SkillsFuture Credit, UTAP Funding
This session is delivered via live webinar (zoom platform). Programme ObjectiveThe 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 ObjectiveThe 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.
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 ethicsRole 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 weaknessesCharacteristics 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 implicationsWho 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 issuesEthical issues in S-Chips listed firmsHow effective are whistle-blowing policies?Profile of the typical fraudster.Pre-requisitesPlease take note of the following admission requirements:Trainings will be conducted on Zoom platform, thus video camera and microphone are compulsoryMandatory for video camera to be turned on throughout the courseDisplay your official name (as per NRIC) in Zoom, to facilitate attendance taking Training MethodologyLecture style, with Exercises/Case Studies, Quiz / Knowledge CheckClosing Date for Registration1 week before programme or until full enrolment
1. Case studies of corporate fraud to illustrate ethics and corporate governance issues:
2. Detecting financial statement fraud
3. Internal control weaknesses
4. Practical implications
5. Discussion of current issues
Pre-requisites
Please take note of the following admission requirements:
Training MethodologyLecture style, with Exercises/Case Studies, Quiz / Knowledge CheckClosing Date for Registration1 week before programme or until full enrolment
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.
Category 2 = 7.00 Hours
25 Jun 2024 (9:00 AM - 5:00 PM)
For Members: $ 318.28 For Non-Members: $ 382.59
1] SkillsFuture Credit (SFC)Funding Period: Until 31 Dec 2024Course 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
Assoc Prof Lee Kin WaiLee Kin Wai is Associate Professor of Accounting at Nanyang Business School in Nanyang Technological University. He holds a First Class Honours Degree (with University Medal) in Accounting, MBA (distinction in finance) and PhD degree. He is a member of Institute of Singapore Chartered Accountants, Australian Society of Certified Practising Accountants and American Accounting Association. Dr. Lee is the Deputy Chairman of the Shell Singapore Employees Union Cooperative Limited and he served as a member of the Corporate Governance Committee of the Institute of Singapore Chartered Accountants.Prior to joining academia, Dr. Lee had extensive experience in accounting and finance and was the Group Accounting Manager in a publicly listed multinational corporation. Dr. Lee specializes in financial statement analysis, capital market research in accounting, corporate governance and valuation. His research on corporate governance and financial accounting standards has been published in international accounting and finance journals such as Journal of Banking and Finance, Journal of Corporate Finance, Review of Quantitative Finance and Accounting, Journal of Accounting Auditing and Finance, Review of Pacific Basin Financial Markets and Policies, International Journal of Business, Journal of Multinational Financial Management, Singapore Accountant and Accounting and Finance Journal and the business press such as Business Times and Straits Times.He conducts courses at the undergraduate and MBA levels, and executive seminars for organizations such as Institute of Singapore Chartered Accountants, Australian Society of Certified Practising Accountants, Shell, Mitsui, Asia-Pacific Breweries, Panasonic Asia Pacific, Tyco, Singapore Technologies Engineering, Association of Chartered Certified Accountants, Singapore National Cooperatives Federation, Capital Market and Financial Institutions Supervisory Agency and Asia-Pacific Bankers Club. In 2007, he received the Teacher of the Year Award for the MBA program. In 2010, he received the Teacher of the Year Award for the Accountancy program in Nanyang Business School. In 2010, he received the Nanyang Award for Teaching Excellence at Nanyang Technological University.
Online Classroom in or outside ofSingapore
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Do you wish to apply for SFC funding? (Singapore Citizenship Only)
19 Apr 2024 - 19 Apr 2024