Course Detail()

CCF Funding

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

This course is pre-approved for Charities Capability Fund (CCF) funding. Please refer to the Funding tab for more details on Eligibility Criteria and Application Procedures.


Programme Objective

Black or white? Or is it a shade of grey? Perhaps, this is how we perceive Conflict of Interest (COI) situations at times, where it is thought-provoking to give a definite viewpoint of how potential COI should be dealt with. The challenge may be intensified by temptation for personal incentives in such COI situations. 

At the end of the course, participants will be able to:

  • Know the impact of Conflict of Interest (COI) on business in the areas of Governance, Risk Management and Compliance
  • Understand the various types of COI and appreciate the legal and ethical requirements in the management of COI and related parties
  • Evaluate the risks of COI in various possible scenarios in the Governance and Management of a business and how to mitigate the risks
  • Understand the various tools and methods available to prevent and detect cases relating to COI and related parties


This course will be beneficial to participants in building their capacity to identify and manage COI situations, especially in cases where they could lead to risk of fraud and corruption, evaluate the adequacy of their organization’s policy on declaration of COI and implement an action plan for the effective management of COI.

Practical examples based on real-life COI case studies and scenarios relating to the participants’ work and business environment will be given to enhance their understanding of the topics covered in the course.

Programme Outline


The course will cover the following topics:

  • Governance, Risk Management and Compliance (GRC)
  • Laws, Policies, Standards and SOPs relating to COI
  • Types of COI and various possible COI scenarios
  • Audit Observations relating to COI
  • Tools and Methods to Prevent and Detect cases relating to COI


Outline for each of the 5 topics:
Topic 1: Governance, Risk Management and Compliance (GRC)

  • Objectives and Scope of a GRC framework
  • Relationship among the domains in GRC
  • Examples of GRC frameworks 
  • Definition of Conflict of Interest (COI) and why COI matters from the GRC perspective
  • Lessons from Past Accounting Scandals and Business Failures due to COI

Topic 2: Laws, Policies, Standards and SOPs relating to COI and Related Parties

  • Section 156 of Companies Act
  • Chapter 9 of the SGX Listing Rules
  • Singapore Financial Reporting Standards (SFRS) No 24
  • Code of Ethics relating to COI
  • Internal Guidelines and SOPs
  • Example of Policy on Declaration of COI
  • Risk of Fraud and Corruption due to COI
  • Causes of COI

Topic 3: Types of COI and various possible COI scenarios

  • Key Principles underlying Management of COI 
  • Types of COI 
  • Chapter 9 of the SGX Listing Rules
  • Examples of COI scenarios in Procurement and Contracts Administration
  • Examples of COI scenarios in Financial and IT Management

Topic 4: Audit Observations relating to COI

  • Report of the Auditor-General’s Office (AGO) 
  • Anatomy of Audit Observations 
  • Analysis of Past Audit Observations relating to COI and Related Parties

Topic 5: Tools and Methods to Prevent and Detect cases relating to COI and Related Parties

  • Current Industry Best Practices
  • New Technologies 
  • Application of Data Analytics
  • Designing Processes and Guidelines to Reduce Likelihood and Impact of COI

 

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-based presentation
  • Quiz
  • On-line Chat and Q&A
  • Group Discussion (Breakout Room) and Class Presentation


Closing Date for Registration
1 week before programme or until full enrolment.

Intended For

Accountants, Auditors, Directors, Finance Managers, Business Executives and officers involved in Governance, Risk Management and Compliance (GRC) activities

Schedule & Fees

Testimonial

Funding

1] CCF Training Grant

Charities Capability Fund (CCF) Training Grant provides co-funding for local training courses to help charities comply with regulatory requirements and build good governance standards.

Period of CCF pre-approval: 01 June 2022  to 31 May 2023

CCF Preapproved Course Ref No.: PAS00002772

Eligibility Criteria

CCF funding is for eligible Board members and staff (who have served in the Charities for at least 6 months with an official designation) in key governance and management areas.

CCF Grants Coverage & Quantum

 

Funding Quantum

Nett Course Fees Payable (incl. GST)

Singaporeans/ PRs


 

Member: $221.19

Non-Member: $265.70

(80% of course fee)

Member: $55.30

Non-Member: $66.43

Employment Pass/ Work Permit Holders / S Pass Holders

Member: $165.89

Non-Member: $199.28

(60% of course fee)

Member: $110.60

Non-Member: $132.85

For Pre-approved Courses: Participants will pay the training provider the net course fees (after CCF funding). The training provider will claim the CCF approved funding directly from the CCF Secretariat.

