Expectations for slower growth, economic uncertainty, technology disruption, cyber threats, and greater regulatory scrutiny place pressure on Audit Committees to improve oversight of risks and implement more effective controls. Audit Committees have to rev up their performance to make an impact by calibrating strategy and risks, strengthening the tone at the top, reinforcing their responsibility on financial reporting, and refining agendas and oversight processes. This conference aims to help audit committee members achieve these goals enroute to cultivating good corporate governance, with the end-game of building and sustaining responsible business. Drawing on the knowledge and experiences of distinguished speakers at the top of their game, this conference covers a broad spectrum of issues and provides practical guidance on dealing with the significant challenges facing audit committee members today.

5 April 2017 (Wednesday),

Connexion Conference & Event Centre @ Nexus, Bangsar South, Kuala Lumpur

AUDIT COMMITTEE CONFERENCE 2017

Making an Impact

JOINTLY ORGANISED BY:

SUPPORTED BY:

CONFERENCE OUTLINE

8.00am Registration and Welcome Refreshments 9.00am Welcome Address Lucy Wong President, IIA Malaysia

9.10am Session 1 Audit Committee Challenges and Priorities in the

Digital Age Sizeable and unfamiliar risks are a dime a dozen in this

disruptive digital age. This session aims to sharpen the audit committee’s focus, benchmark its responsibilities and practices, and strengthen its oversight to enhance risk management and good governance. Learn how to focus on the right risk at the right time and strengthen the BAC’s alignment with enterprise risk management and other lines of defence.

Moderator: Jason Yuen, Partner, Advisory Services, Ernst & Young

10.00am Session 2 Impactful Tone at the Top: Challenging Culture and

Short-termism Audit committees must have the courage to challenge

the endemic culture of short-termism which threatens long-term sustainability and was a key factor behind the Global Financial Crisis of 2008. This session helps audit committees align their organisation’s short- and long-term priorities with strategic vision to defend independent oversight and enforce robust tone at the top.

Moderator: Ranjit Singh, Executive Director, Axcelasia Inc.

10.45am Networking and Refreshments

11.15am Session 3 (Panel)Companies Act 2016: Understand your Obligations

The Companies Act 2016 is set to transform the business landscape and the responsibilities of the audit committee in enforcing good governance. Importantly, this session will cover three pivotal areas: • New management requirements under the new Act; • Utilisation of share premium/capital redemption account

or combination with share capital• Consideration of effort and disclosure of business

review i.e. business sustainability Moderator: Assoc. Prof. Dr Chan Wai Meng, Department of

Business Strategy and Policy, Faculty of Business and Accountancy, University of Malaya

Panellists: Lee Shih, Partner, Dispute Resolution, SKRINE Brian Wong, Partner, Assurance & Business Risks,

PKF Malaysia Yap Weng Seong, Unit Head, Regulatory Development

& Services Division, Suruhanjaya Syarikat Malaysia Representative from Audit Committee

12.30pm Lunch

2.00pm Presentation Session Key results research findings presentation:

“Developing a profile of the internal audit profession in public-listed companies: An overview of internal audit function”

Speaker: Dr Grace Mui Yanchi, Research and Technical

Advisory Committee, IIA Malaysia

2.15pm Session 4 (Panel) Redefining Internal Audit Performance for Better

Governance The Internal Audit Function (IAF) will play a more significant

role in governance as business models, strategies and legislation evolve in the digital economy where intangibles dominate. This session redefines the evolving expectations and competencies of IAF staff, demand for heightened director independence and the subsequent impact on corporate governance.

Moderator: Mohd Khaidzir Shahari, Vice President, IIA Malaysia Panellists: Dr Grace Mui Yanchi, Reseach and Technical Advisory

Committee Member, IIA Malaysia Wee Hock Kee, Managing Director, CG Board Asia

Pacific Sdn Bhd

3.15pm Networking and Refreshments

3.45pm Session 5 (Panel)Financial Reporting Game Changers

Two major new accounting standards—revenue recognition and lease accounting—will affect business and disclosure materially once implemented, and hence increase pressure on the Audit Committee. This session addresses the impacts of these standards on business and oversight and recommends that the Audit Committee conduct a robust dialogue with management on IFRS matters to ease implementation. This session will also bring the standards’ impact on new assets, new liabilities and a front-loaded pattern of total lease expense to the Audit Committee’s attention.

