AUDIT COMMITTEE CONFERENCE 2017 Making an Impact 5 April 2017 (Wednesday), Connexion Conference & Event Centre @ Nexus, Bangsar South, Kuala Lumpur Expectations for slower growth, economic uncertainty, technology disruption, cyber threats, and greater regulatory scrutiny place pressure on Audit Committees to improve oversight of risks and implement more effective controls. Audit Committees have to rev up their performance to make an impact by calibrating strategy and risks, strengthening the tone at the top, reinforcing their responsibility on financial reporting, and refining agendas and oversight processes. This conference aims to help audit committee members achieve these goals enroute to cultivating good corporate governance, with the end-game of building and sustaining responsible business. Drawing on the knowledge and experiences of distinguished speakers at the top of their game, this conference covers a broad spectrum of issues and provides practical guidance on dealing with the significant challenges facing audit committee members today. JOINTLY ORGANISED BY: SUPPORTED BY:
CONFERENCE OUTLINE 8.00am Registration and Welcome Refreshments 12.30pm Lunch 8.50am 9.00am Welcome Address I Dr Nurmazilah Dato Mahzan, CEO, Malaysian Institute of Accountants Welcome Address II Lucy Wong, President, IIA Malaysia 2.00pm Presentation Session Profile of Internal Audit Function and Audit Committees in Malaysian Public-listed Companies Speaker: Dr Grace Mui Yanchi, Research and Technical Advisory Committee, IIA Malaysia 9.10am Session 1 Audit Committee Challenges and Priorities in the Digital Age Sizeable and unfamiliar risks are a dime a dozen in this disruptive digital age. This session aims to sharpen the audit committee s focus, benchmark its responsibilities and practices, and strengthen its oversight to enhance risk management and good governance. Learn how to focus on the right risk at the right time and strengthen the BAC s alignment with enterprise risk management and other lines of defence. Jason Yuen Chee Mun, Partner, Ernst & Young Advisory Services Sdn Bhd Datuk Yvonne Chia, Independent Non-Executive Director, All Asia Broadcast Center Alan Hamzah Sendut, Independent Non-Executive Director, Hong Leong Islamic Bank Berhad Alan Goon, Executive Partner, Gartner Research & Advisory (Malaysia) Sdn Bhd 10.00am Session 2 Impactful Tone at the Top: Challenging Culture and Short-termism Audit committees must have the courage to challenge the endemic culture of short-termism which threatens long-term sustainability and was a key factor behind the Global Financial Crisis of 2008. This session helps audit committees align their organisation s short- and long-term priorities with strategic vision to defend independent oversight and enforce robust tone at the top. Ranjit Singh, Executive Director, Axcelasia Inc. Dato Che Isa Hj Che Kob, Deputy Auditor General, National Audit Department Dr Mohamed Ashraf Mohamed Iqbal, Founder, MindSpring Sdn Bhd 10.45am 11.15am Networking and Refreshments Session 3 (Panel) Companies Act 2016: Understand your Obligations The Companies Act 2016 is set to transform rm the business landscape and the responsibilities of the audit committee in enforcing good governance. Importantly, this session will cover three pivotal areas: New management requirements under the new Act; Utilisation of share premium/capital redemption emption account or combination with share capital Consideration of effort and disclosure of business review i.e. business sustainability Assoc. Prof. Dr Chan Wai Meng, Department of Business Strategy and Policy, Faculty of Business and Accountancy, University of Malaya Lee Shih, Partner, Dispute Resolution, SKRINE Brian Wong, Partner, Assurance & Business Risks, PKF Malaysia Yap Weng Seong, Unit Head, Regulatory Development & Services Division, Suruhanjaya Syarikat Malaysia Samantha Tai Yit Chan, Chief Executivee Officer, Boardroom Corporate Services (KL) Sdn Bhd, Malaysia 2.15pm 3.15pm 3.45pm 5.00pm Session 4 (Panel) Redefining Internal Audit Performance for Better Governance The Internal Audit Function (IAF) will play a more significant role in governance as business models, strategies and legislation evolve in the digital economy where intangibles dominate. This session redefines the evolving expectations and competencies of IAF staff, their enhanced support for director independence and assesses the subsequent impact on corporate governance. Mohd Khaidzir Shahari, Vice President, IIA Malaysia Dr Grace Mui Yanchi, Research and Technical Advisory Committee Member, IIA Malaysia Wee Hock Kee, Managing Director, CG Board Asia Pacific Sdn Bhd Networking and Refreshments Session 5 (Panel) Financial Reporting Game Changers Two major new accounting standards revenue recognition and lease accounting will affect business and disclosure materially once implemented, and hence increase pressure on the Audit Committee. This session addresses the impacts of these standards on business and oversight and recommends that the Audit Committee conduct a robust dialogue with management on IFRS matters to ease implementation. This session will also bring the standards impact on new assets, new liabilities and a front-loaded pattern of total lease expense to the Audit Committee s attention. Simon Tay Pit Eu, Executive Director, Professional Practices & Technical, Malaysian Institute of Accountants Siew Kar Wai, Senior Executive Director, PwC Malaysia Lim Kian Tong, Vice President, Accounting Policy, Group Finance, AmBank Berhad Representative from Malaysian Accounting Standards Board Representative from Audit Committee End of Conference
