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58% of the corporate fraud in Singapore were committed by staff, according to a research conducted by a KPMG-SMU Singapore Fraud Survey. The importance of having corporate safeguards to protect companies against fraudulent acts committed by staffs and suppliers cannot be emphasized enough.
This practical workshop will examine the relevant laws governing fraudulent offences in Singapore and possible ways of remedies. Specific discussions will focus on the common types of company frauds and fraudulent acts committed by staffs, insiders and company suppliers. We will also discuss the relevant safeguards to protect companies’ interests and the likely areas of recourse when frauds are committed by insiders and suppliers.
- Common types of fraud – misuse of cheques, fake invoices, corruption, misuse of company funds etc
- Relevant criminal laws – cheating, forgery, criminal breach of trust, theft, receiving stolen property, bribery, money-laundering
- Criminal procedures – investigation, arrest, court trials, sentencing
- Civil Remedies – lawsuits against offenders, use of constructive trusts against recipients of stolen property, lawsuits against banks, claims against accomplices and recipients of funds, claims against those assisting in offences
- Legal safeguards – employment contracts, insurance, fraud policies, publicity, preserving evidence, forensic accounting
- Ethical duties of employees
- Practical steps in ensuring / encouraging ethical conduct of employees
- Dealing with employee’s ethical breaches
- Case studies
- Sharing of real life and recent cases
- The lessons to be learnt from ethical and legal standpoint
This workshop qualifies for 7.0 CPE hours in Ethics and Professionalism (Category 2).
What you will learn
At the end of this workshop, you will:
- Have a comprehensive understanding of the legal processes involved in fraudulent proceedings
- Be able to better design internal work processes and financial governance policies to safeguard yourself and your organisation against fraudulent acts committed by staffs and suppliers.
- Sharpen your ability to identify red-flags of unethical practices
- Finance Professionals and Business Managers
- Personnel with responsibility in buying or approving purchasing of goods & services and/ or dealing with vendors and suppliers will also find this workshop relevant.
LLM, LLB (Hons), ACCA (Grad)
Terence is an Advocate and Solicitor for over 20 years , and was formerly Asst Professor in the Law Faculty of NUS where he taught Insolvency Law, Company Law and Computer Law.
Terence was named in Parliament in 1995 by the then Minister of Law for his comments on a loophole in the proposed Bankruptcy Act. His comments on bankruptcy legislation were expressly discussed by the High Court and the Court of Appeal.
Besides contributing articles in legal journals ,
Terence also regularly provides legal training and education for professional organizations, overseas universities and MNCs.
ACCA members will enjoy the members' fee of $400.18 (including GST). Kindly key in the promo code "ACCA22" during registration. You will be requested to furnish your ACCA membership number upon receipt of our confirmation.