Main Menu

Two Day Seminar: Developing an Eagle Eye to Detect Potential Fraud

Course Code: GRC373 CPE Hours: 16
Course Start Date: January 17, 2019 Course End Date: January 18, 2019
Time: 9.00 AM - 5.00 PM Registration Deadline : January 10, 2019
Level of course: Level 2 Trainer: Kenneth Koh
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:

The ability to develop an eagle eye to detect potential fraud is an essential skill in today’s audit professionals. This course aims to highlight the potential fraud in various business cycles and trains participants to acquire practical skills to detect, mitigate and prevent them.

Auditors with at least 3 to 5 years of practical experience.

Course description :

• Acquire a general knowledge of fraud
• Be aware of the potential loopholes in the various business cycles
• Learn how to detect and prevent fraud
• Achieve competencies in designing tools to mitigate or prevent fraud

Introduction & fraud landscape
• Overview of the course
• General understanding of fraud and its everchanging landscape

Financial analysis
• Introduce the various types of financial ratios
• Understand the property of each financial ratio as warning signs
• Sales cycle
• Understand the nature of the sales cycle and its potential loopholes
• Learn to detect potential fraud in the areas of revenue, receivables, receipts, etc.

Bank and cash management
• Understand the nature of the cash cycle and its potential loopholes
• Learn to detect potential fraud in the areas of reconciliation, receipts, payments, authorization, etc.

Inventory and warehouse management
• Understand the nature of the inventory and warehouse cycle and its potential loopholes
• Learn to detect potential fraud in the areas of ordering, receipts, delivery, custody, reconciliation, adjustments, security, etc.

Payroll & human resource management
• Understand the nature of the payroll and human resource cycle and its potential loopholes
• Learn to detect potential fraud in the areas of payment, adjustment, disbursement, recruitment, cessation, etc.

Procurement cycle
• Understand the nature of the procurement cycle and its potential loopholes
• Learn to detect potential fraud in the areas of procurement, payables, payments, etc.

Fixed assets management
• Understand the nature of the fixed assets cycle and its potential loopholes
• Learn to detect potential fraud in the areas of acquisition, transfer, disposals, maintenance, verification, reconciliation, etc.

Other general controls
• Policies and procedures
• Delegation of authority
• System access rights and log
• Segregation of duties
• Conflict of interest declaration

Understanding the forensic process
• Overview of what happens during a forensic investigation
• Understanding the numbers game
• Overview of how numbers game can be played in business

Real case studies
• Analyze a few recent real fraud cases
• Discuss the possibilities of preventing them

Going forward
• Preparation for the challenge
• How to execute them

Mr Kenneth Koh graduated from NUS with a Bachelor of Accountancy degree and later an Executive MBA from Helsinki School of Economics. He spent most of his career in internal audit with MNCs and SMEs. He has travelled to Asia Pacific. Central Asia, Europe, CIS and USA for work. With his extensive experiences as an internal audit professional, Kenneth is keen to share his experiences and broaden the professional insights of the participants.

You can utilise the training credits which will expire on 31 May 2019 for this training/seminar,etc. Please contact to verify the availability of your training credits.

Payment by PayNow transfer

Make the payment of your registration fees via PayNow 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 QR code.
4. Verify our UEN number (S76SS0058D) and release funds.
NOTE: Kindly include your name and/or membership ID 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.

Click here for more information on PayNow.

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. Full payment must be received prior to the event. Registration forms submitted without payment will not be accepted.
4. Contact Person will be notified VIA EMAIL of the result of their application for enrolment within three working days after the enrolment deadline.
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.
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 9030/31.

Registration Closed.