FACILITATORS JASON YUEN CHEE MUN Jason is a Partner at Ernst & Young Advisory Services Sdn Bhd. His focus is on Cybersecurity, Risk and Business Continuity, and has over 19 years experience serving clients in various industries. Prior to EY, he had served as the Industry Advisor at the National CyberSecurity Agency under MOSTI, the Country General Manager at a leading regional Managed Security Service Provider, and the National Security Leader at the Malaysian subsidiary of a global software company. He is also a regular speaker on Information Security, Audit and Controls at regional and global events. Jason is a Certifi ed Information Systems Security Professional, Certifi ed Information Systems Auditor, and an ISO27001 Lead Auditor. He is also a past President of ISACA Malaysia Chapter, former member of ISACA International Governmental and Regulatory Agencies Working Group, and a Founding Member of the Information Security Professional Association of Malaysia. DATUK YVONNE CHIA Datuk Yvonne Chia is a Senior Banker, Director and Mentor and the fi rst female Chief Executive Offi cer of any commercial bank in Malaysia. She was named among the 50 Business Women in the Mix by Forbes Asia in 2013, and two-time fi nalist in the CNBC Asia Business Award. She is a proven strategist and infl uencer/mentor, with strong understanding of relationship management, governance and engagement with partners, customers, staff and the community served. She has been in the ASEAN banking scene, with a focus on Malaysia in the last three decades, and her record of excellence and value creation has transformed the banks she led. She sits as an INED on the board of several listed companies amongst which as Chairman of Standard Chartered Bank Malaysia Bhd, Astro Malaysia Holdings Bhd as well as a Board of Trustee for Teach for Malaysia and Asian Institute of Chartered Bankers. ALAN HAMZAH SENDUT Alan is an independent director and a member of the Board Audit and Risk Committee of Hong Leong Islamic Bank Bhd. He has over 32 years experience, of which 19 were in senior positions within the Sime Darby Group of Companies. In 2010 he was appointed as Executive Vice President for Group Strategy and Business Development. His last role with Sime Darby group was as Managing Director, Energy and Utilities (Non China) Division. He was on the Boards of 2 listed companies and on numerous joint venture boards in various business sectors of the Sime group. Alan holds a degree in Accountancy and Computer Science from the University of Wales. He is a Chartered Accountant (Institute of Chartered Accountants England and Wales) by profession and a member of the Malaysian Institute of Accountants. ALAN GOON Alan is Executive Partner with Gartner Malaysia, overseeing CIOs enrolled in Gartner s Executive Programmes. He provides executive advice, consultative problem solving, research synthesis/presentation and plays the role of inside IT Counsel to help CIOs succeed. He helps clients on digital business strategy, IT strategy, customer experience management, and IT cost optimisation initiatives. His experience covers service oriented architecture, data centre planning and construction, business contingency planning, ITIL, and various storage technologies. He also led the implementation of e-business solutions to support General Insurance, Employee Benefi ts and BancAssuarance business strategies. Prior to Gartner, he was CIO and Senior Vice President of Information Solutions Services Division at ING Insurance Berhad. Alan holds a Bachelor of Commerce from the University of NSW majoring in Information Systems, Finance and Accounting, and is a qualifi ed CPA and Certifi ed Financial Planner. RANJIT SINGH Ranjit is Group Executive Director of Axcelasia Inc. and Axcelasia Columbus Sdn Bhd, with 29 years experience in ERM, internal audit, forensic accounting and transformation & programme management services. An experienced fraud examiner and Internal Quality Assessor, his experience and certifi cation provide him with a unique ability to advise on risk management, reengineering internal audit functions and board level internal audit strategy. He is a Board member and Past President of IIA Malaysia; member of IIA s International Internal Audit Standards Board and Global IIA s Professional Issue Committee, and