Upload
ngotu
View
239
Download
1
Embed Size (px)
Citation preview
ISSUE 03/2017JUL – SEP 2017
KDN PP 7705/04/2015(032230)
An exclusive publication for Members of The Institute of Internal Auditors Malaysiawww.iiam.com.my
2017 progress through sharing
At a
IN TOUCH
GlanceCIA Review Seminar 3
Meeting With IHS Global (Malaysia) Sdn Bhd 6
2017 International Conference in Sydney, Australia 9
Forensic Accounting & Fraud Examination 1 1
2017 Updates 1 3
President Hazmi KassimCMIIA , BA in Accounting (Aust.), FCPA, CA(M)
Vice President Alan Chang Kong ChongCMIIA, CIA, CFSA, CPA (Aust.), Chartered Banker (Asian Institute of Chartered Bankers, AICB), Certified Credit Professional (AICB), B.Econ (Sydney Uni., Aust.)
Mazliana MohamadCMIIA,CRMA, CIA, ACMA, CGMA, CA(M)
Hon. Secretary Sanjay SidhuCMIIA, CISA, CA (Scotland)
Hon. Treasurer Renganathan NarasinghamCMIIA
Immediate Past President Lucy Wong Kam YangCMIIA, CIA, CRMA, FCMA, CGMA, CA(M), MBA(Aust.)
Governors Walter SandosamCFIIA, CIA, CFSA, CFE, B.SC(HONS)(UK)
Nickson Choo Wei Sin CMIIA, CISA, CFE, CA(M), B.ACC(HONS)
Renganathan Narasingham CMIIA
Norchahya Ahmad CMIIA, CIMA
Wong Chiang Meng CMIIA, CIA, CRMA, CPA, CA(M)
Philip Satish Rao CMIIA, CA(M), CPA(M), CPA(Aust.)
Ranjit Singh, CFIIA, CIA, CRMA, MBA(UK), CA(M), CPA(M)
Vijayam Nadarajah, CFIIA, FCPA, CA(M)
Zainal Akbar Abdul KaderCMIIA, B.Com (Aust.), CRMA, ASA (Aust.)
Suhailah Mohamed AbdullaCMIIA, CIA, CCSA, CPA(M), CA(M)
CHAIRMAN
Sarawak District Society Francis Lou Chee Ngee AIIA
Auditor Baker Tilly Monteiro Heng
Solicitor KC Lim & Co
STAFF
Executive Director Muhammed Noh Kaderan B.Acct (Hons), CA(M), CMIIA
Head of Commercial Geetha Kanny MBA
Head of Technical Alyssa Hew CIA
Manager Irwan Noor Hadi Dahili B.Comm(Hons)
– Professional Development
Manager Aananthi Kanan Vede ACCA
– Finance & Corporate Services
Manager Muhammad Mahendra Abdulla AIIA
- Technical
Assistant Manager Siti Arafah Abdul Aziz BSc(Hons)
– Certification
Senior Technical Executive Noor Adiha Abu Bakar BBA(Hons)
Senior Technical Executive Muhammad Nazim Ab. Rahim BAcc (Hons)
Senior Accounts Executive Azrul Mansor BFin (Hons)
Senior Executive Jwalita Ramachandra
– Professional Development
Training Executive Josie R. Omilda
Training Executive Haslizan Mohd Zainal BMgt(Hons)
Training Executive Amy Zuhaira Mohd Ali B.Econ (Hons)
Administrative Executive Raja Nur Aina Raja Mohammad Noordin B.Econ (Hons)
Administrative Executive Norasyiqah Abdul Rahman BSc(Hons)
Accounts Executive Siti Aisyah Md Jaafar BAcc(Hons)
Membership Executive Azmira Hajar Azmir B.Event Mgt (Hons)
Membership Executive Hairulanuar Kamaruddin BSc. QS (Hons)
Certification Officer Nur Atikah Abdul Aziz BBM (Hons)
Despatch Cum Office Assistant Hamdani Mohd Sahit Mashud
EDITORIAL BOARD
Chief Editor Dr Suresh Kannan PHD, MBA, BA (Hons) Acc, CMIIA
Production & Circulation Geetha Kanny MBAAzmira Hajar Azmir B.Event Mgt (Hons)Hairulanuar Kamaruddin BSc. QS (Hons)
THE INSTITUTE OF INTERNAL AUDITORS MALAYSIA1-17-7, Menara Bangkok Bank, Berjaya Central Park105, Jalan Ampang, 50450 KUALA LUMPUREmail: [email protected] website: www.iiam.com.my
Printed by: PENCETAK WENG FATT SDN BHD (19847-W)
Lot 6, Lorong Kilang A, Off Jalan Kilang, 46050 Petaling Jaya, Selangor Darul Ehsan.
