in touch progress through sharing - iiam.com.my · 2017 progress through sharing at a in touch ......

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


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



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



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


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


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



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.



technical


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

in touch progress through sharing - iiam.com.my · 2017 progress through sharing at a in touch ......

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