Course Detail(E126 : Ethics & Professionalism: Case Studies For Accountants & Auditors)

E126 : Ethics & Professionalism: Case Studies For Accountants & Auditors

7.00 CPE Hours (Category 2)
Classroom

Programme Objective

Whenever there are discussions about auditing, it may revolve around the financial status of companies such as Sunbeam Products, Waste Management,  and the Baptist Foundation of Arizona, Fannie Mae, WorldCom, Pan Electric as well as the infamous Enron case, among others.

This course will facilitate our thought process in the performance of our professional responsibilities, be it risk management, financial management, internal or external audits. It will also enable us to get a better understanding of the corporate failures that happened round the globe.  It will provide a background understanding as to why there are so many changes in the financial reporting standards, and the clarity projects in the re-writing of all the auditing standards. It also enable us to appreciate why the regulatory authorities worldwide are implementing more interactive programmes to ensure that every one responsible for the financial reporting of public interested enterprise follows strictly the rules and regulations and standards.

This course will complement other courses on Ethics which are principles based and it will focus on the broad principles of Ethics and Frauds:

  1. Incentives to Commit Fraud;
  2. Opportunity to Commit Fraud;
  3. Rationalisation For The Fraud.

Programme Outline

We shall be looking at some of the infamous cases that have corporate failures, as well as professional ethical decisions which affect our every day work as a professional accountant.  You will get a glimpse of such cases as Pan Electric, Crazy Eddie, Just For Feet, Waste Management, Bernard L. Madoff - Madoff Investment Securities, The Baptist Foundation Of Arizona, American International Group, Inc., Worldcom. In order to have a better understanding and retention, every participant will be given notes summarising each case.

Have you thought about the expectation gaps of investors and the general public? Have you also been faced with a decision to take any dishonest truth of a client management personnel who has been kind to you? What about when your firm you have been working with for many years, decided not to make you a partner or leader? You will learn to associate one word which summarises all these cases.

Training Methodology

Lecture style with case studies and interactive discussions

Closing Date for Registration

1 week before programme or until full enrolment

Intended For

This Intermediate level programme is intended for Accounting, Audit, Finance and Tax professionals who are involved in decision making, governance, oversight, implementation or managing/planning in their organisations.

Competency Mapping

Category 2 = 7.00 Hours

Schedule & Fees

Date & Time

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

Limited Seats

Fee (inclusive of GST)

For Members: $ 345.61
For Non-Members: $ 415.16

Programme Facilitator(s)

Yeo Ek Khuan

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

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

Fee (inclusive of GST)

For Members: $ 345.61
For Non-Members: $ 415.16

Programme Facilitator(s)

Yeo Ek Khuan

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

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

Fee (inclusive of GST)

For Members: $ 345.61
For Non-Members: $ 415.16

Programme Facilitator(s)

Yeo Ek Khuan

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

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

Fee (inclusive of GST)

For Members: $ 345.61
For Non-Members: $ 415.16

Programme Facilitator(s)

Yeo Ek Khuan

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

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

Registration is closed

Programme Facilitator(s)

Yeo Ek Khuan

Date & Time

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

Registration is closed

Programme Facilitator(s)

Yeo Ek Khuan

Date & Time

27 Dec 2018 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Yeo Ek Khuan

Testimonial

Funding

No funding Available!

Programme Facilitator(s)


Mr Yeo Ek Khuan

Ek Khuan is a Fellow Member of the Institute of Chartered Accountants of Australia and a Fellow Member of the Institute of Singapore Chartered Accountants. He has more than 30 years of experience with international auditing firms before joining BDO LLP in 2001. He retired as a senior Partner from BDO LLP in 2013.Ek Khuan has extensive experience providing services to multinational, listed local companies and small and medium enterprises. They span over a spectrum of industries from financial and professional services to construction, electronics, retail and manufacturing.

Ek Khuan was the chairman of Grant Thornton Asia Pacific Auditing and Accounting Committee from 1986 to 1990. He was a member of ISCA's Auditing Practices Committee from 1978 to 2002. He had also served as a committee member of the Financial Statements Review Committee, the Financial Reporting Standards Committee and the Structured Practical Audit Training Committee. Besides his involvement in ISCA’s committees, he also served as a panel member of the Public Accountants Board of Inquiry Committee and Membership Committee. He is currently a member of the Disciplinary Committee of the Accounting and Corporate Regulatory Authority (ACRA). He is also appointed as a member of the Singapore Accounting Standards Council (ASC). Ek Khuan is also active in the Association of Small and Medium Size Enterprises (ASME), Singapore. He is currently the Honorary Treasurer of ASME, and he has served as a First vice-President, Second Vice-President and Council member of ASME. He is currently representing the ASME on the Tax Feedback Group within the Inland Revenue Authority of Singapore.

