AUDIT COMMITTEE CONFERENCE 2014

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Jointly organised by: for Audit Committee Members A Special Conference AUDIT COMMITTEE CONFERENCE 2014 STEPPING UP FOR BETTER GOVERNANCE 20 March 2014 (Thursday) Connexion@Nexus, Bangsar South, Kuala

The audit committee has become increasingly relevant in enhancing confidence in the integrity of an organisation s processes and procedures relating to internal control, governance and financial

1 Jointly organised by: for Audit Committee Members A Special Conference AUDIT COMMITTEE CONFERENCE 2014 STEPPING UP FOR BETTER GOVERNANCE 20 March 2014 (Thursday) Connexion@Nexus, Bangsar South, Kuala Lumpur Over the years, the role of the audit committee in corporate governance has evolved in the wake of several high profile corporate governance failures around the world. The audit committee has become increasingly relevant in enhancing confidence in the integrity of an organisation s processes and procedures relating to internal control, governance and financial reporting. The growing complexities of today s business environment impose even greater demands on audit committees. Drawing on the knowledge and experience of distinguished speakers, this conference covers a broad spectrum of issues and provides practical guidance on dealing with the significant challenges facing audit committee members today. OBJECTIVES This conference aims to help audit committee members address practical issues in instilling and maintaining good corporate governance. DISTINGUISHED SPEAKERS INCLUDE... Paul J. Sobel, IIA Chairman of the Board, USA Nejolla Korris, CEO, InterVeritas Intl., Canada WHO SHOULD ATTEND Audit Committee Members Directors Governance Professionals Business Leaders & Other Professionals advising Audit Committees CEOs & CFOs Internal & External Auditors Company Secretaries For information and inquiry, please contact: Malaysian Institute of Accountants Contact person: Meera/Wati Tel: /331 Fax: sp@mia.org.my Website: The Institute of Internal Auditors Malaysia Contact person: Veronica Tel: ext109 Fax: conference@iiam.com.my Website: GROUP DISCOUNT for registrations from the same organisation. Contact us for details!

2 AUDIT COMMITTEE CONFERENCE 2014 Stepping Up For Better Governance REGISTRATION FORM Please o the appropriate checkboxes. PARTICIPANTS' DETAILS Participant 1 Full name as per I/C (Dato' / Datin / Dr / Mr / Mrs / Ms): Membership No.: Designation: Vegetarian Meal Participant's Classification: Member *Non-member Participant 2 Full name as per I/C (Dato' / Datin / Dr / Mr / Mrs / Ms): Membership No.: Designation: Vegetarian Meal Participant's Classification: Member * Non-member Participant 3 Full name as per I/C (Dato' / Datin / Dr / Mr / Mrs / Ms): Membership No.: Designation: Vegetarian Meal Participant's Classification: Member * Non-member ORGANISATION'S DETAILS Organisation: Industry: Contact Person: Address: Tel: Fax: *For non-mia participants, please indicate your classifications. (ICAEW / FPLC / Boardroom s Clients/Associates) Participant 1: Participant 2: Participant 3: COURSE FEES Normal Rate MIA/IIA/ICAEW/FPLC Member Boardroom s Associates/Clients Non-member Group RM950 RM950 RM1150 RM850 (Register 3 or more from the same organisation to enjoy Group fee) COURSE DATE, VENUE AND CONTACT Date Venue : 20 March 2014 (Thursday) : Connexion@Nexus, Kuala Lumpur Contact : Izaham Tel : Fax : sp@mia.org.my Address : Malaysian Institute of Accountants Dewan Akauntan No. 2, Jalan Tun Sambanthan 3 Brickfields, Kuala Lumpur Signature & Company Stamp: PAYMENT DETAILS Payment by Cheque Bank & Cheque No.: Amount RM: Contact Tel Fax Address : Alex Lee : /1155 : : alex.lee@boardroomlimited.com : Boardroom Corporate Services (KL) Sdn Bhd Lot 6.05, Level 6, KPMG Tower 8 First Avenue, Bandar Utama Petaling Jaya, Selangor Darul Ehsan Payment by Credit Card Visa Master Cardholder's Name: Supporters: Card No.: Expiry Date: Issuance Bank: I Authorise Payment of RM: Cardholder's Signature: Date: Our programmes can be customised to meet your in-house training requirements. Please call for details. TERMS & CONDITIONS PROGRAMME FEE Fee is payable to MALAYSIAN INSTITUTE OF ACCOUNTANTS Fee includes course materials, lunch and 2 tea breaks per day. Admittance will only be permitted upon receipt of full payment. Registration made by fax must be followed immediately by payment. CANCELLATION / TRANSFER Upon registering, participant(s) are considered successfully enrolled in the event. Should participant(s) decide to cancel/transfer their enrolment; a cancellation/transfer policy shall be applied as follows. a) Written cancellation/transfer received less than five (5) working days from the date of the event: - A refund (less administrative charge of 20%) will be made - Unpaid registrations will also be liable for 20% administrative charges b) Written cancellation/ no show on the day of the programme: - No refund will be entertained - Unpaid registrations will also be liable for full payment of the registration fee - Partial cancellation is not allowed You can substitute an alternate participant if you wish to avoid cancellation/ transfer charges. Any difference in fees will be charged accordingly. CERTIFICATE OF ATTENDANCE AND CPE HOURS All participants will be presented with a Certificate of Attendance upon full attendance and personal completion of the programme. For MIA members, the CPE hours will be credited into the Membership System within 2 weeks of the event. DATA PROTECTION Personal Data is gathered in accordance with the Personal Data Protection Act 2010 (Act 709). DISCLAIMER Malaysian Institute of Accountants (MIA) reserves the right to change the speaker(s), date(s) and to cancel the programme should circumstances beyond its control arises. MIA also reserves the right to make alternative arrangements without prior notice should it be necessary to do so. Upon signing the registration form, you are deemed to have read and accepted the terms and conditions.

