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Forensic Accounting Techniques Emerge as Key Tool in Singapore’s Fight Against Fraud
In a bid to strengthen the procurement process and uphold ethical business conduct, the Institute of Singapore Chartered Accountants (ISCA) has introduced an intermediate-level course on forensic accounting techniques. The program aims to equip professionals with the skills necessary to detect and investigate fraud, ensuring that businesses operate transparently and fairly.
Understanding the Need for Proactive Fraud Detection
Recent high-profile fraud cases have highlighted the vulnerability of procurement processes in Singapore. Whistleblowing programs can mitigate internal fraud, but it is crucial to adopt effective fraud detection protocols to prevent such incidents. The course aims to educate participants on the ethical, legal, and evidential issues surrounding fraud offenses.
Course Outline
The program covers key topics including:
- Fraud or Corruption Prevention Fundamentals: Key Identifiers, Patterns & Profiles
- Analytical Investigation Methods (AIMs) in Establishing Relationship Links to Identify Unethical Behavior Misconduct, and Potential Conflicts of Interest
- Legal & Evidential Issues Relating to Fraud Offences
- Professional Ethics & Due Diligence – Improving on the Confidence in the Whistleblowing System
Applying GHOST Protocol
The course also delves into the innovative concept of the 5 pistons of an investigation, which will be applied in the financial investigation context to specifically detect fraud. Participants will learn about:
- Interview techniques
- Forensic/document examination
- Intelligence
- Industry knowledge & technology
- Investigation management systems
Investigation Management System
The program emphasizes the importance of quality control in internal investigations, focusing on documentation that is necessary for completing an investigation and ensuring proper investigations are conducted as required by the Employment Act.
Programme Facilitator(s)
[Name], a renowned expert in forensic accounting, will lead the course. Participants can expect engaging lectures and practical exercises/case studies to gain hands-on experience in applying forensic accounting techniques.
Intended For
The intermediate-level program is designed for:
- Forensic Accountants
- Government Accountants
- Investigators
- Independent Auditors
- Internal Auditors
- Law Enforcement Officers
- Recruitment Managers
- Human Resource Managers
- Finance Managers
- Professionals seeking insights into real-life investigative work
Closing Date for Registration
Registration for the program will close one week before the start date or until full enrollment. Don’t miss this opportunity to gain valuable skills in forensic accounting and contribute to a more transparent business environment in Singapore.