The Essentials Of Internal Control And Fraud Awareness

SIM Professional Development

Course introduction

This programme employs a unique practical focus to convince you of the importance of good controls, both for business and regulatory reasons, and to help you implement and pursue good practices in your workplace. In an increasingly regulated corporate environment, many organisations need assistance in making necessary changes to their business practices. Internal controls are no longer limited to only the domain of finance staff but all management are required to take ownership and sign off on controls. The challenge however is to understand how you can create a strong control environment in your organization and how you can practically implement a robust Internal Control framework. This course provides a strong foundation in internal control that allows you to achieve business, financial reporting and compliance objectives as the course material is grounded around the regulations associated with Corporate Governance and the COSO framework.

Course Benefits

By attending this programme, participants would be convinced of the importance of good controls both for business reasons and for regulatory compliance with a practical focus to enable them to take good practices to their workplace.

By the end of the programme you will:

  • Be convinced of the importance of good control both for business reasons and regulatory compliance.
  • Be aware of the regulatory environment which requires that businesses demonstrate strong controls.
  • Understand the fundamentals of control including key types of control, IT controls and reconciliation controls.
  • Be conscious of control in your everyday work, becoming ambassadors for good control, including execution, monitoring and assessing effectiveness of existing controls in your own organisations.
  • Have considered fraud and how to reduce the risk of fraud in their organisations by implementing and maintaining a strong and effective control environment.

Target Audience

Level 2: Supervisor, Executive & Emerging Managers
Level 3: New Managers
Level 4: Managers

  • Managers of all levels who carry responsibilities to design and maintain effective and efficient internal controls and in particular those who support Board members.
  • Finance staff of all levels who need to understand the control environment so enabling them to carry out their duties diligently and add value to their organisation.
  • All non-finance staff in particular those working for listed companies but also those who work in organisations seeking to enhance and improve their existing control environment.

Course Outline

  • The Business Case for Control
  • Role of Audit Committee
  • Control Fundamentals
  • Control Issues - Case Studies
  • Reconciliations
  • IT Controls
  • Control Effectiveness - Recap Quiz
  • Monitoring and Remediation 
  • Fraud - Including Singapore Case Study
  • Case Study - Change of System; Changing Risks; and Change of Controls
  • Action Planning

Available Course Sessions

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Trainer Profile

Anthony Moore

Anthony Moore, CPA, who holds a Masters in Adult Learning, is Director of People & Change [Changing Business by Changing Behaviour] at Pricewaterhouse Coopers, Singapore. He has many years of experience in advising major listed companies, statutory boards and international financial institutions on managing their businesses more effectively.

Mr Moore is widely recognised as one of Asias leading financial trainers. He has conducted financial workshops for some of the worlds Fortune 500 companies, statutory boards and numerous organisations in Singapore, Malaysia, Philippines, Thailand, Sri Lanka, India, Republic of Korea, Japan, Vietnam and Peoples Republic of China.

Mr Moore has lived in Singapore for the past 18 years and is also an accredited facilitator for Effective Negotiations Services [ENS International] and the seminar Think On Your Feet®.