Today’s globalised environment requires stringent fraud and corruption risk management programmes, since instances of high profile fraud and corruption scandals have ramifications not only on a local level, but worse affects brand trust internationally. Organisations striving to achieve the highest level of business integrity possible have to comply with a multitude of new anti-fraud laws and regulations, motivated by rapidly changing business conditions and market pressures to improve operations.
Kobus Beukes, Director of Forensic Services, Deloitte, shares “on I July 2011, the United Kingdom’s new Bribery Act (Bribery Act) came into force, complicating the situation somewhat further with its extra-territorial jurisdiction to prosecute bribery committed abroad by UK corporations and persons who have a ‘close connection’ with the UK. The wider scope of the Bribery Act puts companies at a higher possibility of being held responsible, underscoring further the importance of having an appropriate control system in place to prevent fraud.”
Beukes advises,“companies should thus assess their exposure to the Bribery Act and the adequacy of their anti-corruption procedures as a matter of urgency.”
Organised by Pacific Conferences, Beukes will address these issues in a workshop on “Fraud and Corruption Risk Management,” to be held in Singapore and Hong Kong. Key workshop highlights include ranking levels of fraud and corruption that are applicable to an organisation using continual reassessment protocols, comparing tools and techniques to identify potential integrity deficiencies, recommending control enhancements, identifying appropriate response mechanisms and remediation actions and leveraging on computer forensics in an investigation.
Title : Fraud and Corruption Risk Management
Date & Venue : 17 – 18 October 2011, Sheraton Towers, Singapore 20 – 21 October 2011, Regal Hongkong Hotel, Hong Kong
About Pacific Conferences
Pacific Conferences (conferences.com.sg) specialises in organising business conferences aimed at providing interactive, insightful information and analysis about issues facing businesses in Asia-Pacific. Catered to middle and upper level executives, its events are usually case studies driven with emphasis on providing in-depth and unbiased practical knowledge.