Moderator: Simon Tay Pit Eu, Executive Director, Professional

Practices & Technical, Malaysian Institute of Accountants Panellists: Siew Kar Wai, Senior Executive Director, PwC Malaysia Lim Kian Tong, Vice President, Accounting Policy,

Group Finance, AmBank Berhad Representative from Malaysian Accounting

Standards Board Representative from Audit Committee 5.00pm End of Conference

The Companies Act 2016 is set to transform the business landscape and the responsibilities of the audit committee in enforcing good governance. Importantly, this session

• New management requirements under the new Act; • Utilisation of share premium/capital redemption account

• Consideration of effort and disclosure of business

addresses the impacts of these standards on business and oversight and recommends that the Audit Committee conduct a robust dialogue with management on IFRS matters to ease implementation. This session will also bring the standards’ impact on new assets, new liabilities and a front-loaded pattern of total lease expense to the Audit Committee’s attention.Moderator:Simon Tay Pit Eu, Executive Director, Professional Practices & Technical, Malaysian Institute of Accountants

Panellists:Siew Kar Wai, Senior Executive Director, PwC MalaysiaLim Kian Tong, Vice President, Accounting Policy, Group Finance, AmBank BerhadRepresentative from Malaysian Accounting Standards Board

Representative from Audit Committee

5.00pm End of Conference

Assoc. Prof. Dr Chan Wai Meng, Department of Business Strategy and Policy, Faculty of Business and Accountancy, University of Malaya

, Partner, Dispute Resolution, SKRINE, Partner, Assurance & Business Risks,

Yap Weng Seong, Unit Head, Regulatory Development & Services Division, Suruhanjaya Syarikat MalaysiaRepresentative from Audit Committee

• Consideration of effort and disclosure of business

, Department of Business Strategy and Policy, Faculty of Business and

, Partner, Dispute Resolution, SKRINE, Partner, Assurance & Business Risks,

, Unit Head, Regulatory Development & Services Division, Suruhanjaya Syarikat MalaysiaRepresentative from Audit Committee

Representative from Audit Committee

5.00pm End of Conference

FACILITATORS

RANJIT SINGHRanjit is Executive Director at Axcelasia Inc., and has 28 years experience in internal and external audit, risk management, governance, forensic accounting and transformation & programme management. He has led international engagements and had spoken at IIA

International Conferences. Ranjit was a past President of IIAM, a committee member of Global IIA’s Professional Issue Committee, had served as its Secretary, he also served as Vice President of the Asian Confederation of Institute of Internal Auditors. He is a member of MICPA, MIA, CPA Australia, and Malaysian Association of Risk and Insurance Managers; an associate member of ACFE, a Chartered Member of IIA, a Certifi ed Internal Auditor (United States) and holds a Certifi cation in Risk Management Assurance (United States). Ranjit holds a Master's Degree in Business Administration from Heriot-Watt University, Edinburgh, United Kingdom.

ASSOC. PROF. DR CHAN WAI MENGDr Chan Wai Meng is an Associate Professor in the Faculty of Business and Accountancy, University of Malaya. She lectures Company Law since she joined the Faculty in 1998. Wai Meng has published extensively. She authored the books Third Party Rights in Insurance

Law in Malaysia (Sweet & Maxwell Asia, 2008), Understanding Company Secretarial Practices in Malaysia (Cengage Learning, 2010) and Company Law in Malaysia (Cengage Learning, 2013). She is currently writing Essential Company Law in Malaysia: Navigating the Companies Act 2016 which is scheduled for publication by Sweet & Maxwell Asia in mid-2017. Prior to joining the academia, she was in legal practice and in the banking industry for ten years.

LEE SHIHLee Shih is a dispute resolution partner of the law fi rm Skrine. His work focuses on corporate disputes and corporate insolvency. He regularly speaks at various conferences and seminars on the Companies Act 2016. He has been invited to speak at the SSM National

Conference, the SSM National Insolvency Conference, the MIA International Accountants Conference and the MAICSA Annual Conference. He is the co-author of the book ‘Companies Act 2016: The New Dynamics of Company Law in Malaysia’.

BRIAN WONGBrian is Partner, Assurance & Business Risks at PKF Malaysia, with over two decades of professional experience in assurance, governance and business risk related services. He had served as Director and Audit Committee Chairman for several public companies and

is presently serving on the boards of several corporations on Bursa Malaysia, the Singapore Stock Exchange, and the London Stock Exchange. He is a Chartered Accountant with MIA, a Fellow with CPA Australia, CPA with the Khmer Institute of Certifi ed Public Accountants & Auditors, a Certifi ed Financial Planner, and a member of the Association of Certifi ed Fraud Examiners. He is a Council Member of MIA and serves in its Investigation, Audit & Risk Management, and Public Practice committees.

YAP WENG SEONG Weng Seong is Unit Head in the Regulatory Development & Services Division of Suruhanjaya Syarikat Malaysia. He has over 29 years experience in a wide range of industries including at an international fi rm specialising in audit, accounting and business advisory; the Royal

Malaysian Customs; as Financial Controller in the private sector; the Corporate Tax and Withholding Tax Sections of Inland Revenue Board of Malaysia where he gained knowledge on personal and corporate tax, tax audit, withholding tax and compliance tax, and also served as a Prosecuting Offi cer. He is a Fellow Member of ACCA, UK, member of MIA, certifi ed trainer with Pembangunan Sumber Manusia Berhad and has a Certifi cate IV in Training and Assessment by Management Consultancy International Pty Ltd, Australia.

