Category: Special Courses

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.

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.

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.