BOARD OF GOVERNORS AND STAFF2016/2017
editorsays
contents
1 I Keeping In Touch
I came across a recent article written by an internal auditor of an university in USA. She
was commenting on audit customers who get personal when shortcomings are
reported. These type of incidents have been part and parcel of the profession for a
long time. Then I read another article written by Richard Chambers and Paul
MacDonald entitled “ 7 Attributes of Highly Effective Internal Auditors”. In that article,
the authors quoted ‘relationship building’ as one of the seven attributes.
Interestingly, that article quoted that there is no such thing as ‘Just-in-Time
Networking”. The authors advised that it take time to develop healthy deep
relationship and trust with the audit customers. I tend to concur with the authors as
internal auditors need to invest their time to comprehend their audit customers. To
begin with, they should start networking with fellow internal auditors possibly
through the networking sessions organized by the institute. Two networking sessions
were recently held, one in Penang and the other in Kuala Lumpur. For more details,
refer to the membership section of this newsletter.
Blissful reading.
Dr Suresh Kannan
Chief Editor
VISIONInternal Audit professionals will be recognised as indispensable to effective governance, risk management and control.
MISSIONTo provide dynamic leadership for the profession of internal auditing. Activities in support of this mission will include, but will not be limited to:• Advocating and promoting the value internal audit professionals add to their
organisations.• Providing comprehensive professional educational and development opportunities,
standards and other professional practice guidance, and certification programmes.• Researching, disseminating, and promoting knowledge concerning internal auditing
and its appropriate role in control, risk management, and governance to practitioners and stakeholders.
• Educating practitioners and other relevant audiences on best practices in internal auditing.• Bringing together internal auditors from Malaysia and Asia to share information and
experiences.
OBJECTIVES1. To be the recognised voice for the internal audit profession;2. To develop and sustain the internal audit profession in Malaysia through appropriate
infrastructure, coordination, support and communication; and3. To provide exceptional service to IIA Malaysia’s members.
MOTTO : “PROGRESS THROUGH SHARING”The Institute maintains its motto “Progress Through Sharing” and share with our members information on new trends, latest internal audit techniques, regulatory and statutory requirements and the emerging issues affecting the profession.
Certification and Academic Relations 2Membership 4New Releases 7Professional Development 9Technical 13
editor says
Keeping In Touch I 2
academic relationscertification and
CIA Brie�ng SessionThe 3rd session of CIA Briefing Session was conducted on 9 September 2017 with a turn up of fifteen (15) candidates. It was an effort to
assist CIA candidates to prepare for their exams. A briefing on CIA exam process flow was conducted during the session.
During the briefing, the trainer i.e. Lim Hooi Hoon, Member of IIA Malaysia Certification and Academic Relations Committee (CARC)
focused on ‘How to Prepare for CIA’ and the exam technique to answer CIA questions.
Career Talk PresentationA series of presentation for institutions of higher learning took place
in the month of August 2017. We visited UNITEN, AIMST University
and UNITAR International University on 9, 15 and 21 August
respectively.
During the talks members of IIA Malaysia presented talks on Career
as an Internal Auditor and also shared the challenges and skills
required to be an internal auditor. During the talk, the speaker
highlighted the core internal audit functions and activities, how
Internal Audit Profession adds value, the attributes/characteristics of
a good internal auditor, who can be an internal auditor, and the
Internal Audit Career Path. Students were also briefed on
membership benefits, special discount for CIA programme and
internship opportunities.
Most of the students showed their interest in the internal audit
profession and posed relevant and interesting questions to the
speaker. Overall, the talk achieved its objective to create awareness
among the students.
IIA Malaysia would like to express its appreciation to Zahran
Tasliman, Chief Audit Executive, QSR Brands (M) Holdings Sdn Bhd
and Alan Hamzah Sendut, Independent Non-Executive Director,
Hong Leong Islamic Bank Berhad for sharing their valuable
experience with the students.
CIA Review Seminar
academic relationscertification and
3 I Keeping In Touch
IIA Malaysia had organised its 2nd session of CIA Review Seminar to assist CIA candidates to prepare to pass the CIA examination.
The seminars were conducted in July/August 2017.
Collaboration With AIMST University (Higher Education Fair 2017)
An education Fair 2017 was held on 19 & 20 August 2017 in Mid Valley, Kuala Lumpur. AIMST University took part in the education fair to
promote its programmes to school leavers, university students, working adults, members of the industry and the general public who
were seeking higher education opportunities.
