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              FPC11 Early Bird Deadline         CGBP What is CPE?

in collaboration with

Isla Lipana & Co.

FRIDAY, 24 OCTOBER 2014 * 9:00AM to 5:00PM

Fake financial transactions, embezzlements, fraud and theft are some of the most rampant and leading causes of losses & business failures due to weak and ineffective internal controls. Don’t let any of these happen to your organization.

Attend this 1-day seminar and learn best practices in how to design and implement controls that will safeguard your assets, enhance integrity of financial reports, and protect you from business operational risks. Discussions will include best practices framework on financial processes and controls, operational policies, and business examples.

Limited Seats Only, Pre-Registration Required

   Avail of Early Bird and

   Seminar Investment is P8,980
   inclusive of Meals, Resource Kit, &
   Certificate of Attendance

   Contact Person: Camille Jonas
   Manila lines (+632) 556-8968 or 69
   Manila Telefax (+632) 842-7148 or 59
   Cebu lines (+63 32) 512-3106 or 07
Lecturer: Roderick M. Danao, CPA – He is the vice-chairman of Isla Lipana and Company/ PriceWaterhouseCoopers. He held the position of being the assurance and Learning and Education partner for 5 years and Audit methodology leader of the firm for 7 years.

He has over 20 years experience in accounting, audit, and business advisory practice both in private and public companies locally and overseas. His postings included assignments in the PricewaterhouseCoopers London and US offices. He is a very articulate and dynamic resource speaker and has lectured in various seminars sponsored by SEC, PICPA, TMAP, PCCI and other firms.
Who Should Attend:

            • Business Leaders/ Owners
            • Board Directors
            • Entrepreneurs/ GMs
            • CFOs, Accountants
            • Business Consultants
            • Business Stakeholders
            • MNCs, SMEs
            • Cooperatives
Business World Online International Chamber of Commerce Tri-ISys Forbes College

Best Practices in
Financial Processes & Controls

Edsa Shangri-La Hotel, Mandaluyong City, Philippines
9:00am to 5:00pm, Friday, October 24, 2014

Course Outline

1) Introduction

2) Risks and internal control

3) The COSO framework on internal control

     • Control environment
        a) How do you know if your management is committed to strong controls?
        b) Do you have the right people doing the right things in your organization?

     • Risk assessment
        a) How do you identify risks relevant to your business objectives?
        b) How do you manage risks that would prevent management from achieving business objectives?

     • Information and communication controls
        a) How do you ensure your people understand their roles and responsibilities?
        b) How do you ensure effective communications to your external stakeholders?

     • Control activities (to focus on preventive controls)
        a) How do you ensure that there are no fake sales, unauthorized disbursements, etc?
        b) How do you know you are paying the right amount of money to your suppliers/creditors etc?

     • Monitoring of controls
        a) How do you monitor effective performance of controls?
        b) How do you capture indicators of controls failure?

4) Examples of best practices on controls over the following key business processes

     • Sales
     • Purchasing and procurement
     • Cash disbursements and payments to suppliers
     • Procurement
     • Physical control on fixed assets
     • Payroll

------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- SEMINAR FEE PER PERSON: P 8,980 (Fee covers Meals, Resource Kit, Certificate of Attendance)


Less 5% for early registrants (on registrations made on or before September 24, 2014)
Less 5% for early payment (if made on or before October 14, 2014)
Less 5% for group registration (minimum of 3 participants)

REGISTER NOW to avail of Early Bird and Group DISCOUNTS
Share |
Download: Flyer - Black&White (.PDF 416kb)
                         Course Outline (.PDF 196kb)