Applied Diploma in Accounting and Business
Introduction Many high school leavers face challenges especially if they come from a low income background and unable to go to university but to look for employment instead. Without work-based…
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Receivables Collection & Cost Saving Programs
RECEIVABLES COLLECTION & COST SAVINGS PROGRAMS Intro Finet Associates is a specialist consulting and training company. It has been delivering financial skills training to more than 20000 executives across the…
SC1 Crime Investigation Skills For External And Internal Auditors
The business environment of the present is highly sophisticated and complex. This is also accompanied by a higher level of risk of corporate misconduct including corrupt practices and fraud, abuse of position by corporate managers. In order to mitigate these risks, both the external and internal auditors of the corporation need to have special investigative skills to help them uncover fraudulent activities and early mitigation of the impact of misconduct.
This programme is designed to enhance and compliment the technical skills of auditors with special knowledge and approach for conducting investigations into suspected cases of wrong doing.
SC2 Corruption Prevention in the Financial Services Sector
Corrupt practices in the banking environment are frequent in some countries. The undesirable practices may involve granting of new loans, restructuring of bad loans, acquisition of computer systems and equipment and other assets as well as some elements of abuse of position by managers and people with authority. In the expectation of good corporate conduct, management of banks and financial institutions are now required to implement good practices within the organisations. This has also become more urgent as the anti-corruption laws and measures are now in force, creating responsibilities and liabilities for bank management including the individual members of the board of directors, who are now duty-bound to ensure these risks are mitigated.
SC2A Corporate Liability under S.17A MACC Act 2009 for Directors
The anti-corruption laws in Malaysia have now been enhanced with the new S.17A of the MACC (Amendment) Act 2018 which goes into effect from 1 June 2020.
The law now criminalises any acts of corruption by the corporation through its directors, executives and anyone for associated with it with corporate and personal liability. This has serious implication for senior management executives responsible for risk management, and directors, and urgently raises the need for awareness and institute appropriate measures to mitigate the risk within the organisation.
SC3 Building an Internal Audit Function
When business organisations grow in size, whether it is staffing, revenue or operational complexity, the risk of poor decisions, bad judgement and miscalculations or even fraud, increases. In the contemporary context of the separation of ownership from management of the business organisation, it is desirable if not necessary to ensure that work policies, decisions and resource utilisation are all made in the interest of the organisation.
Public companies in many countries are now required by the stock exchanges to have an Internal Audit department while company directors are being made responsible to ensure proper internal controls and risk management within the organisation.
For this purpose of establishing the Internal Audit function, the programme here is designed to provide the participants with a practice framework and approach for implementation.
SC4 Competency Tool-Kit For Internal Auditors
The sophistication and complexities of modern corporate businesses has increased the incidence of errors, fraud, non-compliance with procedures and malpractices in the use of company financial resources. The regulatory authorities are consistently encouraging the adoption of good practices to safeguard the company’s shareholders and investors, as well as the bankers and creditors of these corporate businesses. The requirement to set up audit committees in public companies and establishment of an internal audit function are currently being implemented in many organisations.
This programme is designed to build the capacity of the staff of the internal audit function to undertake audit tasks and enforce internal control practices to safeguard company resources.
SC5 Trade Finance Fraud And Risk Awareness
Risks in cross border trade are ever present and both banks and their trade customers need to be aware of such risks and mitigation. The growing sophistication of fraud activities calls for greater vigilance as well as sound knowledge and skills for risk recognition and detection. Only when this is appreciated that risk mitigation can be applied where appropriate to prevent or minimize such risks.
This programme seeks to highlight and educate both the commercial business manager and banking executive of such risks in international trade settlements, and an understanding of risk mitigation available.
SC6 Marketing of Banking Trade Lines And Utilization
The world all over is facing increasing trade of goods and services in an era of trade expansion and globalization. This comes with the increasing needs for trade services in support of global trading activities and facilitating trade transactions. Commercial banks are poised for this opportunity in facilitate trade settlement and structuring transactions across borders. This programme provides the bank executive with the knowledge base, strategy and skills for marketing trade services and improve facility utilization.
SC7 Managing Problem Loans For Banking Managers
The pandemic of 2020 has a long-lasting impact on businesses worldwide. The repercussions are not yet fully appreciated but the immediate impact is falling revenue and shrinking cash flow for many corporations and their business activities. This raises the credit risk and threatening banks with significant corporate loan losses. Many of corporate borrowers will be seeking the banks’ indulgence for an opportunity to rehabilitate and recover, but many will probably not survive with so much uncertainties.
The banks will have to make some tough decisions, but not without careful understanding of the prospects of immediate loan losses against the risk of granting more time and support in the face of uncertainty. This programme provides a framework for bank managers to make those tough decisions.
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