Two Day Seminar: Identifying Different Fraud Schemes and Red Flags of Fraud

Course Code:
CPE Hours:
Course Start Date:
March 12, 2020
Course End Date:
March 13, 2020
9.00 AM - 5.00 PM
Registration Deadline :
March 05, 2020
Level of course:
Level 2
Sylvia Lim
Competency areas:
Governance, Risk and Control [GRC]
Course venue:

IIA Singapore Office/M Hotel Singapore

Course fee (IIA/ ISACA member):
(Inclusive of GST)
Course fee (non-member):
(Inclusive of GST)
Other Memberships valid for discount:
10% off non-member rate for ISCA and ACCA member
Lunch Provided:
Tea Break:
Course Overview:

NTUC members enjoy 50% unfunded course fee support for up to $250 each year when you sign up for courses supported under UTAP (Union Training Assistance Programme).
Terms and conditions apply.
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The 2018 Global Study on Occupational Fraud and Abuse issued by the Association of Certified Fraud Examiners revealed that “organizations lose 5%of their annual revenues to fraud”. How much do you think your organisation is losing to fraud each year?

Join us for an interactive session to find out more about the latest global fraud trends, risk of occupational fraud and how to manage the risk of fraud more effectively in your organisation. Through facilitated discussions and case examples, audit and finance professionals can better understand about the different types of potential fraud schemes that can occur in your organisation, as well as the different fraud prevention and detection methods.

• Internal auditors
• Internal controls officers
• Financial auditors
• Compliance, finance and operations professionals who are seeking to understand more about fraud, warning signs of fraud, fraud prevention and detection, as well as learn about fraud risk management

Course description :

What you will gain from this seminar:
• Learn about the difference between fraud and misconduct
• Gain a comprehensive overview of the current global trends in fraud
• Understand factors motivating an individual to commit fraud
• Learn about the different types of fraud
• Identify common forms of fraud concealment activities for different types of fraud
• Identify opportunities that facilitate fraud to be perpetrated by employees
• Recognise warning signs of fraud pertaining to employees' character and behaviour
• Implement preventive controls to reduce risk of misconduct and fraud
• Identify detective controls to uncover fraud and misconduct

Fraud essentials
• Fraud and misconduct
• Fraud triangle
• Factors motivating an individual to commit fraud
• Profile of a fraudster
• Conditions that enable fraud to occur in your organisation
• Reasons why organisations should manage fraud risk

Understanding different types of fraud and fraud concealment methods
• Global fraud trends
• Corruption (Conflict of interest, kickback and bribery)
• Asset misappropriation (Larceny, cash skimming and various fraudulent disbursement schemes)
• Fraudulent statements
• Common fraud concealment activities for different fraud schemes

Identifying red flags of fraud
• Opportunity red flags
• Personal characteristic red flags
• Situational pressure red flags
• Red flags of potential top management fraud
• Symptoms of fraud pertaining to major business processes
• Procurement
• Accounts payables
• Accounts receivables
• Cash receipts
• Inventory
• Payroll
• Challenges faced when identifying red flags

Fraud prevention and detection
• Considerations for implementing a fraud prevention policy or program
• Tone at the top
• Topics that should be covered in your organisation’s fraud awareness training
• Preventive and detective controls to prevent and detect misconduct and fraud
• Proactive auditing for fraud
• Case examples of what can go wrong and what can be recommended

Case studies discussion

Ms Sylvia Lim is the Managing Director of Corporate Risk Strategists and Excellence Link Associates, specialising in coaching, consulting and training on risk management, internal controls, as well as fraud prevention and detection. Sylvia has worked with the Big Four accounting firms, multinational
corporations and local companies in Hong Kong and Singapore for over 15 years.

Sylvia has been extensively involved in risk management, internal control, internal audit and Sarbanes-Oxley compliance projects in Asia Pacific. Additionally, Sylvia has over 5 years of professional training experience. She has provided various training programs on corporate governance, enterprise risk management, internal controls, anti-fraud and anti-corruption to diverse clients and directors from companies listed in Singapore, Malaysia and Hong Kong.

Graduated with an Accountancy degree (Honours) from Nanyang Technological University, Sylvia is also a Certified Internal Auditor of the Institute of Internal Auditors and Certified Fraud Examiner of the Association of Certified Fraud Examiners.line

Make the payment of your registration fees via PayNow/PayLah! transfer by following the steps below:


1. Upon completing your registration, proceed to payment and select the “Cheque/Fund Transfer” option.
2. Login to Internet Banking or Mobile Banking.
3. Scan our corporate PayNow/PayLah! QR code.
4. Verify our UEN number (S76SS0058D) and release funds.
NOTE: Kindly include the details below under the UEN/Bill Reference Number (text limit of up to 25 characters).


5. Once payment is made, please print screen the transaction and email to for our tracking purposes.

Please refer to PayNow and PayLah! for more information.line

Group Discount
Register as a group of 4 or more participants for the same course and enjoy a 10% group discount!
Applicable for participants from the same company registered within the same day. Discount will be indicated and processed on a single invoice.

Terms and Conditions
1. Registered participants will be liable for the full fee even in the event of non-attendance.
2. A processing fee of $100 will be imposed for any cancellation. Cancellation must be submitted in writing 7 days prior to the event date and subject to IIAS’s approval. Substitutions will be permitted and conditions will apply.
3. All registrations must "Proceed to Payment" to complete registration. Full payment must be received prior the course commencement.
4. Contact Person will be notified VIA EMAIL upon successful registration of the course.
5. Complimentary parking will be provided on a first-come-first-served-basis.
6. IIAS reserves the right to revise the programme as necessary.
7. IIAS reserves the right to cancel or postpone the training should the minimum class size is not met.line


A system generated email will be sent upon successful registration of the mentioned seminar.
Once the course is confirmed, an email confirmation will be sent to the registrants’ contact email addresses 1 week prior to the course commencement date
If you do not receive any email notification regarding your course registrations, please call IIA Academy at 6324 9029.

Registration Closed.