Course Detail(E111 : Ethical Issues for Accountants: Forensic Accounting & Fraud Detection)

SDF Funding, SkillsFuture Credit, UTAP Funding

E111 : Ethical Issues for Accountants: Forensic Accounting & Fraud Detection

7.00 CPE Hours (Category 2)
Classroom

Programme Objective

To provide an overview of Fraud and Forensic Accounting, demonstrate accounting manipulations and highlight Fraud detection methods. Practical case studies will also be illustrated.
 

Programme Outline

 

  • What is Creative Accounting?
  • What is Fraudulent Financial Reporting? 
  • The differences between Creative Accounting and Fraudulent Financial Reporting
  • Investigating Fraudulent Financial Reporting
  • Ethical issues in Fraudulent Reporting

Creative accounting/fraudulent reporting schemes:

  • Cookie Jar Reserve
  • Round tripping
  • Off balance sheet
  • Channel stuffing
  • Expense capitalisation
  • Fictitious sales
  • Early Revenue Recognition
  • Issues arising from Fair Value Accounting 
  • Reducing Risk of Fraudulent Reporting
  • Consequences of fraudulent financial reporting

Case studies of creative accounting/ fraudulent reporting in practice:

  • EC International
  • NEL
  • Olympus 
  • Accord Customer Care Solutions
  • Informatics

Training Methodology

Lecture style, with case studies for discussion, Quiz / Knowledge Check

Closing Date for Registration

1 week before programme or until full enrolment

Intended For

An Intermediate level programme intended for both Practising and Non-Practising Accountants and Auditors. Professionals who may have the chance to come across fraudulent reporting in their work are welcome to attend. CFOs, Internal Auditors, Finance Managers, Risk Managers and Department Supervisors who would like understand about the ethical issues surrounding fraud and forensic accounting are welcome to attend.

Competency Mapping

Category 2 = 7.00 Hours

Schedule & Fees

Date & Time

13 Mar 2020 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 329.56
For Non-Members: $ 398.04

Programme Facilitator(s)

Daniel Chee

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

24 Jun 2020 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 329.56
For Non-Members: $ 398.04

Programme Facilitator(s)

Daniel Chee

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

14 Aug 2020 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 329.56
For Non-Members: $ 398.04

Programme Facilitator(s)

Daniel Chee

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

16 Oct 2020 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 329.56
For Non-Members: $ 398.04

Programme Facilitator(s)

Daniel Chee

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

02 Dec 2020 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 329.56
For Non-Members: $ 398.04

Programme Facilitator(s)

Daniel Chee

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

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

Registration is closed

Programme Facilitator(s)

Daniel Chee

Date & Time

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

Registration is closed

Programme Facilitator(s)

Daniel Chee

Date & Time

03 Sep 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Daniel Chee

Testimonial

Funding

1] SkillsFuture Credit (SFC)
Funding Period: Until 29 June 2020
Course Ref No.: CRS-N-0035499

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 29 June 2020
Funded Hours: 7 hours
Course Ref No.: CRS-N-0035499

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).

 

3] NTUC Union Training Assistance Programme (UTAP)
UTAP (Union Training Assistance Programme) is an individual skills upgrading account for NTUC members. NTUC member gets to enjoy UTAP funding 50% of the unfunded course fee capped at $250 every year. This excludes miscellaneous fees such as GST and registration fee etc.
 
This course is approved for UTAP support for intakes conducted between 01 April 2019 – 31 March 2020.
 
As UTAP is given on calendar year basis, and calculated based on year of training taken, it cannot be accumulated.

  • Maintained paid-up NTUC membership before course, throughout course duration and at the point of claim and;
  • Course by training provider must be supported under UTAP and training must commence within the supported period and;
  • Unfunded course fee must not be fully sponsored by company or other types of funding
  • Unfunded course fee must be S$20.00 and above, and;
  • Member must achieve a minimum of 75% attendance for each application and sat for all prescribed examination(s), if any and;
  • UTAP application must be made within 6 months after course ends.


To submit for UTAP claims, please visit http://skillsupgrade.ntuc.org.sg/. Terms and conditions apply.
Should you have queries on the funding scheme, you can email to UTAP@e2i.com.sg or call NTUC Membership Hotline at 6213-8008

 

Programme Facilitator(s)


Daniel Chee
FCPA Singapore

 
Daniel holds an Honours degree in Accountancy from the National University of Singapore and is a Certified Information Systems Auditor (CISA). He has more than 13 years of experience in the accounting profession, having worked for one of the Big 4 accounting firms both in Singapore and in the United Kingdom. He has also more than 5 years of senior management experience with multi-national corporations, managing their operations in Singapore and Asia.
 
Daniel has served as an adjunct Associate Professor in the department of accounting at the National University of Singapore (NUS).
 
Mr Chee was formerly a committee member of both the IT Committee and the Examination Committee of ISCA, and was also a committee member of the Disciplinary Sub-Committee of Accounting and Corporate Regulatory Authority (ACRA).

Programme Objective

To provide an overview of Fraud and Forensic Accounting, demonstrate accounting manipulations and highlight Fraud detection methods. Practical case studies will also be illustrated.
 

Programme Outline

 

  • What is Creative Accounting?
  • What is Fraudulent Financial Reporting? 
  • The differences between Creative Accounting and Fraudulent Financial Reporting
  • Investigating Fraudulent Financial Reporting
  • Ethical issues in Fraudulent Reporting

Creative accounting/fraudulent reporting schemes:

  • Cookie Jar Reserve
  • Round tripping
  • Off balance sheet
  • Channel stuffing
  • Expense capitalisation
  • Fictitious sales
  • Early Revenue Recognition
  • Issues arising from Fair Value Accounting 
  • Reducing Risk of Fraudulent Reporting
  • Consequences of fraudulent financial reporting

Case studies of creative accounting/ fraudulent reporting in practice:

  • EC International
  • NEL
  • Olympus 
  • Accord Customer Care Solutions
  • Informatics

Training Methodology

Lecture style, with case studies for discussion, Quiz / Knowledge Check

Closing Date for Registration

1 week before programme or until full enrolment

Intended For

An Intermediate level programme intended for both Practising and Non-Practising Accountants and Auditors. Professionals who may have the chance to come across fraudulent reporting in their work are welcome to attend. CFOs, Internal Auditors, Finance Managers, Risk Managers and Department Supervisors who would like understand about the ethical issues surrounding fraud and forensic accounting are welcome to attend.

Competency Mapping

Category 2 = 7.00 Hours

Programme Facilitator(s)

Daniel Chee
FCPA Singapore

 
Daniel holds an Honours degree in Accountancy from the National University of Singapore and is a Certified Information Systems Auditor (CISA). He has more than 13 years of experience in the accounting profession, having worked for one of the Big 4 accounting firms both in Singapore and in the United Kingdom. He has also more than 5 years of senior management experience with multi-national corporations, managing their operations in Singapore and Asia.
 
Daniel has served as an adjunct Associate Professor in the department of accounting at the National University of Singapore (NUS).
 
Mr Chee was formerly a committee member of both the IT Committee and the Examination Committee of ISCA, and was also a committee member of the Disciplinary Sub-Committee of Accounting and Corporate Regulatory Authority (ACRA).

Upcoming Schedule

Date & Time

13 Mar 2020 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 329.56
For Non-Members: $ 398.04

Programme Facilitator(s)

Daniel Chee

Venue

60 Cecil Street
ISCA House
Singapore 049709