17-12-2012

I know that many of you are on the brink of excitement to partake in our Corporate Station Games and the Ernst & Young Explorace. We want to make sure that you all will have the ball of your time, so we had a little test game so that you can have a tremendous time! These pictures will give you a taste of MASC's fun.

A few snaps of our Corporate Station Game: A Day with the Industries. *take 1

Not to worry. The water is clean. ;)

You'll be tested with megamind challenging games.

Get yourselves a free facial.

It's definitely worth it. :)

Blindfolding games couldn't get any harder.

  Experience a new game of twister.

Shots of Ernst & Young's Explorace: A Heart for the World. *take 2

Explore Bukit Bintang area with Ernst & Young Explorace. 

Check out these bears representing countries from all over the world.

Be on the look out for Dr Mahathir. Apparently he hangs around Bukit Bintang area.

Work as a team and you'll definitely have the time of you life.

Hold your pants! Don't get too excited, just yet. Your day will come and you'll find yourselves sitting in those pictures next year.

Plenary Session 2
Discovering the Infinite Potential in Advisory and Consultancy
by Forensic Acc-Sukdev Singh

MUSCAT: “There are tricks for identifying fraud, but also ways to prevent it from happening.”

In this session, three main issues will be discussed which include forensic accounting, internal auditing and corporate restructuring.

1. Forensic Accounting
Forensic accounting is a type of accounting practice that specially engages with legal proceedings and controversies. The emergence of forensic accounting can be traced back to just few years ago, where they act as forensic auditors or investigative auditors to give their professional opinions on frauds to be used on court. Recently, the larger firms have started to form a unit and even department for forensic accounting. Through this, we can see that the importance of forensic accounting is far more significant, beyond our expectations.

Sources: Journal of D.Larry Crumbley

2. Internal Audit 
Internal audit is another field of accounting which has been a major concern for many firms. People start to aware of the consequences of fraud, some even untraceable. The loopholes in the auditing process are always the opportunities in committing fraud. When there is opportunity, ethic is no more exists but greed is slowly surfacing. Hence, internal audit would be a protective wall, to deter all the crimes from loopholes. The role of internal auditors would become more vital in sustaining the firms’ value and prospect.

3. Corporate Restructuring
Corporate restructuring refers to the process of redesigning the systems and operations of the company to reach a higher level of competence. Undoubtedly, the upgrading process is not easy, as to strengthen the company’s position and create values for the company. Here is where the role of advisory and consultancy come in. With the assistance of an advisor or consultant, company can gain competitive advantage with a minimal effort. Hence, the potential of advisory of consultancy have grown tremendously, especially during the economic recession. Here we would discover the power of advisory and consultancy.

Merry Christmas!

GREEN for MASC

GREEN for Christmas Tree

"We wish you a Merry Christmas

we wish you a Merry Christmas

we wish you a Merry Christmas

and a Happy New Year"

Ho Ho Ho

MASC 2012 wishes everyone a Happy and Merry Christmas. God bless us everyone.

Happy New Year... 2012 is coming. MASC 2012 is coming.

Make MASC 2012 one of your Christmas presents. XD

Introducing Speaker for Plenary Session 3

Dato' Seri Johan Raslan

Dato' Seri Johan Raslan is the Executive Chairman of PwC Malaysia, and a member of the Joint Leadership Team of PwC SEAPEN Region. The PwC SEAPEN Region comprises Malaysia, Thailand, Vietnam, Cambodia and Laos and employs more than 3000 people. He has 30 years experience in audit and business advisory in Malaysia and the United Kingdom.

At PwC Malaysia, Johan also oversees Human Capital matters and has a keen interest in developing and engaging with young talents. He has spoken at several student conferences on areas related to the younger generation of the workforce, the Gen Y.

Johan holds a degree in Economics and Accountancy from the United Kingdom, and is a Fellow of the Institute of Chartered Accountants in England and Wales. He takes a keen interest in the areas of corporate governance, corporate reporting, corporate responsibility and sustainability.

He is currently President of the Malaysian Institute of Certified Public Accountants (MICPA) and a Council member of the Malaysian Institute of Accountants. Johan is also immediate past Chairman of the Financial Reporting Foundation, the body which oversees the work of the Malaysian Accounting Standards Board.

Johan is a Board member of Putrajaya Corporation and of Kumpulan Wang Persaraan (Diperbadankan), both of which are appointments by the government. He was a member of the Securities Commission of Malaysia’s Corporate Governance Consultative Committee - which advised on the recently launched Corporate Governance Blueprint.

He is also an Eisenhower Fellow and President of the Kuala Lumpur Business Club.

Plenary Session 1:

The Rise of Asian Economy: Who Are We?

Dr. Yeah Kim Leng, speaker for the session

The rise of emerging economies—especially the giant Asian economies are changing the structure of world trade and finance rapidly. It is projected that the 21st century will be Asia’s century. This is happening because the Asians have finally absorbed and understood Western best practices in many areas, from free market economy to the embrace of innovative science and technology, meritocracy and the rule of law. And of course, Asians have become innovative in their own way, creating new patterns of cooperation not seen before.

Developing Asia is expected to continue growth trend, expanding at 8.5-8.7% in GDP terms for the next 5 years. Presently, China is already the second largest economy in the world. China overtaking Japan in real GDP terms after the second quarter of 2010, hence becoming second only to the United States. Based on current trends, Dr Gene Huang, ranked one of the world's most accurate forecasters, anticipates that China will take over US's position as global economic powerhouse by 2020.

By looking at the rising trend of Asian’s economy, our main focus today is to rediscover what makes us, as Malaysian, unique and position ourselves in this fast changing globalization world as well as how much are we being influenced by the rise of Asian’s economy. In short, we could foresee that the rising of Asian’s economy may present many challenges, but yet, it will also open up new and unprecedented opportunities for the region and for the world.

It's closing soon!

MASC 2012 registration will be closing real soon!

Do make an effort to register for those of you who are tremendously interested to join MASC 2012.

Join us today for a better tomorrow.

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