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About the Institute of Certified Public Accountants of Singapore (ICPAS)
The Institute of Certified Public Accountants of Singapore (ICPAS) is the national organization of the accountancy profession in Singapore. The mission of the ICPAS is "to develop, support and enhance the integrity, status and interests of the accountancy profession in Singapore".
CPE Requirements
1. As part of the requirements for public accountants to have their certificates of registration renewed, public accountants are required to maintain at least 40 CPE hours per calendar year, of which:
a. At least 30 hours must be structured; and
b. At least 15 structured hours must be in the core expertise areas of the Public Accountant Competency Map in Appendix I. Of the structured hours in the core expertise areas, at least 8 hours must be obtained
through structured learning of financial and statutory reporting standards, accounting and auditing
standards and pronouncements.
2. A CPE year is from 1 January to 31 December of the same calendar year.
What This Means to You
What this means is confidence. As a provider of sponsored programs, we are committed to the highest standards of quality in financial learning.
For more information regarding administrative policies such as complaints and refunds, please contact our offices at 212-641-6616.
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| 1. | Asset Liability Management for Insurance Companies | 1 2 3 4 5 6 7 8 9 10 |
a) Scope of ALM b) Overview of ALM in Insurance Companies c) A 9 part Framework of ALM a) Strategies for ALM b) Overview of Life, Property and Casualty Industry c) Annuities a) Actuarial Principles b) Reinsurance c) Insurance-Linked Securitization a) Yield Curve Analysis b) Interest Rate Gap I c) Interest Rate Gap II a) Simulation and Scenario Analysis I b) Simulation and Scenario Analysis II a) Duration I b) Duration II c) Duration III a) Convexity b) Basic Point Value a) Value at Risk - I b) Value at Risk - II c) Application of Analytical Techniques a) AL Organization b) ALCO Meetings c) ALM Policies and Procedures a) Audit of ALM b) Regulations in Insurance Industry c) Software Applications d) Case Study - Confederation Life Insurance |
1.5 Hours 1.5 Hours 1.5 Hours 1.5 Hours 1.5 Hours 1.5 Hours 1.5 Hours 1.5 Hours 1.5 Hours 1.5 Hours |
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| 2. | Anti-Money Laundering | 1 2 |
a) What is Money Laundering b) International Initiatives c) Customer Identification Program a) USA Patriot Act b) Wolfberg's Principles on Correspondent Banking c) Terrorist Related Issues |
1.5 Hours 1.5 Hours | |||||
| 3. | Asset Liability Management | 1 2 3 4 5 6 7 8 9 10 |
a) Scope of ALM b) Objectives of ALM c) Growing Relevance of ALM a) A Nine-part Framework for ALM b) Strategies of ALM c) Yield Curve Analysis a) Interest Rate Gap Analysis I b) Interest Rate Gap Analysis II c) Interest Rate Gap Analysis III a) Simulation and Scenario Analysis I b) Simulation and Scenario Analysis II a) Duration I b) Duration II a) Duration III b) Duration IV a) Strategies for Interest Risk Management b) Basis Point Value a) Convexity b) Review of Statistical Concepts a) Value at Risk I b) Value at Risk II a) Application of Analytical Techniques b) AL Organization c) ALCO Meetings d) ALM Policies and Procedures | 1.5 Hours 1.5 Hours 1.5 Hours 1.5 Hours 1.5 Hours 1.5 Hours 1.5 Hours 1.5 Hours 1.5 Hours 1.5 Hours | |||||
| 4. | Asset Securitization | 1 2 3 4 5 6 7 8 9 10 |
a) Overview b) Credit Enhancement c) Ratings Approach to Asset Securitization a) Residential Mortgage Backed Securities-Basics b) Residential Mortgage Backed Securities-Prepayments c) Residential Mortgage Backed Securities-Basic Structures d) Residential Mortgage Backed Securities-Basic Structures a) Mortgage-backed Securitization (Commercial) b) Auto Loan Receivables Securitization c) Credit Card Receivables Securitization a) Collateralized Debt Obligations (CDOs) b) Case Studies (CDOs, CLOs, CBOs) c) Future Flow Receivables Securitization a) Home Equity Loans b) Insurance Risk Securitization - I c) Insurance Risk Securitization - II a) Case Studies (Non-Performing Loans) b) Case Studies (Different Products) a) Case Studies (Asia & Australia) b) Case Studies (North America & Europe) a) Healthcare Receivable Securitization b) Asset-backed Commercial Paper c) Project Management a) Risk Management b) Legal Aspects a) Accounting b) Tax c) Supervision | 1.5 Hours 1.5 Hours 1.5 Hours 1.5 Hours 1.5 Hours 1.5 Hours 1.5 Hours 1.5 Hours 1.5 Hours 1.5 Hours | |||||
| 5. | Basel-II – New Capital Proposals | 1 2 3 4 |
a) Overview b) Credit Risk -Standardized Approach a) Credit Risk - IRB Approach b) Credit Risk - Securitisation Framework a) Operational Risk b) Market Risk a) Supervisory Review Process b) Market Discipline | 1.5 Hours 1.5 Hours 1.5 Hours 1.5 Hours | |||||
| 6. | Budgeting | 1 2 | a) Overview of budgeting b) Types of budgets c) Approaches to budgeting a) Preparing a budget b) Budgetary control | 1.5 Hours 1.5 Hours | |||||
| 7. | Capital Adequacy Planning (Basel-I) | 1 2 |
a) Overview b) Credit Risk I c) Credit Risk II a) Market Risk Capital - Overview b) Standardized measurement method c) Internal ratings based approach d) Economic Capital/Risk Adjusted Return on Capital (RAROC) |
1.5 Hours 1.5 Hours | |||||
| 8. | Case Studies-Treasury Management | 1 2 | a) Treasury Management - Scope and Importance b) Overview of Risk Management c) Sumitomo d) Lufthansa e) Allied Irish Banks a) P & G b) Gibson Greetings | 1.5 Hours 1.5 Hours | |||||
| 9. | Corporate Governance I – Introduction | 1 | a) Overview b) Models and Mechanisms c) Shareholders and Stakeholders | 1.5 Hours | |||||
| 10. | Corporate Governance II -Roles & Responsibilities | 2 | a) Board of Directors b) Audit Committee c) Banking Corporate Governance | 1.5 Hours | |||||
| 11. | Corporate Governance III – Implementation | 3 | a) Corporate Scandals b) Best Practices c) Corporate Responsibility | 1.5 Hours | |||||
| 12. | Counterparty Credit Risk | 1 2 3 | a) Overview to Derivation Products-I b) Overview Derivation Products-II c) Credit Exposure a) Credit Risk in Derivative Products b) Pre-settlement & settlement risk c) Netting a) Margin and Collateral Requirements b) Monte Carlo Simulation c) Case Studies | 1.5 Hours 1.5 Hours 1.5 Hours | |||||
| 13. | Credit Analysis | 1 2 3 | a) Overview to Credit Analysis b) Lending Process c) Financial Statement Analysis I d) Financial Statement Analysis II a) Non Financial Analysis b) Asset Classification and Loan Loss Provisioning c) Borrowing Causes and Sources of Repayment a) Problem Loans | 1.5 Hours 1.5 Hours 1.5 Hours | |||||
| For details, please visit http://www.icpas.org.sg/course/elearn_course_list.asp | |||||||||
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