3 2014 AUDIT COMMITTEE CONFERENCE Jointly Organised by THE INSTITUTE OF INTERNAL AUDITORS MALAYSIA (IIA Malaysia) & MALAYSIAN INSTITUTE OF ACCOUNTANTS (MIA) Date: 20 March 2014 (Thursday) Theme: Stepping Up for Better Governance PROGRAMME OUTLINE 8:00 am REGISTRATION 9:00 am WELCOME ADDRESS Ranjit Singh, President, The Institute of Internal Auditors Malaysia 9:10 am Plenary Session 1 FUTURE OF AUDITOR S REPORT The International Auditing and Assurance Standards Board (IAASB) has released an exposure draft (ED) to change auditor reporting in July The ED requires auditors of financial statements of listed entities to communicate in their report those matters that, in the auditor s professional judgment, were of most significance in the audit of the financial statements. It also requires auditors to include specific statements about going concern in their reports as well as making an explicit statement about the auditor s independence from the audited entity. The IAASB tentatively plan to issue the ED as a final standard in the fourth quarter of this year. This session will discuss on the impact of such auditor reporting to the audit committees, director and management. Moderator: Johan Idris, President, Malaysian Institute of Accountants Panelists: Lee Tuck Heng, Chairman, Audit and Assurance Standard Board, Malaysian Institute of Accountants Leong Kit May, CFO, Axis REIT Managers Berhad (TBC) A member of Audit Committee 10:40 am COFFEE BREAK 1/6

4 11.10 am Plenary Session 2 (Panel Session) STATEMENT ON RISK MANAGEMENT & INTERNAL CONTROL Rationale for the guidelines What s New? Debunking some misconceptions/myths Key challenges in crafting the internal control statement Key players in a listed issuer s risk management and internal control systems Questions and Comments Moderator: Devanesan Evanson, Governor, The Institute of Internal Auditors Malaysia Panelists: Lee Min On, Executive Director, KPMG Management & Risk Consulting Sdn Bhd Boey Tak Kong, Senior Independent Non Executive Director, Green Packet Berhad CFO (TBC) pm LUNCH 2:00 pm Plenary Session 3 THE CHIEF AUDIT EXECUTIVE S ROLE IN ENABLING GOOD GOVERNANCE Good governance requires contributions from a variety of sources. The Chief Audit Executive (CAE) can be an important enabler for effective governance in an organisation. In particular, a CAE can: Develop an understanding of key stakeholder needs and expectations. Provide assurance to Audit Committees and the Board through timely and effective reporting. Assist management during strategic discussions. Evaluate the overall effectiveness of the organisation s governance. Paul J Sobel, IIA Chairman of Board, IIA Global, USA Chairperson: Philip Satish Rao, Partner, Ernst & Young 2/6

