Course Detail(RM134v : Introducing Internal Controls to Manage Risks in the Business World (Live Webinar))

RM134v : Introducing Internal Controls to Manage Risks in the Business World (Live Webinar) NEW

7.00 CPE Hours (Others)
Live Webinar

Programme Objective

There is an ongoing proliferation of risk as business world becomes more uncertain, highly volatile and increasing complex. This may have been caused by many factors including the rapid changes of technological advancement, globalization and geopolitical fallout on global supply chain and changing regulations across geopolitical terrains.

Uncertainty and Change have become the new NORMAL. All these have intensified the challenge of managing business and elevated the importance of risk management.

This course will introduce you with knowledge on relevant risks and controls to build a strong control environment for your organisation as well as recognise the different effective control activities which you can implement for your business processes.

Programme Outline

This course introduces concepts of internal control to people involved in day-to-day business operations and focuses on the practical application of internal control to manage business risks.
 

We will cover the following areas in the course:

  • Recognize the importance of internal controls
  • Understand principles of internal control
  • Identify the 5 components of internal control in COSO framework
  • Discover the components of an effective control environment 
  • Determine the design and operating effectiveness of existing internal control practices 
  • Learn the key control activities for the following transaction cycles:
    • Revenue and receipts
    • Procurement and payment
    • Fixed assets and inventory
    • Payroll and staff claims
       

Training Methodology

Lecture style, with practical illustrations involving case scenarios, real life cases and interactive polls

Closing Date for Registration

1 week before programme or until full enrolment

Intended For

This introductory course on internal controls and risk management is suitable for business leads, non-finance professionals and all those involved in day-to-day business operations. Accounting qualification and knowledge is not a pre-requisite.

Competency Mapping

Others = 7.00 Hours

Schedule & Fees

Date & Time

17 Feb 2023 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 332.64
For Non-Members: $ 399.60

Programme Facilitator(s)

Mr Ho Tuck Chuen

Venue

Live Webinar in or outside of
Singapore

Testimonial

Funding

No funding Available!

Programme Facilitator(s)


Mr Ho Tuck Chuen
 
Associate Professor (Adjunct), NUS Business School
Fellow Member of Institute of Singapore Chartered Accountants
Fellow Member of Certified Public Accountants Australia
Fellow Member of Association of Chartered Certified Accountants (UK)
Member of Institute of Chartered Accountants Australia & New Zealand
 
Mr Ho is a Chartered Accountant with more than 40 years of extensive and varied financial experience in diverse industries ranging from Big Four accounting firms, Healthcare, REITs, Real Estate, Electronics, Pharmaceutical, Software, and from Multi-National Corporations to companies listed on US and Singapore Stock Exchange to Singapore Public Sector.
 
His extensive experience includes external and internal audit, forensic accounting and investigation, expert witness in High Court, investment, financial planning and management, corporate governance, risk management and CFO functions.
 
He has held C-suite positions in many companies in both private and public sectors and now sits on Audit Committees of companies. He also lectures in the Institute of Higher Learning.

Programme Objective

There is an ongoing proliferation of risk as business world becomes more uncertain, highly volatile and increasing complex. This may have been caused by many factors including the rapid changes of technological advancement, globalization and geopolitical fallout on global supply chain and changing regulations across geopolitical terrains.

Uncertainty and Change have become the new NORMAL. All these have intensified the challenge of managing business and elevated the importance of risk management.

This course will introduce you with knowledge on relevant risks and controls to build a strong control environment for your organisation as well as recognise the different effective control activities which you can implement for your business processes.

Programme Outline

This course introduces concepts of internal control to people involved in day-to-day business operations and focuses on the practical application of internal control to manage business risks.
 

We will cover the following areas in the course:

  • Recognize the importance of internal controls
  • Understand principles of internal control
  • Identify the 5 components of internal control in COSO framework
  • Discover the components of an effective control environment 
  • Determine the design and operating effectiveness of existing internal control practices 
  • Learn the key control activities for the following transaction cycles:
    • Revenue and receipts
    • Procurement and payment
    • Fixed assets and inventory
    • Payroll and staff claims
       

Training Methodology

Lecture style, with practical illustrations involving case scenarios, real life cases and interactive polls

Closing Date for Registration

1 week before programme or until full enrolment

Intended For

This introductory course on internal controls and risk management is suitable for business leads, non-finance professionals and all those involved in day-to-day business operations. Accounting qualification and knowledge is not a pre-requisite.

Competency Mapping

Others = 7.00 Hours

Programme Facilitator(s)

Mr Ho Tuck Chuen
 
Associate Professor (Adjunct), NUS Business School
Fellow Member of Institute of Singapore Chartered Accountants
Fellow Member of Certified Public Accountants Australia
Fellow Member of Association of Chartered Certified Accountants (UK)
Member of Institute of Chartered Accountants Australia & New Zealand
 
Mr Ho is a Chartered Accountant with more than 40 years of extensive and varied financial experience in diverse industries ranging from Big Four accounting firms, Healthcare, REITs, Real Estate, Electronics, Pharmaceutical, Software, and from Multi-National Corporations to companies listed on US and Singapore Stock Exchange to Singapore Public Sector.
 
His extensive experience includes external and internal audit, forensic accounting and investigation, expert witness in High Court, investment, financial planning and management, corporate governance, risk management and CFO functions.
 
He has held C-suite positions in many companies in both private and public sectors and now sits on Audit Committees of companies. He also lectures in the Institute of Higher Learning.

Upcoming Schedule

Date & Time

17 Feb 2023 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 332.64
For Non-Members: $ 399.60

Programme Facilitator(s)

Mr Ho Tuck Chuen

Venue

Live Webinar in or outside of
Singapore