1. Enterprise Fraud Risk Management
2nd & 3rd September 2009 | Parkroyal Hotel| Kuala Lumpur|Malaysia
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2. Enterprise Fraud Risk Management
Message from the Workshop Leader
Dear Delegates,
Corporate fraud costs businesses hundreds of millions of dollars each year. It affects livelihoods and is a common
cause of corporate failure. It is the responsibility of the board of directors to prevent fraud by putting in places the
appropriate controls and review procedures. This program shows you why Accounting Information System (AIS)
Threats are ever increasing. Control risks have also increased in the last few years because there are computers
and servers everywhere, and information is available to an unprecedented number of workers. Distributed
computer networks make data available to many users, and these networks are harder to control than centralized
mainframe systems. With the introduction of 3 levels of COSO and value driven ERM, things should be under
control. Recent events at SATYAM proves that in reality things are getting out of control. So, what went wrong ?
Is it time to train the auditors ?
Recognising the challenges that organisations are facing in combating Fraud, CSI In Practice is pleased to present
this 2-days Workshop on Enterprise Fraud Risk Management. This will serve as an excellent opportunity to learn how
best to conduct an internal investigation to protect your organization and step up on controls to deter fraud.
Profile of the Workshop Leader
CSI Chairperson Emeritus, Tommy Seah is a Certified Fraud Examiner and
Regent Emeritus of the Association of Certified Fraud Examiners Board based in Texas, USA.
CFE is a very well recognized post graduate professional qualification by The World Bank,
The Asian Development Bank, the USA Central Intelligence Agency in it’s recruitment of
auditors for combating fraud and the FBI for combating Financial Crimes. He is one of those
people that you would like to meet in person.
His services in providing technical training and consultancy in AML and Basel II systems
implementation is much sought after by numerous banks in the region, including Singapore,
Malaysia, China, Indonesia, Brunei, Thailand, Philippines and Taiwan. Tommy’s previous
experience includes systems based auditing in an American International Bank, where he was
the Senior Regional Auditor responsible for the Bank’s audit in the Asia Pacific region. He has
also held the top executive position of Chief of Internal Audit in a prime offshore bank where his
audit duties cover the Singapore and Hong Kong operations of the bank. His brief covers all
areas of the bank’s audit of operations and IT systems. Prior to this, he was Head of Operations
of a foreign bank.
In addition to being a Fellow Member of a leading UK Accountancy body and an Associate of
The Australian National Institute of Accountants, Tommy holds professional graduate diplomas
from two Banking Institutes including the prestigious Chartered Institute of Bankers (UK). He
is the only Singaporean that scores a “Double First” in the English accountancy examination and was consequently awarded the F.W.
Perks prize in Financial Management. Besides being a qualified fellow member of two U.K. professional accounting bodies, he is also a
member of the Institute of Internal Auditors (USA) and Information Systems Audit and Control Association (ISACA). In this region, Tommy
Seah is the only Singaporean who holds the membership grade of Senior Associate of Malaysian Institute of Bankers.
For the past thirty years, Tommy has trained numerous bank auditors and consulted by numerous lawyers in the region. Financial Instru-
ments, Foreign Exchange, Money Market Options, Derivatives and Swaps are his special interests. He devotes a substantial portion of
his time in research work and is presently available on retainer to selected established banks for loss prevention consultancy. Today,
he is still very much a hands-on accountant, auditor, investigator and SOX 404 Compliance examiner.
WHO SHOULD ATTEND :
• Anti-Fraud Managers, Fraud Investigators, Legal & Compliance Managers, CFOs & VPs Finance,
Financial Controllers & Accountants, CEOs & MDs, COO’s, CIO’s, Company Directors, Risk
Management & Regulatory Managers, Internal Auditors & Audit Managers, , Internal Control
Officers, Company Secretaries, Procurement/Purchasing Managers, IT Auditors, E-Banking & MIS
Managers & all who involved in Corporate Transparency & Governance

3. Enterprise Fraud Risk Management
Workshop Outline : (2nd & 3rd September, 2009)
Topic
Enterprise Fraud Risk Management (EFRM)
In this training session, a methodical model highlights a company’s risks, as well as the likelihood of
such risks and the potential impact the risks will have on the company will be discussed.
In order to obtain value, organizations must be able to balance growth and return goals with related
risks through effective Enterprise Fraud Risk Management.
DAY 1 (2nd September, 2009)
• Profile the typical fraudster
• Established the differences between occupational and corporate fraud
• Analyse common fraudulent schemes like employee fraud, financial statement fraud, identity fraud,
trade-based money laudering and more
• Assess fraud risk management using SEATA
• Weigh the pros and cons between different fraud prevention approaches
• Detect & prevent fraud with FRM model
• Align policies & procedures with business activities to raise education of fraud amongst employees
• Generate a clear whistle-blowing policy to link responses to stakeholders’ concerns
• Observe the dilemmas employees encounter daily & develop ethics policy statements
• Case Study on Ethical Values and Employees bahaviour
• Review anti-fraud procedures constantly to keep up with the changing environment
DAY 2 (3rd September, 2009)
Template for setting up Fraud Risk Management Unit
The Key Objectives of FRM
• Prevent. Reduce the risk of fraud and misconduct from occurring.
• Detect. Discover fraud and misconduct when it occurs.
• Respond. Take corrective action and remedy the harm caused by fraud or misconduct.
Group focus
The challenge for companies is to develop a comprehensive effort to:
• Understand all of the various control frameworks and criteria that apply to them.
• Categorize risk assessments, codes of conduct, and whistleblower mechanisms into corporate
objectives.
ICQ for Continuous monitoring for an ongoing process
Effective fraud risk management provides an organization with tools to manage risk
in a manner consistent with regulatory requirements as well as the entity’s business
needs and marketplace expectations.
• Tools to Assess Risks.
• Design a broad ranging program that encompasses controls to prevent, detect, and respond to
incidents of fraud or misconduct.
• Implement. the new controls throughout the organization and assign responsibility for leading the
overall effort to a senior individual.
• Evaluate. Assess existing controls compared with legal and regulatory frameworks as well as leading
practices, such as internal investigation protocols or due diligence practices.