4th Annual Internal Audit, Fraud &

Forensic Auditing Excellence 2015

Integrating Risk Based and Forensic Auditing to Mitigate the Risk of Fraud
3 Day Masterclass

COURSE OVERVIEW
Organizations around the world, in nearly all industries,
have experienced some degree of stress or turmoil
caused by the global economic recession. In this
environment, internal auditors are playing a vital and
growing role in monitoring and helping improve
organization-wide systems, processes and controls.
This role likely will continue to grow in the next few years
as organizations address not only financial pressures,
but also regulatory pressures that governments impose
in response to the financial crisis. In particular the internal
audit function now plays a pivotal role to support the audit
committee, risk committee and the risk unit of
companies.
This intensive three day Masterclass provides practical
and valuable guidance on Internal Auditing, Fraud and
Next Generation Forensic Auditing. The course examines
the emerging issues in internal audit including Culture,
Quality Assurance, Audit of Strategy, how to deal with the
Audit Committee. It then goes on to look at how audit sits
within the risk management framework, its interaction
with operational risk and examines the principles of
Lean Audit.
Additionally the attendee will gain a detailed
understanding of the impact of data analytics on the
application of forensic auditing and will tease out the
sources of information an auditor might use in a fraud
examination and lead on to a debate on the danger signals
to look out for.
The final day focuses on fraud and forensics. It examines
root cause analysis, principles of evidence and includes a
case study and role play on interview techniques. It
concludes with a session on whistleblowing and fraud
prevention.

Mandarin Oriental, Malaysia

4th - 6th November 2015

www.questmasterclass.com

COURSE LEADER
Chris Hollands is one of the world's leading Chief Audit
Executive with over 40 years' experience in Audit,
Finance, Compliance, Financial Control, Operational
Risk and Sanctions. He specialises in working across
cultural environment and has led numerous internal
examinations into both fraud and sanctions breaches,
many of which have led to prosecution.
Professionally, Chris is a Managing Director of Risk
Audit Professional Development Ltd., where he is a
global subject matter expert on the development of leading audit and risk
management functions and the prevention and detection of corruption and fraud.
He was a former Global Head of Internal Audit, Legal & Compliance, Operational
Risk for Standard Chartered, one of the world's leading international banks
during which time he served as an adviser to the board and ran the audit
committee. In 2009, he led one of the largest investigations into sanctions
breaches in the UK before globally implementing SCB's sanctions policy in
respect of Iranian oil and gas (CISADA). He has worked with some of the world
leading brands including: American Express, Shearson Lehman, Continental
Bank, NationsBank
He has led highly rated public seminars & in-house programs all across Asia
Pacific & Middle East as well as in Africa, China, India, Kuwait, Malaysia,
Pakistan, Philippines, Thailand, Singapore, Indonesia & Sri Lanka. Blending
theory, practical advice and in-depth solid expertise, his ability to educate market
players on how to identify and control fraud risks is unsurpassed.

COURSE DELIVERY
Presentations

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Exercises

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Case studies and group discussions

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4th Annual Internal Audit, Fraud &

Forensic Auditing Excellence 2015

3 Day Masterclass

4th - 6th November 2015

WHO SHOULD ATTEND

The course will benefit:

Mandarin Oriental, Malaysia

BENEFITS OF ATTENDING
Lessons of the Global Financial Crisis for the Internal Audit

Director

G20 Approach to the Global Financial Crisis and Key Measures taken

Chief Audit Executives

Developing an Advanced Internal Audit plan by leveraging Strategy Based Audit (SBA)

External and Internal Auditors

Why audit committees and risk committee are demanding SBA?

Internal Audit Managers

How to link your audit plan to business strategies?

Audit and Risk Management Managers and Advisors

How to measure the effectiveness of strategy implementation?