IIA Malaysia had assisted AIMST University in promoting its Bachelor of Science (Hons) Internal Auditing Management programme. The
course is a 3 ½ year programme that provides a thorough grounding in internal auditing, within a strong social science framework.
IIA Malaysia played a role in creating awareness of the Internal Audit as a profession, created brand advocacy and suggested internal
audit as one of the chosen career path.
The sessions were attended by candidates from
various companies, namely Johor Land Berhad,
Sime Darby Berhad, CIMB Bank Berhad.
During the seminar, candidates benefited from the
discussion on the topics they struggle with and
the trainer guided them to further enhance the
understanding of those challenging topics.
Part 1 Amos Law
10-11 July 2017 (2 days)
Part 2 Lim Hooi Hoon
14 & 17 July 2017 (2 days)
Part 3 Dr Grace Mui & Dr Eddy Yap
9-11 August 2017 (3 days)
Employment advertisement space is available in our website for members who are interested in advertising internal audit job
opportunities with a minimal cost. You will be able to reach out to target audience from a wide range of sectors including banking,
insurance, manufacturing, services, educational, constructions and many more.
Please contact the Membership department at 03-2181 8008 Ext 216/217 or email to [email protected] /
[email protected] if you are interested in advertising in the website.
Advertise With Us
WELCOMENew Members from Jul - Sep 2017Professional Members
Jeshurun Yong Say Kon 211140
Aeidi Ridzwan Dol Razlan 211150
Mohd Zainuddin Kamar 211157
Wong Yen Lee 211176
Lee Chun Lim 211186
Young Wei Han 211209
Associate Members
Azlan Adnan 211134
Lee Ming Yee 211135
Zalina Shafe’e 211136
Aizen Yeoh Poh San 211137
Prabhu A/L Murugesu 211138
Anas Farhan Zakaria 211139
Mohamad Rizal Mohd Hidzir 211141
Abd Rahman Abd Samad 211142
Ho Yong Ling 211143
Nurulhuda Tahwan 211144
Jusdave Singh A/L Jit Singh 211145
Shafila Sarkawi 211146
Choong Hor Long 211147
Nurul Liyana Jufree 211148
Ami Norzira Haris 211149
Nazuha Mohamad 211151
Nurfatiyah Mohd Zaimi 211152
Suhaila Selamat 211153
Hoe Yu Li 211154
Mohd Syazwan Mohd Rosli 211155
Norhisham Nordin 211159
Chin Nyet Fong 211160
Leong Chee Chew 211161
Teh Boon Ang 211162
Tay Boon Lai 211163
Low Hut Hut 211164
Chin Mee San 211165
Law Yong Fu 211166
Mega Bidara Herrynaldi 211167
Faren Izzuan Mohd Rajil 211168
Amir Zuhair Abdul Khalid 211169
Muhammad Nizar Zulkafli 211170
Muhamad Marwan Asnawi Rosdin 211171
Nik Syazwani Nik Badrul Hisham 211172
Farrazurin Mohamad Feezar 211173
Adil Mahdi Shabaruddin 211174
Noor Shamimi Idris 211175
Hairil Hakim Lokman Cecil 211177
Vijayanthran A/L Rajanthran 211178
Zeno Paulus 211179
Mohd Shaharuddin Masri 211180
Tahar Talib 211181
Mohd Azian Abdul Hamid 211182
Looke Siew Yin 211183
Huzairi Hamsur 211184
Wong Sze Sean 211185
Sio Li Pei 211187
Melissa Lau Yee Suo 211188
Vijayandren A/L Nachiappan 211189
Maraine Md Kassim 211190
Tan Soon Keang 211191
Teh Chin Sing 211192
Cornelia Dumis 211193
Tony Millon 211194
Wan Julaiha Wan Sulong 211195
Joeuena Chow Mann Hwa 211196
Goy Ke Tee 211197
Matthew Gerald Sahayan 211199
Mohamad Zulkarnain Awang @ Alim 211200
Chee Yew Meng 211201
Fakrul Naaim Khalib 211202
Mustaqim Ismail 211203
Mohd Ridzuan Mat Jusoh 211204
Anuar Ramlan 211205
Ngiam Shi Hunt 211206
Khaw Kuan Yee 211207
Siow Fe Loong 211208
Kam Kok Wai 211210
Dang Hwa Siong 211211
Upgraded Members - Associate to Professional
Mohd Zaki Abdullah 207158
Kalvinder Kaur A/P Sukh Dev Singh 210803
Chin Yee Mun 209275
Mohd Zulfarham Abd Wahab 210589
Hazman Abu Hassan 210513
Chow Kim Wai 211128
Upgraded members - Student to Associate
Muhammad Safwan Khalit 210464
Corporate Member
Lembaga Pelabuhan Johor C0449
UMW Oil & Gas Corporation Berhad C0450
Habib Jewels Sdn Bhd C0451
ORIX Leasing Malaysia Berhad C0452
membership
Keeping In Touch I 4
5 I Keeping In Touch
membership
Let’s contribute and grab the opportunity to share your thoughts
with your friends in the internal audit fraternity. The Editorial Board
welcomes contributions from members. We accept articles, short
stories, jokes, tips, etc.
