The format of this course is a Live Webinar. A detailed set of instructions on the Live Webinar will be sent to you closer to date.

Programme Objective

The objective of the course is to introduce participants to the importance of conducting review of commercial contracts. It is essential for participants who are going to be involved in audit review and control. Real issues will be discussed and practical tips will be shared. 

By the end of the course, participants would have developed the approach to deal with review of commercial contracts. Participants will be given practical exercises and guidelines in reviewing and conducting of commercial contracts as a whole.

Programme Outline

 

• Definition of Commercial Contract
• The legal aspect of looking at commercial contracts
• Identifying key risk areas in a commercial contract
• Identifying controls surrounding commercial contracts to mitigate risks
• Evaluation and addressing risk arising from commercial contract
• Potential legal implication for breach of commercial contract
• Role in insurance in audit of commercial contract
• Recent case study of Robinsons and its implications on creditors
• Potential risks arising when SMEs are dealing with large entities (e.g. Robinsons)

 

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

Exercises and case studies

Closing Date for Registration

1 week before programme or until full enrolment.

Intended For

Internal auditors, external auditors, accountants, financial controllers and accounting professionals involved in review of commercial contracts.

Programme Facilitator(s)