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Two Day Seminar: Fraud Risk Awareness and Warning Signs of Fraud

Course Code: GRC404 CPE Hours: 16
Course Start Date: August 16, 2018 Course End Date: August 17, 2018
Time: 9.00 AM - 5.00 PM Registration Deadline : August 07, 2018
Level of course: Level 2 Trainer: Sylvia Lim
Competency areas: Governance, Risk and Control [GRC] Course venue: M Hotel Singapore/Oasia Hotel Novena
Course fee (IIA/ ISACA member): $845.30 (Inclusive of GST) Course fee (non-member): $1070 (Inclusive of GST)
Other Memberships valid for discount: 10% off non-member rate for ISCA and ACCA member
Lunch Provided: Yes Tea Break: Yes
Course Overview:

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The 2016 Global Fraud Survey issued by the Association of Certified Fraud Examiners revealed that “the typical organisation loses 5% of revenues in a given year as a result of 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
• Asset misappropriation
• 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 a Founder and Managing Director of Excellence Link Associates, specialising in coaching, consulting and training on business risk management and fraud awareness. Sylvia has worked with the Big Four accounting firms, multinational corporations and local companies in Hong Kong and Singapore for over 10 years.

During her career with PricewaterhouseCoopers Hong Kong, Sylvia has conducted various training program on corporate governance, internal controls and anti-fraud to the directors of companies listed in Hong Kong. Sylvia has also been extensively involved in risk management, internal control, internal audit and Sarbanes-Oxley compliance projects in Asia Pacific.

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.

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. Once the course is confirmed, an email confirmation will be sent 1 week prior the course commencement date.
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.


A system generated email will be sent upon successful registration of the mentioned seminar. If you do not receive the email notification, please call IIA Academy at 6324 9030/31.

Registration Closed.