Course Detail(E068 : The Ethics Challenge: Ways to manage and What to watch out for)

SDF Funding, SkillsFuture Credit

E068 : The Ethics Challenge: Ways to manage and What to watch out for

7.00 CPE Hours (Category 2)
Classroom

Programme Objective
The programme examines the ethical challenges confronting accountants, auditors and management over the corporate financial reporting process. It focuses on what accounting and finance professionals can do to drive organizational ethics, and the signs to watch out for which might lead to unethical practices and fraud. The programme will also present the underlying issues related to Ethics and Corporate Governance by the illustration of appropriate case studies. Some current issues relating to ethics such as whistle-blowing procedures, ethical issues in S-Chips listed firms and internal control weaknesses are also examined.

Programme Outline


1. Case studies of corporate fraud to illustrate ethics and corporate governance issues:

  • Capital market incentives and pressure.
  • Executive compensation structure and incentives.
  • Role of top management in driving organizational ethics
  • Role of the board of directors.
  • Post-detection consequences.

2. Detecting financial statement fraud

  • Earnings manipulation.
  • Incentives and motivations underpinning financial statement fraud.
  • Do financial statements provide useful warning signals?

3. Internal control weaknesses

  • Characteristics of firms with material internal control weaknesses.
  • Challenges arising when top management over-ride internal controls.
  • Consequences of material deficiencies in internal controls.
  • Illustrative cases.

4. Practical implications

  • Who are the perpetrators?
  • Potential red flags.
  • Fraud reporting mechanisms.
  • Is there an over-reliance on audits?
  • Vulnerability of small and mid-sized businesses.

5. Discussion of current issues

  • Ethical issues in S-Chips listed firms
  • How effective are whistle-blowing policies?
  • Profile of the typical fraudster.


Training Methodology

Lecture style, with Exercises/Case Studies, Quiz / Knowledge Check

Closing Date for Registration

1 week before programme or until full enrolment

Intended For

A Foundation to Intermediate level programme intended for Accounting and Finance Professionals, Accountants in Business or for anyone who wish to broaden their perspective on issues related to ethics.

Competency Mapping

Category 2 = 7.00 Hours

Schedule & Fees

Date & Time

21 Feb 2020 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 321.00
For Non-Members: $ 385.20

Programme Facilitator(s)

Assoc Prof Lee Kin Wai

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

21 May 2020 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 321.00
For Non-Members: $ 385.20

Programme Facilitator(s)

Assoc Prof Lee Kin Wai

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

14 Nov 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Assoc Prof Lee Kin Wai

Date & Time

07 Oct 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Assoc Prof Lee Kin Wai

Date & Time

02 Aug 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Assoc Prof Lee Kin Wai

Testimonial

Funding

1] SkillsFuture Credit (SFC)
Funding Period: Until 16 April 2020
Course Reference Number: CRS-N-0031497

All Singaporeans aged 25 and above will receive an opening credit of S$500 from the government. The credits will not expire and periodic top-ups will be provided by the government. SFC may be accumulated to pay for skills related course fees. You may wish to use your SFC to pay for partial/full ISCA course fees.  (For more information on the SFC scheme, please visit http://www.skillsfuture.sg/credit)

If you wish to enrol for the course with SFC Funding, please proceed with the following steps:

  • Step 1: Register for the course online via ISCA Portal. Upon adding to cart, the system will prompt a question “Do you wish to apply for SkillsFuture Credit?”, click “Yes” and input all required information. At the Cart page, please ensure that SFC funding is applied before clicking “Checkout”.
  • Step 2: After successful enrolment, please proceed to submit SFC claim on Skillsfuture Portal within 60 days before the course start date and obtain the necessary approval. Please submit SFC claim via SFC portal here: http://www.skillsfuture.sg/credit.

Failure to submit claim application and obtain necessary approval before the course start date will result in topping up of the SFC indicated for use. Please note that there will be an administrative fee of $42.80 for any revision of invoice.


2] WDA Training Grant - SDF Funding
This course is approved for SDF funding ($2 per training hour) for Company-sponsored participants only (Eligibility criteria apply). 

Funding Period: Until 16 April 2020
Funded Hours: 7 hours
Course Reference Number: CRS-N-0031497

If you wish to enrol participants with SDF Funding, please proceed with the following steps (For Corporate enrolments only) :

  • Step 1: Register for the course online via ISCA Portal. Upon adding to cart, the system will prompt a question “Do you wish to apply for WDA Funding?”, click Yes and input all required information. At the Cart page, please ensure that SDF funding is applied before clicking “Checkout”.
     
  • Step 2: After successful enrolment, please proceed to submit the Training Grant application via SkillsConnect Portal here: https://www.skillsconnect.gov.sg/

 

Employers of company-sponsored participants must submit training grant via SkillsConnect system to obtain training grant for course fees. You may submit the Training Grant application within the period from 30 days before the course start date to 30 days after course start date. Please note that there will be an administrative fee of $42.80 for any revision of invoice.

 

Eligibility Criteria:

  • Company must be registered or incorporated in Singapore and;
  • Applicant is taking the course for the first time.
  • Applicant must be employed, and is either Singapore Citizen or Permanent Resident of Singapore and;
  • Applicant must achieve at least 75% attendance, and pass all examinations /assessments and;
  • Applicant must be fully sponsored by the Company for all costs associated with the training and;
  • Payment has to be made via corporate means (e.g. corporate cheque, corporate GIRO, corporate credit card).

 

Programme Facilitator(s)


Assoc Prof Lee Kin Wai

Lee Kin Wai is Associate Professor of Accounting at Nanyang Business School in Nanyang Technological University. He holds a First Class Honours Degree (with University Medal) in Accounting, MBA (distinction in finance) and PhD degree. He is a member of Institute of Singapore Chartered Accountants, Australian Society of Certified Practising Accountants and American Accounting Association. Dr. Lee is the Deputy Chairman of the Shell Singapore Employees Union Cooperative Limited and he served as a member of the Corporate Governance Committee of the Institute of Singapore Chartered Accountants.