We encourage submission of fraud findings and audit stories that
reflect the new age of internal auditing – those that emphasise best
practices, use of technology and value-added results. If your article is
published, you will be awarded a token from IIA Malaysia.
Love to write?Membership update form is available at www.iiam.com.my.
To update your information, please fill in the membership
update form and email to [email protected]
Please contact the Membership department at
03-2181 8008 Ext 215/216/217 for further assistance.
Membership Update Form
Networking Session in Kuala Lumpur
Membership department have organised 2 networking session in Kuala
Lumpur within July to September 2017. On 4th August 2017, a half day session
was held in IIA Training Hall for the topic “Lean Auditing”.
It was a lively, enlightening yet inspiring session led by two speakers, Madhu
Marimuthu and Manickavasagam who demonstrated the use of lean principles
and techniques to both inspire and support internal audit function by driving
out unproductive activities and adding values. The speakers emphasize the
techniques that will lead internal auditors with tools they need to benchmark
current audit plans reports and approaches to internal audit work.
Meanwhile on 14th September 2017, IIA Malaysia has invited Tichaona Zororo,
President of ISACA South Africa to speak on “Internal’s Audit Role in IT
Development to Drive Business Innovation”. The 2 hours session explored the
changing focus of IT auditing and highlighted the critical areas where internal
auditors can add real value. In this fast paced environment, the internal
auditors is a unique position to add business value and improve organisational
operations through agile IT audits.
Participants were given the opportunity to exchange opinions and share their
experience throughout the session with the speaker. Overall, the session was
very educative for the participants and will aid them in their daily function as
an Internal Auditor.
For enquiry, please contact membership department at 03-2181 8008 Ext 215/216/217
or e-mail [email protected]
Note: All fees are subjected to 6% GST
Rejoining fee of RM100 will be charged to members who fail to renew their membership in 2017
Have you renewed your membership for 2017?To ensure uninterrupted services and benefits from IIA Malaysia, do not forget to renew your membership with the Institute.
4 easy ways to renew your membership:
• Cheque or bank draft made payable to: THE INSTITUTE OF INTERNAL AUDITORS MALAYSIA
• Direct bank-in / Online transfer to the Malayan Banking account no: 5144 0450 1825 (please email the bank-in slip to [email protected])
• Credit Card (please obtain the authorisation form from the website)
• Online Banking www.maybank2u.com.my (please email a copy of your online transaction to [email protected])
Don’t Delay, Renew Today!
Members’ Networking Session in PenangThe first networking session in
Penang this year has been held
on 14th August 2017 at The
Vouk Hotel Suites, Penang. The
topic for the session was “The
State of Fraud and Corruption
in Asia-Pacific” presented by
Raymond Ram from FAFE
Management Consultancy.
The session provided a holistic
view on global and regional
efforts against fraud and
corruption while highlighting
research findings published by
well-known organizations,
agencies and multinationals. The speaker also discussed the latest
legislative reforms, recommendations by recognised bodies and
Asia-Pacific state efforts before shifting focus to national efforts.
Participants were given opportunity to interact with one another,
share their experience and challenges they may encounter to
prevent threats to modern-day business.
The session ended successfully with many informative and
valuable insight shared with participants to guide them in their
future audit.
Meeting with IHS Global (Malaysia) Sdn Bhd
IIA Malaysia has visited IHS Global (Malaysia) Sdn Bhd (Penang
branch) on 14th August 2017 for a meeting with the Internal
Audit team. The main agenda of the meeting was to meet with
the Internal Auditors in Penang and how IIA Malaysia can
contribute to the progression of IA in Penang. The discussion was
totally focused on improving our service to members and getting
feedback about IIA Malaysia. This initiative will be continued in
future and IIA Malaysia is planning to have more meeting with
members to spread the IA awareness which integrated with our
motto “Progress through Sharing”.
membership
Keeping In Touch I 6
7 I Keeping In Touch
newreleases
COSO Enterprise Risk Management - Integrating with Strategy and Performance
The most widely recognised and applied risk management framework in the world, Enterprise Risk Management - Integrating with Strategy and Performance addresses the evolution of enterprise risk management and the need for organisations to improve their approach to managing risk to meet the demands of an evolving business environment. This new version replaces Enterprise Risk Management—Integrated Framework from 2004.