3:00 pm Plenary Session 4 (Panel Session) STEPPING UP FOR BETTER GOVERNANCE Building a business case for GRC: The link between good corporate governance and company performance Raising the bar on

5 3:00 pm Plenary Session 4 (Panel Session) STEPPING UP FOR BETTER GOVERNANCE Building a business case for GRC: The link between good corporate governance and company performance Raising the bar on governance: Focusing on quality and value Emerging governance issues and possible solutions to overcome Improving governance: Opportunities to better manage risks and add value Enhancing the effectiveness of the Audit Committee and Internal Audit for better governance Moderator: Ranjit Singh, President, The Institute of Internal Auditors Malaysia Panelists: Paul J Sobel, IIA Chairman of Board, IIA Global Dato' Sri Che Khalib bin Mohamad Noh, Group Managing Director, MMC Corporation Berhad Megat Mizan Nicholas Denney, Member of Board of Governors, Malaysian Institute of Corporate Governance 4:30 pm CLOSING SPEECH Johan Idris, President, Malaysian Institute of Accountants 4:45 pm Tea Break and Networking 5:00 pm END OF CONFERENCE SPEAKERS PROFILE BOEY TAK KONG, Audit Committee Member, Several Private Companies BOEY TAK KONG has over 23 years of senior management experience in internal audit, financial management, corporate affairs and global business development with 6 listed entities with listing in United Kingdom, Singapore, Malaysia, Australia and New Zealand. Since 1998, he has been serving as the Managing Director of Terus Mesra Sdn Bhd, a governance and leadership development company. Presently, he holds directorship as an independent non-executive director in Dutch Lady Milk Industries Bhd, Green Packet Berhad, Gadang Holdings Bhd, Permaju Industries Bhd and Censof Holdings Bhd (largely in the capacity as an Audit Committee Chairman/Member). 3/6

DATO' SRI CHE KHALIB MOHAMAD NOH, Group Managing Director, MMC Corporation Berhad DEVANESAN EVANSON, Governor, The Institute of Internal Auditors Malaysia JOHAN IDRIS, President, Malaysian Institute

Prior to his current role, Dato' Sri Che Khalib served as Chief Operating Officer of Finance, Strategy and Planning at DRB HICOM Berhad.

Dato' Sri Che Khalib was previously a member of the Board and the Executive Committee of Khazanah Nasional Berhad from year 2000 to 2004.

He currently sits on the Board of Gas Malaysia Berhad, Zelan Berhad, Malakoff, Johor Port Berhad, MMC Engineering Group Berhad, Aliran Ihsan Resources Berhad, Pos Malaysia Berhad, Bank Muamalat