Prior to joining academia, Dr. Lee had extensive experience in accounting and finance and was the Group Accounting Manager in a publicly listed multinational corporation. Dr. Lee specializes in financial statement analysis, capital market research in accounting, corporate governance and valuation. His research on corporate governance and financial accounting standards has been published in international accounting and finance journals such as Journal of Banking and Finance, Journal of Corporate Finance, Review of Quantitative Finance and Accounting, Journal of Accounting Auditing and Finance, Review of Pacific Basin Financial Markets and Policies, International Journal of Business, Journal of Multinational Financial Management, Singapore Accountant and Accounting and Finance Journal and the business press such as Business Times and Straits Times.

He conducts courses at the undergraduate and MBA levels, and executive seminars for organizations such as Institute of Singapore Chartered Accountants, Australian Society of Certified Practising Accountants, Shell, Mitsui, Asia-Pacific Breweries, Panasonic Asia Pacific, Tyco, Singapore Technologies Engineering, Association of Chartered Certified Accountants, Singapore National Cooperatives Federation, Capital Market and Financial Institutions Supervisory Agency and Asia-Pacific Bankers Club. In 2007, he received the Teacher of the Year Award for the MBA program. In 2010, he received the Teacher of the Year Award for the Accountancy program in Nanyang Business School. In 2010, he received the Nanyang Award for Teaching Excellence at Nanyang Technological University.

 

Programme Objective
The programme examines the ethical challenges confronting accountants, auditors and management over the corporate financial reporting process. It focuses on what accounting and finance professionals can do to drive organizational ethics, and the signs to watch out for which might lead to unethical practices and fraud. The programme will also present the underlying issues related to Ethics and Corporate Governance by the illustration of appropriate case studies. Some current issues relating to ethics such as whistle-blowing procedures, ethical issues in S-Chips listed firms and internal control weaknesses are also examined.

Programme Outline


1. Case studies of corporate fraud to illustrate ethics and corporate governance issues:

  • Capital market incentives and pressure.
  • Executive compensation structure and incentives.
  • Role of top management in driving organizational ethics
  • Role of the board of directors.
  • Post-detection consequences.

2. Detecting financial statement fraud

  • Earnings manipulation.
  • Incentives and motivations underpinning financial statement fraud.
  • Do financial statements provide useful warning signals?

3. Internal control weaknesses

  • Characteristics of firms with material internal control weaknesses.
  • Challenges arising when top management over-ride internal controls.
  • Consequences of material deficiencies in internal controls.
  • Illustrative cases.

4. Practical implications

  • Who are the perpetrators?
  • Potential red flags.
  • Fraud reporting mechanisms.
  • Is there an over-reliance on audits?
  • Vulnerability of small and mid-sized businesses.

5. Discussion of current issues

  • Ethical issues in S-Chips listed firms
  • How effective are whistle-blowing policies?
  • Profile of the typical fraudster.


Training Methodology

Lecture style, with Exercises/Case Studies, Quiz / Knowledge Check

Closing Date for Registration

1 week before programme or until full enrolment

Intended For

A Foundation to Intermediate level programme intended for Accounting and Finance Professionals, Accountants in Business or for anyone who wish to broaden their perspective on issues related to ethics.

Competency Mapping

Category 2 = 7.00 Hours

Programme Facilitator(s)

Assoc Prof Lee Kin Wai

Lee Kin Wai is Associate Professor of Accounting at Nanyang Business School in Nanyang Technological University. He holds a First Class Honours Degree (with University Medal) in Accounting, MBA (distinction in finance) and PhD degree. He is a member of Institute of Singapore Chartered Accountants, Australian Society of Certified Practising Accountants and American Accounting Association. Dr. Lee is the Deputy Chairman of the Shell Singapore Employees Union Cooperative Limited and he served as a member of the Corporate Governance Committee of the Institute of Singapore Chartered Accountants.


Prior to joining academia, Dr. Lee had extensive experience in accounting and finance and was the Group Accounting Manager in a publicly listed multinational corporation. Dr. Lee specializes in financial statement analysis, capital market research in accounting, corporate governance and valuation. His research on corporate governance and financial accounting standards has been published in international accounting and finance journals such as Journal of Banking and Finance, Journal of Corporate Finance, Review of Quantitative Finance and Accounting, Journal of Accounting Auditing and Finance, Review of Pacific Basin Financial Markets and Policies, International Journal of Business, Journal of Multinational Financial Management, Singapore Accountant and Accounting and Finance Journal and the business press such as Business Times and Straits Times.

He conducts courses at the undergraduate and MBA levels, and executive seminars for organizations such as Institute of Singapore Chartered Accountants, Australian Society of Certified Practising Accountants, Shell, Mitsui, Asia-Pacific Breweries, Panasonic Asia Pacific, Tyco, Singapore Technologies Engineering, Association of Chartered Certified Accountants, Singapore National Cooperatives Federation, Capital Market and Financial Institutions Supervisory Agency and Asia-Pacific Bankers Club. In 2007, he received the Teacher of the Year Award for the MBA program. In 2010, he received the Teacher of the Year Award for the Accountancy program in Nanyang Business School. In 2010, he received the Nanyang Award for Teaching Excellence at Nanyang Technological University.

 


Upcoming Schedule

Date & Time

21 Feb 2020 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 321.00
For Non-Members: $ 385.20

Programme Facilitator(s)

Assoc Prof Lee Kin Wai

Venue

60 Cecil Street
ISCA House
Singapore 049709