Building Trust: The Audit Committee’s Role in Whistleblowing and Investigations

Created by

ISCA Academy

0 CPE Hour

18 Enrolled

English

Last updated

Tue, 04-Mar-2025

Course Description

This is an essential e-learning module designed for board members and corporate leaders to understand their role in establishing and overseeing safe and effective whistleblowing channels. The module highlights how a well-structured whistleblowing program fosters transparency, accountability, and trust within organisations.

Participants will explore the legal and regulatory frameworks governing whistleblowing in Singapore, including anti-money laundering (AML) obligations, and learn about the protection mechanisms offered by regulatory bodies such as the Competition and Consumer Commission of Singapore (CCCS) and the Corrupt Practices Investigation Bureau (CPIB).

The course covers practical strategies for developing whistleblowing policies, ensuring confidentiality, investigating whistleblower reports, and maintaining ongoing oversight. It will examine the board’s critical role in monitoring whistleblowing channels, ensuring governance, and promoting a culture of ethical leadership and trust.

By the end of this module, participants will gain the knowledge and tools necessary to lead whistleblowing initiatives that support organisational integrity and risk management.

Module Outline

  1. Introduction to Whistleblowing and Corporate Governance
    • Importance of whistleblowing
    • The Board’s Role in establishing whistleblowing channels
  2. Legal and Regulatory Frameworks for Whistleblowing
    • Understanding legal requirements for whistleblowing
    • Anti-Money Laundering compliance and whistleblowing in Singapore
    • Regulatory agencies’ protection for whistleblowers
  3. Evaluating and Assessing the Efficacy of the Organisation’s Whistleblowing Policy
    • Accessibility and Communication
    • Confidentiality and Protection
    • Timeliness and Fairness in Handling Reports
    • Oversight and Reporting to the Board
    • Alignment with Organisational and Legal Standards
    • Continuous Improvement and Board Engagement
  4. Fostering a Culture of Trust through Whistleblowing
    • The role of leadership in encouraging whistleblowing
    • Building trust through transparency
    • Overcoming challenges in whistleblowing
    • Board’s role in overseeing Management’s Response to whistleblowing reports
  5. Future Trends in Whistleblowing
    • Increased use of technology and AI for whistleblowing management
    • Enhanced Legal Protections and Regulatory Requirements
    • Integration of ESG and Ethical Reporting into Whistleblowing Channels
Instructor Image

Ee Chuan Yoong

Fellow Chartered Accountant (FCA), Singapore, Certified Information Systems Auditor (CISA), Certified Information Security Manager (CISM), Certified Internal Auditor (CIA), ISCA Financial Forensics Professional (ISCA(FFP)), Certified Fraud Examiner (CFE), ASEAN CPA.Current Board Treasurer on three profits spanning a co-operative society, a healthcare association and a professional membership association. Former Chairperson and member of the Audit Committee for SAFRA (the Singapore Armed Forces Reservist Association).Former Head of Internal Audit driving internal audits covering operational, compliance and IT domains in an institution of higher learning. Leading data analytics and forensic investigations whilst supporting CET training in procurement audits, fraud risk management and internal controls. Led the legal and compliance function as well as IT security function in the public sector.
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