President of Asian Confederation of Institute of Internal Auditors. He holds an MBA from Heriot Watt University, Edinburgh and a Certifi cation in Risk Management Assurance (USA). He is a Certifi ed Internal Auditor; a Member of MIA, MICPA and CPA Australia; a Chartered Member of IIA Malaysia, and an Associate Member of Association of Certifi ed Fraud Examiners. DR MOHAMED ASHRAF MOHAMED IQBAL Dr Mohamed Ashraf is the founder of MindSpring Sdn Bhd; an advisory fi rm specialising in business performance solutions with a keen interest in the performance of knowledge based organisations. He is the strategy & performance expert in MindSpring. Prior to this, he held various positions with Shell in Malaysia, was the General Manager for Human Resources in Proton Berhad and subsequently appointed as Managing Director for Proton in the UK and Europe. He also spent a number of years as a Regional Director for the HayGroup. He concurrently is an Independent Non-Executive Director of HSBC Amanah and provides mentoring to a number of technology start-up. Dr Mohamed Ashraf holds a PhD in Islamic Banking and Finance, a post graduate diploma in Islamic studies, a Master s in Business Administration and a Bachelor of Science in Mechanical Engineering. ASSOC. PROF. DR CHAN WAI MENG Dr Chan Wai Meng is an Associate Professor in the Faculty of Business and Accountancy, University of Malaya. She lectures Company Law since she joined the Faculty in 1998. Wai Meng has published extensively. She authored the books Third Party Rights in Insurance Law in Malaysia (Sweet & Maxwell Asia, 2008), Understanding Company Secretarial Practices in Malaysia (Cengage Learning, 2010) and Company Law in Malaysia (Cengage Learning, 2013). She is currently writing Essential Company Law in Malaysia: Navigating the Companies Act 2016 which is scheduled for publication by Sweet & Maxwell Asia in mid-2017. Prior to joining the academia, she was in legal practice and in the banking industry for ten years. LEE SHIH Lee Shih is a dispute resolution partner of the law fi rm Skrine. His work focuses on corporate disputes and corporate insolvency. He regularly speaks at various conferences and seminars on the Companies Act 2016. He has been invited to speak at the SSM National Conference, the SSM National Insolvency Conference, the MIA International Accountants Conference and the MAICSA Annual Conference. He is the co-author of the book Companies Act 2016: The New Dynamics of Company Law in Malaysia. BRIAN WONG Brian is Partner, Assurance & Business Risks at PKF Malaysia, with over two decades of professional experience in assurance, governance and business risk related services. He had served as Director and Audit Committee Chairman for several public companies and is presently serving on the boards of several corporations on Bursa Malaysia, the Singapore Stock Exchange, and the London Stock Exchange. He is a Chartered Accountant with MIA, a Fellow with CPA Australia, CPA with the Khmer Institute of Certifi ed Public Accountants & Auditors, a Certifi ed Financial Planner, and a member of the Association of Certifi ed Fraud Examiners. He is a Council Member of MIA and serves in its Investigation, Audit & Risk Management, and Public Practice committees. YAP WENG SEONG Weng Seong is Unit Head in the Regulatory Development & Services Division of Suruhanjaya Syarikat Malaysia. He has over 29 years experience in a wide range of industries including at an international fi rm specialising in audit, accounting and business advisory; the Royal Malaysian Customs; as Financial Controller in the private sector; the Corporate Tax and Withholding Tax Sections of Inland Revenue Board of Malaysia where he gained knowledge on personal and corporate tax, tax audit, withholding tax and compliance tax, and also served as a Prosecuting Offi cer. He is a Fellow Member of ACCA, UK, member of MIA, certifi ed trainer with Pembangunan Sumber Manusia Berhad and has a Certifi cate IV in Training and Assessment by Management Consultancy International Pty Ltd, Australia. SAMANTHA TAI YIT CHAN Samantha is the Chief Executive Offi cer of Boardroom Corporate Services (KL) Sdn Bhd. She has over 20 years experience in corporate secretarial work, providing advisory services including due diligence reviews for corporate restructuring and related services such as IPOs, governance related advisory including Board assessment to clients of public listed companies (PLCs), liquidation and preparation of circulars for submission to Bursa Malaysia. She has provided in-house training for directors of PLCs and speaks at seminars organised by professional bodies including MAICSA, CCM, MICG, FPLC, MIA, MIRA, SIDC, and Bursa Malaysia. Samantha is a Board member of MIRA, and a Fellow Member of MAICSA. Boardroom Group in Malaysia provides services on accounting, business advisory, corporate secretarial, directors training, HR consultancy, payroll, share registry, scrutineering, e-polling and taxation.