DR GRACE MUI YANCHI Dr Grace Mui is Principal Research Consultant at Thye & Associates. Her primary research interests are internal auditing, governance, external auditing, and sustainability. Grace has been a recipient of several research grants and her research has been published in international

academic journals and practitioner journals. She received her PhD from the University of Queensland, Australia for her thesis titled ‘Auditor expert performance in fraud detection: The case of internal auditors’. Grace is a member of the IIA Malaysia Research and Technical Advisory Committee.

MOHD KHAIDZIR SHAHARI Mohd Khaidzir is the Executive Director at KPMG Management and Risk Consulting Sdn Bhd, and is one of the Partners in charge of Islamic Business Advisory services. He has provided governance, risk and assurance advisory services to GLCs, MNCs and

large Enterprises. He is also an advisor for the Accounting School at a local university. He is a Certifi ed Internal Auditor, Vice President of IIA Malaysia and chairs the Professional Practice Development Committee, a Chartered Accountant with MIA, and a Professional Member and Accredited Quality Assurance Reviewer of IIA Malaysia. He is also a member of the Federation of Malaysian Manufacturers’ Ethical Business Committee and National Mirror Committee on Social Responsibility. He holds a Bachelor in Accounting from International Islamic University, Malaysia.

WEE HOCK KEEHock Kee is Managing Partner of CG Board Asia Pacifi c, providing learning and leadership development in governance, risk management and internal control (GRC). His previous working experience includes being Regional Audit Director in AstraZeneca Plc UK (AZ) for

Asia Pacifi c, Middle East and Africa. He is a Research Fellow at HELP University, a faculty member of NIEW/MINDA, and at SIDC for their Capital Market Director Programme on Corporate Governance, and is involved in women directors’ training. He is a Chartered Fellow of IIAM, a Fellow of ACCA, and a Chartered Accountant with MIA. He was the past President of IIAM and Asian Confederation of Institute of Internal Auditors, a board member of IIA Global, a member of ACCA Malaysia’s Advisory and past Chairman of Internal Audit Working Group of MIA. He graduated with ACCA from Emile Woolf College London, and holds a Certifi cation in Risk Management Assurance (United States).

SIMON TAY PIT EUSimon Tay is the Executive Director of the Professional Practices and Technical division of MIA. He is also an Executive Director of PricewaterhouseCoopers (PwC) Malaysia. He has over 20 years of experience in auditing specialising in statutory and special audits across a broad

spectrum of industries including manufacturing of industrial products, logistics, property development and construction, trading and oil and gas. He is also a member of CPA Australia and the Vietnam Association of Certifi ed Public Accountants.

SIEW KAR WAIKar Wai is a Senior Executive Director at PricewaterhouseCoopers and leads the Accounting Consulting Services in Malaysia, a function that provides technical consultation for the assurance practice on fi nancial reporting matters, as well as conducting quality

review of fi nancial statements. She also designs and instructs training courses on various accounting topics, and has spoken at various seminars and outreach meetings on the new Malaysian accounting standards. She is a member of MIA and MICPA, and an active participant in various working groups and technical committees with the MASB, MIA and MICPA.

REGISTRATION FORMPlease o the appropriate checkboxes.

Audit Committee Conference 2017 – Making an Impact

PROGRAMME FEES

Member | RM 1,007Boardroom clients/ associates | RM 1,007Non-member | RM 1,219Group (3 pax and above from the same organisation) | RM 848

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PROGRAMME DETAILS & REGISTRATION

5 April 2017 (Wednesday)Connexion Conference & Event Centre @ Nexus Bangsar South, Kuala Lumpur

Contact : Fara Tel : 03 2722 9194Fax : 03 2722 9009Email : sp@mia.org.my Address : Malaysian Institute of Accountants Dewan Akauntan Unit 33-01, Level 33 Tower A, The Vertical Avenue 3, Bangsar South City No. 8, Jalan Kerinchi

59200 Kuala LumpurGST No. : 000955203584

Contact : Haslizan / Josie / HairulTel : 03 2181 8008 ext 210/213/212Fax : 03 2181 1717Email : conference@iiam.com.myAddress : The Institute of Internal Auditors Malaysia 1-17-07, Menara Bangkok Bank Berjaya Central Park 105 Jalan Ampang 50450, Kuala Lumpur

Contact : Alex LeeTel : 03 7720 1139/1155Fax : 03 7720 1111Email : alex.lee@boardroomlimited.comAddress : Boardroom Corporate Services (KL) Sdn Bhd Lot 6.05, Level 6, KPMG Tower 8 First Avenue, Bandar Utama 47800 Petaling Jaya Selangor Darul Ehsan

IMPORTANT NOTES:Registration is on a first-come-first-served basis. Only fully completed registration form will be processed.

PROGRAMME FEE • FeeispayabletoMALAYSIAN INSTITUTE OF ACCOUNTANTS • Feeincludescoursematerials,lunchand2teabreaksperday.• Fullpaymentoftheaboveamountshallbemadewithinthirty(30)daysfromthedateofthe

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