Course Detail(IA007 : Transforming the Internal Audit function to be future ready)

IA007 : Transforming the Internal Audit function to be future ready

7.00 CPE Hours (Others)
Classroom

Programme Objective

This one day training will equip the aspiring and current Chief Internal Auditors to be familiar and updated with their roles and responsibilities in the extremely demanding environment they face in today’s turbulent and ever- changing world.

The seminar will look at the current corporate governance requirements especially in the context of Singapore, the professional standards stipulated by the Institute of Internal Auditors, the corporate culture and the stakeholders’ expectations with the resulting impacts on the chief internal auditors.

Programme Outline

  • Current legislative requirements on internal audit eg Companies Act Section 201(B), Revised Corporate Governance Code on risk management and internal controls (Principle 11) and internal audit (Principle 13)
  • International landscape in UK, USA, and South Africa
  • Independent role and free of conflict of interest
  • Organisation structure, CIA standing and reporting
  • Direct reporting to Audit Committee and Administrative reporting to CEO
  • Major responsibilities relating to risk management and internal controls
  • Authority, Scope, Responsibility, Resources, Budget, Reporting as in Audit Committee Charter
  • Third Line of Defense embracing three Cs
  • Outstanding leadership
  • Strategic traits and the big picture
  • Business partnership
  • Grooming future leaders
  • Building a strong and cohesive team
  • Succession planning

 

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 senior internal audit professionals who would like to acquire the necessary knowledge, skills, and process for leading and running a high value-added internal audit department and strengthening the corporate governance processes in a company. This course is also useful for human resource professionals involved in recruiting chief internal auditors, CFOs, and audit committee members to work effectively with heads of internal audit departments

Competency Mapping

Others = 7.00 Hours

Schedule & Fees

Date & Time

13 Sep 2018 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Chris Ong

Date & Time

13 Sep 2017 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Aloysius Cheang

Date & Time

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

Registration is closed

Programme Facilitator(s)

Aloysius Cheang

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 one day training will equip the aspiring and current Chief Internal Auditors to be familiar and updated with their roles and responsibilities in the extremely demanding environment they face in today’s turbulent and ever- changing world.

The seminar will look at the current corporate governance requirements especially in the context of Singapore, the professional standards stipulated by the Institute of Internal Auditors, the corporate culture and the stakeholders’ expectations with the resulting impacts on the chief internal auditors.

Programme Outline

  • Current legislative requirements on internal audit eg Companies Act Section 201(B), Revised Corporate Governance Code on risk management and internal controls (Principle 11) and internal audit (Principle 13)
  • International landscape in UK, USA, and South Africa
  • Independent role and free of conflict of interest
  • Organisation structure, CIA standing and reporting
  • Direct reporting to Audit Committee and Administrative reporting to CEO
  • Major responsibilities relating to risk management and internal controls
  • Authority, Scope, Responsibility, Resources, Budget, Reporting as in Audit Committee Charter
  • Third Line of Defense embracing three Cs
  • Outstanding leadership
  • Strategic traits and the big picture
  • Business partnership
  • Grooming future leaders
  • Building a strong and cohesive team
  • Succession planning

 

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 senior internal audit professionals who would like to acquire the necessary knowledge, skills, and process for leading and running a high value-added internal audit department and strengthening the corporate governance processes in a company. This course is also useful for human resource professionals involved in recruiting chief internal auditors, CFOs, and audit committee members to work effectively with heads of internal audit departments

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

13 Sep 2018 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

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

Programme Facilitator(s)

Chris Ong

Venue

60 Cecil Street
ISCA House
Singapore 049709