Course Detail(IA006 : How External Auditors can Work Efficiently with Internal Auditors)

IA006 : How External Auditors can Work Efficiently with Internal Auditors

7.00 CPE Hours (Others)
Classroom


Programme Objective

This 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.

Programme Outline

  • 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 reports
  • Independence and objectivity of internal audit function
  • Technical competence of internal auditors
  • Systematic and disciplined approach including quality control
  • Adequacy of audit scope
  • Period of audit scope
  • Quality and timing of audit deliverables
  • Practical implementation – winning the support and commitment of audit committee and management
  • Planning meetings with internal audit departments
  • Coordinating visits to branches
  • Observations of inventories
  • Fine-tuning future plans and work

Training Methodology
Lecture style, with Exercises/Case Studies
 
Closing Date for Registration
1 week before programme or until full enrolment

Intended For

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

Competency Mapping

Others = 7.00 Hours

Schedule & Fees

Date & Time

22 Sep 2016 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Aloysius Cheang

Date & Time

11 Nov 2015 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Chris Ong

Testimonial

Funding

No funding Available!

Programme Facilitator(s)


Chris Ong
FCA (UK), CA (S’pore), CIA, MBA, BSc(Hons), MSID

Chris 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.
 


Aloysius Cheang
FCCA, CA (S), CA (M), ATA (Income Tax &GST), Master of Taxation (Distinction)

 
Aloysius started his accountancy career as an auditor with Deloitte. He has over 35 years of extensive Controllership and CFO experience in Finance and Accounting in broad based industries (High Tech Electronics Manufacturing, Professional Healthcare, Plantation and Petrochemical) and multinational companies in APAC.  His work experience covers Malaysia, Thailand, Singapore, Indonesia, China, Hong Kong, Japan, Taiwan, UK and US.
 
His professional qualifications include FCCA, CA (S), CA (M), ATA (Income Tax &GST) and a Master of Taxation (Distinction) from SIM University.
 
His areas of expertise cover financial and management accounting, financial management, commercial and operations finance, corporate governance, internal audit and controls, restructuring and reorganisation, business planning and performance, project development, start-ups, business cessation, international tax planning, M&A due diligence and post acquisition integration.
 
He is currently a trainer and a management consultant. He trains aspiring professionals on finance, accounting, taxation and business management. He is also a workshop facilitator for ISCA Qualification Programme. 


Programme Objective

This 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.

Programme Outline

  • 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 reports
  • Independence and objectivity of internal audit function
  • Technical competence of internal auditors
  • Systematic and disciplined approach including quality control
  • Adequacy of audit scope
  • Period of audit scope
  • Quality and timing of audit deliverables
  • Practical implementation – winning the support and commitment of audit committee and management
  • Planning meetings with internal audit departments
  • Coordinating visits to branches
  • Observations of inventories
  • Fine-tuning future plans and work

Training Methodology
Lecture style, with Exercises/Case Studies
 
Closing Date for Registration
1 week before programme or until full enrolment

Intended For

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

Competency Mapping

Others = 7.00 Hours

Programme Facilitator(s)

Chris Ong
FCA (UK), CA (S’pore), CIA, MBA, BSc(Hons), MSID

Chris 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.
 

Aloysius Cheang
FCCA, CA (S), CA (M), ATA (Income Tax &GST), Master of Taxation (Distinction)

 
Aloysius started his accountancy career as an auditor with Deloitte. He has over 35 years of extensive Controllership and CFO experience in Finance and Accounting in broad based industries (High Tech Electronics Manufacturing, Professional Healthcare, Plantation and Petrochemical) and multinational companies in APAC.  His work experience covers Malaysia, Thailand, Singapore, Indonesia, China, Hong Kong, Japan, Taiwan, UK and US.
 
His professional qualifications include FCCA, CA (S), CA (M), ATA (Income Tax &GST) and a Master of Taxation (Distinction) from SIM University.
 
His areas of expertise cover financial and management accounting, financial management, commercial and operations finance, corporate governance, internal audit and controls, restructuring and reorganisation, business planning and performance, project development, start-ups, business cessation, international tax planning, M&A due diligence and post acquisition integration.
 
He is currently a trainer and a management consultant. He trains aspiring professionals on finance, accounting, taxation and business management. He is also a workshop facilitator for ISCA Qualification Programme. 

Upcoming Schedule

Registration is closed

Date & Time

22 Sep 2016 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

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

Programme Facilitator(s)

Aloysius Cheang

Venue

60 Cecil Street
ISCA House
Singapore 049709