Corporate scandals such as Enron, Theranos, and Hin Leong Trader and Oil Tanker have exposed critical lapses in financial oversight, governance and ethical judgement. Through examining these high-profile cases of corporate fraud, participants will uncover the systematic, cultural and ethical drivers behind the incidents.
This course also discusses the Fraud Triangle, ethical dilemmas and expectation gaps faced by professionals. Through this course, participants will also review evolving regulatory responses and learn to gain practical strategies to prevent, detect and respond to fraud risks in today’s complex business environment.
At the end of this course, you will be able to:
- Describe the components of the Fraud Triangle and how they enable fraud.
- analyse major corporate failures to identify root causes and systemic weaknesses;
- describe expectation gaps and ethical dilemmas faced by professional accountants and corporate leaders; and
- apply insights from past corporate failures to strengthen risk mitigation and corporate governance frameworks in their organisations.
Programme Outline
- Understanding Corporate Fraud
- Introduction to the components of the Fraud Triangle (Incentive, Opportunity and Rationalisation)
- How fraud manifests in corporations
- Deep Dive into Corporate Fraud
- Case Studies: Barings, Theranos, Enron, Hin Leong Trader and Oil Tanker, Madoff and the Baptist Foundation of Arizona, and other relevant cases
- Common Root Causes: Governance Lapses, Ethical Threats, Weak Internal Controls
- Professional Ethical Decisions and Reflection
- Expectation Gaps faced by professional accountants and corporate leaders
- Ethical Dilemmas in Practice
- From Lessons to Action
- Evolving standards in financial reporting and assurance
- Strengthening risk mitigation and corporate governance frameworks in organisations
- Detecting early warning signs
Training Methodology*
Lecture style with case studies and group discussion.
Participants will be provided with pre-reading materials summarising key case studies and are encouraged to review them before the session, as class time will focus on interactive discussions and practical application rather than content delivery.
Closing Date for Registration*
1 Week before Programme or Until Full Enrolment.
Intended For
This course is intended for professionals in accounting, audit, finance, and tax and corporate leaders who are involved in decision-making, governance, oversight, implementation, or strategic planning within their organisations. It is particularly relevant for those seeking to deepen their understanding of corporate fraud risks, ethical responsibilities, and learn governance best practices.
Competency Mapping
Category 2 = 7.00 Hours
Schedule & Fees
Date & Time
04 Nov 2025 (9:00 AM - 5:00 PM)
Fee (inclusive of GST)
SGD pricing -
For Members:
$ 507.94
For Non-Members:
$ 606.04
Programme Facilitator(s)
Yeo Ek Khuan
Venue
60 Cecil Street
ISCA House
Singapore 049709
Testimonial
Funding
1] NTUC Union Training Assistance Programme (UTAP)
UTAP (Union Training Assistance Programme) is an individual skills upgrading account for NTUC members.
NTUC members enjoy 50% *unfunded course fee support for up to $250 each year when you sign up for courses supported under UTAP. NTUC members aged 40 and above can enjoy higher funding support up to $500 per individual each year, capped at 50% of unfunded course fees, for courses attended between 01 April 2024 and 31 March 2027. *This excludes miscellaneous fees such as GST and registration fee etc.
This course is approved for UTAP support for intakes conducted between 28 September 2025 – 31 March 2027.
As UTAP is given on calendar year basis, and calculated based on year of training taken, it cannot be accumulated.
- Maintained paid-up NTUC membership before course, throughout course duration and at the point of claim and;
- Course by training provider must be supported under UTAP and training must commence within the supported period and;
- Unfunded course fee must not be fully sponsored by company or other types of funding
- Unfunded course fee must be S$20.00 and above, and;
- Member must achieve a minimum of 75% attendance for each application and sat for all prescribed examination(s), if any and;
- UTAP application must be made within 6 months after course ends.
To submit for UTAP claims, please visit http://skillsupgrade.ntuc.org.sg/. Terms and conditions apply.
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)
Mr Yeo Ek Khuan
FCA (Singapore)
Ek Khuan is a Fellow Member of the Institute of Chartered Accountants of Australia and a Fellow Member of the Institute of Singapore Chartered Accountants. He has more than 30 years of experience with international auditing firms before joining BDO LLP in 2001. He retired as a senior Partner from BDO LLP in 2013. Ek Khuan has extensive experience providing services to multinational, listed local companies and small and medium enterprises. They span over a spectrum of industries from financial and professional services to construction, electronics, retail and manufacturing.
Ek Khuan was the chairman of Grant Thornton Asia Pacific Auditing and Accounting Committee from 1986 to 1990. He was a member of ISCA's Auditing Practices Committee from 1978 to 2002. He had also served as a committee member of the Financial Statements Review Committee, the Financial Reporting Standards Committee and the Structured Practical Audit Training Committee. Besides his involvement in ISCA’s committees, he also served as a panel member of the Public Accountants Board of Inquiry Committee and Membership Committee. He is currently a member of the Disciplinary Committee of the Accounting and Corporate Regulatory Authority (ACRA). He is also appointed as a member of the Singapore Accounting Standards Council (ASC). Ek Khuan is also active in the Association of Small and Medium Size Enterprises (ASME), Singapore. He is currently the Honorary Treasurer of ASME, and he has served as a First vice-President, Second Vice-President and Council member of ASME. He is currently representing the ASME on the Tax Feedback Group within the Inland Revenue Authority of Singapore.
