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
Welcome Address I
Dr Nurmazilah Dato’ Mahzan, CEO, Malaysian Institute of
Accountants
2.00pm
Presentation Session
Key results research findings presentation:
Profile of Internal Audit Function and Audit Committees
in Malaysian Public-listed Companies
9.00am
Welcome Address II
Lucy Wong, President, 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.
2.15pm
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.
Moderator:
Moderator:
Jason Yuen Chee Mun, Partner, Ernst & Young Advisory
Services Sdn Bhd
Mohd Khaidzir Shahari, Vice President, IIA Malaysia
Panellists:
Dr Grace Mui Yanchi, Research and Technical Advisory
Committee Member, IIA Malaysia
Wee Hock Kee, Managing Director, CG Board Asia Pacific
Sdn Bhd
Datuk Yvonne Chia, Independent Non-Executive Director,
All Asia Broadcast Center
Alan Hamzah Sendut, Non-Executive Director/
Independent, Hong Leong Islamic Bank Berhad
Alan Goon, Executive Partner, Gartner
10.00am
Speaker:
Dr Grace Mui Yanchi, Research and Technical Advisory
Committee, IIA Malaysia
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.
Panellists:
3.15pm
Networking and Refreshments
3.45pm
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.
Moderator:
Ranjit Singh,, Executive Director, Axcelasia Inc.
Panellist:
Moderator:
Dr Mohamed Ashraf Mohamed Iqbal,, Founder,
MindSpring Sdn Bhd
Simon Tay Pit Eu, Executive Director, Professional
Practices & Technical, Malaysian Institute of Accountants
10.45am
Networking and Refreshments
11.15am
Session 3 (Panel)
Companies Act 2016: Understand your Obligations
The Companies Act 2016 is set to transform 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 account or
combination with share capital
• Consideration of effort and disclosure of business review
i.e. business sustainability
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
Panellists:
Moderator:
Assoc. Prof. Dr Chan Wai Meng,, Department of Business
Strategy and Policy, Faculty of Business and Accountancy,
University of Malaya
Panellists:
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
Representative from Audit Committee
5.00pm
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 Certified Information Systems Security Professional,
Certified 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 first
female Chief Executive Officer 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 finalist in the CNBC Asia Business Award. She is a proven
strategist and influencer/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 qualified CPA and
Certified Financial Planner.
RANJIT SINGH
Ranjit is Executive Director at Axcelasia Inc., and has 28 years experience
in internal and external audit, risk management, governance, forensic
accounting and transformation & programme management. He has led
international engagements and had spoken at IIA International Conferences.
Ranjit was a past President of IIAM, a committee member of Global IIA’s
Professional Issue Committee, had served as its Secretary, he also served as Vice
President of the Asian Confederation of Institute of Internal Auditors. He is a member of
MICPA, MIA, CPA Australia, and Malaysian Association of Risk and Insurance Managers;
an associate member of ACFE, a Chartered Member of IIA, a Certified Internal Auditor
(United States) and holds a Certifi cation in Risk Management Assurance (United States).
Ranjit holds a Master's Degree in Business Administration from Heriot-Watt University,
Edinburgh, United Kingdom.
DR MOHAMED ASHRAF MOHAMED IQBAL
Dr Mohamed Ashraf is the founder of MindSpring Sdn Bhd; an advisory
firm 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 mid2017. 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 firm 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 Certified Public Accountants &
Auditors, a Certified Financial Planner, and a member of the Association of Certified 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 firm 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, certified trainer
with Pembangunan Sumber Manusia Berhad and has a Certifi cate IV in Training and
Assessment by Management Consultancy International Pty Ltd, Australia.
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 Certified
Internal Auditor, Certified Practising Accountant (Australia), and Chartered
Accountant (Malaysia). She is also an associate member of the Institute of
Internal Auditors and Association of Certified 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
Certified 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 Certified 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 financial reporting
matters, as well as conducting quality review of financial 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
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5 April 2017 (Wednesday)
Connexion Conference & Event Centre @ Nexus
Bangsar South, Kuala Lumpur
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