Corporate Governance Professionals

Identifying Internal Auditor's Strategic and Future Role

Head of Compliance

Detailed understanding of the impact of Data Analytics on the application of Forensic

Auditing

Head of Finance / CFO

Head of Fraud & Inspection
Head of Vigilance
Account Managers
Company Secretaries
Business Owners
Strategic Planners
Audit Committee Chairs and Members
Regulators
Audit Focused Academia
Corporate Planning Professionals

Evaluating and Improving existing Frameworks for Identifying and Reporting

Fraudulent Activities
Developing the right Forensic Tests to detect the potential for Fraud in Financial
Statements
Improving interview methods and identifying key weak spots in organisational
structures that might be Risk / Fraud Prone
Engaging Your Ultimate Stakeholders Reporting to Boards and Senior Management

PRE-CLASS QUESTIONNAIRE (PCQ):

To ensure that you gain maximum benefit from this event, a detailed questionnaire will be sent to you to establish exactly
what your training needs are. The completed forms will be analyzed by the course trainer. As a result, we ensure the
course is delivered at an appropriate level and that relevant issues will be addressed. The comprehensive course
material will enable you to digest the subject matter in your own time. This training course is designed specifically for
participants to work through a dedicated strategic planning process. It is a high-level, intensive & vigorous programmed
that will move rapidly. The trainer will introduce the sessions and then participants will have the opportunity to develop
their own plan. It is an extremely practical training course where participants will spend considerable time working on
their own ideas that will enable them to achieve superior performance within their personal work domains. This training
course will contain case studies and learning principles from various organizations, which will enable participants a
frame of reference from which they can then launch into their own activity.

OUR PAST ATTENDEES

Banking & Financial Institutions
Aditya Birla Finance Affin Bank Berhad Al Rajhi Banking & Investment Corporation (M)
Berhad Allahabad Bank Alliance Finance Company Allied Bank AmBank(M) Berhad
Axis Bank Bangkok Bank Public Company Bank AL-Jazira Bank Asia Bank Mandiri Bank
Muamalat Malaysia Berhad Bank Negara Malaysia Bank of Baroda Bank of Ceylon Bank
Rakyat Canara Bank Central Bank of India Cim Finance CIMB Bank Indonesia
Commercial Bank of Ceylon DBS Bank DFCC Bank Exim Bank of India Exim Bank of
Malaysia Gulf Bank Kuwait Habib Bank Hatton National Bank IDBI Bank Indian Overseas
Bank Karvy Financial Services KASB Bank Kasikorn Bank Kuwait International Bank
L&T Finance Malayan Bank Berhad MCB Bank Metropolitan Bank & Trust Company
National Bank of Abu Dhabi National Development Bank PLC Oriental Bank of Commerce
Peoples Bank PT. Bank Negara Indonesia(Persero) Tbk PT.Bank Danamon Indonesia Tbk
Pubali Bank Public Bank Berhad Reserve Bank of India RHB Banking Group Rizal
Commercial Banking Corporation Seylan Bank PLC Siam Commercial Bank Silk Bank

www.questmasterclass.com

Soneri Bank State Bank of India State Bank of Mauritius Tata Capital The Islamic
Development Bank The Karur Vysya Bank TMB Bank Public Co. UOB Bank Berhad Union
Bank of Philippines
Corporate Houses
Almarai Ayala Corporation Alliance Global Group, Inc Aneka Tambang Astra Agro
Lestari Charoen Pokphand Indonesia BBMG BPCL Ceylon Tobacco Company Cnooc
CT Holdings Colombo Dockyard Dangote Cement Dongfang Electric Dragon Oil
Ecopetrol Etisalat Ezdan Holding Group Galaxy Entertainment Gamma Pizzakraft Lanka
Grupo Aval Gudang Garam HM Sampoerna HPCL Interconexion Electrica Kuwait
Projects Mahindra & Mahindra Marico Masraf Al Rayan MTR NHPC Limited Noble
Group NTPC Olam International ONGC Oil India Petronet LNG PGN Malaysia Airlines
Maxis PLDT Polaris Software Lab Radico Khaitan Rural Electrification Corporation Ltd
SAIC Motor SembCorp Industries Sime Darby MISC Sinopec-China Petroleum Softlogic
Holdings Srei Infra Tasnee Universal Robina Corporation Wilmar International Zain

