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Update on COSO 2013

Event Details:

Speaker : Mr Ricky CHENG, Director of Risk Advisory Services of BDO Financial Services Ltd

Date : 13 March 2014 (Thursday)

Time : 7:00pm - 9:00pm (Registration starts at 6:30pm)

Venue : Auditorium, 1/F., Duke of Windsor Social Service Building, 15 Hennessy Road, Wanchai, Hong Kong

Language : Cantonese (no simultaneous translation)

CPD Credit : 2 hours

Fee : HK$100-

About the Seminar:

In view of the increasingly complex business models and technologies, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) has issued an updated version of Internal Control – Integrated Framework in May 2013.

The revised framework is more agile to the current business and operating environments compared to the 1992 version and provides clear guidance on the design and implementation, via application of internal control principles. If correctly adopted, COSO 2013 will help organisation establishing effective internal controls at lower costs.

The newly launched COSO 2013 will bring new insight to listed corporations around the globe. While implementing the new COSO, listed corporations and multinationals are advised to consider the major changes of the framework and their implications. This seminar shall focus on the new COSO 2013, and its changes, ie:

- “The global perspective”

- Why revisions to COSO 2013?

- What is not changing?

- What has been updated?

- Effective internal control

- SMEs and Governments

- Scenario analyses

- Recommended actions

About the Speaker:

Mr Cheng has over 17 years of experience in both external and internal auditing in commercial organizations and Big 4 accounting firms. Mr. Cheng has in-depth knowledge and experience in corporate governance, risk management and internal control review. Mr Cheng frequently participates in public speaking in related topics. Mr. Cheng holds the followings:

- Fellow of Hong Kong Institute of Certified Public Accountants

- Fellow of The Association of Chartered Certified Accountants

- Certified Internal Auditors

CPD Hours:

Completed CPD hours will be granted to attendees who have attended a full session of seminar. For those who have not attended full session, the number of CPD hours will be discounted accordingly. For the exact recognition of the CPD hours, please check with the respective Institute or Association.

Bad Weather Arrangement:

This event may be cancelled or re-scheduled when typhoon no.8 or black rainstorm warning is hoisted. Please refer to our website for the arrangement.


Accounting Development Foundation (ADF)

CPD Requirements: Our seminars can fulfil CPD requirements. As professional bodies would not formally endorse the seminars we provide, it does not mean that the events we organize do not meet the CPD purpose. Registrants should note that you are responsible for determining whether our seminars or any event satisfy your CPD requirements i.e. that the training you receive are of appropriate standard and relevance to your maintaining and enhancing the technical knowledge and professional expertise. If necessary, please check with your respective professional body before registering our seminars. ADF does not warrant that the attendance of our seminars or events would automatically be recognized by the respective professional bodies as fulfilling your CPD requirements.

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