This Issue

• Introduction
• Course Outline
• Who should attend the workshop?
• Benefits & Key Takeaways
• About the Instructor

Course Information

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Professional Certificate in Forensic Accounting

Introduction

Corporate fraud is on the rise. Companies today do not just face risks from internal fraud but also from external criminals who are technologically savvy. The important role Forensic Accounting plays in minimising financial losses through fraud is fast gaining ground. Centre for Behavioral Science presents a one-day seminar to provide you with practical advice on how to "look behind the numbers" and examine financial discrepancies and fraud. Discover why some numbers do not add up. Mitigate this serious risk by learning the latest strategies that can be adapted to your company. This event will also cover essential legislation, challenges and how to structure your business processes to minimise the risks whilst maintaining operational efficiency.

Course Outline

• Nature and types of fraud
• The profile of a fraudster
• The Fraud Triangle
• Fraud prevention
• Fraud detection
• Fraud investigation
• Video case studies
• Planning the forensic interview
• Legal action
• Symptoms of fraud, creative accounting and red flags
• The fraud report and exhibits
• What is forensic accounting and litigation support
• The role of a forensic accountant
• Areas in which a forensic accountant can assist
• Reference sources

Who should attend the workshop?

This seminar is for those who would like to have a general understanding of forensic accounting and what they can do to help detect, control and prevent corporate fraud in their organisations. This is not a train-the-trainer seminar. Past participants have included CEOs & MDs, CFOs & VPs of Finance, Treasurers and Controllers, Company Directors, General Managers, In-house legal counsel, internal and external auditors, senior & mid-level accounting and finance professionals, human resource managers and operational staffs.

Benefits & Key Takeaways

• Practical Insights: Gain practical insights in forensic detection and prevention.
• Set Up Robust Internal Controls: Be better equipped to design internal controls to ensure compliance with regulations.
• Minimise Possibility of Financial Losses: Learn how to detect fraud early to minimise the possibility of financial loss.

Workshop handouts comprise of:

• Slide presentation notes
• Sharing of checklists, techniques and flowcharts
• Practical problems and case studies for participants to resolve, discuss and for additional reading
• E-books on:
  • Managing the business risk of fraud: a practical guide
  • Fraud risk management: a guide to good practice
  • Effective interviewing and interrogation techniques
  • Tracing stolen assets: a practitioner's handbook
• Other miscellaneous and complementary handouts

About the Instructor

Mr. WAYNE SOO
Certified Public Accountant

CPA Singapore, CA (Malaysia), FCCA (UK), FCMA (UK), PNA (Australia)
MSID, MBA (Manchester), Certified Fraud Examiner (CFE) USA
Certified Management Consultant (CMC) Singapore

Professional, Commercial and Consulting Background

Wayne Soo gained his more than 16 years of auditing, accounting, management and financial experience initially with a Top 4 public accounting firm (both in Malaysia and Singapore). He subsequently held various middle and senior management positions in industry and commerce before establishing his own audit and insolvency firm which is on the audit panel of the National Council of Social Service (NCSS) and the Ministry of Community Development, Youth and Sports (MCYS).

To date, Wayne has been intimately involved in providing assurance, tax and advisory services to clients in industries such as charities and institutes of public character (IPC), IT start-ups, E-commerce projects, retail and general trading, aerospace and aviation, engineering, property development, hotels and resorts, leisure and entertainment, palm oil plantations, food and drinks manufacturing, power generation, leasing and financing, pharmaceutical corporations; to name but a few.

Since 2000, Wayne has also set up a company that provides financial management consultancy and business advisory services and training to small and medium-sized (SME) enterprises and organizations.

Seminars, Workshops and Speaking Engagements

Wayne has successfully structured workshop materials and facilitated in-house and public training courses on financial, strategic planning, balanced scorecard, performance measurement and general management topics in Singapore, Australia, Indonesia, Malaysia and Vietnam.

Wayne's workshop style is one of facilitation. This includes classroom discussion and sharing of pertinent knowledge, case study analysis and hands-on exercises. Written assignments, group projects and mock exams will also be arranged where relevant.

Since 2001, Wayne has been an adjunct lecturer and tutor with a number of private schools for the ACCA and CIMA professional accountancy qualification, specializing in auditing, internal controls, corporate governance, strategic business planning, management accounting and general management topics. Wayne has spoken at a number of discussion forums relating to the above areas.

Wayne's core competencies in seminars, workshops and academia include the following subjects:

• Advanced Financial Statement Analysis
• Business Strategy
• Corporate Evaluations
• Cost and Management Accounting
• Financial Accounting
• International Accounting Standards and Practice
• Mergers and Acquisitions
• Strategic Cost Management

Publications in Professional Journals

HRM topics have been regularly published in professional journals such as

• Global Partner, the official magazine of The Chartered Institute of Management Accountants (CIMA), Singapore
• Human Capital, the official magazine of The Singapore Human Resources Institute (SHRI)
• The Singapore Accountant, the official magazine of The Institute of Certified Public Accountants (ICPAS)
• HRM, a commercial publication headquartered in Australia

Wayne is the co-author of "SME Guidebook: Financial & Management Accounting for Business", which was jointly published by CIMA and Centre for Innovation and Entrepreneurship (CIE).

Contributions to Institutions and Associations

Wayne is actively involved in a number of institutions and associations and their activities:

• Founding and Past President of The Manchester Business School Alumni (Singapore Chapter), 2003-2005
• President of The Manchester Business School Alumni (Singapore Chapter), 2009-2011
• Vice President, Chartered Institute of Management Accountants (CIMA) Singapore Branch, 2008-2011
• Honorary Treasurer of the Institute of Management Consultants (IMC) Singapore, 2008-2011
• Mentor for participants in the NUS Business Plan Competition, 2004 to date
• Mentor for participants in the NTU Business Plan Competition, 2006 to date

Professional Qualifications

Wayne holds 5 professional accounting qualifications and is a member of national accounting bodies in Singapore, Malaysia, UK and Australia.

He also holds an MBA awarded by the Manchester Business School, UK. His current area of research interest is the management effectiveness and profitability of SME and MNC operations.

Wayne is listed in The International Who's Who of Professionals directory in 2001 and is a Certified Management Consultant and Council Member of the Institute of Management Consultants (IMC), Singapore. He is also a full member of the Singapore Institute of Directors (SID) and the Association of Certified Fraud Examiners (ACFE) USA.