Learn how to implement effective business controls

In a survey conducted by the largest accounting firm in the world, PricewaterhouseCoopers, 54 percent of Philippine companies experienced economic crimes and fraud in the last two years.

According to the 2018 Global Economic Crime and Fraud Survey, asset misappropriation (53 percent) ranked first on the list of economic crimes experienced by companies, followed by business misconduct (38 percent), procurement fraud (35 percent) and accounting fraud (29 percent).

To spare companies from millions of preventable losses, the Center for Global Best Practices will host a pioneering program titled, “Best Practices in Implementing Effective Business Controls” to be held on April 12, 2019 at the EDSA Shangri-La Hotel, Mandaluyong City and on June 20, 2019 at the Seda Ayala Center Cebu, Cebu City.

This program is CPD-accredited. Accountants attending this training will earn CPD credit units.

This one-day training will teach the best practices of setting up, maintaining and managing internal control as part of company risk management strategy, and determine how to improve internal control to boost sustainability and resiliency of the company.

Find out its measurement of success and enhance company corporate oversight mechanisms. Learn the best practices in riskbased controls over selected significant business areas such as financial reporting, revenue collection, expenses and disbursements and many more.

This program will feature Mary Jane Rosales, senior partner of Domingo, Rosales and Associates. She has over 14 years in internal audit and risk management experiences and 22 years in accounting/ controllership experiences including her stint with Petron Corp.’s Controllers Department, Internal Audit Department and Refinery Finance Division and various engagements in private and publicly-listed companies and government agencies and local government units, after early retirement from Petron.

She graduated with a BSBA degree major in Accounting from the University of the Philippines. She became president of the Institute of Internal Auditors Philippines in 2008 but has served as director of the board since 2003.

Registration is open to the general public and is a must for chairmen and board directors, senior and top management, all entrepreneurs and business owners, accountants, controllers, investors, business decision makers and consultants.

Public officials and government employees attending this training program will earn points for career advancement and are exempted from the P2,000 limit set by COA based on Department of Budget and Management Circular 563 issued on April 22, 2016. Interested participants are encouraged to avail of the early payment savings and group discount for three or more registrants. Preregistration is required.

For details, check www.cgbp. org. or call landlines in Manila (+63 2) 842-7148/ 59 and (+63 2) 556-8968/ 69, in Baguio (+63 74) 423-2914, and Cebu (+63 32) 5123106 or 07.