CSI IN PRACTICE

are proud to present a 2-DAY WORKSHOP ON

PROCUREMENT FRAUD
PREVENTION
&

INTERNAL CONTROLS
Emphasis on Detection & Deterrence

9th & 10th December, 2014,

Parkroyal Hotel, Kuala Lumpur, Malaysia
By Tommy Seah
WHO SHOULD ATTEND
This course has been developed for professionals working in the areas of:

Fraud Investigators, Internal & External Auditors, Accountants, Finance

Managers & Finance/Account Executives, Financial Controllers, Risk
Management Professionals, Legal & Compliance Officers, Company
Secretaries, Human Resource & Industrial Relations Professionals,
Management & Executive Staff and all those who are related to uphold of
Corporate Governance

LEARNING OBJECTIVES

To understand the meaning of Procurement FRAUD,

To pay attention on early detection and prevention of Procurement FRAUD,
To lay down the policy and controls to combat Procurement FRAUD,
To better understand and look out for RED Flags before Procurement FRAUD occur,
Proper protocol to detect Procurement FRAUD
Strategies and techniques that leads to a tighter control systems
Understanding various type of Procurement Fraud and solutions
Using various tools to help detect and help Procurement Fraud investigation

Background
Procurement is the acquisition of goods,
services or works from an external
source. Ideally, the goods, services or
works are appropriate and that they are
procured at the best possible cost to meet
the needs of the end user in terms of
quality and quantity, time, and location.
Corporations and public bodies often
define processes intended to promote fair
and open competition for their business
while minimizing exposure to fraud and
collusion.
To this end, some soft headed trainer
offers seminars entitled White Collar
crime is at your front door. Apart from
bad prose, it is an imbecilic assertion!
This is conceptually wrong and
professionally sloppy. It is wrong
because white collar crime very seldom
enters through the front door. Moreover,
it is not at the front door. It is already
indoor .Fraud is no respecter of person or
place. Given the popular misconception
and the defective training given by large
number of seminar organisers that jump
on this Procurement Fraud gravy train,
CSI In Practice has decided to correct a
wrong that is being perpetrated by
unscrupulous seminar organisers.
To prevent Procurement fraud, there is a
need to understand that Internal controls
are a system consisting of specific
policies and procedures designed to
provide management with reasonable
assurance that the goals and objectives it
believes important to the entity will be
met.
In this seminar, we will not only examine
the effectiveness of internal controls to
mitigate procurement fraud but also
highlight the limitations of internal
controls.
THE CONCEPT

DAY ONE
MORNING
THE REALITIES OF
PROCUREMENT FRAUD AND
INTERNAL CONTROLS
What is Procurement fraud
Motive, rationalisation and opportunity
for procurement fraud
How to identify and spot different fraud
Schemes
The legal elements of fraud
CASE STUDIES for Procurement Fraud
AFTERNOON
The distinction between Internal Audit,
Risk Management and Compliance
What are internal controls?
Internal control myths and facts
Why internal controls fails
Understanding the documentation of
Internal control systems
Why is Desk Checking an ineffective
Technique
SEATA Concepts and objectives
Control techniques (preventative and
detective techniques)

Lord Actons dictum, Power tends to

corrupt, and absolute power corrupts
absolutely. Great men are almost always
bad men, even when they exercise
influence and not authority. This
statement rings true till this day. But it
has since been extended to any man that
has some power over anything.
Following the sacking of a Singaporean
senior SPH executive in September 2010
for receiving illegal payments and
misappropriating shopping vouchers, two
senior officials of a government-linked
agency - Singapore Land Authority
(SLA) are under investigation for
corruption. So, what was offered as the
panacea to this embarrassing and
intractable problem? The usual remedy is
that we have strengthened internal
controls and two new persons is now in
charge of the process. Our observation
is that, if this can work, why was it not
put in place. The simple truth is that
asking accounting and audit firm on what
to do in such a case is not dissimilar to
asking the butcher what to take for the
pain in the neck. The truth be told, the
external auditors and accountants
themselves did not know any better. It is
not really their fault. After all, the
question was posed to the wrong
profession. If it is about fraud, the
question should always be posed to a
CSI. No one, absolutely no one in the
world is more qualified to do the job.