This new 2017 update highlights the importance of considering risk in both the strategy-setting process and in driving performance. The first part of this updated publication offers a perspective
on current and evolving concepts and applications of enterprise risk management. The second part, the Framework, is organised into five easy-to-understand components that accommodate different viewpoints and operating structures, and enhance strategies and decision-making.Key Features and Benefits• Focused framework that is easy to follow with
5 interrelated components broken up into 20 different principles
• The principles are manageable in size, and they describe practices that can be applied in different ways for different organisations regardless of size, type, or sector. Adhering to
these principles can provide management and the board with a reasonable expectation that the organisation understands and strives to manage the risks associated with its strategy and business objectives.
• Framework is future-focused and discusses several trends that entities are likely to face and will have an effect on enterprise risk management, such as:
– Dealing with data proliferation – Leveraging artificial intelligence and
automation – Managing the cost of risk management – Building stronger organisations
The primary change in this 4th edition is to incorporate the comments and explanations of Staff Audit Practice Alert No. 11 and subsequent publications by the U.S. Public Company Accounting Oversight Board (PCAOB). There is a new section on management review controls, a more general chapter on the impact of the PCAOB’s examinations, and a chapter that discusses
prosecutions under Sarbanes-Oxley. A helpful checklist that helps management teams complete a self-assessment and ensure their Sarbanes-Oxley program is efficient is also included.
This book has a high-level section for CEOs and CFOs who must sign off on required internal controls-related reports, as well as detailed
guidance for managers of their company’s Sarbanes-Oxley programs. It is written for management by an experienced head of internal audit who has been involved with The IIA’s advice and guidance on Sarbanes-Oxley compliance since 2002. It incorporates and reflects up-to-date guidance from the U.S. Securities and Exchange Commission (SEC), the PCAOB, and The IIA.
Management’s Guide to Sarbanes-Oxley Section 404, 4th Edition
By : Committee of Sponsoring Organisations of the Treadway Commission
Publication Date : June 2017
By : Norman Marks, CPA, and CRMA
Publication Date : October 2017
When it comes to marketing and internal auditing, chances are you don’t envision the two departments as part of a collaborative effort for the good of the organisation. Marketing is the pie-in-the-sky service where creativity trumps controls every time. Internal audit is the down-to-earth activity where common sense drives the mitigation of risks.
Message, Brand, and Dollars shows how these two opposites can work together to drive an organisation’s marketing success. Peter Scott and Mike Jacka, leading experts on social media
compliance and coauthors of Auditing Social Media: A Governance and Risk Guide, explain:• The difference between auditing marketing
and auditing the marketing department.• The key documents unique to
marketing—creative brief, brand standards manual, image standards, and media strategies—that help guide operations.
• The role of brand management, creative services, and media (including social media) in achieving marketing strategies.
• The unique requirements of agency relationship management, how these support
the overall operations, and where things might go wrong.
• Ways internal audit can review marketing activities to help ensure risks have been properly identified and appropriate controls have been established.
What not only makes the practice of marketing a challenge—but also the performance of an internal audit—are the many ways to develop, implement, staff, and direct activities. Message, Brand, and Dollars contains
Message, Brand, and Dollar: Auditing Marketing OperationsBy : Peter R. Scott, APR J. Mike Jacka, CIA, CPCU, CLU, CPA
Publication Date : October 2017
Internal Audit Capability Model (IA-CM) for the Public Sector
Application/implications for internal auditors:
The IA-CM will continue to be a global model
that identifies the fundamentals needed for
effective internal auditing. As noted in the
original IA-CM publication, the IA-CM is:
• A communication vehicle — a basis for
communicating what is meant by effective
internal auditing and how it serves an
organisation and its stakeholders, and for
advocating the importance of internal
auditing to decision makers.
• A framework for assessment — a framework
for assessing the capabilities of an IA activity
against professional internal audit standards
and practices, either as a self-assessment or
an external assessment.
• A road map for orderly improvement — a
road map for building capability that sets out
the steps an organisation can follow to
establish and strengthen its IA activity.
By : Elizabeth MacRae, CGAP, and Bruce C. Sloan, CPA, CA, CRMA
Publication Date : November 2017
Publish By : The Institute of Internal Auditors
Assessing and Managing Strategic Risks
Today’s dynamic risk environment has increased
the need for internal auditors to help their
businesses identify, address, and manage the
strategic risks facing the business.
