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…. An Executive Coaching Session On ….
Financial Statement Fraud:
Detect, Respond & Prevent
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, including education, banking and broadband provision, 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.
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Key Topics
Understanding Financial Statement Fraud
- Financial Statement Fraud Defined
- Financial Statement Manipulation
- The True Cost of Fraud
- Errors vs. Irregularities
- Lessons Learned, a Case Study: Analysis of Famous Cases (WorldCom, Crazy Eddie & Enron)
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
and many more... Download our brochure for more details
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Who Should Attend
This is a course developed to meet the needs of corporate leaders, financial professionals, accountants and auditors who want to fully master the complexity of detecting, responding and preventing Financial Statement Fraud.
This course will provide an invaluable insight for :
- Chief Executive Officers
- Corporate/Managing Directors
- Chief Operating Officers
- Chief Financial Officers
- Chief Information Officers
- Chief Internal Auditors
- Chief Security Officers
- Chief Operating Officers
- Heads of Internal Audit/Corporate Audit
- Audit Managers/Officers
- Finance Directors
- Heads of Legal & Compliance Department
- Heads of Regulatory Affairs
- Risk Management Heads
- Heads of Credit Control
- In-house General Counsels
- Forensic Accountants
- Independent Auditors
Please contact us for more details.
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