Combating Fraud: 360 Degrees in Fraud Risk Management
DO NOT under-estimate how Fraud can hurt your organisation. You may put financial losses aside but you cannot ignore the threat of Fraud. When Fraud is discovered, it confirms that your system is weak and poor integrity amongst your people. When your weak system is managed by so many corrupted people, you will never discover Fraud in your organisation. There is no cure for this disease, but we can put controls, policies and processes to prevent and detect them.
During this poor economy conditions, working professionals will be tested under distressing financial pressures. That kind of hanging in a balance situation where salary is stagnant but living under escalating prices – can push them to steal. Fraud Risk for every organisation in Singapore is very critical now, with the ever rising trend of number of cases and losses, in recent years.
Upon completing this training programme, you will be able to:
- Understand and apply various fraud schemes that can take place in your organisation.
- Verify and confirm fraud risk relevant and specific to your organisation.
- Learn and develop a fraud risk register for your organisation, under the guidance of an expert.
- Equip with skills to design controls and policies to prevent and detect fraud.
- Communicate and convince your peers with confidence, on how changes can protect the organisation from Fraud.
- Fraud and its mechanics
- How Fraud can hurt your organisation
- The Face of a Fraudster
- The Fraud Triangle
- The Motivations of Fraud
- Who owns Fraud
- Case studies and schemes in Fraud
- Fraud Prevention and Detection programmes
- Weighing Benefits, Cost and Practicality
- Step by Step in developing Fraud Risk register
- Case study – Case X
- Role Plays – Classwork ABC
WHO SHOULD PARTICIPATE?
- Business Managers
- Finance Officers and Managers
- Operations Officers and Managers
- Compliance officers
- Internal Auditors
There is no pre-requisites to attend this training programme.
“The trainer is very good in delivering knowledge / lecture to the class by providing real-life cases as reference & relate well to the course books provided.”
– Changi Airport
“The lecturer provided a lot of case studies & examples to us. She is very cheerful & attending her class has never been bored.”
– Siemens Singapore
ABOUT THE TRAINER
Jessica Hong CA(M) CPA
Jessica always delivers her financial skills programmes in a refreshing way, and helps accelerate the learning curves of the non-finance professionals. Financial courses need not be dull and boring; they can be fun, stimulating and personally motivating.
Jessica Hong (Ms.) is a Malaysian Chartered Accountant and holds a Bachelor of Accountancy from University of Malaya and she completed her post-graduate studies in Management Development Programme at INSEAD, Singapore.
Her career with PricewaterhouseCoopers (PwC) has given her invaluable experience in system assurance, management assurance, audit, fraud investigations, system implementations, due diligence and many other challenging assignments. All these provide her with deep insights of financial management practices and their impact on corporate performance. Her financial skills training experiences made her an invaluable resource to participants in her financial skills programmes.
She was trained by Michael Wells, Director, IFRS Education Initiative, IFRS Foundation and Paul Pacter, IASB Member & Chairman of the SME Implementation Group in Singapore recently, to be an IFRS Trainer (IFRS is International Financial Reporting Standard).
She is on the panel of trainers for Institute of Singapore Chartered Accountants (ISCA) Business Ethics and Conduct, specialising in Anti Money Laundering and Anti Terrorism Financing topics, and Financial Reporting Standards.
In Jessica’s recent projects, she was appointed by the Accountant’s General, Ministry of Finance and Akademi Audit Negara, to train all auditors, accountants and operation leaders in Malaysia Government in implementing Malaysia Public Sector Accounting Standards (MPSAS) , a migration from cash accounting to accrual accounting.
Some of her major clients she worked with during her career include DKSH, Sime Darby and Amoco Chemicals, Maxis Communications, United Overseas Bank Malaysia, CitiBank Thailand, Kampuchea Institute of Certified Accountants and Auditors (KICPAA), OCBC Bank, MSIG, Institut Bank-Bank Malaysia, Ministry of Finance Malaysia, Institute of Singapore Chartered Accountants, Ministry of Finance (Malaysia), MSIG , Moet Henessey Diageo Singapore and Agro Bank.
Jessica has varied and vast commercial experience in developing and implementing credit control policies, project management, debt recovery training, system integration and many other management effectiveness & efficiency assignments.
With more than 10 years of training experience in her cuffs, Jessica continued her passion in human capital development, specializing in financial and management skills training.
Jessica defines Corporate Trainings as applying adult learning methodologies that are interactive and stimulating to help the participants relate better in application of the newly acquired financial skills.