4th Annual Internal Audit, Fraud &

Forensic Auditing Excellence 2015

3 Day Masterclass

4th - 6th November 2015

Mandarin Oriental, Malaysia

DAY 1 - Corporate Governance and the New Role of Internal Audit

Session 1
Evolution and the Future of Internal Audit
An historical perspective
Recent developments
Developing your current profile
The future for the internal auditor
Activity: Delegates will articulate their ideas about what a
modern internal audit department should be doing and what
its future direction should be

Session 4
Trusting Your Source Getting Quality
Assurance Right
Who owns Assurance? Does the responsibility lie beyond
Internal Audit?
Quality Assessment Review - Does Your Internal Audit Function
Meet the Standard?
Factors to consider when building your QA program
Coordinating Assurance - building frameworks to manage
assurance
The role of the Internal Audit Committee

Session 2
Audit Strategy v/s the Audit of Strategy
The strategic risk cycle
How to identify and evaluate strategic risk
Measuring the effectiveness of strategy implementation

How a successful QA program benefits your Audit Committee

How your QA program can help identify best practices and drive
consistency across your audits
A survival checklist and how to prepare for a review
Case study: Determine the optimal QA function for your own
organisation with tips on how to manage the staff involved.

Strategic Risk Disasters Mis-selling/Rogue Traders

Workshop: The Audit of Strategy linking the audit plan to
business strategy

Session 5
Pushing the Boundaries Internal Audit's Role
at Board Level

Session 3
Culture and Control
What is Culture?
Culture and Control
The audit of culture and how to go about it
Workshop: A simple model will be used to determine the
culture of your organisation and that of the delegates, which
will help assess how to tackle this emerging issue.

www.questmasterclass.com

What makes an effective Audit Committee

How to keep your Audit Committee Chair informed of what they
need to know
How the CAE and the Audit Committee can effectively support
each other
Is Internal Audit's only role at Board level in advising the Audit
Committee or does Internal Audit have a larger role to play
Utilizing the Audit Committee as your greatest ally
How to ensure your audit committee has the right information

4th Annual Internal Audit, Fraud &

Forensic Auditing Excellence 2015

3 Day Masterclass

4th - 6th November 2015

Mandarin Oriental, Malaysia

DAY 2 - Audit and the Risk Management Framework

Session 1
The Risk Management Framework and
Operational Risk
The three lines of defence, roles and responsibilities
Key Control Self-Assessment review
How audit can and must work with Operational Risk
The identification of fraud using key control self-assessment

Session 4
The Ultimate Stakeholder Reporting to
Boards and Senior Management
Why good reporting to Boards and Senior Management is so
important
What type of reporting works well and why
Facilitated role play of Audit Committee
Worked Example

Session 2
Lean Auditing
How to do more with less
Delivering value to key stakeholders
Eliminating wasted effort
Case Study: Delegates will combine their resources to
produce a plan for their own organisations which will focus
audit effort without reducing overall coverage.

- Very few auditors have experience working directly with

Audit Committees.
- This worked example will take the participants through a
process whereby they will role play various functions that
attend and interact at an Audit Committee with a view to
developing skills for future interaction.

Session 5
The Internal Auditor and Fraud
The perceived position
Asset Misappropriation

Session 3
The Dawn of a New Era The Exploitation of
Big Data
How big data will change business forever
Defining what is Big Data

Intellectual Property Fraud

Bribery and Corruption
Money Laundering
Discussion: Internal Audit's position in respect of fraud and
what the danger signals may be.

