Dear ISACA Members,

ISACA Singapore Chapter is organizing a Dinner Talk & Networking Session on Friday, March 27, 2009.

Take this opportunity to hear from Mr. Nam Chie Sia present on the topic of "Scandals, Frauds and Banks' Losses - Lessons Learnt and Controls". This is your opportunity to,

• Relax, listen to stories while you learn from experiences of past scandals, fraud and losses suffered by banks;
• Gain insight to some scandals that rocked the banking industry and what are the controls lapses that contributed to those huge losses suffered by banks;
• Revisit audit techniques, risks and important controls, which may detect the scandals, frauds and losses;and
• Sharpen your awareness on recent developments and risks.

Date: Friday, March 27, 2009
Time: 6:30pm – 8:30pm
Venue: National Library Board Building, Level 5, Possibility Room, 100 Victoria Street, Singapore 188064
Cost: S$45 (ISACA/IIA Members) / S$60 (non-Members)
CPE: 1hr
Dinner: Buffet Dinner Included (No Pork, No Lard)

Programme:
• Introduction to examples of scandals, fraud cases & losses suffered by banks.
• Discuss control lapses that resulted in scandals and frauds to take place, some over a period of more than five years!
• What could auditors learn from the scandals and frauds?

Beside Enron and World Com, the banking industry has a fair share of scandals. You have probably heard about Barings where rogue trader, Nick Leeson, bankrupted the oldest Merchant Bank in the United Kingdom. How about the fraudulent currency trades in Allied Irish Bank that were booked between 1997 and 2002 that were not detected by layers of controls, including internal audit? There are other scandals that resulted in losses up to US$2,600 million.

In the recent economic downturn that resulted in the debacle of banks, such as Lehman Brothers, DBS and other financial institutions were made to compensate investors due to “suitability” issues. What are “suitability issues”? Are DBS and Singapore financial institutions alone in facing such issues?

This evening talk will answer the above questions and discuss techniques that IT and non-IT Auditors could deploy in their audit assignments.

While we would use experiences in the banking industry to illustrate risks, control and audit techniques, the concepts and principles may apply to non-bank audits.

Speaker Background:
Mr. Nam Chie Sia works in Citi’s GWM, Asia Pacific, as its Operational Risk Manager. He is involved in monitoring and analyzing operational risk events, where he picks up experiences of operational losses suffered by the banking industry.

Prior to his current role, Nam Chie worked as an Internal Audit Manager in Citibank, specializing in the audit of Private Bank, Research and Brokerage businesses. His other audit experiences cover different industries, such as investment banking, healthcare, aerospace and telecommunications. Nam Chie assists IIA to run the Certified Internal Auditors (CIA) courses and has been obtaining positive feedback from participants through his use of practical examples to explain theoretical frameworks.



Who Should Attend:
Fraud Investigators, Internal and External Auditors, Everyone who is interested in preventing fraud as investigation managers

Group Discount:
Group discount is available to a group of six (6)or more individuals registered for the same event. Please contact the ISACA Program Committee at programs@isaca.org.sg for more information.

Student Registration:
Full-time students from Singapore Management University, Temasek Polytechnic, Singapore Polytechnic and Nanyang Polytechnic who are potential ISACA members and like to make connections with people who are currently working can register at the price of S$15. Limited seats are available for participants under student category.

During the online registration, please attach one of the following:
• A current transcript with the name of the institution and name of the student
• A current class schedule provided by the university with the name of the institution and name of student.

Payment Method:
• Cash – Cash payment is accepted at the registration counter on the day of the event.

• Cheque – Please cross your cheque and make it payable to "INFORMATION SYSTEMS AUDIT & CONTROL ASSOCIATION". Kindly indicate your full name, contact and ISACA / IIA membership number on the back of the cheque.

Mail your cheque to:
ISACA Singapore Chapter
190 Middle Road, #19-05 Fortune Centre
Singapore 188979
Attn: Ms Meiyi/Lorraine Lee

For additional information/clarifications, please contact Lorraine at admin@isaca.org.sg.

To register, visit www.isaca.org.sg and register online. Upon registration on the day of the event, please present your ISACA or IIA membership card for validation purpose. The deadline for registration is on Wed, Mar 25, 2009.

Best Regards,
Audrey Dong
Director (Monthly Programs)