DAY TWO
MORNING
INTERNAL CONTROLS AND THE
EFFECT OF BRIBERY AND
CORRUPTION IN PROCUREMENT
Is it profitable to commit crime Is the
saying Crime does not Pay True or
False ?
Identifying and understanding the
characters of fraudsters
Understanding collusion, bribery, illegal
gratuities, extortion, conflicts of interest,
and extortion.
Methods of making and concealing illegal
payments and detecting corruption
schemes
Case study
AFTERNOON
Re-examine the concept of Minority
Tyranny
What kind of help is needed by the internal
auditors for procurement fraud
investigation
An update on the :
How to go about documenting internal
control systems,
Tools for detecting Procurement Fraud

WHATS THEY SAID ABOUT THIS

COURSE
Very resourceful. Very good and
entertaining presenter
Excellent, I learned a lot from this
workshop.
Presentation through real experience
from round the world
Very practical and hands-on approach

Tools for Procurement Fraud

Investigation
Case Studies and sharing of Procurement
Fraud Investigation experience
Q&A
Photo taking session

e-Marketing Sponsor

Tommy Seah,
Accountant, Banker, Auditor, Digital
Forensics Specialist, Risk Manager,
Compliance Invigilator, Certified
Fraud Examiner

SPEAKERS PROFILE
Tommy is someone that you would like to meet and to know. Straight talking, sincere, kind, helpful and
without pretences, he is truly a man of strong conviction and blessed with many practical talents. First
and foremost, he is a World Class hands-on accountant He has worked as an Accountant for some of
the largest companies in the world. He is a tried and tested accountant with a very firm grip on financial
products. Because of his grip on the subject matter, his services in providing technical training is much
sought after by numerous banks in the region, including Germany, Singapore, Malaysia, China,
Indonesia, Philippines and Taiwan. He has just finished training Anti-Narcotics Officers from at least
seven Asean countries. Tommy's other professional achievements would have been the objects of
envy for many of his peers. Some of the better known fact is that he is the only Chinese Singaporean
that sits on the ACFE Board of Regents in Texas, USA. In the year 2006, his strategic management
skills were put to the test and his contribution was duly acknowledged when he was elected the ACFE
Board of Regents, Vice-Chairman. Based in Austin, Texas, ACFE is the best recognized and largest
Fraud Examination Body in the world. While in Singapore, he also help founded the CSI World
Headquarters, a Digital Forensics Certification body.
To this day, he is the Chairperson Emeritus for the CSI World Headquarters. His previous work
experience includes systems based auditing in an American International Bank, where he was the
Senior Regional Auditor responsible for the Bank's audit in the Asia Pacific region. He has also held
the top executive position of Chief of Internal Audit in a prime offshore bank where his audit duties
cover the Singapore and Hong Kong operations of the bank. He covers all areas of the bank's audit of
operations and IT systems. He also has practical working experience in the Operations Department of
a foreign bank.
Tommy Seah is the author of seven financial books including the Multiple Currency Accounting (MCA)
for bank accounting. The Financial Instruments Guide (FIG) is also another authoritative and definitive
text on Financial Instruments designed to be used in the world wide banking industry for product
training. His publication has received excellent review and first class commendation from some of the
most authoritative professional certification body and top rated banks in the world. The other five
authoritative texts used in his training are The Control of Money Market Activities in Banks, Financial
Management, SWAPS in Investment Banking, Advanced Credit Analysis and Anti-Money Laundering
101. His latest publication is The Foreign Exchange Audit. The FOREX Audit eBook is available from
April 2008.
For the past twenty nine years, Tommy Seah has trained and coached more than 10,000 management
staff and some of the top CFOs, CEOs, CIOs, and COOs in MNCs, banks and financial institutions in
the region. In particular, his expertise in SOX 404, AML and Basel II,
Solvency ll systems implementation is much sought after by many organisations. The undisputable fact
is that Tommy is Number 1 and the top brand household name in Asia Pacific for non-compulsive
executive training.