The Accounting Research Institute (ARI) were extremely honoured to be invited to participate at a recent Corporate Board Leadership Symposium 2015 organised by the Malaysian Institute of Accountants (MIA). Themed "Powering the Board to the Next Level”, the symposium focuses on understanding the challenges and opportunities facing boardrooms today. ARI director, Professor Dr Normah Omar, has been invited to talk and moderate a plenary session on "Recognising Red Flags in Financial Statements". One of the most important skills the boards may lack is the ability to read complex financial statements and identify red flags and suspicious transactions. This session zeroes in on the most common red flags and vulnerable areas in financial statements and suggests strategies that the boards can cultivate and apply professional scepticism to defend their organisations against financial and reputational risks. For the session on "Recognising Red Flags in Financial Statements", the MIA has invited two very prominent professionals as plenary speakers: Ms Aida Lim Abdullah and Mr William Teo. The session has been very interactive.