Research on internal audit stakeholders
conducted as part of The IIA’s Common Body of
Knowledge (CBOK) 2015 study confirms that
executive management and directors expect
and value internal audit expanding its roles to
include both providing assurance over the
organisation’s strategic risks and assisting
management to enhance their risk management
processes over strategic risks.
While the book discusses key concepts and
possible roles and activities for internal audit
related to strategic risks, the primary focus of the
book is on two key processes: the assessment of
strategic risks and strategic risk management. It
provides frameworks on strategy and strategic
risks and a basic strategic risk assessment
methodology. Also included are helpful tools
such as strategy maps, risk heat maps, a strategic
risk management diagnostic, and detailed
process charts.
This book is designed to provide internal
auditors with sound, practical advice that can
better enable them to meet this critical
challenge and add this dimension to their
existing risk assessment processes.
By : Richard J. Anderson, CPA, and Mark L. Frigo, PhD, CPA, CMA
Publication Date : November 2017
Publish By : The Institute of Internal Auditors
Keeping In Touch I 8
comingsoon
1,525 paying delegates attended from 87 countries. With speakers, exhibitors, sponsors,
guests, volunteers and staff over 2,000 participated in one way or another.
There were a number of firsts for the international conference:
• A comprehensive Risk Management Plan was developed with mitigation tasks against
each of the identified risks
• Terms of Reference were developed for each of the sub-committees supporting the
conference
Keeping In Touch I 109 I Keeping In Touch
professionaldevelopment
professionaldevelopment
IIA-Australia hosted the 2017 International
Internal Audit Conference in Sydney from 23-26
July. The conference theme was LIVE the Global
Experience: Leadership – Innovation – Value –
Effectiveness. These four sub-themes were
supported by leading keynote speakers.
The conference itself boasted more than 70
concurrent speakers from around the world. There
was something for everyone, with the Educational
Streams including:
• People and Relationships: Reinventing the
Personality of Internal Audit
• Practice Management: Creating Innovation and
Effectiveness
• IT Auditing: Addressing Digital Risks and
Opportunities
• Case Studies: Auditing in Motion
• Digital Dawn: Pioneering the New Frontline
• Risk management: Building New Value
• Public Sector: Delivering Value for the
Community
• Financial Services: Taking the Lead on Good
Governance
• Social Business Engagement: Engineering a
Healthier Bottom Line
delegates picture perfect views across Circular Quay, with its bustling ferries, to
the Sydney Opera House.
The Welcome Reception saw long queues of delegates waiting to meet and be
photographed with a koala, kangaroo, wombat, baby crocodile, and snake.
The Gala Party was unlike the staid sit-down affairs of previous conferences.
The Gala Party provided the opportunity to network and socialise with fellow
colleagues and friends in one of Sydney’s most scenic and iconic locations,
whilst sampling some of Australia’s finest foods and beverages.
The feedback from the conference has been overwhelmingly positive.
We wish IIA-Singapore every success as the next ACIIA host of the International
Conference in 2021.
2017 International Conference in Sydney, Australia
• An Audit & Risk Committee Forum was conducted on
day-one of the conference as a separate stream for
company directors
• Keynote speakers were live-streamed to countries outside
Australia
With glorious sunny weather following cool crisp mornings,
delegates saw Sydney at its very best. The conference was held
at the new International Convention Centre at Darling Harbour,
a 10 minute stroll to the CBD, which has amazing views of the
Sydney skyline. And the venue for the Gala Party allowed
11 I Keeping In Touch
professionaldevelopment
KUALA LUMPUR, 19 July 2017 - IIA Malaysia, in collaboration with
Bursa Malaysia organised a half-day programme for Chief Internal
Auditors. The program, entitled “Effective Internal Audit Function
For Chief Internal Auditor (CIA) Workshop”, was held at Bursa
Malaysia Berhad. This workshop was attended by over 50 CIAs and was
successfully conducted by Mr Philip Satish Rao, Partner Risk Service
Practice Ernst & Young (EY) Malaysia. In his 26 years with EY, Mr Philip
has served on various external and internal audits, risk management
and corporate governance, and corporate finance engagements apart
from the experience gained through secondments both overseas and
locally. Through the workshop, Mr Philip aims to ensure that internal
audit profession has to be recognized as provider of assurance, advice
and insights that adds value to the organization. The workshop gave
the CIAs an opportunity to gain first-hand insight from Mr Philip in the
field of corporate governance and audit best practices.
