Learn about effective business controls

MANILA, Philippines — 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 No. one on the list of economic crimes experienced by companies, followed by business misconduct (38 percent), procurement fraud (35 percent) and accounting fraud (29 percent).

Don’t let any of these happen to your organization!

To save your companies from millions of preventable losses, the Center for Global Best Practices will host a program entitled, “Best Practices in Implementing Effective Business Controls” scheduled on Thursday, Aug.16 at the Manila Marriott Hotel, Pasay City, Philippines.

This program is CPD-Accredited. Accountants who attend the seminar will earn CPD credit units.

Check www.cgbp.org for a complete list of Best Practices Programs including How to Really Read Financial Statements, Best Practices in Resource Mobilization and Management for Colleges and Universities, BIR Computerized Accounting System Compliance for Medium and Large Taxpayers, Understanding Cooperative Financial Statements, SEC accredited Corporate Governance for Board Directors, and many more.  You may also call landlines in Manila (+63 2) 842-7148/ 59 and (+63 2) 556-8968/ 69, in Baguio (+63 74) 423-2914, in Cebu (+63 32) 512-3106 or 07, or Legazpi City (+63 52) 736-0148.)

The program is open to the general public. Public officials and government employees who attend the seminar are exempt from the P 2,000 limit set by COA based on the 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 discounts for a group of three or more attendees.