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                         Course Outline (.PDF 116kb)

             Early Bird Deadline          CGBP                                                                     

Thursday, 20 June 2019 * 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 one-day training 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.

    Who Should Attend:
      • Business Leaders
      • Board Directors
      • Entrepreneurs/ GMs
      • CFOs, Accountants
      • Business Consultants
      • Business Stakeholders
      • MNCs, SMEs
      • Cooperatives
    Training Fee:
    P7,980 if you register and pay on or
                before May 20, 2019
    P8,980 regular training fee
   inclusive of Meals, Resource Kit, &
   Certificate of Attendance

Mary Jane O. Rosales, CPA, CIA, CCSA, CRMA
is 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 Corporation'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 served as Director of the Board since 2003. She is a Distinguished Toastmaster, the highest norm given by Toastmasters International.
   Limited Seats Only, Pre-Registration Required

Avail of the Early Bird Discount

   Contact Person: Kyra Villanueva
   Manila lines: (+632) 556-8968 or 69
 Manila Telefax: (+632) 842-7148 or 59
   Cebu lines: (+63 32) 512-3106 or 07
   Baguio line: (+63 74) 423-2914
   Legazpi line: (+63 52) 736-0148

Best Practices in Implementing Effective Business Controls

Seda Ayala Center Cebu, Cebu City, Philippines
Thursday, June 20, 2019, 9:00am to 5:00pm

Course Outline

1) What is Internal Control?

2) Internal Control as a Risk Management strategy

3) The Risk-based Internal Control Framework (COSO)

4) Types of Controls

5) The Need to Improve Internal Controls
     A. Sustainability of business growth
     B. Resiliency during times of crisis
     C. Maximize business opportunities

6) The Challenges of Improving Internal Controls
     A. Neglect of internal controls
     B. Lack of risk awareness
     D. Problems in internal environment
     E. Distortion of financial information
     F. Poor management communication
     G. Lack of effective supervision mechanisms
     H. Cost-effectiveness

7) The Measures of Improving Internal Controls
     A. Strengthening knowledge of business value of controls and risk awareness
     B. Development / construction of strong internal environment
     C. Improving Internal information systems
     D. Enhancing corporate oversight mechanisms
     E. Effective management of supervision / monitoring processes

8) Best Practices: Risk-based Controls over selected Significant Business Areas
     A. Financial Reporting
     B. Revenue and Collection (including sales quotas, credit management, pricing, competitive activities, customer refunds)
     C. Expense and Disbursements
     D. Supply Chain (Procurement, Manufacturing, Quality Control,
     E. Delivery, Inventory / Warehousing, Returns, Stock transfers)
     F. Organization and Personnel
     G. Capital Expenditures
     H. Compliance to laws & regulations
     I. Product Development
     J. Marketing
     K. Maintenance of assets

9) Fraud Management as part of Internal Controls

TRAINING FEE PER PERSON: (Fee covers Meals, Resource Kit, Certificate of Attendance)

P7,980 if you register and pay on or before May 20, 2019
P8,980 regular training fee

REGISTER NOW in Implementing Effective Business Controls

We also invite you to 2 other CEBU training programs:

1. 2019 Revised Corporation Code of the Philippines
    Wednesday, June 19, 2019 at Seda Ayala Center Cebu, Cebu City, Philippines

    Download Registration Form


2. Masterclass on Writing Minutes of Meetings
    Friday, June 21, 2019 at Seda Ayala Center Cebu, Cebu City, Philippines

    Download Registration Form

* Click here for the Full List of the

CGBP also accepts in-house training and consulting for individuals, families, and corporate clients
You may call Center for Global Best Practices:
Manila lines: (+63 2) 556-8968 or 69; telefax (+63 2) 842-7148 or 59
Cebu lines: (+63 32) 512-3106 or 07; Baguio line: (+63 74) 423-2914.
We invite you to check our website for a complete list of Best Practices Programs

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