Course Detail(E168v : Law and Ethics of Fraud for Company Insiders (Live Webinar))

E168v : Law and Ethics of Fraud for Company Insiders (Live Webinar)

7.00 CPE Hours (Category 2)
Live Webinar

Programme Objective

58% of the corporate fraud in Singapore were committed by staff, according to a research conducted by a KPMG-SMU Singapore Fraud Survey. The oil trader Hin Leong has been in the news as the centre of massive fraud and creative accounting. What can you do to avoid such fraud? What are your company’s rights in such situations?

This practical workshop will examine the relevant laws governing fraudulent offences in Singapore and possible ways of remedies. Specific discussions will focus on the common types of company frauds and fraudulent acts committed by staffs, insiders and company suppliers. We will also discuss the relevant safeguards to protect companies’ interests and the likely areas of recourse when frauds are committed by insiders and suppliers.

What you will learn

At the end of this workshop, you will:
  • Have a comprehensive understanding of the legal processes involved in fraudulent proceedings
  • Be able to better design internal work processes and financial governance policies to safeguard yourself and your organisation against fraudulent acts committed by staffs and suppliers. 
  • Sharpen your ability to identify red-flags of unethical practices

Programme Outline

  • Common types of fraud – misuse of cheques, fake invoices, corruption, misuse of company funds, etc
  • Relevant criminal laws – cheating, forgery, criminal breach of trust, theft, receiving stolen property, bribery, money-laundering
  • Criminal procedures – investigation, arrest, court trials, sentencing
  • Civil Remedies – lawsuits against offenders, use of constructive trusts against recipients of stolen property, lawsuits against banks, claims against accomplices and recipients of funds, claims against those assisting in offences, auditors’ liability
  • Legal safeguards – employment contracts, insurance, fraud policies, publicity, preserving evidence, forensic accounting
  • Ethical duties of employees 
  • Practical steps in ensuring / encouraging ethical conduct of employees 
  • Dealing with employee’s ethical breaches 
  • Case studies 
    • Sharing of real life and recent cases
    • The lessons to be learnt from ethical and legal standpoint


Training Methodology

Lecture style with case study discussion 


Closing Date for Registration

1 week before programme or until full enrolment.

Intended For

A Foundation to Intermediate level programme intended for both Practicing and Non-Practicing Accountants and Auditors.

Competency Mapping

Category 2 = 7.00 Hours

Schedule & Fees

Date & Time

22 Mar 2023 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 306.72
For Non-Members: $ 368.28

Programme Facilitator(s)

Terence Tan

Venue

Online Classroom in or outside of
Singapore

Testimonial

Funding

No funding Available!

Programme Facilitator(s)


Terence Tan

An Advocate and Solicitor for over 20 years, Terence has provided legal training and education for many professional organizations, overseas universities and MNCs. 


Terence was named in Parliament for his comments on the revamped Bankrupt Act and these comments were expressly mentioned by the Court of Appeal.

Terence was formerly Asst Professor in the Law Faculty, National University of Singapore where he taught Insolvency Law, Company Law and Computer Law.

He is recognized by the Council for Estate Agents (CEA) on a wide variety of issues and topics such as Landlord-Tenant Disputes and Family Property Disputes.

 

Programme Objective

58% of the corporate fraud in Singapore were committed by staff, according to a research conducted by a KPMG-SMU Singapore Fraud Survey. The oil trader Hin Leong has been in the news as the centre of massive fraud and creative accounting. What can you do to avoid such fraud? What are your company’s rights in such situations?

This practical workshop will examine the relevant laws governing fraudulent offences in Singapore and possible ways of remedies. Specific discussions will focus on the common types of company frauds and fraudulent acts committed by staffs, insiders and company suppliers. We will also discuss the relevant safeguards to protect companies’ interests and the likely areas of recourse when frauds are committed by insiders and suppliers.

What you will learn

At the end of this workshop, you will:
  • Have a comprehensive understanding of the legal processes involved in fraudulent proceedings
  • Be able to better design internal work processes and financial governance policies to safeguard yourself and your organisation against fraudulent acts committed by staffs and suppliers. 
  • Sharpen your ability to identify red-flags of unethical practices

Programme Outline

  • Common types of fraud – misuse of cheques, fake invoices, corruption, misuse of company funds, etc
  • Relevant criminal laws – cheating, forgery, criminal breach of trust, theft, receiving stolen property, bribery, money-laundering
  • Criminal procedures – investigation, arrest, court trials, sentencing
  • Civil Remedies – lawsuits against offenders, use of constructive trusts against recipients of stolen property, lawsuits against banks, claims against accomplices and recipients of funds, claims against those assisting in offences, auditors’ liability
  • Legal safeguards – employment contracts, insurance, fraud policies, publicity, preserving evidence, forensic accounting
  • Ethical duties of employees 
  • Practical steps in ensuring / encouraging ethical conduct of employees 
  • Dealing with employee’s ethical breaches 
  • Case studies 
    • Sharing of real life and recent cases
    • The lessons to be learnt from ethical and legal standpoint


Training Methodology

Lecture style with case study discussion 


Closing Date for Registration

1 week before programme or until full enrolment.

Intended For

A Foundation to Intermediate level programme intended for both Practicing and Non-Practicing Accountants and Auditors.

Competency Mapping

Category 2 = 7.00 Hours

Programme Facilitator(s)

Terence Tan

An Advocate and Solicitor for over 20 years, Terence has provided legal training and education for many professional organizations, overseas universities and MNCs. 


Terence was named in Parliament for his comments on the revamped Bankrupt Act and these comments were expressly mentioned by the Court of Appeal.

Terence was formerly Asst Professor in the Law Faculty, National University of Singapore where he taught Insolvency Law, Company Law and Computer Law.

He is recognized by the Council for Estate Agents (CEA) on a wide variety of issues and topics such as Landlord-Tenant Disputes and Family Property Disputes.

 


Upcoming Schedule

Date & Time

22 Mar 2023 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 306.72
For Non-Members: $ 368.28

Programme Facilitator(s)

Terence Tan

Venue

Online Classroom in or outside of
Singapore