
It is interesting to note that with the current crisis, there has been a great increase in the cases of corporate financial irregularities ranging from Societe Generale, Lehman Borthers, AIG, Satyam Computer Services, Oriental Century, Ferro China, Fibrechem Technologies, Beauty China and most recently in Singapore, Ren Ci Hospital.
Even individual investors is not spared. 'Ponzi' types schemes such as Bernard Modoff's Bernard L. Madoff Investment Securities, Robert Allen Standford's Stanford Group and our very own James Phang's Sunshine Empire has led to many a broken man and family.
MgDelxis has invited Mr.
Mike Comer, an internationally recognized global expert in the prevention, detection and investigation of fraud, to lecture on the seemingly unending financial fiascoes happening all over the world, in Singapore on 18 May, Indonesia on 20 May and Malaysia on 22 May as part of an Asian tour.
While many regulatory agencies are urging investors (both individual and institutional), auditors, accountants, independent directors and audit committees to be extra vigilant during the current financial crisis, in Mike's opinion, regulations have all too often simply created a mentality of ticking boxes and of feigned compliance that does little to prevent fraud.
He says," Organizations can cosmetically comply with every regulation, tick all of the boxes, have ethics policies coming out of their ears and can still be badly exposed. Organizations that want to truly prevent fraud, succeed in an increasingly corrupt world and comply with regulatory whimsicality have to think again. You do not dig a better a hole by digging the old hole deeper".
Mike will be sharing his expert opinions on "
Fraud and The World's Financial Collapse: The Great Compliance Scandal" Forum, and "
Investigating Major & International Frauds: Getting Your Money Back" Masterclass.
For more information regarding the Forum and Masterclass, please visit
www.mgdelxis.com/services_p2b_upcoming, email platform@mgdelxis.com for the event brochures or contact us at +65 6841 1379.