IIA-ACCA Joint Event: Key Elements of Effective Internal Controls

Event Code: JE201710 CPE Hours: 2
Event Start Date: October 16, 2017 Event End Date: October 16, 2017
Time: 7.00 PM - 9.00 PM Registration Deadline: October 13, 2017
Venue : ACCA Singapore 1 Raffles Quay, #22-10A One Raffles Quay (South Tower) Singapore 048583
Lunch Provided: No Tea Break: Yes
Event Overview:

Setting the right “Tone at the Top” is critical to the control environment. The tone defines management’s leadership and commitment towards openness, honesty, integrity, and ethical behavior. The control environment is the foundation upon which all components of internal controls are based. For an organisation, having a strong internal control system is important in its achievement of operating, reporting and compliance objectives.

With the current landscape of rapidly changing business models and technology, it can be challenging to design and implement an effective internal control system. All the three lines of defense in an organisation have a role to play in internal control. Management control being the first line of defense, the various risk control and compliance oversight functions established by management being the second line of defense and internal audit, the independent assurance, is the third. As required by The Code of Corporate Governance, the Board needs to comment on the adequacy and effectiveness of the company’s internal controls. The Board has to rely on the 3 lines on defense to obtain assurance.

The combined assurance which brings together the internal and external assurance providers i.e. management, external audit and internal audit to provide a comprehensive, and holistic view of the effectiveness of the organisation’s governance, risks, and controls. There are inherent limitations in all systems of internal control with the people element. Systems can be circumvented if people collude. Likewise, with management overriding controls, systems will not be effective.

In collaboration with ACCA Ethics Film Festival 2017, this session will cover an appreciation of internal controls, the responsible parties, the limitation of internal controls, tips on the designing of internal controls and continuous monitoring concepts and combined assurance. 

Speaker Profile
Ms. Tan Boon Yen is a Senior Director RSM Singapore with extensive experience in governance, risk and consulting work. Boon Yen has conducted and led many financial, operational and compliance audits in listed and multinational groups in various regional industries including container shipping, precision engineering, property, printing and publishing, retail, disk drive and semiconductor manufacturing, trading, distribution, banking, technology, electronics and marine businesses. She also has extensive experience audit projects overseas in countries such as Malaysia, China, Hong Kong, Japan, Taiwan, India, USA, Europe and Australia.

Prior to RSM Singapore, she has worked with Singapore Technologies Pte Ltd, Seagate International, Sembawang Shipyard, TNT Express Worldwide, Neptune Orient Lines and Deloitte.

Boon Yen holds a Bachelor of Accountancy Degree from the National University of Singapore and is a Chartered Accountant of Singapore, a Certified Internal Auditor and also holds a Certification in Risk Management Assurance. Boon Yen is currently the President of The Institute of Internal Auditors Singapore (IIAS).


IIA Singapore & ACCA Members: $40 
Non-members: $65 

(Inclusive of GST)

Each registered participant will receive one ticket to watch The Wizard of Lies on 20 Oct.


Terms and Conditions:

1. Registered participants will be liable for the full fee even in the event of non-attendance.
2. A processing fee of $100 will be imposed for any cancellation. Cancellation must be submitted in writing 7 days prior to the event date and subject to IIAS’s approval. Substitutions will be permitted and conditions will apply.
3. Full payment must be received prior to the event. Registration forms submitted without payment will not be accepted.
4. Contact Person will be notified VIA EMAIL of the result of their application for enrolment within three working days after the enrolment deadline.
5. Registration is on a first-come-first-served-basis.
6. IIAS reserves the right to revise the programme as necessary.
7. IIAS reserves the right to cancel or postpone the training should the minimum class size is not met.


A system generated email will be sent upon successful registration of the mentioned event. If you do not receive the email notification, please call IIA Academy at 6324 9030/31.

Registration Closed.