E�ective Internal Audit Function For Chief Internal Auditor (CIA) Workshop
PULAU PINANG, 14 August 2017 – The Institute
of Internal Auditors Malaysia (IIA Malaysia)
successfully organised a half-day training entitled
“Forensic Accounting & Fraud Examination” on
14 August 2017 at Vouk Hotel Suites, Penang. The
workshop has been successfully conducted by Mr
Raymon Ram. Mr Raymon is an advocate against
Economic Crime, having published numerous
articles and case analyses on the subject matter. Mr
Raymon is a Certified Fraud Examiner with Master’s
Degree in Economic Crime Management from a
leading higher institution in Malaysia and has
facilitated various anti-fraud courses, hosted
awareness talks and led his team to complete
corporate fraud investigations, asset recovery
exercises and assisted in restructuring operations
at the Malaysian Association of Certified Fraud
Examiners (MACFE). During the training, Mr
Raymon, who is also a passionate researcher,
shared his knowledge and guided the participants
through the field of Forensic Accounting and
Fraud Examination. In addition to that, participants
were also given insights on some of the best
practices to mitigate the risks of fraud within their
organizations and how to handle cases from initial
allegation to prosecution.
Forensic Accounting & Fraud Examination
Disclaimer
Opinions expressed herein do not necessary represent those of IIA Malaysia. Neither IIA Malaysia or the Editorial Board is responsible for the
accuracy of any statement, opinion or advice contained herein. Readers should rely on their own due diligence in making decisions concerning
any matter herein. All materials in any form contained herein are copyrighted by IIA Malaysia. Reproduction and/or storage and/or retrieval in
whole or part in whatsoever manner is not permitted without the written consent from IIA Malaysia.
Publisher : The Institute of Internal Auditors Malaysia
Typesetting : Bluefish Design
�e Institute Of Internal Auditors Malaysia – Maldives Transport And Contracting Company PLC.
KUALA LUMPUR, 4 August 2017 – The Institute of Internal Auditors
Malaysia (IIA Malaysia) successfully organised a 5-day workshop on
Beginning Auditor Tools & Techniques and Auditing Construction
Projects on 30 July till 4 August 2017 at the Ministry of Youth
Complex, Male, Maldives. The entire internal audit team of Maldives
Transport and Contracting Company (PLC) had attended the training
programme conducted by seasoned IIA trainer, Gurbakhish Singh.
This training programme had been specifically tailored to the
company’s nature of business i.e. transportation, construction, land
reclamation etc. The internal auditors had engaged with Mr
Gurbakhish Singh in an interactive session whilst learning the basics
and fundamentals of internal audit.
Keeping In Touch I 12
professionaldevelopment
technical
13 I Keeping In Touch
On 2 August 2017, a talk was conducted by Pn. Zalily Mohd Zaman
Khan on Competencies of the Chief Audit Executive (“CAE”). This talk
focus on the results of CBOK Report carried out by the IIA Research
Foundation – CBOK Development Team.
The speaker shared results and statistics on the CAE Career Paths:
Characteristics and Competencies of today’s Internal Audit Leaders
which encompassed their background, experience, certification,
competencies, training, and characteristics for the CAE.
The speaker also discussed on the Top 7 Skills CAE Want: Building the
right mix of talent in an organization. Among the top two skills most
sought after by CAE were analytical/critical thinking and
communication skills, followed by 5 technical skills required in
internal audit department of an organization i.e. accounting, risk
management assurance, information technology, industry-specific
knowledge, and data mining as well as analytics.
Among other results shared by the speaker, it is indicated the
attributes were relating to ethics, communication, relationship
building, management skills, and technical knowledge were necessary
elements of the CAE portfolio. The talk ended with a Q&A session with
38 participants present that afternoon.
Tea Talk
Common Body Of Knowledge (CBOK)The Global International Audit Common Body of Knowledge (CBOK) is the world’s largest ongoing study of the internal audit profession that
includes studies of internal audit practitioners and stakeholders. Below are the list of CBOK Practitioner and Stakeholder reports issued in 2017.
2017 UPDATES
CBOK Reports (Stakeholder Report) Date Issued
Stakeholders' Advice to the Chief Audit Executive March 2017
New Supplemental GuidanceSupplemental Guidance provides detailed guidance for conduction internal audit activities. These include topical areas, sector-specific issues, as
well as processes and procedures, tools and techniques, programmes, step-by-step approaches, and example of deliverables.
Supplemental Guidance (Recommended Guidance): Practice Guide - General Date Issued
Model Internal Audit Activity Charter March 2017
Engagement Planning: Establishing Objectives and Scope August 2017
Global Technology Audit Guide (GTAG)GTAGs are written in straightforward business language and address timely issues related to information technology (IT) management, control,
and security. Below are the list of GTAGs issued in 2017.
