OVERVIEW Protect Your Business Against Expensive Malpractices and Fraudulent Behaviour The rise in contract management and the outsourcing of goods and services has created an increase in procurement fraud, which can occur at any stage of the contracting and procurement process. Appropriate controls, fraud prevention strategies and proper tendering processes are necessary in the fight against this fraud. It is important to remember that maintenance of financial controls remains critical in this age of digitalisation. Public and private sectors must continue to comply with legal responsibilities and related guidance on financial governance. It is essential that all staff maintain financial records and decision logs – regardless of any circumstances - so that audit trails are preserved . Procurement, finance, and payroll staff – as well as those who requisition or authorise the purchase of goods, services and works should familiarise themselves with the controls set out to prevent fraud , identify key parameters for auditors in assessing the risk of sub-optimal procurement, and how they should prioritise and conduct their audits to check if these risks have materialised, including the risk of fraud and corruption. Procurement fraud can occur through departmental purchasing of goods and services, as well as through contractual arrangements with external service providers. It can occur in many different ways. Fraud within the procurement life cycle is high risk and can result in recurring losses. You may be at risk due to fraudulent activities conducted by internal staff, collusion between internal staff and external service providers or external service provider or industry collusion. This workshop offers insight into the specific risks and possible management techniques in procurement in good or tough times. This 14 hours training programme would equip participants with the knowledge, skills, and techniques to deter, prevent, and detect various devastating types of fraud. Learn how to identify procurement fraud situations, uncover rogue operatives and threats and provide a higher level of transparency and control over all elements of your purchasing requirements.

OVERVIEW How will risk management and internal audit professionals leverage its capabilities and address its risks? “Risk Management and Internal Audit professionals have been talking about Chat GPT. Many are curious about how it can enhance risk management and internal audit work, be it risk assessment or report writing. If you haven’t heard of it, where have you been ?" As technology continues to evolve, risk management & internal audit professionals are constantly on the lookout to implement new tools to improve the efficiency of their work . The incorporation of Artificial Intelligence (AI) tools, such as ChatGPT, has the potential to bring about huge benefits to the industry. ChatGPT represents a prime example of AI technology that warrants close monitoring in the coming year as its many benefits continue to unfold. Before diving into the opportunities and risks of using ChatGPT in the audit process, it is important to understand what we are dealing with. ChatGPT is essentially language model developed by OpenAI. It has been trained on vast amounts of data and is able to understand and respond to human language to complete various language-based tasks. For example: answering questions, writing, researching & summarizing information. ChatGPT is a great tool that can assist day-to-day risk management & internal audit work. Nevertheless, it is crucial to acknowledge its limitations and maintain professional scepticism when using it. By incorporating appropriate safeguards, ChatGPT can increasingly support risk management & internal audit functions, resource optimization, and knowledge development. Favourite Asked Questions: • How can risk management & internal audit professionals leverage ChatGPT? • What are ChatGPT’s limitations? • What are the risks of using ChatGPT in risk management & internal audit work? • Should risk management & internal audit professionals be concerned that ChatGPT would replace them in their organisations? The new language technology is a big leap forward, but are you ready to take advantage of its rapid development and leverage its capabilities and address its risks? Our 1 Day Practical Application of ChatGPT in Risk Management and Internal Audit course provides participants with a focused understanding of how ChatGPT, a cutting-edge language model, can be effectively used in risk management and internal audit processes . There will be mini lectures, interactive discussions and practical exercises using ChatGPT for risks and internal audit tasks. SIGN UP with us if you are MAD enough. MAD stands for “ Making a Difference ” if your organization wants your employees to gain the knowledge and skills required to integrate ChatGPT into their risk management and internal audit functions, optimising decision-making and enhancing overall effectiveness.

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OVERVIEW Negotiating in business is a fact of life, whether it be to close a contract or resolve a dispute. Contract negotiation is the process of coming to an agreement on a set of legally binding terms (negotiation not only with marketplace). It could be with parent company, subsidiaries, suppliers, clients or even internal stakeholders. It could be across internal departments or subsidiaries e.g. Engineering, Production, Finance, and Safety functions. Failure to negotiate a robust contract resulting in reduced profitability and increased business risk, and an increase in personal stress and operational costs. When two parties negotiate, both parties seek to obtain favourable terms and minimize financial, legal and operational risk. As a result, good negotiating skills can be a valuable asset. This course is custom-made for those who regularly encounter contracts in their everyday role or business. It is designed to provide you with the essential practical skills and knowledge to avoid financially devastating contractual errors. The course will enable you to deal with negotiating commercial contracts. You will have the skills and knowledge to confidently overcome the complexities inherent in dealing with commercial contracts negotiation in the corporate world. Two key ingredients to successful contract management are the negotiation of terms and conditions to match business outcomes and a robust, well devised contract design process based on the principle of contract law. Contracting arrangements are governed by commercial and contract law. Both parties are to choose the terms of the contract within the limits of the law. This intensive training could prevent your organisation losing significant sums of money as it firstly establishes a solid understanding of the benefits of good contract negotiating and how to create a function capable of delivering those benefits through organisational excellence by interpreting the contractual clauses & contractual risks. Even if you are a contract manager who does not draft the contract, your input to the drafting team/ legal staff is valuable, and will be improved after attending this training. Even if you are a lawyer who is not involved in business negotiation, it is a vital skill for lawyers to develop effective negotiation skills & make sure contract content is well devised and matches with the business outcomes. 

OVERVIEW Drafting commercial contracts and service agreements is critical for solving commercial and business disputes , as well as winning legal battles. Although in recent years we have seen a significant increase of contract drafting courses, very few of them are targeted at second language learners like ours. Legal and Non-Legal professionals need to be well versed with the drafting techniques of commercial contracts to foresee the risk, balance the risk allocation and have analytical thinking to handle contracts in the best interest of their organization . It is vital that contracts be aligned with business expectations. If it is not written as needed, the contract will fail to perform. It is important to translate the business deal into contract concepts using proper contract drafting techniques and rules. Our Power Packed Intensive Training focuses on developing own ability in terms of commercial language nuances that contribute to clarity and productivity of contract drafting . The course will concentrate on the precise problems that you encounter most in your daily job roles when drafting, preparing or vetting a contract. This training empowers the attendees to understand the universal strength of drafting rules of contracts and move through the contracts. The attendees will also get Macro-Organisational Tips on drafting and organising the contracts. The attendees will be able to draft the context of the contract in an efficient legal framework. This training is for any professional who wants to learn and understand drafting of clauses in commercial contracts. There will be discussions, presentations and samples will be provided. Led by Ambigah Krishnan , a highly sought-after lawyer and legal practitioner in Malaysia who is well versed on the scope of contract law, risk compliance, contract compliance, Corporate liability under MACC Act.

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