Training program on effective business controls in Cebu

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) topped the list of economic crimes experienced by companies, followed by business misconduct (38 percent), procurement fraud (35 percent) and accounting fraud (29 percent). To prevent companies from incurring millions of preventable losses, the Center for Global Best Practices will host a pioneering program titled, “Best Practices in Implementing Effective Business Controls” 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. 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 risk-based 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.

For details and a complete list of all best practices programs, visit www.cgbp.org or call Manila lines (+63 2) 842-7148/ 59 and 556-8968/ 69, Cebu lines (+63 32) 512-3106 or 07 or in Baguio (+63 74) 423-2914.