Title |
FINANCE FUNCTION – RISK REVIEW & AUDIT OF LIFE, GENERAL & TAKAFUL INSURERS |
Date |
14 – 16 May, 2012 |
Duration |
3 Days |
Level |
Intermediate / Advance |
Time |
9.00 am to 5.00 pm |
Venue |
Seri Pacific Hotel Kuala Lumpur
Jalan Putra
50746 Kuala Lumpur,
Malaysia
Tel (603) 4042 5555
Fax (603) 4041 7236
E-mail: resv@seripacific.com
http://www.seripacifichotel.com
|
Trainer |
1. Ms. Vijayam Nadarajah
CA (M), FCPA (Aust), CFIIA (M), B.Econs (Aust), MBA (Aust) LLB (London)
|
About Programme |
The Finance function is the nucleus of any company. Getting the Finance function to work effectively is critical for any business. The Finance function reports on profitability and overall company performance and cost management, support business functions, produce reports for Boards, BNM, Bursa, management and shareholders, manage finance risk and liaise with various stakeholders.
Finance chiefs and personnel have to analyse accounts, advice on key risks, address financial and operational controls and support the CEO and management on long term value creation, IFRS issues and others. The Finance chief has a reporting duty to Audit Committees and Boards on the financial affairs of the company.
The role of Finance has grown beyond number crunching and reporting. To effectively manage the Finance function a range of skills and an appropriate mind set are required.
This program covers topics to build skills in Finance management, perfect existing roles and gear up for an enlarged role in governance.
Internal auditors and risk managers are required to provide assurance on the expanded role of Finance in corporate governance and on other critical finance management issues. Therefore it is also crucial for internal auditors and risk managers to understand the roles, risk and issues in Finance for effective and value add reporting
|
Key Learning Outcomes |
- Learn critical finance reporting issues
- Learn the essentials of good finance management
- Learn significant risks, controls, processes, 3Es in finance
- Understand the fundamentals of RBC Framework
- Writing reports on financials
|
Key Course Contents |
Module 1 – THE GOVERNANCE FRAMEWORK FOR FINANCE
1.1 Roles, Responsibilities and Accountabilities of Audit and Risk Committee, Finance Chief and Finance function
1.2 Organization Structure, Reporting Lines and Functions
Module 2 – FINANCIAL ANALYSIS
2.1 Analysing Profit and Loss Statement and Balance Sheet
2.2 Writing Financial Reports for Management
2.3 Cost Analysis and Reporting
2.4 Overview of Accounting Principles, BNM Guidelines and Bursa Listing Rules
2.5 Discussion on the Insurance Act, Takaful Act, Company’s Act In this module the accounts of Life, General and Takaful accounts will discussed
Module 3 – RISK BASED CAPITAL FRAMEWORK & STRESS TEST
3.1 Risk and Capital Requirements – An Overview
3.2 Stress Tests and Criteria
Module 4 – FINANCE MANAGEMENT, OPERATIONS AND CONTROLS
4.1 Assessing the effectiveness of Risk and Internal Control Frameworks
4.2 Red Flags
4.3 Plugging Loopholes
Module 5 – CASE STUDIES
Case Studies would be based on Financial Analysis, Control Failures and Finance and Fraud Risk in Insurance Companies.The case studies will be based on real cases in Malaysia
|
Who Should Attend |
- Finance staff at all levels
- Internal auditors at all levels
- Compliance Officers and Managers
- Risk Officers and Managers
|
Course Fee Per Person |
Fees Category |
|
LOCAL |
INTERNATIONAL |
Single Registration |
RM 1960 |
USD 900 |
Group Registration |
20% Discount will be given to the fourth and subsequent registration |