Ek Khuan had served as the Honorary Treasurer and as a Board member of the Singapore National Heart Foundation. He is currently a member of the Chinese Development Assistance Council Finance Committee and also a member of the Audit Committee of the St. Luke's Hospital and Eldercare. In recognition of Ek Khuan's dedicated and significant service to the accountancy profession and the community, he was awarded the ICPAS Merit Award in 1999, and was then awarded the ICPAS Silver Medal Award in 2008.
Corporate scandals such as Enron, Theranos, and Hin Leong Trader and Oil Tanker have exposed critical lapses in financial oversight, governance and ethical judgement. Through examining these high-profile cases of corporate fraud, participants will uncover the systematic, cultural and ethical drivers behind the incidents.
This course also discusses the Fraud Triangle, ethical dilemmas and expectation gaps faced by professionals. Through this course, participants will also review evolving regulatory responses and learn to gain practical strategies to prevent, detect and respond to fraud risks in today’s complex business environment.
At the end of this course, you will be able to:
- Describe the components of the Fraud Triangle and how they enable fraud.
- analyse major corporate failures to identify root causes and systemic weaknesses;
- describe expectation gaps and ethical dilemmas faced by professional accountants and corporate leaders; and
- apply insights from past corporate failures to strengthen risk mitigation and corporate governance frameworks in their organisations.
Programme Outline
- Understanding Corporate Fraud
- Introduction to the components of the Fraud Triangle (Incentive, Opportunity and Rationalisation)
- How fraud manifests in corporations
- Deep Dive into Corporate Fraud
- Case Studies: Barings, Theranos, Enron, Hin Leong Trader and Oil Tanker, Madoff and the Baptist Foundation of Arizona, and other relevant cases
- Common Root Causes: Governance Lapses, Ethical Threats, Weak Internal Controls
- Professional Ethical Decisions and Reflection
- Expectation Gaps faced by professional accountants and corporate leaders
- Ethical Dilemmas in Practice
- From Lessons to Action
- Evolving standards in financial reporting and assurance
- Strengthening risk mitigation and corporate governance frameworks in organisations
- Detecting early warning signs
Training Methodology*
Lecture style with case studies and group discussion.
Participants will be provided with pre-reading materials summarising key case studies and are encouraged to review them before the session, as class time will focus on interactive discussions and practical application rather than content delivery.
Closing Date for Registration*
1 Week before Programme or Until Full Enrolment.
Intended For
This course is intended for professionals in accounting, audit, finance, and tax and corporate leaders who are involved in decision-making, governance, oversight, implementation, or strategic planning within their organisations. It is particularly relevant for those seeking to deepen their understanding of corporate fraud risks, ethical responsibilities, and learn governance best practices.
Competency Mapping
Category 2 = 7.00 Hours
Programme Facilitator(s)
Mr Yeo Ek Khuan
FCA (Singapore)
Ek Khuan is a Fellow Member of the Institute of Chartered Accountants of Australia and a Fellow Member of the Institute of Singapore Chartered Accountants. He has more than 30 years of experience with international auditing firms before joining BDO LLP in 2001. He retired as a senior Partner from BDO LLP in 2013. Ek Khuan has extensive experience providing services to multinational, listed local companies and small and medium enterprises. They span over a spectrum of industries from financial and professional services to construction, electronics, retail and manufacturing.
Ek Khuan was the chairman of Grant Thornton Asia Pacific Auditing and Accounting Committee from 1986 to 1990. He was a member of ISCA's Auditing Practices Committee from 1978 to 2002. He had also served as a committee member of the Financial Statements Review Committee, the Financial Reporting Standards Committee and the Structured Practical Audit Training Committee. Besides his involvement in ISCA’s committees, he also served as a panel member of the Public Accountants Board of Inquiry Committee and Membership Committee. He is currently a member of the Disciplinary Committee of the Accounting and Corporate Regulatory Authority (ACRA). He is also appointed as a member of the Singapore Accounting Standards Council (ASC). Ek Khuan is also active in the Association of Small and Medium Size Enterprises (ASME), Singapore. He is currently the Honorary Treasurer of ASME, and he has served as a First vice-President, Second Vice-President and Council member of ASME. He is currently representing the ASME on the Tax Feedback Group within the Inland Revenue Authority of Singapore.
Ek Khuan had served as the Honorary Treasurer and as a Board member of the Singapore National Heart Foundation. He is currently a member of the Chinese Development Assistance Council Finance Committee and also a member of the Audit Committee of the St. Luke's Hospital and Eldercare. In recognition of Ek Khuan's dedicated and significant service to the accountancy profession and the community, he was awarded the ICPAS Merit Award in 1999, and was then awarded the ICPAS Silver Medal Award in 2008.