Practical Guide to Auditing China-based Ventures

1 Day/ $450

This course aims to provides guide in internal auditing of overseas venture in China.


Programme Objective

China opened its doors to foreign investment in the 1980s under the leadership of Deng Xiaoping. Many company have since venture in to China to set up plants and officers. As in any overseas ventures, various compliance and control risks are facing the China-based ventures. Due to cultural and business practice differences, the internal auditor will need to have deeper and thorough understanding of local practices to be effective in identifying the risks. On completion of this program participants will - Acquire basic understanding of business environment in China - Gain knowledge on doing effective internal auditing for venture in China - Able to manage the audit projects in China - Confident in communicating and managing auditee in China

Programme Outline

  1. Challenges of Doing businesses in China

  2. Understand the compliance landscape and internal control environment in China

  3. Common Red Flags of internal control gaps for your ventures • Company stamps misuse and fabrication • Fictitious invoices, documents and certificates • Digitized processes in Order to Cash and Purchase to Pay • Contracting and outsourcing • Inventory and Warehouse

  4. Risk to be managed for China-based venture • Fraud, corruption and bribery • Statutory compliance • Human resource, payroll and employee dismissal • Asset safety, environment and fire • Information Technology and data protection

  5. Area of focus for fraud prevention for venture in China

  6. Best practices of building good control environment • Code of conduct • Whistleblowing program • Risk control matrix

  7. Developing and Managing internal auditor in China-based venture • Hiring • Managing • Training

  8. Managing with management in China-based venture • Relationship • Game theory

  9. Managing language and cultural barrier

Target Audience

  • Forensic auditor, compliance officer and loss prevention officer
  • CFO, financial controllers, accountant, finance professional,
  • Internal auditors, audit manager, audit directors, internal control officer
  • Procurement and HR professional who involve in forensic and investigative work
  • External auditors

Training Methodology

Presentation, group discussion, case study. Multimedia and template sharing

Programme Facilitator

Kent Hoh

Kent Hoh is a prolific trainer in audit, fraud investigation, corporate governance and personal effectiveness. Kent Hoh has wide ranging experience in leading compliance and audit functions in Asia Pacific as well as forensic investigation team globally.

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