6 DATO' SRI CHE KHALIB MOHAMAD NOH, Group Managing Director, MMC Corporation Berhad DEVANESAN EVANSON, Governor, The Institute of Internal Auditors Malaysia JOHAN IDRIS, President, Malaysian Institute of Accountants DATO' SRI CHE KHALIB MOHAMAD NOH was appointed as the Group Managing Director of MMC Corporation Berhad and Managing Director of Malakoff Corporation Berhad on July Prior to his current role, Dato' Sri Che Khalib served as Chief Operating Officer of Finance, Strategy and Planning at DRB HICOM Berhad. Dato' Sri Che Khalib began his career with Messrs Ernst & Young in 1989 and later joined Bumiputra Merchant Bankers Berhad. Dato' Sri Che Khalib was previously a member of the Board and the Executive Committee of Khazanah Nasional Berhad from year 2000 to He also served as a Board member within the United Engineers Malaysia (UEM) Group of companies and Bank Industri & Teknologi Malaysia Berhad. He currently sits on the Board of Gas Malaysia Berhad, Zelan Berhad, Malakoff, Johor Port Berhad, MMC Engineering Group Berhad, Aliran Ihsan Resources Berhad, Pos Malaysia Berhad, Bank Muamalat Malaysia Berhad and several private limited companies. A qualified accountant, Dato' Sri Che Khalib is a member of the Malaysian Institute of Accountants (CA, M) and also a Fellow of the Association of Chartered Certified Accountants (FCCA, UK) United Kingdom. DEVANESAN EVANSON is a fellow member of the Association of Chartered Certified Accountants (FCCA) and a member of Malaysian Institute of Accountants. He also graduated with a Bachelor of Laws degree from the University of London in He is a Governor and past president of the Institute of Internal Auditors Malaysia. He has more than 15 years of experience in external and internal audit and has held various key positions within Bursa Malaysia group, including Head of Internal Audit, Senior Vice President, Compliance and Inspection, Senior Vice President, Legal Advisory (Market Supervision), Head of Group Internal Audit and Risk Management and Deputy Chief Regulatory Officer from September 2005 to July He was the Chief Regulatory Officer from 1 August 2006 to 31 December 2007 prior to his appointment as Chief Market Operations Officer effective 1 January 2008 and served as a Director at Advisory Services at Ernst and Young between 2010 and JOHAN IDRIS was appointed as MIA President on 22 July He is the Managing Partner in KPMG Malaysia and oversees all aspects of operations at the audit, tax and advisory services company. Johan, a chartered accountant since 1993, was admitted as partner in KPMG in Malaysia in 2002 and headed the audit practice in the firm as partner in charge prior to his appointment as managing partner on 1st January With more than 23 years of both local and international professional experience in the audit and business advisory services, Johan has worked on various assignments for multinational companies, which are in the Fortune 500 list, and several public listed companies quoted on Bursa Malaysia. Beyond Malaysia, he has advised on the restructuring of oil and gas businesses for one of the major oil and gas players in the US and Indonesia. Backed by his expertise in energy and natural resources, Johan currently serves as the head of energy and natural resources line of business in the firm and is the project leader for extractive industries on the Malaysian Accounting Standards Board. Johan graduated from Universiti Putra Malaysia s (UPM) in accountancy programme and an alumnus of the second batch of UPM graduates to qualify professionally through the Malaysian Institute of Certified Public Accountants (MICPA). 4/6

LEE MIN ON, Executive Director, KPMG Management & Risk Consulting Sdn Bhd LEE TUCK HENG, Chairman, Audit and Assurance Standard Board, Malaysian Institute of Accountants MEGAT MIZAN NICHOLAS DENNEY,

The first 21 years were spent on external audit, including work on Initial Public Offering whilst the last 13 years were focused on Corporate Governance Advisory, Enterprise Risk Management,

7 LEE MIN ON, Executive Director, KPMG Management & Risk Consulting Sdn Bhd LEE TUCK HENG, Chairman, Audit and Assurance Standard Board, Malaysian Institute of Accountants MEGAT MIZAN NICHOLAS DENNEY, Member of Board of Governors, Malaysian Institute of Corporate Governance LEE MIN ON has been with KPMG for the last 34 years. The first 21 years were spent on external audit, including work on Initial Public Offering whilst the last 13 years were focused on Corporate Governance Advisory, Enterprise Risk Management, Risk-based Internal Audit and Internal Control Assessment (US and J-SOX work) services, provided largely to public interest entities, both listed as well as unlisted in Malaysia and the Asia-Pacific region. He engages with local regulators periodically, especially in the recent issuance of the Corporate Governance Guide (Towards Boardroom Excellence) 2 nd Edition and the Statement on Risk Management and Internal Control Guidelines for Directors of Listed Issuers ( SRMIC ) launched by Bursa Malaysia in October 2013 and January 2013 respectively. Since the release of the Malaysian Code on Corporate Governance 2012 in March 2012 by the Securities Commission and issuance of the SRMIC (of which Min On served as a task force member), Min On has been conducting public seminars as well as in-house training sessions for Directors, Senior Management personnel, professional service providers, company secretaries and others on the outworking of the Code and practical challenges and implications to listed issuers and their Boards. LEE TUCK HENG who was previously the Joint Assurance Leader for PwC Malaysia, has recently taken on the role of Risk & Quality Leader for the Malaysian firm in addition to Assurance. He brings with him more than 30 years of audit experience, including a two-year secondment in PwC UK. Over the years, his portfolio of audit clients includes many Bursa Malaysia Main Board companies and multinational corporations. Within the business advisory sphere, his experience encompass financial and management organisation reviews, profitability improvement as well as business plans and strategic planning. He has been involved in numerous due diligence reviews, profit forecasts and business acquisition reviews in Malaysia and abroad. Externally, he is a Council Member of MICPA and Chairman of the Auditing & Assurance Standards Board. MEGAT MIZAN NICHOLAS DENNEY, is the Senior Director of Group Business Development Department in K&N Kenanga Holdings Bhd. He joined K&N Kenanga Holdings Bhd in 1990 as Trainee Dealer s Representative/ Executive Officer and was later promoted to Business Development Manager. He holds a Master of Science in Engineering Business Management from University of Warwick, Bachelor of Science (Hons) Production Engineering and Management Degree from Loughborough University of Technology, United Kingdom, a Diploma in Marketing from The Institute of Marketing, United Kingdom and a Certified Diploma in Accounting & Finance from The Chartered Association of Certified Accountants. Prior to him joining K&N Kenanga Holdings Bhd, he worked as a Trainee Engineer Dunlop Malaysia Industries Berhad from 1982 to 1983 and as an Engineer with Otis Engineering Corporation from 1986 to He is the Co-Chairman of Malaysian-Thai Business Council, Honorary Treasurer of Malaysian-Thai Association, an EXCO Member of Federation of Public Listed Companies Bhd and sit on the Exchange Committee of Labuan International Financial Exchange. 5/6

