Course Detail(IA017 : Internal Audit of Inventory Management Cycle)

IA017 : Internal Audit of Inventory Management Cycle

3.50 CPE Hours (Others)
Classroom

Programme Objective

To provide professionals with guidance and practical approach to the internal audit of Inventory Management process cycle; and to provide practical ways to improve the management of inventories.

Programme Outline

  • Identify key components in Inventory Management process cycle
  • Discuss the various types of inventories of an organization
  • Discuss the key risks and associated internal controls in the Inventory Management process cycle
  • Establish an overview of the Inventory Management operational process and its significance within an organization
  • Plan and approach to the review on the policies/ procedures and reporting requirements of the Inventory Management process, including raw materials/WIP, costing, storage and security policies, and inventory count, delivery and back office operational procedures
  • Discuss common lapses found in the Inventory Management process
  • Reporting on findings and suggesting practical improvement on Inventory Management process
  • Effective ways to streamline and/or improve the operational process and strengthen the internal controls of Inventory Management process

Training Methodology

Lecture style, with Exercises/Case Studies

Closing Date for Registration

1 week before programme or until full enrolment

Intended For

A Foundation to Intermediate level programme intended for both Practising and Non-Practising Accountants and Auditors. For internal auditors who want to adopt a comprehensive approach in the internal audit of Inventory Management process; and for others who are interested in improving the management of inventories, and/or internal audit and internal controls review of Inventory Management process.

Competency Mapping

Others = 3.50 Hours

Schedule & Fees

Date & Time

14 Sep 2017 (9:00 AM - 12:30 PM)

Registration is closed

Programme Facilitator(s)

Ian Ng

Date & Time

23 Aug 2016 (2:00 PM - 5:30 PM)

Registration is closed

Programme Facilitator(s)

Christopher Go

Date & Time

15 Sep 2015 (2:00 PM - 5:30 PM)

Registration is closed

Programme Facilitator(s)

Christopher Go

Testimonial

Funding

No funding Available!

Programme Facilitator(s)


Christopher Go
FCCA (UK), CIA, CPA (S’pore), M.S.I.D., B.BA, PGrad. Dip. in Mktg (CIM UK)


Christopher is the Executive Director of a professional firm specializing in internal audit, corporate governance and risk management. He is a Certified Internal Auditor with the Institute of Internal Auditors and is an accredited assessor by the Institute in Internal Quality Assessment/Validation. He holds a Bachelor in Business Administration from Ottawa University. He is a Fellow with the Association of Chartered Certified Accountants.

Christopher has more than 13 years of internal auditing experience. He specializes in internal audit, corporate governance and risk management. Having worked in large SGX-listed companies and established public accounting firms, including Head of internal audit & risk management divisions, he has vast experience in setting up internal audit functions, internal controls and corporate governance reviews, enterprise risk management and fraud investigations. Other experiences include IT auditing, risk assessment, control self-assessment, setting up quality management system, SOP documentation and ISO 9001 implementation. Christopher also regularly provides trainings in related topics.

Christopher is a member of the executive committee of ACCA Singapore and a committee member of the Singapore Institute of Directors.

 

Ian Ng
PMC, PMP, CBCP, CISA
MB(InfoTech), B.A(Hons) in Accounting & Finance


Ian is the founder and director of a management consulting firm specialising in risk management, project management, business continuity & crisis preparedness, productivity improvement consultancy and training.  He has over 20 years of internal auditing, consulting, corporate governance, change management and training experiences. Having worked in financial institutions, big-4 auditing firm, SGX-listed company and GLCs, he has vast experiences in helping corporations to develop strategy to drive enterprise change initiatives or programme. Ian was previously the head of PMO in Jurong Port, responsible for cross-functional business transformation and port extension projects. During his tenure at JP, he was appointed as Corporate Risk Manager and had successfully implemented series of management initiatives, such as enterprise risk management, business continuity management, information security, port security and safety & health initiatives.

Ian is a regional & experienced facilitator with cross-cultural training exposure, as he has trained hundreds of IT, engineering professionals, senior management, business & operational managers from ASEAN, Asia Pacific, Middle East, Africa, Europe & North America countries.  He had been previously engaged by several international training providers, Brunei Government and professional associations to deliver ERM, IT auditing, PMP and BCM professional certifications and other non-certification courses. He is currently engaged by professional bodies to deliver risk-based auditing, IT auditing and Lean Six-Sigma in auditing.

