Higher Institutions' Centre of Excellence MALAYSIA: Driving Research in Islamic Financial Criminology
& WINNERS OF GLOBAL ISLAMIC FINANCE AWARDS 2014,2015 & 2016; ACQ GLOBAL AWARDS 2015 & 2016 and ASEAN Risk Management Award 2016
Tuesday, July 7, 2015
Seminar on Forensic Accounting and Fraud Investigation
Today, the Malaysian Institute of Accountants (MIA) organized a 1-day Seminar on Forensic Accounting and Fraud Investigation in Kuala Lumpur.
Themed "Uncovering Global Trends in Corporate Crimes" the seminar was attended by accountants and forensic accountants from various agencies - government, private and practice. The seminar is basically divided into six sessions namely (i) Combating Tax Evasion & Money Laundering, (ii) Creative Accounting, (iii) Cyber Crimes, (iv) Fraud Detection using Data Analytics, (v) Cross-border Internal Investigation and (vi) Presenting Complex Accounting Issues in Court. Prof Dr Normah Omar, Director of the Accounting Research Institute (ARI) was invited to moderate the first plenary session titled "Combating Tax Evasion & Money Laundering: Tips for Forensic Accountants". Basically tax evasion & money laundering are global problems which are growing exponentially,
It is imperative to combat tax evasion & omey laundering in order to be able to finance growth-enhancing public investment, ensure the health of public finances, and sustain long-term economic well being. As a reporting institution, accountants need to ensure that internal controls are in-placed and fraud risk assessments are conducted on regular basis. The discussions also explore the relationship between tax evasion and money laundering in addition to the roles of accountants in distinguishing between legitimate tax planning, tax avoidance and tax evasion. ARI congratulates the Malaysian Institute of Accountants for organising the event.