Ek Khuan had served as the Honorary Treasurer and as a Board member of the Singapore National Heart Foundation. He is currently a member of the Chinese Development Assistance Council Finance Committee and also a member of the Audit Committee of the St. Luke's Hospital and Eldercare. In recognition of Ek Khuan's dedicated and significant service to the accountancy profession and the community, he was awarded the ICPAS Merit Award in 1999, and was then awarded the ICPAS Silver Medal Award in 2008.
 

Programme Objective

Whenever there are discussions about auditing, it may revolve around the financial status of companies such as Sunbeam Products, Waste Management,  and the Baptist Foundation of Arizona, Fannie Mae, WorldCom, Pan Electric as well as the infamous Enron case, among others.

This course will facilitate our thought process in the performance of our professional responsibilities, be it risk management, financial management, internal or external audits. It will also enable us to get a better understanding of the corporate failures that happened round the globe.  It will provide a background understanding as to why there are so many changes in the financial reporting standards, and the clarity projects in the re-writing of all the auditing standards. It also enable us to appreciate why the regulatory authorities worldwide are implementing more interactive programmes to ensure that every one responsible for the financial reporting of public interested enterprise follows strictly the rules and regulations and standards.

This course will complement other courses on Ethics which are principles based and it will focus on the broad principles of Ethics and Frauds:

  1. Incentives to Commit Fraud;
  2. Opportunity to Commit Fraud;
  3. Rationalisation For The Fraud.

Programme Outline

We shall be looking at some of the infamous cases that have corporate failures, as well as professional ethical decisions which affect our every day work as a professional accountant.  You will get a glimpse of such cases as Pan Electric, Crazy Eddie, Just For Feet, Waste Management, Bernard L. Madoff - Madoff Investment Securities, The Baptist Foundation Of Arizona, American International Group, Inc., Worldcom. In order to have a better understanding and retention, every participant will be given notes summarising each case.

Have you thought about the expectation gaps of investors and the general public? Have you also been faced with a decision to take any dishonest truth of a client management personnel who has been kind to you? What about when your firm you have been working with for many years, decided not to make you a partner or leader? You will learn to associate one word which summarises all these cases.

Training Methodology

Lecture style with case studies and interactive discussions

Closing Date for Registration

1 week before programme or until full enrolment

Intended For

This Intermediate level programme is intended for Accounting, Audit, Finance and Tax professionals who are involved in decision making, governance, oversight, implementation or managing/planning in their organisations.

Competency Mapping

Category 2 = 7.00 Hours

Programme Facilitator(s)

Mr Yeo Ek Khuan

Ek Khuan is a Fellow Member of the Institute of Chartered Accountants of Australia and a Fellow Member of the Institute of Singapore Chartered Accountants. He has more than 30 years of experience with international auditing firms before joining BDO LLP in 2001. He retired as a senior Partner from BDO LLP in 2013.Ek Khuan has extensive experience providing services to multinational, listed local companies and small and medium enterprises. They span over a spectrum of industries from financial and professional services to construction, electronics, retail and manufacturing.

Ek Khuan was the chairman of Grant Thornton Asia Pacific Auditing and Accounting Committee from 1986 to 1990. He was a member of ISCA's Auditing Practices Committee from 1978 to 2002. He had also served as a committee member of the Financial Statements Review Committee, the Financial Reporting Standards Committee and the Structured Practical Audit Training Committee. Besides his involvement in ISCA’s committees, he also served as a panel member of the Public Accountants Board of Inquiry Committee and Membership Committee. He is currently a member of the Disciplinary Committee of the Accounting and Corporate Regulatory Authority (ACRA). He is also appointed as a member of the Singapore Accounting Standards Council (ASC). Ek Khuan is also active in the Association of Small and Medium Size Enterprises (ASME), Singapore. He is currently the Honorary Treasurer of ASME, and he has served as a First vice-President, Second Vice-President and Council member of ASME. He is currently representing the ASME on the Tax Feedback Group within the Inland Revenue Authority of Singapore.

Ek Khuan had served as the Honorary Treasurer and as a Board member of the Singapore National Heart Foundation. He is currently a member of the Chinese Development Assistance Council Finance Committee and also a member of the Audit Committee of the St. Luke's Hospital and Eldercare. In recognition of Ek Khuan's dedicated and significant service to the accountancy profession and the community, he was awarded the ICPAS Merit Award in 1999, and was then awarded the ICPAS Silver Medal Award in 2008.
 

Upcoming Schedule

Limited Seats

Date & Time

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

Fee (inclusive of GST)

For Members: $ 345.61
For Non-Members: $ 415.16

Programme Facilitator(s)

Yeo Ek Khuan

Venue

60 Cecil Street
ISCA House
Singapore 049709