Course Detail(IA024 : Contemporary Challenges and Updates for Audit Committees)

IA024 : Contemporary Challenges and Updates for Audit Committees

3.50 CPE Hours (Others)
Classroom

Programme Objective

Against the increasingly complex industry and regulatory environment, there is heightened pressure on Audit Committees to be vigilant in monitoring the governance and oversight of companies. First issued in October 2008, a second edition of the Guidebook for Audit Committees in Singapore was issued in August 2014 to provide a practical guidance for Audit Committees in Singapore. What does this mean for Audit Committees who are instrumental in ensuring that good internal controls and risk management systems are established and delivering sound financial reporting? 
 
Audit Committees rely on internal audit professionals to provide critical insights into the risk and control environment. How do these increasing demands for better oversight of risk management and internal controls impact the roles and responsibilities of Chief Audit Executives? Is the Internal Audit industry ready to fulfil their duties and obligations?
 
In this course, we will discuss the escalating expectations on the Audit Committees, Chief Audit Executives, and the transformations necessary to raise the value of the Internal Audit professionals towards meeting these expectations. 

Programme Outline

Overview of the Requirements
  • Discuss the key demands on Audit Committees and Senior Internal Audit professionals
Contemporary Challenges 
  • Highlight pertinent areas expected of Audit Committees
  • Review practical challenges in fulfilling key requirements
Transforming Internal Audit 
  • Examine the areas that require change 
  • Discuss practical ways on how these changes may be implemented 

Training Methodology

Highly interactive and dynamic workshop-style discussions that will engage participants through group sharing and focused activities

Closing Date for Registration

1 week before programme or until full enrolment

Intended For

This Intermediate to Advanced level programme is intended for Audit Committee (AC) members and senior Internal Audit professionals who are involved in assisting Audit Committees to discharge their responsibilities.  Internal audit professionals who want to understand the contemporary issues facing AC members, and the increasing demands for better oversight of risk management and internal controls expected of senior audit professionals will find this programme useful.

Competency Mapping

Others = 3.50 Hours

Schedule & Fees

Date & Time

12 Dec 2015 (9:00 AM - 12:30 PM)

Registration is closed

Programme Facilitator(s)

Melissa Aw Yong

Date & Time

24 Jul 2015 (9:00 AM - 12:30 PM)

Registration is closed

Programme Facilitator(s)

Melissa Aw Yong

Testimonial

Funding

No funding Available!

Programme Facilitator(s)


Melissa Aw Yong

Melissa Aw Yong is a Chartered Accountant of Singapore (ISCA). She is one of the Board of Governors of the Institute of Internal Auditors of Singapore. She served on the Board of the Singapore Chapter of the Association of Certified Fraud Examiners, where she was the President for 3 years. She gained valuable work experience in internal audit, risk management, compliance and fraud investigations with professional firms, multi-national corporations and government linked companies. Melissa obtained her Bachelor of Accountancy from Nanyang Technological University. She is also a Certified Internal Auditor (IIA), received a Certification in Control Self-Assessment (IIA), and a Certified Fraud Examiner (ACFE).

Programme Objective

Against the increasingly complex industry and regulatory environment, there is heightened pressure on Audit Committees to be vigilant in monitoring the governance and oversight of companies. First issued in October 2008, a second edition of the Guidebook for Audit Committees in Singapore was issued in August 2014 to provide a practical guidance for Audit Committees in Singapore. What does this mean for Audit Committees who are instrumental in ensuring that good internal controls and risk management systems are established and delivering sound financial reporting? 
 
Audit Committees rely on internal audit professionals to provide critical insights into the risk and control environment. How do these increasing demands for better oversight of risk management and internal controls impact the roles and responsibilities of Chief Audit Executives? Is the Internal Audit industry ready to fulfil their duties and obligations?
 
In this course, we will discuss the escalating expectations on the Audit Committees, Chief Audit Executives, and the transformations necessary to raise the value of the Internal Audit professionals towards meeting these expectations. 

Programme Outline

Overview of the Requirements
  • Discuss the key demands on Audit Committees and Senior Internal Audit professionals
Contemporary Challenges 
  • Highlight pertinent areas expected of Audit Committees
  • Review practical challenges in fulfilling key requirements
Transforming Internal Audit 
  • Examine the areas that require change 
  • Discuss practical ways on how these changes may be implemented 

Training Methodology

Highly interactive and dynamic workshop-style discussions that will engage participants through group sharing and focused activities

Closing Date for Registration

1 week before programme or until full enrolment

Intended For

This Intermediate to Advanced level programme is intended for Audit Committee (AC) members and senior Internal Audit professionals who are involved in assisting Audit Committees to discharge their responsibilities.  Internal audit professionals who want to understand the contemporary issues facing AC members, and the increasing demands for better oversight of risk management and internal controls expected of senior audit professionals will find this programme useful.

Competency Mapping

Others = 3.50 Hours

Programme Facilitator(s)

Melissa Aw Yong

Melissa Aw Yong is a Chartered Accountant of Singapore (ISCA). She is one of the Board of Governors of the Institute of Internal Auditors of Singapore. She served on the Board of the Singapore Chapter of the Association of Certified Fraud Examiners, where she was the President for 3 years. She gained valuable work experience in internal audit, risk management, compliance and fraud investigations with professional firms, multi-national corporations and government linked companies. Melissa obtained her Bachelor of Accountancy from Nanyang Technological University. She is also a Certified Internal Auditor (IIA), received a Certification in Control Self-Assessment (IIA), and a Certified Fraud Examiner (ACFE).


Upcoming Schedule

Registration is closed

Date & Time

12 Dec 2015 (9:00 AM - 12:30 PM)

Fee (inclusive of GST)

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

Programme Facilitator(s)

Melissa Aw Yong

Venue

60 Cecil Street
ISCA House
Singapore 049709