PAUL SOBEL, IIA Chairman of Board, IIA Global RANJIT SINGH, President, The Institute of Internal Auditors Malaysia PAUL SOBEL is currently serving on The IIA s Board of Directors as the Chairman of

He previously served as the Chief Audit Executive for three public companies: Mirant Corporation, an energy company based in Atlanta, GA.; Aquila, Inc., an energy company based in Kansas City, MO.

8 PAUL SOBEL, IIA Chairman of Board, IIA Global RANJIT SINGH, President, The Institute of Internal Auditors Malaysia PAUL SOBEL is currently serving on The IIA s Board of Directors as the Chairman of the Board and also the Vice President/Chief Audit Executive for Georgia-Pacific, LLC, a privately owned forest and consumer products company based in Atlanta, GA. He previously served as the Chief Audit Executive for three public companies: Mirant Corporation, an energy company based in Atlanta, GA.; Aquila, Inc., an energy company based in Kansas City, MO.; and Harcourt General s publishing operations based in Orlando, FL. His responsibilities included leading the global internal audit efforts at these companies, as well as consulting on each company s ERM, compliance and internal controls programs. He has also served as International Audit Manager for PepsiCo, Senior Manager in Arthur Andersen s Business Risk Consulting practice, and Experienced Manager in Arthur Andersen s Financial Statement Assurance practice. Paul is a frequent speaker on governance, ERM and internal audit topics. He has published three books, the first of which is titled Auditor s Risk Management Guide: Integrating Auditing and ERM, currently in its seventh edition. He co-authored the textbook sponsored by the IIA s Research Foundation titled Internal Auditing: Assurance and Consulting Services, which is currently in its third edition. His most recent book, titled Enterprise Risk Management: Achieving and Sustaining Success, was published in August Finally, he has been recognised for articles published in Internal Auditor magazine and Management Accounting Quarterly. RANJIT SINGH is currently the President of The Institute of Internal Auditors Malaysia (IIA Malaysia) and the Managing Director of Columbus Advisory Group. He was a partner of one of the big four international accounting firms, where he pioneered risk, internal audit and forensic accounting, practices. Ranjit holds a Masters Degree in Business Administration and is a Certified Internal Auditor and has a Certification in Risk Management Assurance (CRMA). He is a member of the Malaysian Institute of Accountants, Malaysian Institute of Certified Public Accountants, Australian CPA and an Associate Member of the Association of Certified Fraud Examiners. Ranjit has spoken at various conferences and completed risk management, governance and internal audit projects at more than 100 companies involved in various industries. He has a truly international perspective as he has led assignments in more than 30 countries. 6/6

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