DR GRACE MUI YANCHI Dr Grace Mui Yanchi is Co-founder and Principal Research Consultant at Thye & Associates. Her primary research interests are internal auditing, governance, external auditing, and sustainability. Grace is a Certifi ed Internal Auditor, Certifi ed Practising Accountant (Australia), and Chartered Accountant (Malaysia). She is also an associate member of the Institute of Internal Auditors and Association of Certifi ed Fraud Examiners. Grace has received several research grants and has published in international academic journals and practitioner journals. She was awarded a PhD from the University of Queensland, Australia for her thesis titled Auditor expert performance in fraud detection: The case of internal auditors. Grace is a member of the IIA Malaysia Research and Technical Advisory Committee. MOHD KHAIDZIR SHAHARI Mohd Khaidzir is Vice President of IIA Malaysia and chairs the Professional Practice Development Committee. He is also the Executive Director at KPMG Management and Risk Consulting Sdn Bhd, and is one of the Partners in charge of Islamic Business Advisory services. He has provided governance, risk and assurance advisory services to GLCs, MNCs and large Enterprises. He is also an advisor for the Accounting School at a local university. He is a Certifi ed Internal Auditor, a Chartered Accountant with MIA, and a Professional Member and Accredited Quality Assurance Reviewer of IIA Malaysia. He is also a member of the Federation of Malaysian Manufacturers Ethical Business Committee and National Mirror Committee on Social Responsibility. He holds a Bachelor in Accounting from International Islamic University, Malaysia. WEE HOCK KEE Hock Kee is Managing Partner of CG Board Asia Pacifi c, providing learning and leadership development in governance, risk management and internal control (GRC). He also chairs the Audit and Risk Management Committee for KTC Consolidated Berhad, MIMOS Berhad and Malvern International Plc. His previous working experience includes being Regional Audit Director in AstraZeneca Plc UK (AZ) for Asia Pacifi c, Middle East and Africa. He is a Research Fellow at HELP University, a faculty member of NIEW/MINDA, and at SIDC for their Capital Market Director Programme on Corporate Governance, and is involved in women directors training. He is a Chartered Fellow of IIA Malaysia, a Fellow of ACCA, and a Chartered Accountant with MIA. He was the past President of IIA Malaysia and Asian Confederation of Institute of Internal Auditors, a board member of IIA Global, a member of ACCA Malaysia s Advisory and past Chairman of Internal Audit Working Group of MIA. He graduated with ACCA from Emile Woolf College London, and holds a Certifi cation in Risk Management Assurance (United States). SIMON TAY PIT EU Simon Tay is the Executive Director of the Professional Practices and Technical division of MIA. He is also an Executive Director of PricewaterhouseCoopers (PwC) Malaysia. He has over 20 years of experience in auditing specialising in statutory and special audits across a broad spectrum of industries including manufacturing of industrial products, logistics, property development and construction, trading and oil and gas. He is also a member of CPA Australia and the Vietnam Association of Certifi ed Public Accountants. SIEW KAR WAI Kar Wai is a Senior Executive Director at PricewaterhouseCoopers and leads the Accounting Consulting Services in PwC Malaysia, a function that provides technical consultation for the assurance practice on fi nancial reporting matters, as well as conducting quality review of fi nancial statements. She also designs and instructs training courses on various accounting topics, and has spoken at various seminars and outreach meetings on the new Malaysian accounting standards. She is a member of MIA and MICPA, and an active participant in various working groups and technical committees with the MASB, MIA and MICPA. LIM KIAN TONG Kian Tong is currently the Vice President, Accounting Policy for AmBank Group. He started his career in PwC and developed an interest in solving complex accounting issues whilst involved in providing audit and assurance services. He was later accredited as an IFRS consultant in PwC s Global Accounting Consulting Services network and specialised in providing IFRS/MFRS technical support. He contributed in PEMANDU s Strategic Reform Initiatives Lab on public sector accrual accounting in 2011, and provided IPSAS/MPSAS technical advisory to the accrual accounting project team of PwC and the Accountant General s Department of Malaysia. He had previously served as a technical manager to MIA s Financial Reporting Standards Implementation Committee. Kian Tong is a member of MIA and CPA Australia. He was educated at the University of Technology, Sydney.
