Course Detail()

SkillsFuture Credit, UTAP Funding

7.00 CPE Hours (Category 1, Category 2, Category 3, Category 4, Others)
Live Webinar

This session is delivered via live webinar (zoom platform).

 

Programme Objective

The programme examines the ethical challenges confronting accountants, auditors and management over the corporate financial reporting process. It focuses on what accounting and finance professionals can do to drive organizational ethics, and the signs to watch out for which might lead to unethical practices and fraud. The programme will also present the underlying issues related to Ethics and Corporate Governance by the illustration of appropriate case studies. Some current issues relating to ethics such as whistle-blowing procedures, ethical issues in S-Chips listed firms and internal control weaknesses are also examined.

 

Programme Outline


1. Case studies of corporate fraud to illustrate ethics and corporate governance issues:

  • Capital market incentives and pressure.
  • Executive compensation structure and incentives.
  • Role of top management in driving organizational ethics
  • Role of the board of directors.
  • Post-detection consequences.

2. Detecting financial statement fraud

  • Earnings manipulation.
  • Incentives and motivations underpinning financial statement fraud.
  • Do financial statements provide useful warning signals?

3. Internal control weaknesses

  • Characteristics of firms with material internal control weaknesses.
  • Challenges arising when top management over-ride internal controls.
  • Consequences of material deficiencies in internal controls.
  • Illustrative cases.

4. Practical implications

  • Who are the perpetrators?
  • Potential red flags.
  • Fraud reporting mechanisms.
  • Is there an over-reliance on audits?
  • Vulnerability of small and mid-sized businesses.

5. Discussion of current issues

  • Ethical issues in S-Chips listed firms
  • How effective are whistle-blowing policies?
  • Profile of the typical fraudster.


Pre-requisites

Please take note of the following admission requirements:

  • Trainings will be conducted on Zoom platform, thus video camera and microphone are compulsory
  • Mandatory for video camera to be turned on throughout the course
  • Display your official name (as per NRIC) in Zoom, to facilitate attendance taking
     

Training Methodology

Lecture style, with Exercises/Case Studies, Quiz / Knowledge Check

Closing Date for Registration

1 week before programme or until full enrolment

Intended For

A Foundation to Intermediate level programme intended for Accounting and Finance Professionals, Accountants in Business or for anyone who wish to broaden their perspective on issues related to ethics.

Schedule & Fees

Testimonial

Funding

1] SkillsFuture Credit (SFC)
Funding Period: Until 31 Dec 2024
Course Reference Number: TGS-2020500878

All Singaporeans aged 25 and above will receive an opening credit of S$500 from the government. You may wish to use your SFC to pay for partial/full ISCA course fees. 

On 1 Oct 2020, the Government provided a one-off SkillsFuture Credit Top-up of $500 for all eligible Singaporeans aged 25 or above by 31 Dec 2020. Singaporeans aged 40 to 60 by 31 Dec 2020 will also receive an Additional SkillsFuture Credit (Mid-Career Support) of $500 which can be used for courses under: (i) SGUnited Skills Programme, (ii) SGUnited Mid-Career Pathways Programme – Company Training, and (iii) Career Transition Programmes. This additional SFC (Mid-Career Support) is NOT applicable for use on ISCA courses. (For more information on the SFC scheme, please visit www.myskillsfuture.gov.sg)

If you wish to enrol for the course with SFC Funding, please proceed with the following steps:

Failure to submit claim application and obtain necessary approval before the course start date will result in topping up of the SFC indicated for use. Please note that there will be an administrative fee of $43.20 for any revision of invoice.

 

 

2] NTUC Union Training Assistance Programme (UTAP)
UTAP (Union Training Assistance Programme) is an individual skills upgrading account for NTUC members.

To find out more on the UTAP funding and support validity period please click here.

Should you have queries on the funding scheme, you can email to UTAP@e2i.com.sg or call NTUC Membership Hotline at 6213-8008

 

Programme Facilitator(s)

This session is delivered via live webinar (zoom platform).

 

Programme Objective

The programme examines the ethical challenges confronting accountants, auditors and management over the corporate financial reporting process. It focuses on what accounting and finance professionals can do to drive organizational ethics, and the signs to watch out for which might lead to unethical practices and fraud. The programme will also present the underlying issues related to Ethics and Corporate Governance by the illustration of appropriate case studies. Some current issues relating to ethics such as whistle-blowing procedures, ethical issues in S-Chips listed firms and internal control weaknesses are also examined.

 

Programme Outline


1. Case studies of corporate fraud to illustrate ethics and corporate governance issues:

  • Capital market incentives and pressure.
  • Executive compensation structure and incentives.
  • Role of top management in driving organizational ethics
  • Role of the board of directors.
  • Post-detection consequences.

2. Detecting financial statement fraud

  • Earnings manipulation.
  • Incentives and motivations underpinning financial statement fraud.
  • Do financial statements provide useful warning signals?

3. Internal control weaknesses

  • Characteristics of firms with material internal control weaknesses.
  • Challenges arising when top management over-ride internal controls.
  • Consequences of material deficiencies in internal controls.
  • Illustrative cases.

4. Practical implications

  • Who are the perpetrators?
  • Potential red flags.
  • Fraud reporting mechanisms.
  • Is there an over-reliance on audits?
  • Vulnerability of small and mid-sized businesses.

5. Discussion of current issues

  • Ethical issues in S-Chips listed firms
  • How effective are whistle-blowing policies?
  • Profile of the typical fraudster.


Pre-requisites

Please take note of the following admission requirements:

  • Trainings will be conducted on Zoom platform, thus video camera and microphone are compulsory
  • Mandatory for video camera to be turned on throughout the course
  • Display your official name (as per NRIC) in Zoom, to facilitate attendance taking
     

Training Methodology

Lecture style, with Exercises/Case Studies, Quiz / Knowledge Check

Closing Date for Registration

1 week before programme or until full enrolment

Intended For

A Foundation to Intermediate level programme intended for Accounting and Finance Professionals, Accountants in Business or for anyone who wish to broaden their perspective on issues related to ethics.

Programme Facilitator(s)


No course instances or course instance sessions available.