The challenges and opportunities when utilizing big data

The implications for the Internal Auditor
Big Data and Fraud Investigations
Toxic Data and the implications of negative publicity
Case Study: Identifying potential data sources an internal
auditor or investigator might use in a fraud investigation

www.questmasterclass.com

Panel Discussion: From Cybersecurity to Collaboration:

Assessing the Top Priorities for Internal Audit Functions
Current State of Cybersecurity An Internal Audit Perspective
High level of engagement by the board of directors in
Cybersecurity
Evaluating Cybersecurity risk as part of the current audit plan

4th Annual Internal Audit, Fraud &

Forensic Auditing Excellence 2015

3 Day Masterclass

4th - 6th November 2015

Mandarin Oriental, Malaysia

DAY 3 - Fraud and Forensics

Session 1
The Moment of Truth What To Do When
Fraud is Discovered
Understanding your emotions
How not to alert the fraudster that you are watching them
What to do if the fraudster finds out that they are being watched
What to do in the first hour, the first day and the first week

Session 4
Asking the difficult questions
What makes a good interview
Keeping a good record of what was said
Case Study and Role Play: Each participant will have the
opportunity to act as both the perpetrator and interviewer
using the techniques learnt.

Understanding why it has happened

Stopping it from happening again

Session 5
Pulling it all together, Prosecution or Prevention?

Session 2
Fraud, getting to the root of the matter

Company Policy v/s the Law

Testifying as an expert witness

The use of root cause analysis to identify the cause of a fraud

Whistleblowing

Fraud Triangle Fraud Diamond

Fraud prevention

Profiling the Fraudster

Worked Example

Creating a fraud detection strategy

By adopting the Transparency International Corruption

Perception Index framework; attendees will develop a process
by which they can assess the external perception of corruption
within their organisation's operations. Additionally the worked
example will consider how the potential for corruption is best
presented to senior Board and Management stakeholders.

Case study: Establish the types of fraud most prevalent in

delegate's organisations.

Session 3
Evidence and Analytics
Basic principles of evidence
Use of CAATS
Case study: Explore the issues of fraud in trade finance
situation and the controls a business might expect to have in
place

Session 6
Fraud Prevention Strategy
Interviewing Skills

Fraud Report

Internal Controls

Fraud Risk Dashboard

Risk Room

Auditor Rotation

Whistleblowing

Board Rotation

Lifestyle Audit

The way forward

Capital Reconciliation

www.questmasterclass.com

4th Annual Internal Audit, Fraud &

Forensic Auditing Excellence 2015
3 Day Masterclass

Mandarin Oriental, Malaysia

4th - 6th November 2015

Fees USD 3250 per Delegate

REGISTRATION CONTRACT
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All delegate fee is exclusive of Govt. / Local Taxes @ 6%

For Group Discount for more than 5 delegates, please email to
mayur@questmasterclass.com
This is a non residential course.

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1. Fees are inclusive of programmes materials and refreshments and the event is nonresidential
2. Payment Terms: Following completion and return of the registration form, full payment is required within 5 days from
receipt of invoice PLEASE NOTE: Payment must be received prior to the conference date.
3. Cancellation/Substitution: Provided the total fee has been paid, substitutions at no extra charge are allowed.
Cancellations must be received in writing by mail or fax six (6) weeks before the conference is to be held in order to obtain
a full credit for any future Quest ontheFRONTIER conference. Thereafter, the full conference fee is payable and is non
refundable. The service charge is completely nonrefundable and non-creditable. Nonpayment or non-attendance does
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that Quest ontheFRONTIER will not be able to mitigate its losses for any less than 50% of the total contract value. If, for any
reason, Quest ontheFRONTIER decides to cancel or postpone this conference, Quest ontheFRONTIER is not responsible
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credited to a future conference. Event programme content is subject to change without notice.
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although the event will take place in Malaysia.

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Registration and Enquiries

Quest ontheFrontier
Contact: Mayur Jain
Direct Line: +91 22 6771 5340
General Line: +91 22 6771 5333
General Fax: +91 22 6771 5375
Email: mayur@questmasterclass.com

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