CCH Learning SEA

Ethics for Accountants: The New NOCLAR pronouncement in EP 100 and its Relevance in Fraudulent Financial Reporting (On Demand)


Fraudulent financial reporting is illegal and will have negative implications on financial accountants who are associated with the fraudulent financial reports, regardless of whether the financial accountants are complicit in or otherwise ignorant of the fraudulent financial reporting.

A new “NOCLAR” pronouncement in Ethics Pronouncement ( EP ) 100 requires financial accountants to respond to identified or suspect non-compliance of law or regulation. It is unethical if financial accountants failed to respond to NOCLAR appropriately.

The “NOCLAR” pronouncement expects professional accountants to apply knowledge, professional judgment and expertise, but is not expected to have a level of understanding of laws and regulations beyond that which is required for the professional accountant’s role within the employing organization. For financial accountants, this means the knowledge of financial reporting and fraudulent financial reporting.

This webinar aims to provide an introduction to some common fraudulent financial reporting scheme to enhance financial accountants’ competence in becoming aware of the occurrence of fraudulent financial reporting.

Programme Outline

  • Phony assets to hide expenses or unauthorised use of fund
  • Round tripping to hide fictitious revenue
  • Round tripping to hide misuse of fund
  • Off balance sheet to hide liabilities or impaired assets
  • Concealing “bribery expenses”
  • Concealing related party transactions with key management personnel

Case Studies on the application of EP 100:

  • KLW
  • ECI
  • CHC
  • Olympus
  • ST Marine
  • Tee International

This workshop qualifies for 2.0 CPE hours in Ethics and Professionalism (Category 2).

Target Audience

  • Public Accountants
  • Accountants in Industry and Commerce

Expert Speaker

Chee Hay Kheong Daniel

Daniel holds an Honours degree in Accountancy from the National University of Singapore and is a Certified Information Systems Auditor (CISA). He has more than 13 years of experience in the accounting profession, having worked for one of the Big 4 accounting firms both in Singapore and in the United Kingdom. He has also more than 5 years of senior management experience with MNCs, managing their operations in Singapore and Asia.

Daniel is a highly sought-after seminar trainer, and is currently an Adjunct Professor in the School of Business, Singapore University of Social Sciences. Prior to this, he was an Adjunct Associate Professor in the Department of Accounting of the NUS Business School. He served as a committee member of both the IT Committee and the Examination Committee of ISCA, and was a Committee member of the Disciplinary Sub-Committee of Accounting and Corporate Regulatory Authority (ACRA).

The webinar was recorded on 18 June 2020

  • Elearning
    • $196.20 incl. GST
    • PD hours: 2
    Complete online at your own pace (Self-paced)
    • $196.20 incl. GST

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