CCH Learning SEA


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This is a hybrid session. You have the option to attend this live in-person or online via Zoom. Please select accordingly at registration.

The in-person session on 13th December will be conducted at:
Singapore Marriott Tang Plaza Hotel
(Lengkuas Room, Level 2)
320 Orchard Road
Singapore 238865

The Wirecard scandal was a series of corrupt business practices and fraudulent financial reporting that led to the insolvency of Wirecard, a payment processor and financial services provider, headquartered in Munich, Germany.

The scandal involved Wirecard’s operations and other business associates in Singapore. This workshop aims to use the Wirecard Singapore fraud scandal to illustrate the ethical and technical audit issues involving accountants, auditors and whistle blowers.

Programme Outline

  • Wirecard fraud scheme in Singapore
  • The fundamental principles (revised definition) involved
  • The ethical threats faced
  • Ethical requirements in the preparation and presentation of information
  • Ethical requirements in addressing information that is or might be misleading
  • Ethical requirements in addressing pressure to influence preparation or presentation of information
  • The whistle blower in Wirecard Singapore
  • Ethical issues faced by the whistleblower
  • The application of the NOCLAR response framework in the Wirecard Singapore case
  • The ethical issues when choosing not to whistle blow
  • The audit issues in Wirecard Singapore fraud
  • The availability bias affecting the auditor
  • Issues in audit evidence gathering
  • Issues in audit risk assessment, including inherent risk and control risk assessment

This workshop qualifies for 5.0 CPE hours in Ethics and Professionalism (Category 2) and 2.0 CPE hours in Auditing Standards, Pronouncements and Methodology (Category 3).

What you will learn

  • Understand and manage the audit issues that can arise from a fraud scandal
  • Understand how you can effectively manage the ethical dilemma faced when facing a possible fraudulent scandal

Target Audience

  • Accountants
  • Auditors
  • Business Managers
  • Directors and Senior Management

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 15 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. He was an Adjunct Professor in the School of Business, Singapore University of Social Sciences and 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).

This is a hybrid session. You have the option to attend this live in-person or online via Zoom. Please select accordingly at registration.

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