Super Early Bird Fee

Register and Pay
by 2 Feb '18

Early Bird Fee

Register and Pay
by 2 Mar '18

Regular Fee

Register and Pay
after 2 Mar '18

$1,349.00(USD) $1,499.00(USD) $1,649.00(USD)

Group Discount! Enjoy 10% off when you register for 3 or more
For groups of 3, 4th comes for free

  1. Super Early Bird and Early Bird promotion: Discount will only be valid if payment is received by stipulated date.
  2. Group Discount only applies to registrations from the same company registering at the same time, issued in a single invoice and of the same billing source.
  3. Only corporate registrations will be accepted.
  4. Bank charges & taxes are to be borne by registrants, if applicable.
  5. Full payment is mandatory upon registration for admission to the event.
  6. Walk-in delegates will only be admitted on the basis of space availability at the event and with immediate full payment.
  7. Fee includes lunch, refreshments and documentation.
  8. The organiser reserves the right to make any amendments that it deems to be in the interests of the event without any notice.
  9. Any information provided by registrants will be used for the primary purpose of event administration and upcoming events updates. For more information, please visit:


A replacement is welcome if you are unable to attend. A full refund less 10% administrative charge will be issued for cancellation received in writing by 2 Mar 2018. A 50% refund and a set of documentation will be issued for cancellation received by 9 Mar 2018. Regrettably, no refund will be issued for cancellation received after 9 Mar 2018 or for “no show” participant. You will however receive a set of documentation.

Hong Kong’s Corporate Governance Code requirements are tightening. Companies need to disclose the review of internal controls and risk management systems, the process used to review effectiveness of the systems, as well as any significant control weaknesses. Do you have processes in place to identify, evaluate and manage significant risks? Can you identify internal control failures? More importantly, do you have a robust internal controls systems in place?

This 2-day practical workshop will equip you with the latest techniques and frameworks to implement effective internal controls to address financial, operational, compliance and other key risks. Learn how to evaluate the effectiveness of existing internal controls and identify control weaknesses in your business. You will also be able to learn about the key features of an effective internal control system and how to implement critical effective control activities to prevent and detect fraud relating to common core business processes (procurement, payment, revenue, receipts, cash management, inventory and fixed asset management).

Benefits of Attending

  • Find out why internal controls fail and the 5 components of internal control
  • Learn how to apply the COSO Internal Control-Integrated Framework
  • Examine the critical components of an effective control environment
  • Learn about the steps to carry out a risk assessment process
  • Identify the design and operating effectiveness of existing internal control practices
  • Discover the 10 most commonly implemented control activities to manage operational and financial risks
  • Ascertain the effectiveness of information and communication and monitoring controls
  • Identify the key risks areas and common fraud schemes relating to the procurement, payment, revenue, receipts, inventory and fixed assets management processes
  • Determine the control objectives and key control activities pertaining to the relevant sub-processes
  • Takeaway templates to develop your own internal controls checklists to evaluate existing internal controls

Workshop Leader

Sylvia Lim

Managing Director,

Excellence Link Associates

Fraud8-Excellence Link Associates


Sylvia is a Founder and Managing Director of Excellence Link Associates, specialising in 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 was extensively involved in risk management, internal control, internal audit and Sarbanes-Oxley compliance projects in Asia Pacific. Sylvia has also conducted various training programs on corporate governance, internal controls and anti-fraud to the directors of companies listed in Hong Kong. In addition, Sylvia has five years of training experience in internal controls, risk management and anti-fraud topics with the Institute of Internal Auditors Singapore.


Sylvia is a Chartered Accountant of the Institute of Singapore Chartered Accountants, Certified Internal Auditor of the Institute of Internal Auditors and Certified Fraud Examiner of the Association of Certified Fraud Examiners.

Who Should Attend

Internal Audit, Finance, Risk management, Compliance professionals



  • This workshop includes case studies sharing, class discussions, exercises, quizzes, templates, checklists.

    Session 1: Introduction to Internal Controls

    • Internal controls: Myths, facts and reasons why they fail
    • Parties responsible for internal controls
    • The 5 key components of internal control
    • COSO Internal Control-Integrated Framework
  • Session 2: Control Environment

    • Key components of the control environment of a company
    • Characteristics of effective key control environment components
    • Anti-fraud considerations
  • Session 3: Risk Assessment

    • Definition of risk assessment
    • Purpose of risk assessment
    • Ways to assess risks
    • Types of risks
    • Managing risks
  • Session 4: Control Activities

    • 10 most commonly implemented control activities
    • Classification of control activities
    • Characteristics of an effective internal control
    • Design effectiveness vs. operating effectiveness of controls
    • Assessing design and operating effectiveness
    • Data analytics and data visualisation
  • Session 5: Information and Communication

    • Types of information and communication
    • Methods used to disseminate information
    • Assessing information and communication
    • Effective communication flow
  • Session 6: Monitoring

    • Definition and benefits of monitoring
    • Different monitoring mechanisms
    • Characteristics of effective monitoring
  • Session 7: Internal controls for the procurement to payment process

    • Common procurement and payment fraud schemes
    • Key risks areas of the procurement to payment process
    • Key control activities for relevant sub-processes:
      • Purchase requisition and ordering
      • Vendor qualification and selection
      • Payment
      • Accounts payables and reconciliation
    • Developing a Procurement and Payment Controls Checklist
  • Session 8: Internal controls for the revenue, receipts and cash management processes

    • Common revenue and receipts fraud schemes
    • Key risks areas of the revenue, receipts and cash management processes
    • Key control activities for relevant sub-processes:
      • Credit assessment and review
      • Sales ordering and invoicing
      • Cash receipts and collection
      • Recording and reconciliation
    • Developing a Revenue, Receipts and Cash Management Controls Checklist
  • Session 9: Internal controls for the inventory management process

    • Common fraud schemes relating to inventory
    • Key risk areas pertaining to inventory management
    • Key control activities for relevant sub-processes:
      • Inventory requisition
      • Inventory receipt
      • Inventory issuance
      • Safeguarding and accountability
      • Inventory transfer and disposal
    • Developing an Inventory Management Controls Checklist
  • Session 10: Internal controls for the fixed assets management process

    • Common fraud schemes relating to fixed assets
    • Key risk areas pertaining to fixed assets management
    • Key control activities for relevant sub-processes:
      • Asset requisition and acquisition
      • Capitalisation
      • Safeguarding and accountability
      • Transfer and disposal
    • Developing a Fixed Assets Management Controls Checklist