Allow Fraud to Occur
Incentive/Pressure
Opportunities
Attitudes/Rationalization
Evaluating
the Existence of Fraud
Identifying Your
Exposure to Financial Statement Fraud
Evaluate the
Existence of Fraud Risk Factors using SEATA
Looking for
Financial Fraud Schemes Within
Your Organisation
Financial
Reporting Practices
Current Financial Reporting
Practices
Financial Reporting Best Practices
Financial
Statement Analysis
Note:
This session will enable participant
especially Directors and Non- Financial Senior Executives to
better understand the basic accounting principles in financial
statements. You will learn to recognize the information
financial statements convey and how to interpret and act upon
the information when reviewing financial
statements.
The
Anatomy of Financial Statement
Fraud
Utilize Aggressive
Reserves
Delay/alter Expense Recognition
Accelerate
Revenue Recognition
Exploit Acquisition Reserves
Make
Unsupportable Entries
Fabricate Additional
Revenues
Analysis
of Common Fraud Examples and How to Detect Potential Warning
Signs
"Refreshed"
Receivables
Misstatement Of Expenses
Sales of
Development Stage Products
Channel Stuffing
Misdated
Transactions
Money Laundering
Moving Inventory Between
Locations
Fraudulent Audit Confirmations
Off Balance
Sheet Liabilities
Improper Revenue
Recognition
|
Key
Topics : Day Two
Detecting
Creative Accounting Practice
Detecting
Fictitious Revenues
Detecting Misreported Asset &
Liabilities
Using Operating Cash Flow to Detect Creative
Accounting Practices
Prevent
and Detect Financial Statement
Fraud
Tools and
Techniques to Combat Financial Statement Fraud
Proactive
Forensic Data Analysis
How to protect your organisation
from Financial Statement Fraud
Designing
& Implementing a Robust Governance Framework to Counter
Fraud
Anti-Fraud Control
as an Enterprise Risk
Strategy
Evaluating Existing Antifraud Processes and
Controls
Designing a Robust Framework for Fraud
Control
Implementing Appropriate Internal
Controls
Operating and Maintaining the Control
Structure
Management Antifraud Programs
Whistle Blower’s
Program
Fraud
Investigation In Action : What Experts
Do
Fraud Audit vs
Fraud Investigation
Fundamentals of Financial Statement
Audit
Internal Investigation Protocols
Inquiries of
Personnel : Detecting the Fraudster and What Questions Should
Be Asked?
Forensic Technology and Data Management
Validate Findings and Report Findings
Disclosing and
Communicating Results of Investigation
Findings
Fraud
in Digital Age
Case Study &
Exercise
A
Case Study on a Financial Statement Fraud. Guided by the
workshop leader, this session enables participants to test out
the method to detect and prevent fraud practices in the case
studies.
AI
240: The Auditor’s Responsibility to Consider Fraud in an
Audit of Financial Statements
Regulation
and Compliance
International
Financial Reporting Standards (IFRS)
A Framework For
Differential Reporting
What Is Embedded Value In Financial
Reporting
What Every CFO And CEO Should
Know. |
