Thursday, November 1, 2012

Stolen Fruit is the Sweetest..? or the Bitterest...?

The professorial lecture by Professor Dr Normah Omar, Director of the Accounting Research Institute (ARI) went smoothly as scheduled.  The lecture title - "Financial Criminology: Stolen Fruit is the Sweetest...? or the Bitterest? was able to capture interest as evidenced by a large audience turnout of more than 450 participants.  There's indeed a good mix of participants - fellow professors, industry players, bankers, regulators, enforcement agencies, professional bodies, academia and students. Special credits should be given to the organizing committee, Faculty of Accountancy for showcasing an interesting and "flawless" event - good food, great crowd, interesting lecture content and most importantly superb time management.  Everything was on schedule.  Participants were given a copy of the Professorial Lecture book as a momento.  Professor's Normah's lecture was divided into five segments: (1) Introduction to the concepts of financial fraud & criminology; (2) Financial Statement Fraud & its related theories; (3) International Auditing Standards - SAS 99 & ISA 240; (5) A Malaysian Empirical Study on "Consideration of Fraud in the Audit of Financial Statement and (6) Recommendations & Conclusion.  Considering audiences are from various backgrounds and experiences, Professor Dr Normah was deliberate in "engaging" them with her lecture.  As serious as the concept "Financial Criminology" may portray, Prof Normah nevertheless has successfully mixed humour, wit and professional wisdom to make the topic interesting and alive.  In her final message, Prof Normah further reiterated that the fight against financial crime is the responsibility of all.  Everyone should become a "whistleblower" to crime....