This Issue

• Objectives
• Target Participants
• Outline
• Course Leader’s Profile
• How will participants benefit from this seminar

Course Information

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1 day Workshop in Forensic Accounting - Detecting, Controlling and Preventing Fraud

Course Synopsis / 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.

Objectives

The one-day seminar seeks to provide a general understanding of forensic accounting and how frauds are detected, controlled and prevented.

Target Participants

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.

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

              1. Slide presentation notes
              2. Sharing of techniques
              3. Practical problems and case studies for discussion and additional reading
              4. Other miscellaneous and complementary handouts

Course Leader’s Profile

Wayne Soo gained his initial years of auditing, accounting and financial experience with a Top 4 public accounting firm, both in Malaysia and Singapore. He has held various middle and senior management positions in industry and commerce before establishing his own firm in 2000 to provide financial management consultancy and business advisory services and training to small and medium-sized (SME) enterprises and organizations. Wayne is also an active audit and insolvency practitioner in a Singapore-based Certified Public Accountants firm. Wayne has conducted a number of special assignments in Malaysia including forensic investigation and accounting, litigation support matters, company valuations, schemes of arrangement and corporate turnaround advisory, with multi-million dollars of legal damages at stake. Some of these cases are still ongoing. Wayne holds 5 professional accounting qualifications and is a member of national accounting bodies in Singapore , Malaysia , UK and Australia .

How will participants benefit from this seminar

• 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.