CCF Application Procedures

Course Registration:

  • Board members/ staff in key governance and management areas applicant indicates interest to register for the course with CCF funding by writing to cpe@isca.org.sg . Please state the Course Title, Course Date, Name and Number of participants.
  • Upon receiving confirmation from ISCA on seat availability, please send us these documents:
    1. Completed Registration Form (Please click HERE to download)
    2. CCF approval email

Note:

  • The Applicant submits a CCF Local Training Grant application online via the NCSS e-Services at least one month beforethe course(s) commence(s). CCF applications are subject to CCF approval and only Board members/ staff in key governance and management areas with approved CCF applications are eligible for CCF funding.
  • The Applicant must send the approval email to ISCA as proof of eligibility for CCF funding.
  • The Applicant with approved CCF application (or “CCF-eligible participant”) pays the amount of course fees less CCF funding to ISCA.Payment can be made by corporate/individual means.
  • The Applicant has to create an ISCA Corporate Account here if they do not have an existing corporate account.

During the Course:

  • CCF-eligible participant to achieve minimum 75% attendance, and pass all assessments, if any.
  • All CCF-eligible participants are to complete a CCF Training Evaluation Form at the end of the course.
  • For course conducted online, CCF-eligible participants are to switch on their video function and display their full name.

Programme Facilitator(s)

This course is pre-approved for Charities Capability Fund (CCF) funding. Please refer to the Funding tab for more details on Eligibility Criteria and Application Procedures.


Programme Objective

Black or white? Or is it a shade of grey? Perhaps, this is how we perceive Conflict of Interest (COI) situations at times, where it is thought-provoking to give a definite viewpoint of how potential COI should be dealt with. The challenge may be intensified by temptation for personal incentives in such COI situations. 

At the end of the course, participants will be able to:

  • Know the impact of Conflict of Interest (COI) on business in the areas of Governance, Risk Management and Compliance
  • Understand the various types of COI and appreciate the legal and ethical requirements in the management of COI and related parties
  • Evaluate the risks of COI in various possible scenarios in the Governance and Management of a business and how to mitigate the risks
  • Understand the various tools and methods available to prevent and detect cases relating to COI and related parties


This course will be beneficial to participants in building their capacity to identify and manage COI situations, especially in cases where they could lead to risk of fraud and corruption, evaluate the adequacy of their organization’s policy on declaration of COI and implement an action plan for the effective management of COI.

Practical examples based on real-life COI case studies and scenarios relating to the participants’ work and business environment will be given to enhance their understanding of the topics covered in the course.

Programme Outline


The course will cover the following topics:

  • Governance, Risk Management and Compliance (GRC)
  • Laws, Policies, Standards and SOPs relating to COI
  • Types of COI and various possible COI scenarios
  • Audit Observations relating to COI
  • Tools and Methods to Prevent and Detect cases relating to COI


Outline for each of the 5 topics:
Topic 1: Governance, Risk Management and Compliance (GRC)

  • Objectives and Scope of a GRC framework
  • Relationship among the domains in GRC
  • Examples of GRC frameworks 
  • Definition of Conflict of Interest (COI) and why COI matters from the GRC perspective
  • Lessons from Past Accounting Scandals and Business Failures due to COI

Topic 2: Laws, Policies, Standards and SOPs relating to COI and Related Parties

  • Section 156 of Companies Act
  • Chapter 9 of the SGX Listing Rules
  • Singapore Financial Reporting Standards (SFRS) No 24
  • Code of Ethics relating to COI
  • Internal Guidelines and SOPs
  • Example of Policy on Declaration of COI
  • Risk of Fraud and Corruption due to COI
  • Causes of COI

Topic 3: Types of COI and various possible COI scenarios

  • Key Principles underlying Management of COI 
  • Types of COI 
  • Chapter 9 of the SGX Listing Rules
  • Examples of COI scenarios in Procurement and Contracts Administration
  • Examples of COI scenarios in Financial and IT Management

Topic 4: Audit Observations relating to COI

  • Report of the Auditor-General’s Office (AGO) 
  • Anatomy of Audit Observations 
  • Analysis of Past Audit Observations relating to COI and Related Parties

Topic 5: Tools and Methods to Prevent and Detect cases relating to COI and Related Parties

  • Current Industry Best Practices
  • New Technologies 
  • Application of Data Analytics
  • Designing Processes and Guidelines to Reduce Likelihood and Impact of COI

 

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-based presentation
  • Quiz
  • On-line Chat and Q&A
  • Group Discussion (Breakout Room) and Class Presentation


Closing Date for Registration
1 week before programme or until full enrolment.

Intended For

Accountants, Auditors, Directors, Finance Managers, Business Executives and officers involved in Governance, Risk Management and Compliance (GRC) activities

Programme Facilitator(s)


No course instances or course instance sessions available.