Programme ObjectiveThis training will enable better understanding by external auditors of the work performed by internal auditors and whether the work performed in the internal audit may or may not be relied upon to avoid and minimise duplication of work resulting in savings of work and costs.The seminar will look critically into the practical ways to assess whether the external auditors may depend on the work performed by internal auditors and how this can be planned, coordinated and executed with the support of the client’s management and audit committees where clients are listed companies.
Professional statements on reliance on internal auditors’ work : SSA 610, US SOX AS 5, UK SAS 500 and other related comparative statements External auditors and internal auditors – same pen but different reportsIndependence and objectivity of internal audit functionTechnical competence of internal auditorsSystematic and disciplined approach including quality controlAdequacy of audit scopePeriod of audit scopeQuality and timing of audit deliverablesPractical implementation – winning the support and commitment of audit committee and managementPlanning meetings with internal audit departmentsCoordinating visits to branchesObservations of inventoriesFine-tuning future plans and work Training MethodologyLecture style, with Exercises/Case Studies Closing Date for Registration1 week before programme or until full enrolment
An Advanced Level programme, intended for external auditors to evaluate whether to rely on internal auditors; work and how to implement it in practice; internal auditors who are working with the external auditors; CFOs; senior finance professionals, and audit committee members who coordinate the work between external and internal auditors
Others = 7.00 Hours
22 Sep 2016 (9:00 AM - 5:00 PM)
Registration is closed
11 Nov 2015 (9:00 AM - 5:00 PM)
Chris OngFCA (UK), CA (S’pore), CIA, MBA, BSc(Hons), MSIDChris Ong is currently a Principal Management Consultant. Chris has over 30 years professional as well as commercial experience. He started with external auditing in the manufacturing and financial services sectors with an international accounting firm in London. Upon qualifying as a chartered accountant, Chris returned to Singapore and worked in international tax planning and compliance with an oil and gas conglomerate. Chris went on to head major internal audit divisions in diverse industries including media and entertainment; real estate and hospitality; banking and financial services, supply chain management, shipping and natural resources. Chris was the managing partner for enterprise risk services at a big four firm in Beijing and chaired the risk management committee for Northern China for three years. Due to the international exposure, Chris has benefitted and gained good experience in governance, risk and compliance fields. Over the years, Chris has advised a number of companies in China, Indonesia, Singapore, and the UK.Academically, Chris has a B.Sc (honours) in Accounting and Information Technology from Leeds University and an MBA from the University of Dubuque. He is a Fellow Chartered Accountant (England & Wales); Chartered Accountant (Singapore); and a Certified Internal Auditor. He has been invited to speak at regional forums and conferences. Chris has been interviewed by leading publications in Singapore and China. Chris is passionate about sharing his experiences in both speaking and training and hopes very much to contribute to the community and help coach the future professional leaders.
For Members: $ 329.56 For Non-Members: $ 398.04
60 Cecil StreetISCA HouseSingapore 049709
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