Internal Audit of Revenue & Accounts Receivable Cycle : A Practical Approach

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Description

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Professionals tasked with the Internal Audit role are expected to have sufficient knowledge to evaluate the risk of fraud in their organisations. They are required to report to the board and senior management any fraud risks found during their investigations. The expectation is that internal auditing should provide objective assurance that fraud controls are sufficient for identified fraud risks and ensure that the controls are functioning effectively.

This programme is designed specifically to provide Internal Audit and Finance Professionals with guidance and practical approach to the internal audit of Revenue & Accounts Receivable Cycle. The Trainer will also discuss and share the common lapses and pitfalls found in the Revenue & Accounts Receivable processes.

Programme Outline

• Identify key components in Revenue and Accounts Receivable process cycle
• Discuss key risks and associated internal controls in the Revenue and Accounts Receivable process cycle
• Establish an overview of the Revenue and Accounts Receivable operational process and its significance within an organisation
• Plan and approach to the review on the policies/ procedures and reporting requirements of the Revenue and Accounts Receivable process including credit management and collections procedures
• Discuss common lapses found in the Revenue and Accounts Receivable process
• Reporting on findings and suggesting practical improvement on Revenue and Accounts Receivable process
• Effective ways to streamline the operational process and strengthen the internal controls of Revenue and Accounts Receivable process

Expert Speaker

Christopher Go
FCCA (UK), CIA, CA Singapore, M.S.I.D.

Christopher is the Executive Director of a professional firm specializing in internal audit, corporate governance and risk management. He is a Certified Internal Auditor with the Institute of Internal Auditors and is an accredited assessor by the Institute in Internal Quality Assessment/Validation. He holds a Bachelor in Business Administration from Ottawa University.

Christopher has more than 20 years of auditing experience. He specialises in internal audit, corporate governance and risk management works. Having worked in large SGX-listed companies and established public accounting firms, including as Head/Director of internal audit & risk management divisions, he has vast experiences in setting up internal audit functions, internal controls and corporate governance reviews, enterprise risk management and fraud investigations. His other experiences include IT auditing, risk assessment, control self-assessment, setting up of quality management system, SOP documentation and ISO 9001 implementation.