This workshop will be perfect for a non-finance trained person, as the Trainer will share with you his real life experiences, easy-to-understand examples, ‘movie time’ and plenty of illustrations to help explain how you can uncover revenue tricks, expense traps and liability scams.
As an investor, it is essential that you arm yourself with the latest investigative tools and techniques as today’s tumultuous corporate and financial markets and blinding new technologies combine to make accounting fraud much more high-impact and difficult to detect than in the past.
By the end of this workshop, you will get to know what went wrong at Lehman Brothers, AIG, Goldman Sachs, Enron, WorldCom, Barings, Madoff, Sunbeam, Satyam, Arthur Andersen, China Aviation Oil, National Kidney Foundation, Singapore Airlines, Asia Pacific Breweries, Informatics, Singapore Land Authority and many other notable case examples.
Workshop Outline
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Sharing the US and Singapore Experience
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Top 10 Financial Scandals that Rocked the World
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What Types of Companies are most likely to use Financial Gimmicks?
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Why do Financial Gimmicks Exist? Where are they most likely to Occur?
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What is the ‘Fraud Triangle’? Why do Auditors Use this?
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Who are the Top 10 Financial Fraudsters in the World? Looking Inside the Mind of a Criminal.
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What is the Profile of a Typical Fraudster?
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What are the 6 Categories of Financial Gimmicks?
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What are the 7 Fundamental Tricks that Companies use to mislead Auditors and Investors?
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What are the Techniques for Detecting Financial Gimmicks and Fraud?
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How can Financial Misstatements be Prevented: The 4-Pronged Attack?
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Top 10 Signs that a Company is in Trouble
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‘Who Wants to be a Fraud Buster?’ QUIZ TIME
In addition to lecture notes and case studies, all participants attending this program will be given a ‘Comprehensive Checklist of Warning Signs’ which is helpful tool when analyzing financial reports.
Speaker's Profile:
Mr. S. S. Sandhu FCA, CPA has extensive experience working within the financial markets sector in Asia. He has deep technical knowledge covering listed companies, multinationals, initial public offerings and mergers and acquisitions due diligence gained over 18 years at PricewaterhouseCoopers. He was also the CFO of one of the largest financial institutions in Singapore. He is both a Fellow Chartered Accountant and a Certified Public Accountant and has provided advisory services to many public listed companies, multinationals and government-linked companies on the development of financial reporting standards and changes in regulatory environment.
Mr Sandhu is a highly sought after speaker at financial seminars and courses around the world and has authored and contributed many publications on corporate governance, risk management and international accounting standards. He is highly rated by participants who have attended his programs. He is particularly well-known for his ability to translate complex and difficult financial concepts into plain language, and the use of real life experiences, easy to understand illustrations and case studies to help the candidate's ability to understand finance and accounting. He adopts a highly interactive approach in his workshops which makes learning both fun and memorable.