Audit Committee Conference 2017 Making an Impact REGISTRATION FORM Please o the appropriate checkboxes. PARTICIPANTS' DETAILS Participant 1 Full name as per I/C (Dato' / Datin / Dr / Mr / Mrs / Ms): o Vegetarian Meal Participant 2 Full name as per I/C (Dato / Datin / Dr / Mr / Mrs / Ms): o Vegetarian Meal Membership No.: Participant 3 Full name as per I/C (Dato / Datin / Dr / Mr / Mrs / Ms): o Vegetarian Meal Membership No.: ORGANISATION'S DETAILS Organisation: Industry: Contact Person: Address: Tel: Fax: TAX INVOICE to be issued under: o Company o Individual Signature & Company Stamp: PAYMENT DETAILS Payment by Cheque Bank & Cheque No.: Amount RM: Payment by Credit Card o Visa o Master Cardholder's Name: Card No.: Expiry Date: I Authorise Payment of RM: PROGRAMME FEES Member RM 1,007 Boardroom clients/ associates RM 1,007 Non-member RM 1,219 Group (3 pax and above from the same organisation) RM 848 The above programme fee is inclusive of 6% GST. For members, please tick where applicable: Participant Association 1 2 3 MIA member IIAM member ACCA member Boardroom member CIMA member FPLC member MICG member PROGRAMME DETAILS & REGISTRATION 5 April 2017 (Wednesday) Connexion Conference & Event Centre @ Nexus Bangsar South, Kuala Lumpur Contact : Fara Tel : 03 2722 9194 Fax : 03 2722 9009 Email : sp@mia.org.my Address : Malaysian Institute of Accountants Dewan Akauntan Unit 33-01, Level 33 Tower A, The Vertical Avenue 3, Bangsar South City No. 8, Jalan Kerinchi 59200 Kuala Lumpur GST No. : 000955203584 Contact : Haslizan / Josie / Hairul Tel : 03 2181 8008 ext 210/213/212 Fax : 03 2181 1717 Email : conference@iiam.com.my Address : The Institute of Internal Auditors Malaysia 1-17-07, Menara Bangkok Bank Berjaya Central Park 105 Jalan Ampang 50450, Kuala Lumpur Contact : Alex Lee Tel : 03 7720 1139/1155 Fax : 03 7720 1111 Email : alex.lee@boardroomlimited.com Address : Boardroom Corporate Services (KL) Sdn Bhd Lot 6.05, Level 6, KPMG Tower 8 First Avenue, Bandar Utama 47800 Petaling Jaya Selangor Darul Ehsan Cardholder's Signature: Date: IMPORTANT NOTES: Registration is on a first-come-first-served basis. Only fully completed registration form will be processed. PROGRAMME FEE Fee is payable to MALAYSIAN INSTITUTE OF ACCOUNTANTS Fee includes course materials, lunch and 2 tea breaks per day. Full payment of the above amount shall be made within thirty (30) days from the date of the Payment Advice or on the day of the event, whichever earlier. Admittance may be denied upon failure to make full payment as per the above requirement. 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 seven (7) 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. *Please select the participant classification carefully as it determines the fee payable. No alteration will be allowed after the registration is accepted. Terms and conditions apply. 1 The Sponsored Staff must report directly to the sponsoring MIA member in his/her firm or company. CERTIFICATE OF ATTENDANCE AND CPE HOURS Upon full attendance of the programme, participants will be issued an E-certificate. Participants will receive an email with a download link and are required to download the e-certificate within 30 days. For this purpose, it is COMPULSORY to fill in the email address clearly. 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 The Organisers reserve the right to change the speaker(s), date(s) and to cancel the programme should circumstances beyond its control arises. The Organisers reserve 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.