AFI121Setting up a Future-Ready Risk Based Internal Audit Function

COURSE SUMMARY

This course aims to equip the aspiring and current Chief Audit Executive (CAE) to be familiar and updated with their roles and responsibilities in today digital business environment. Current corporate governance requirements, professional practices of the Institute of Internal Auditors, and expectation of stakeholders on today’s Internal Audit functions will also be covered in the course.

COURSE DETAILS

Course Fee SGD 450
Course Duration 1 day
Course Timing 9:00am - 5:00pm
Course Venue M Hotel
SDF Approved NA
Skills Future Credit NA
Upcoming Courses

This course aims to equip the aspiring and current Chief Audit Executive (CAE) to be familiar and updated with their roles and responsibilities in today digital business environment. Current corporate governance requirements, professional practices of the Institute of Internal Auditors, and expectation of stakeholders on today’s Internal Audit functions will also be covered in the course.

  • Current legislative requirements on internal audit
  • International Internal Audit landscape in Singapore, and abroad
  • Impact of digitization and data technology on internal audit
  • Importance of Risk based approach to internal audit functions
  • Managing IA independence and ensure free of conflict of interest
  • Organisation structure, CAE standing and reporting line (to Audit Committee and or to CEO)
  • Major responsibilities relating to fraud, risk management and internal controls
  • Authority, Scope, Responsibility, Resources, Budget, Reports
  • Understand three lines of defence in corporate governance
  • Managing Stakeholder relationship and balancing against risk
  • Senior internal audit professional
  • Audit manager
  • Audit director
  • Chief internal auditor
  • CFO, HR professional and senior executive who involved in recruiting CAE or help in establishing audit functions.
  • Audit committee members
  • Any auditors who wants to acquire the knowledge and skills needed to lead Risk based internal audit function.

Lecture and Case Studies

Chris Ong

Chris Ong

FCA (UK), CA (S’pore), CIA, MBA, BSc(Hons), MSID

Chris Ong is currently a Principal Management Consultant. Chris has over 30 years professional as well as commercial experience. He started with external auditing in the manufacturing and financial services sectors with an international accounting firm in London. Upon qualifying as a chartered accountant, Chris returned to Singapore and worked in international tax planning and compliance with an oil and gas conglomerate. Chris went on to head major internal audit divisions in diverse industries including media and entertainment; real estate and hospitality; banking and financial services, supply chain management, shipping and natural resources. Chris was the managing partner for enterprise risk services at a big four firm in Beijing and chaired the risk management committee for Northern China for three years. Due to the international exposure, Chris has benefitted and gained good experience in governance, risk and compliance fields. Over the years, Chris has advised a number of companies in China, Indonesia, Singapore, and the UK.

Academically, Chris has a B.Sc (honours) in Accounting and Information Technology from Leeds University and an MBA from the University of Dubuque. He is a Fellow Chartered Accountant (England & Wales); Chartered Accountant (Singapore); and a Certified Internal Auditor. He has been invited to speak at regional forums and conferences. Chris has been interviewed by leading publications in Singapore and China. Chris is passionate about sharing his experiences in both speaking and training and hopes very much to contribute to the community and help coach the future professional leaders.

View Other Courses by Chris Ong