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Thought Leaders

Thought Leaders

Thought Leader

WWL Ranking: Thought Leader

WWL says

Weng Yee Ng has earned a strong reputation in the market, with sources calling her "extremely spot on, knowledgeable and efficient" for her deep understanding of procurement fraud and compliance programme evaluation.

Questions & Answers

Weng Yee has over 16 years of experience in external and internal audit and forensic accounting. Her expertise includes compliance reviews; internal and international investigations; litigation support (both civil and criminal); risk assessments; evaluation of compliance programmes; FCPA monitorships for both the DOJ and the SEC; disgorgement and penalty calculations; procurement fraud matters; and third-party due diligence. Weng Yee is multilingual and spent over six years working in Malaysia.

WHAT HAS BEEN YOUR MOST INTERESTING CASE TO DATE?

Two cases come to mind. The first was an investigation into a mining firm in Brazil where investors’ money was embezzled to finance a director’s lavish lifestyle. The other was a complex procurement fraud and kickback case in China. Both cases were fascinating in different ways, and I frequently think to myself, “Why hasn’t anyone made a movie out of this yet?”

HOW HAS FORENSIC ACCOUNTING CHANGED SINCE YOU STARTED PRACTICE?

The number of very successful female practitioners who have made significant changes in the world of forensic accounting, white-collar crime and compliance has increased significantly.

WHAT INSPIRED YOU TO PURSUE A CAREER IN FORENSIC ACCOUNTING?

Coming from audit, I was interested in the application of my knowledge – to find out how (financial) crime worked and to help companies safeguard themselves from bribery, corruption and fraud. Also, the phrase “to catch a thief you have to think like a thief”, which I have often found very apt in forensic, made it oh-so appealing compared to the classic accounting profession.

WHICH PART OF YOUR CURRENT ROLE DO YOU ENJOY THE MOST?

Client interaction and thinking out of the box to develop workable solutions for the client’s complex issues.

WHAT IS THE MOST CHALLENGING ASPECT OF PERFORMING RISK ASSESSMENTS AND COMPLIANCE PROGRAMME EVALUATIONS FOR LARGE CORPORATE CLIENTS?

With large organisations, complex processes for multiple business models – and often, people operating in silos – are inevitable. It is amazing how, through our work, we are able to facilitate many cross-department discussions that have resulted in eureka moments. I have lost count on the number of times clients have said to me, “You know our business better than we do!”

YOUR CAREER HAS BEEN VERY INTERNATIONALLY FOCUSED. HOW HAS THIS ENHANCED YOUR PRACTICE AS A FORENSIC EXPERT?

Immensely! It has allowed me to see how people operate in different situations, the cultural influences, the financial and political drivers, etc, all of which help me be a better investigator and compliance consultant.

WHAT ADVICE WOULD YOU GIVE YOUNGER PRACTITIONERS LOOKING TO ONE DAY BE IN YOUR POSITION?

Be open-minded in the early days of your career as it adds to the perspective that one brings to the forensic world. Most importantly, I am a great believer of work hard and play hard – it makes life a great deal more interesting!

Global Leader

WWL Ranking: Recommended

WWL says

Weng Yee Ng is "an exceptionally talented forensic auditor" with a "deep knowledge of internal accounting controls, anti-bribery measures and fraud schemes".

Biography

Weng Yee Ng

Weng Yee Ng is a director at FRA. She holds more than 16 years of experience in external and internal audit and forensic accounting. Her expertise includes compliance reviews, internal investigations, litigation support (both civil and criminal), risk assessments, evaluation of compliance programs, Foreign Corrupt Practices Act (FCPA) monitorships for both the DOJ and SEC, disgorgement and penalty calculations, procurement fraud matters and third-party due diligence.

Weng Yee is currently working on a risk assessment and evaluation of compliance programme for an aviation company. She has recently completed compliance monitorships for a medical devices company and for a financial transaction systems manufacturer, both with global presence, a proactive anti-bribery and corruption review for an international bank and several internal investigations into whistleblower alerts for a CAC 40 automotive original equipment manufacturer (OEM).

Having spent over six years working in-country in Malaysia, Weng Yee possesses a first-hand understanding of the business nuances and financial and reporting practices encountered in Malaysia and in other Southeast Asia countries. Prior to FRA, Weng Yee was involved in statutory audits, advising on initial public offering (IPO) and debt restructuring exercises, and performing SOX compliance audits for companies in, among others, the financial services, chemicals, construction, real estate, retail, pharmaceutical, education, electronics, extraction, oil and gas, and consumer goods sectors.

Weng Yee is multilingual in English, Malay, Cantonese and Mandarin, and is familiar with Bahasa Indonesia and Spanish. She has conducted work in the USA, Canada, Chile, Colombia, Costa Rica, Ireland, France, Germany, Switzerland, Hungary, Italy, South Africa, China, Indonesia, Philippines, Singapore, Thailand and Australia.

WWL Ranking: Recommended

WWL says

Weng Yee Ng has earned a strong reputation in the market, with sources calling her “extremely spot-on, knowledgeable and efficient“ for her deep understanding of procurement fraud and compliance programme evaluation.

Biography

Weng Yee Ng is a director at FRA. She has more than 16 years of experience in external and internal audit and forensic accounting. Her expertise includes compliance reviews, internal investigations, litigation support (both civil and criminal), risk assessments, evaluation of compliance programs, Foreign Corrupt Practices Act (FCPA) monitorships for both the DOJ and SEC, disgorgement and penalty calculations, procurement fraud matters and third party due diligence.

Weng Yee is currently working on a risk assessment and evaluation of a compliance programme for an aviation company. She recently completed compliance monitorships for a medical devices company and a financial transaction systems manufacturer, both of which have a global presence; a proactive anti-bribery and corruption review for an international bank; and an internal investigations into whistleblower alerts for a CAC 40 automotive original equipment manufacturer (OEM).

Having spent over six years working in-country in Malaysia, Weng Yee possesses a first-hand understanding of the business nuances and financial and reporting practices encountered in Malaysia and in other Southeast Asia countries. Prior to FRA, Weng Yee was involved in statutory audits, advising on initial public offering (IPO) and debt restructuring exercises, and performing Sarbanes-Oxley compliance audits for companies in, among others, the financial services, chemicals, construction, real estate, retail, pharmaceutical, education, electronics, extraction, oil and gas, and consumer goods sectors.

Weng Yee is multilingual in English, Malay, Cantonese and Mandarin, and is familiar with Bahasa Indonesia and Spanish. She has conducted work in USA, Canada, Chile, Colombia, Costa Rica, Ireland, France, Germany, Switzerland, Hungary, Italy, South Africa, China, Indonesia, Philippines, Singapore, Thailand and Australia.

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