Course Description

This recording has been refreshed on 20 June 2025 with the latest Masterclass.


Part 1: Looking through the Lens from Audit Committee

  • Case Studies of Corporate Failures due to AC oversight
    • Wirecard (Over reliance in external auditor, resulting fraudulent accounting & regulatory failures)
    • Hyflux (Poor AC oversight on management financial decision)
    • Sing Post (Weak whistleblowing policies and process)
  • Strengthening the Defence in the Organisation
    • 1st line of defence: Management
    • 2nd line of defence: Internal Auditor
    • 3rd line of defence: Audit Committee & External Audit


Part 2: Beyond the Numbers - Strengthening the Audit Committee’s Oversight on Financial Statements

This session explores how audit committees can go beyond compliance to truly understand the business drivers behind the numbers. The discussion will cover key areas of financial statement review, common red flags, and how committees can engage meaningfully with management and auditors to ensure transparency and integrity.


Part 3: Drawing the Dot - Climate to Finance

  • Roadmap to mandatory climate reporting and assurance
  • How ESG failures can lead to financial & reputational damage.
  • Insights to how Board can provide guidance and experience sharing
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Victor Lai

FCA (Singapore); Member, ISCA Corporate Governance and Risk Management Committee; Principal Consultant, CitadelCorp

Victor has over 22 years of professional experience in Corporate Advisory, Share Registry, Auditing, Executive Management and Board Advisory matters - with a focus on Capital Markets in Singapore, Hong Kong, Malaysia and USA. He has led and advised on Board and Corporate Governance matters, supporting many listed-entities and large-privately-owned business with their Corporate Actions. Victor also has extensive experience in AML-CFT regulatory compliance, having served as the Industry Sector representative for Global Regulatory reviews.Connect with Victor Lai
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Prof. Chua Kim Chiu

Audit Committee Chairman, OCBC Limited; Professor (Practice) in Accounting, NUS Business School

Professor Chua is a Fellow Chartered Accountant of Singapore and has held the position of Professor (Practice) in Accounting at the NUS Business School, National University of Singapore since 2016. He joined academia following his retirement as a partner at PricewaterhouseCoopers, where he enjoyed a distinguished career spanning over 35 years.Professor Chua currently serves as Chairman of the Audit Committee at OCBC Bank and a member of the Audit and Risk Committee of the Manager of Mapletree Pan Asia Commercial Trust.He holds a Bachelor of Commerce in Accountancy from Nanyang Technological University, and a Bachelor of Commerce and Administration with Honours in Accountancy from Victoria University of Wellington.
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Koh Chin Beng

Partner, Risk Advisory Services, BDO Singapore; Member, Sustainability Reporting Advisory Committee, ISCA

Chin Beng is a Chartered Accountant (Singapore) and Certified Internal Auditor with over 30 years of auditing experience. Currently a Partner at BDO Singapore’s Risk Advisory Services, Chin Beng leads the firm’s sustainability reporting services and manages internal audits for listed companies, non-profit organisations, government ministries, and statutory boards. His expertise spans enterprise risk management, control self-assessments, and pre-IPO internal controls reviews for companies seeking SGX or Catalist listings.Chin Beng contributes significantly to thought leadership in the profession, and formerly served on the ACRA-SGX RegCo Sustainability Reporting Advisory Committee.Chin Beng graduated with a Bachelor of Accountancy (Honours) from Nanyang Technological University.
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Soh Gim Teik

Audit Committee Chairman, Wilmar International Limited; Partner, Finix Corporate Advisory LLP

Mr Soh Gim Teik is a Partner in Finix Corporate Advisory LLP which is involved in advising organisations on board and directorship matters in the areas of strategic management, corporate structure, finance and corporate governance.He holds various appointments in a number of private and public sector organisations.He is an Independent Director of Wilmar International Limited, a company listed on the Singapore Exchange (SGX) and is currently the Chairman of Farrer Park Hospital Pte Ltd, Board Deputy Chairman of the Singapore Science Centre as well as a Director and Executive Committee Member of Economic Development Board Investments (EDBI) Pte Ltd, a subsidiary of the Economic Development Board (EDB).In addition, he is a Board Member of Consortium for Clinical Research and Innovation Singapore Pte Ltd and also serves as the Audit and Risk Committee Chairman of Ministry of Health (MOH) Holdings Pte Ltd, both these companies being subsidiaries of the MOH.In other areas, he is presently a member of the Advisory Committee on Accounting Standards for Statutory Boards with the Accountant-General's Office and is a Panel Member of both the Institute of Singapore Chartered Accountants (ISCA) and SGX disciplinary panels.Prior to 2009, he was an Executive Director and Chief Financial Officer of a SGX-listed company.Mr Soh is a Chartered Accountant, Singapore and holds a Bachelor of Accountancy degree from the then University of Singapore. He is a Fellow of the Singapore Institute of Directors.

Course Rating

Speaker's Rating

3 CPE Hours

Lesson

5

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