The Business School welcomed Mr Thong Foo Vung (Partner, Audit, KPMG Malaysia) on December 6, 2011. Mr Thong delivered a talk on a practitioner's view of topical issues in financial reporting to Business School final-year undergraduate students taking the Advanced Financial Reporting module.
About the speaker:
Background
Thong started his career as an articled clerk with another Big Four firm in 1992. He left the Big Four in 1997 as an audit manager to become a finance and administration manager of a trading and property development company. After gaining three years of commercial experience, he joined KPMG in 2000 as an audit manager and was promoted to the Director of the Professional Practice Department of KPMG Malaysia in 2006. He was admitted as a Partner of KPMG Malaysia in 2008. Thong was seconded to the Global Services Center of KPMG International in 2003 for 2½ years, where he was the project manager for the Monetary Unit Sampling and Computer Assisted Audit Techniques and was actively involved in the development of KPMG's Audit Methodology.
Professional and Industry Experience
Thong currently heads the Professional Practice Department of KPMG Malaysia, a resource centre dealing with complex and emerging accounting and auditing issues. He also regularly conducts in-house and external Financial Reporting Standards (FRS) courses and is also actively involved in KPMG’s public seminars on FRS. He is also actively involved in financial reporting and audit standard setting activities. He is a member of the Audit and Assurance Standards Board of Malaysia and a member of the Financial Reporting Standards Implementation Committee of Malaysia. He also sits on various working groups of the Malaysian Accounting Standards Board and also acts as a project manager for some of the working groups. He represented MIA and MICPA in various discussion groups between the accounting profession and the regulators to deal with contentious and implementation issues. He is well-versed with the local regulations and also international standards. Thong’s audit experience covers a wide range of industries, including the petro-chemical, real estate, natural resources, plantation, industrial products, manufacturing and trading industries. He was involved in many exercises for the issuance of debt and equity instruments.
Posted on 7th December 2011