Supplemental Guidance (Recommended Guidance): Practice Guide - GTAG Date Issued
Understanding and Auditing Big Data May 2017
To access and read the CBOK Reports, Implementation and Supplemental Guidance, please visit http://global.theiia.org
OVERVIEWIn this day and age of rapid advancement in technology, the Internal Audit profession has the opportunity to be pro-active, productive and effective in mitigating the digital risks and staying current on innovative thinking and best practices. Internal audit also plays a key role in bringing technology awareness to the Board and Audit Committee.
Let’s take on the challenge and stay RELEVANT!
STAYING RELEVANT INA DIGITAL LANDSCAPEVENUE KUALA LUMPUR CONVENTION CENTRE, MALAYSIADATE 29-30 OCTOBER 2018
Register before31 March 2018
to enjoy Super SaverRate of USD 555*
Supported by:
* All fees are inclusive of 6% GST
Enquiry & Registration:1-17-07, Menara Bangkok Bank, Berjaya Central Park, 105 Jalan Ampang, 50450, Kuala Lumpur, MalaysiaTel: +603 2181 8008 Fax: +603 2181 1717 Email: [email protected] Website: www.iiam.com.my / www.iiamevents.com
Like us on The Institute of Internal Auditors Malaysia mainpage
IIA Member & Supporting Bodies
Fee Super Saver Rate Early Bird Rate Standard Rate (Before 31 March 2018) (Before 31 July 2018) (1 August onwards)
USD 555 USD 665 USD 885
Non-Member
Fee USD 610 USD 830 USD 1050
CONFERENCE FEEInclusive of 6% GST (USD per person)
2017TR AININGEVENTS FOR THE FOURTH QUARTERCALENDAR
Note: All fees are inclusive of 6% GST
* This seminar/workshop is in collaboration with ISACA
Legend:
a) Level I - Auditor with less than one year’s audit experience, responsible for gaining auditing knowledge, perspective and job performance skills.
b) Level II - Auditors with more than one year’s experience. Responsible include staff auditor training, planning, execution and completion of audits; and project leader duties.
c) Level III - Supervisory and management personnel responsible for multi-audit duties and participating in budgeting, planning, scheduling and monitoring activities or special projects. Persons responsible for managing the auditing department. Key responsibilities include auditing, planning, scheduling, budgeting, reporting and evaluating performance.
d) Level IV - Boards of Directors, Audit Committee Members, Chief Audit Executives, and Senior Management Personnel.
November
December
1 MR01 The New Malaysian Code on Corporate Governance – Miri 800.00 “Implications to listed issuers and their Boards and Management”
6 - 7 KL44 CAE IPPF / Path to Quality Forum Kuala Lumpur 3,000.00
6 - 9 KL45 Audit Manager Tools and Techniques Kuala Lumpur 2,800.00
7 KK01 Fraud Risk Management Kota Kinabalu 1,200.00
8 KK02 The New Malaysian Code on Corporate Governance – Kota Kinabalu 800.00 “Implications to listed issuers and their Boards and Management”
8 - 9 KL46 Performing an effective Quality Assessment Kuala Lumpur 3,000.00
11 KL80 Essentials on Financial Statement Fraud Kuala Lumpur 299.00
13 - 14 KL15 Financial Analytical Review Kuala Lumpur 2,300.00
14 - 15 KL74 Sampling Technique for Internal Auditing and Compliance Review Kuala Lumpur 2,350.00 “How many sample is enough?”
20 - 23 KL47 Beginning Auditor Tools and Techniques Kuala Lumpur 2,450.00
25 KL81 Professional Interviewing Skills for Fraud Examiners Kuala Lumpur 299.00
27 - 28 KL48 Corporate Governance Review Kuala Lumpur 2,050.00
28 - 30 KL49 High Impact Operational Audit of Human Resource Management Kuala Lumpur 2,150.00
4 - 7 KL50 Beginning Auditor Tools and Techniques Kuala Lumpur 2,450.00
4 - 7 KL51 Auditor-in-Charge Tools and Techniques Kuala Lumpur 2,550.00
11 - 12 KL43 Risk Management Assurance Kuala Lumpur 1,850.00
12 KL56 Payroll Governance Kuala Lumpur 1,000.00
13 - 14 KL70 Control Self Assessment Kuala Lumpur 1,850.00
13 - 14 KL65 Emerging Technologies and Innovative Fraud Management Kuala Lumpur 2,450.00
For further information call us today at Tel : 03-2181 8008 ext 214/213/212/211/210 or email us at [email protected]. The training calendar is also available at www.iiam.com.my