Super Early Bird Fee
Register and Pay
by 28 Jun ’19
Early Bird Fee
Register and Pay
by 26 Jul ’19
Regular Fee
Register and Pay
after 26 Jul ’19
Singapore-registered companies $1,385.65 (SGD) $1,492.65 (SGD) $1,599.65 (SGD)
Non Singapore-registered companies $1,295 (SGD) $1,395 (SGD) $1,495 (SGD)

 

Group Discount!
Enjoy 10% off when you register for 3 or more

IMPORTANT NOTES
  1. Super Early Bird and Early Bird promotion: Discount will only be valid if payment is received by the stipulated date.
  2. Group discount only applies to registrations from the same company, attending the same event in the same country location. Delegates must register at the same time and be of the same billing source. Only a single invoice will be issued.
  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 event documentation.
  8. The organiser reserves the right to make any amendments that it deems to be in the interest of the event without any notice.
  9. Information provided will be used for event administration and updates on upcoming events. For more details, please visit: http://www.conferences.com.sg/personal-data-protection-statement/

CANCELLATION & REPLACEMENT

A replacement is allowed if registered participants are unable to attend. For cancellations received in writing before 26 Jul 2019, a full refund will be given with a 10% administrative charge. For cancellations received in writing before 8 Aug 2019, a 50% refund will be given together with the event documentation. There will be no refunds for cancellations received after 8 Aug 2019 or “no show” participants. However participants will receive a copy of the event documentation.

Assess Operational & Financial Risks,
Evaluate Effectiveness of Controls

Intensifying regulatory scrutiny, escalating geopolitical tensions, growing IT threats – robust internal controls are critical to tackle today’s challenging business environment.

Can you effectively identify and assess risks?
Are you able to detect control weaknesses?
Can you apply robust controls to high risk areas?

Join this 2-day practical workshop to acquire the latest frameworks to implement strong internal controls to effectively manage operational, financial and fraud risks. Examine the critical components of an effective control environment and adopt best practice risk assessment methods. Learn how to assess the design effectiveness and operating effectiveness of controls. Find out how to implement practical monitoring controls to continuously monitor critical business risks.


Programme Highlights

Internal Control Best Practices

5 key components of internal control

Control Environment

Anti-fraud considerations, building a strong culture

Risk Assessment

Latest frameworks and approaches

Control Activities

Preventive controls vs. detective controls vs. deterrents

Information & Communication

Types, methods, assessment

Monitoring

Different monitoring mechanisms

Procurement to Payment Process

Key risk areas, control activities

Revenue, Receipts, Cash Management

Common fraud schemes, controls checklist

Benefits of Attending

  • Understand why controls fail and the 5 key components of internal control
  • Apply the COSO Internal Control-Integrated Framework to your organisation
  • Discover the top operational risks in 2019 and how to effectively manage them
  • Identify the 10 most commonly implemented activities and their objectives
  • Assess the design effectiveness vs. operating effectiveness of controls
  • Use data analytics and data visualisation tools to identify abnormalities
  • Learn how to use technology enabled detection methods to reduce cyber risks
  • Examine the mechanisms and characteristics of an effective monitoring control
  • Apply practical controls for continuous monitoring of critical business risks
  • Detect high risk areas and fraud schemes in the procurement to payment process
  • Takeaway a controls checklist for procurement, payment and cash management processes
  • Find out how to build a strong control culture to combat cyber threats and social media risks
  • Gain insights from latest risk surveys, practical case studies sharing and group discussions
 

Workshop Leader

Sylvia Lim

Managing Director,

Corporate Risk Strategists Private Limited

Corporate Risk Strategists

 

Sylvia is the Managing Director of Corporate Risk Strategists, specialising in consulting and training on risk management, internal controls, as well as fraud prevention and detection. Sylvia has worked with the Big Four accounting firms, multinational corporations and local companies in Hong Kong and Singapore for over 15 years.

 

Sylvia has been 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, enterprise risk management, internal controls, anti-fraud and anti-corruption to diverse clients and directors of companies in Hong Kong and Singapore. Additionally, Sylvia has over five years of training experience with the Institute of Internal Auditors Singapore and Malaysia.

 

Sylvia is a Certified Internal Auditor of the Institute of Internal Auditors and Certified Fraud Examiner of the Association of Certified Fraud Examiners.

Past Delegate Testimonials

Good sharing of real examples and creative controls to cater to these scenarios

A detailed explanation on the control framework

The vast knowledge of the trainer – great examples

Examples and illustrations are easy to comprehend and insightful

Who Should Attend

Senior level executives responsible for Internal Audit, Risk Management, Finance and Compliance

 

Agenda

  • Registration: 8.30am • Workshop: 9.00am – 5.00pm
    Morning, afternoon refreshments & lunch will be served at appropriate intervals.

  • Session 1: Internal Controls Best Practices

    • Why internal controls fail
    • The 5 key components of internal control
    • COSO Internal Control-Integrated Framework
    • Internal controls best practices
  • Session 2: Control Environment

    • Key components of the control environment of a company
    • Characteristics of effective key control environment components
    • Anti-fraud considerations
    • Building a strong control culture to combat common cyber threats and social media risks
  • Session 3: Risk Assessment

    • Top operational risks in 2019
    • Latest frameworks and approaches to assess operational and financial risks
    • Best practice methods to manage operational and financial risks
  • Session 4: Control Activities

    • The common “C, A, V, R” control objectives
    • 10 most commonly implemented control activities
    • Classification of control activities
    • Preventive controls vs. detective controls vs. deterrents
    • Characteristics of an effective internal control
    • Design effectiveness vs. operating effectiveness of controls
    • Assessing design and operating effectiveness
    • Implementing practical data analytics and data visualisation to identify abnormalities
    • Using technology enabled detection methods to reduce common cyber risks
  • 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

    • Different monitoring mechanisms
    • Characteristics of an effective monitoring control
    • Implement practical monitoring controls to continuously monitor critical business risks
  • 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

This workshop includes sharing of insights on latest risks surveys, practical case studies sharing, group and class discussions, exercises and quizzes.