He is currently a certified Practising Management Consultant (SPRING-accredited), certified Project Management Professional (PMP), certified Business Continuity Professional (CBCP) and certified Information Systems Auditor (CISA). He holds a Honours degree in Accounting & Finance from Lancaster University, UK and Master of Business InfoTech from Curtin University of Technology, Australia.

Programme Objective

To provide professionals with guidance and practical approach to the internal audit of Inventory Management process cycle; and to provide practical ways to improve the management of inventories.

Programme Outline

  • Identify key components in Inventory Management process cycle
  • Discuss the various types of inventories of an organization
  • Discuss the key risks and associated internal controls in the Inventory Management process cycle
  • Establish an overview of the Inventory Management operational process and its significance within an organization
  • Plan and approach to the review on the policies/ procedures and reporting requirements of the Inventory Management process, including raw materials/WIP, costing, storage and security policies, and inventory count, delivery and back office operational procedures
  • Discuss common lapses found in the Inventory Management process
  • Reporting on findings and suggesting practical improvement on Inventory Management process
  • Effective ways to streamline and/or improve the operational process and strengthen the internal controls of Inventory Management process

Training Methodology

Lecture style, with Exercises/Case Studies

Closing Date for Registration

1 week before programme or until full enrolment

Intended For

A Foundation to Intermediate level programme intended for both Practising and Non-Practising Accountants and Auditors. For internal auditors who want to adopt a comprehensive approach in the internal audit of Inventory Management process; and for others who are interested in improving the management of inventories, and/or internal audit and internal controls review of Inventory Management process.

Competency Mapping

Others = 3.50 Hours

Programme Facilitator(s)

Christopher Go
FCCA (UK), CIA, CPA (S’pore), M.S.I.D., B.BA, PGrad. Dip. in Mktg (CIM UK)


Christopher is the Executive Director of a professional firm specializing in internal audit, corporate governance and risk management. He is a Certified Internal Auditor with the Institute of Internal Auditors and is an accredited assessor by the Institute in Internal Quality Assessment/Validation. He holds a Bachelor in Business Administration from Ottawa University. He is a Fellow with the Association of Chartered Certified Accountants.

Christopher has more than 13 years of internal auditing experience. He specializes in internal audit, corporate governance and risk management. Having worked in large SGX-listed companies and established public accounting firms, including Head of internal audit & risk management divisions, he has vast experience in setting up internal audit functions, internal controls and corporate governance reviews, enterprise risk management and fraud investigations. Other experiences include IT auditing, risk assessment, control self-assessment, setting up quality management system, SOP documentation and ISO 9001 implementation. Christopher also regularly provides trainings in related topics.

Christopher is a member of the executive committee of ACCA Singapore and a committee member of the Singapore Institute of Directors.

 

Ian Ng
PMC, PMP, CBCP, CISA
MB(InfoTech), B.A(Hons) in Accounting & Finance


Ian is the founder and director of a management consulting firm specialising in risk management, project management, business continuity & crisis preparedness, productivity improvement consultancy and training.  He has over 20 years of internal auditing, consulting, corporate governance, change management and training experiences. Having worked in financial institutions, big-4 auditing firm, SGX-listed company and GLCs, he has vast experiences in helping corporations to develop strategy to drive enterprise change initiatives or programme. Ian was previously the head of PMO in Jurong Port, responsible for cross-functional business transformation and port extension projects. During his tenure at JP, he was appointed as Corporate Risk Manager and had successfully implemented series of management initiatives, such as enterprise risk management, business continuity management, information security, port security and safety & health initiatives.

Ian is a regional & experienced facilitator with cross-cultural training exposure, as he has trained hundreds of IT, engineering professionals, senior management, business & operational managers from ASEAN, Asia Pacific, Middle East, Africa, Europe & North America countries.  He had been previously engaged by several international training providers, Brunei Government and professional associations to deliver ERM, IT auditing, PMP and BCM professional certifications and other non-certification courses. He is currently engaged by professional bodies to deliver risk-based auditing, IT auditing and Lean Six-Sigma in auditing.

He is currently a certified Practising Management Consultant (SPRING-accredited), certified Project Management Professional (PMP), certified Business Continuity Professional (CBCP) and certified Information Systems Auditor (CISA). He holds a Honours degree in Accounting & Finance from Lancaster University, UK and Master of Business InfoTech from Curtin University of Technology, Australia.


Upcoming Schedule

Registration is closed

Date & Time

14 Sep 2017 (9:00 AM - 12:30 PM)

Fee (inclusive of GST)

For Members: $ 199.02
For Non-Members: $ 237.54

Programme Facilitator(s)

Ian Ng

Venue

60 Cecil Street
ISCA House
Singapore 049709